DIVO vs VYM
Amplify CWP Enhanced Dividend Income ETF vs Vanguard High Dividend Yield ETF
Which is better, DIVO or VYM?
Each has led over a different period.
VYM has a lower expense ratio. DIVO led over the full window, VYM over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.93. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 50.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIVO | VYM |
|---|---|---|
| Expense Ratio | 0.56% | 0.04%Best |
| AUM | $7.9B | $81.6B |
| Dividend Yield | 6.60% | 2.22% |
| Holdings | 76 | 613 |
| YTD Return | +9.76% | +12.87%Best |
| 1Y Return | +15.67% | +17.25%Best |
| 3Y Return (annualized) | +15.82% | +17.66%Best |
| 5Y Return (annualized) | +11.14% | +11.98%Best |
| Volatility (annualized) | 12.6%Best | 14.4% |
| Max Drawdown | -31.7%Best | -35.7% |
| $10,000 over 5 years | $16,957 | $17,608Best |
| Top 10 Weight | 50.7% | 26.1%Best |
| Fund Family | Amplify ETFs | Vanguard (US) |
| Category | Alternative | Equity |
| Style | - | Large Cap Value |
| Inception | Dec 13, 2016 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Dec 14, 2016 to Sep 15, 2026 (9.8 years).
DIVO vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.8 years both funds cover.
DIVO vs VYM Performance
Amplify CWP Enhanced Dividend Income ETF (DIVO) is an ETF from Amplify ETFs and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year DIVO returned +15.67% while VYM returned +17.25%. Year to date, DIVO is up 9.76% versus a gain of 12.87% for VYM.
Over three years, DIVO compounded at +15.82% per year against +17.66% for VYM; over five years the annualized figures are +11.14% and +11.98% respectively. Across the full 10-year window we track, DIVO has the edge at +9.96% annualized vs +9.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 12.6% for DIVO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.7% for DIVO and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DIVO charges 0.56% per year while VYM charges 0.04%. On a $10,000 position that is $56 vs $4 annually, a gap of $52 per year that compounds over a long holding period. On income, DIVO currently yields 6.60% against 2.22% for VYM.
Holdings Overlap
51.0% of DIVO's money is in holdings VYM also owns. 16.9% of VYM's money is in holdings DIVO also owns.
The two portfolios partly overlap.
18 positions in common, counted across the 31 positions we hold weights for in DIVO and 557 in VYM, against full books of 76 and 613.
What only one of them owns
Our book lists 510 positions for VYM that do not appear in our book for DIVO (80.2% of the fund), and 12 for DIVO that do not appear in VYM (47.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DIVO | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 4.90% | 3.82% | 1.08% |
| CATCaterpillar, Inc. | 4.95% | 1.50% | 3.45% |
| CVXChevron Corp | 4.66% | 1.48% | 3.18% |
| GSGoldman Sachs Group Inc/The | 4.86% | 1.13% | 3.73% |
| AMGNAmgen Inc. | 5.19% | 0.78% | 4.41% |
| MRKMerck & Company Inc | 3.46% | 1.31% | 2.15% |
| HDHome Depot Inc/The | 2.86% | 1.34% | 1.52% |
| CMECme Group, Cl A | 3.19% | 0.39% | 2.80% |
| KOCoca Cola Co. | 1.93% | 1.38% | 0.55% |
| MCDMcdonald'S Corp | 2.47% | 0.78% | 1.69% |
51.0% of DIVO is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVO or VYM?
DIVO has an expense ratio of 0.56% while VYM charges 0.04%. VYM is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, DIVO or VYM?
Over the past year DIVO returned +15.67% vs +17.25% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (10 years), DIVO annualized +9.96% vs +9.78% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVO or VYM?
VYM has been the more volatile fund at 14.4% annualized versus 12.6% for DIVO. Worst drawdown: DIVO -31.7% vs VYM -35.7%.
Should I hold both DIVO and VYM?
DIVO and VYM have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DIVO and VYM?
51.0% of DIVO's money is in holdings VYM also owns. 16.9% of VYM's is in holdings DIVO also owns. They hold 18 positions in common, counted across the 31 positions we hold weights for in DIVO and 557 in VYM.
Which pays a higher dividend, DIVO or VYM?
DIVO yields 6.60% while VYM yields 2.22%, so DIVO currently pays the higher dividend yield.
Is VYM better than DIVO?
VYM has a lower expense ratio. DIVO led over the full window, VYM over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.93. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 50.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.