DJD vs VYM
Invesco Dow Jones Industrial Average Dividend ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. DJD delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | DJD | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.04% | |
| AUM | $502M | $81.6B | |
| Dividend Yield | 2.43% | 2.24% | |
| Holdings | 30 | 616 | |
| YTD Return | +16.23% | +15.75% | |
| 1Y Return | +24.44% | +23.85% | |
| 3Y Return (annualized) | +18.61% | +19.14% | |
| 5Y Return (annualized) | +11.56% | +12.45% | |
| Volatility (annualized) | 14.4% | 14.6% | |
| Max Drawdown | -35.4% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2015 | Nov 10, 2006 |
DJD vs VYM Performance
Invesco Dow Jones Industrial Average Dividend ETF (DJD) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DJD returned +24.44% while VYM returned +23.85%. Year to date, DJD is up 16.23% versus a gain of 15.75% for VYM.
Over three years, DJD compounded at +18.61% per year against +19.14% for VYM; over five years the annualized figures are +11.56% and +12.45% respectively. Across the full 11-year window we track, DJD has the edge at +10.86% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 14.4% for DJD. 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 -35.4% for DJD 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DJD charges 0.07% per year while VYM charges 0.04%. On a $10,000 position that is $7 vs $4 annually, a gap of $3 per year that compounds over a long holding period. On income, DJD currently yields 2.43% against 2.24% for VYM.
Holdings Overlap
DJD and VYM share 19 holdings out of 612 unique holdings combined, representing a 23.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DJD or VYM?
DJD has an expense ratio of 0.07% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, DJD or VYM?
Over the past year DJD returned +24.44% vs +23.85% for VYM, so DJD leads on 1-year performance. Over the longest common window we track (11 years), DJD annualized +10.86% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, DJD or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 14.4% for DJD. Worst drawdown: DJD -35.4% vs VYM -58.8%.
Should I hold both DJD and VYM?
DJD and VYM have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DJD and VYM?
DJD and VYM share 19 common holdings with a 23.4% weight overlap. Combined, they hold 612 unique securities.
Which pays a higher dividend, DJD or VYM?
DJD yields 2.43% while VYM yields 2.24%, so DJD currently pays the higher dividend yield.
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