DIVP vs VYM
Cullen Enhanced Equity Income ETF vs Vanguard High Dividend Yield ETF
Which is better, DIVP or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. DIVP led over 1Y, VYM over the full window. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 37.0%.
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 | DIVP | VYM |
|---|---|---|
| Expense Ratio | 0.55% | 0.04%Best |
| AUM | $62M | $95.8B |
| Dividend Yield | 6.30% | 2.23% |
| Holdings | 93 | 610 |
| YTD Return | +14.53% | +16.00%Best |
| 1Y Return | +19.10%Best | +18.97% |
| 3Y Return (annualized) | - | +20.46% |
| 5Y Return (annualized) | - | +11.54% |
| Volatility (annualized) | 10.8%Tie | 10.8%Tie |
| Max Drawdown | -13.4%Best | -14.5% |
| $10,000 over 2.7 years | $13,005 | $15,118Best |
| Top 10 Weight | 37.0% | 25.8%Best |
| Fund Family | Cullen Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 6, 2024 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Mar 7, 2024 to Nov 11, 2026 (2.7 years).
DIVP 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 2.7 years both funds cover.
DIVP vs VYM Performance
Cullen Enhanced Equity Income ETF (DIVP) is an ETF from Cullen Funds and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year DIVP returned +19.10% while VYM returned +18.97%. Year to date, DIVP is up 14.53% versus a gain of 16.00% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIVP and VYM have been equally volatile, both at 10.8% annualized.
The deepest peak-to-trough decline in our data was -13.4% for DIVP and -14.5% 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 0.88. 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 6.30% against 2.23% for VYM.
Holdings Overlap
86.6% of DIVP's money is in holdings VYM also owns. 19.8% of VYM's money is in holdings DIVP also owns.
Most of DIVP is already inside VYM. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 35 positions we hold weights for in DIVP and 602 in VYM, against full books of 93 and 610.
What only one of them owns
Our book lists 547 positions for VYM that do not appear in our book for DIVP (78.8% of the fund), and 3 for DIVP that do not appear in VYM (8.0%).
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 DIVP | Weight in VYM | Difference |
|---|---|---|---|
| XOMExxonmobil Corp. | 3.43% | 2.70% | 0.73% |
| UNHUnitedhealth Group Incorporated | 3.94% | 1.42% | 2.52% |
| JPMJpmorgan Chase | 1.51% | 3.83% | 2.32% |
| COPConocophillips Common Stock USD 0.01 | 4.23% | 0.65% | 3.58% |
| MRKMerck & Company Inc | 3.37% | 1.47% | 1.90% |
| EOGEog Resources Inc | 4.32% | 0.31% | 4.01% |
| IBMIbm | 3.35% | 0.89% | 2.46% |
| MDTMedtronic Plc Ordinary Shares | 3.64% | 0.47% | 3.17% |
| BDXBecton Dickinson And Co. | 3.79% | 0.22% | 3.57% |
| BMYBristol-Myers Squibb Co. | 3.28% | 0.55% | 2.73% |
86.6% of DIVP 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, DIVP or VYM?
DIVP has an expense ratio of 0.55% while VYM charges 0.04%. VYM is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, DIVP or VYM?
Over the past year DIVP returned +19.10% vs +18.97% for VYM, so DIVP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVP or VYM?
DIVP and VYM have been equally volatile, both at 10.8% annualized. Worst drawdown: DIVP -13.4% vs VYM -14.5%.
Should I hold both DIVP and VYM?
DIVP and VYM have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DIVP and VYM?
86.6% of DIVP's money is in holdings VYM also owns. 19.8% of VYM's is in holdings DIVP also owns. They hold 30 positions in common, counted across the 35 positions we hold weights for in DIVP and 602 in VYM.
Which pays a higher dividend, DIVP or VYM?
DIVP yields 6.30% while VYM yields 2.23%, so DIVP currently pays the higher dividend yield.
Is VYM better than DIVP?
VYM has a lower expense ratio. DIVP led over 1Y, VYM over the full window. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 37.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.