DIVP vs VYM
Cullen Enhanced Equity Income ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | DIVP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.04% | |
| AUM | $59M | $81.6B | |
| Dividend Yield | 6.32% | 2.24% | |
| Holdings | 45 | 613 | |
| YTD Return | +11.39% | +14.57% | |
| 1Y Return | +13.46% | +21.08% | |
| 3Y Return (annualized) | - | +18.16% | |
| 5Y Return (annualized) | - | +12.00% | |
| Volatility (annualized) | 10.1% | 14.6% | |
| Max Drawdown | -13.4% | -58.8% | |
| Fund Family | Cullen Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 6, 2024 | Nov 10, 2006 |
DIVP vs VYM Performance
Cullen Enhanced Equity Income ETF (DIVP) is a ETF from Cullen Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DIVP returned +13.46% while VYM returned +21.08%. Year to date, DIVP is up 11.39% versus a gain of 14.57% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 10.1% for DIVP. 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 -13.4% for DIVP and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVP charges 0.55% per year while VYM charges 0.04%. On a $10,000 position that is $55 vs $4 annually, a gap of $51 per year that compounds over a long holding period. On income, DIVP currently yields 6.32% against 2.24% for VYM.
Holdings Overlap
DIVP and VYM share 30 holdings out of 608 unique holdings combined, representing a 16.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DIVP or VYM?
DIVP has an expense ratio of 0.55% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, DIVP or VYM?
Over the past year DIVP returned +13.46% vs +21.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), DIVP annualized +9.84% vs +6.99% for VYM. Past performance does not guarantee future results.
Which is riskier, DIVP or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 10.1% for DIVP. Worst drawdown: DIVP -13.4% vs VYM -58.8%.
Should I hold both DIVP and VYM?
DIVP and VYM have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DIVP and VYM?
DIVP and VYM share 30 common holdings with a 16.4% weight overlap. Combined, they hold 608 unique securities.
Which pays a higher dividend, DIVP or VYM?
DIVP yields 6.32% while VYM yields 2.24%, so DIVP currently pays the higher dividend yield.
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