DMB vs VYM
BNY Mellon Municipal Bond Infrastructure Fund, Inc. vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | DMB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.04% | |
| AUM | $289M | $81.6B | |
| Dividend Yield | 4.51% | 2.24% | |
| Holdings | 200 | 616 | |
| YTD Return | +0.21% | +15.60% | |
| 1Y Return | +11.42% | +23.48% | |
| 3Y Return (annualized) | +3.82% | +19.07% | |
| 5Y Return (annualized) | -2.98% | +12.50% | |
| Volatility (annualized) | 15.7% | 14.6% | |
| Max Drawdown | -40.1% | -58.8% | |
| Fund Family | BNY Mellon Investment Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 26, 2013 | Nov 10, 2006 |
DMB vs VYM Performance
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) is a ETF from BNY Mellon Investment Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DMB returned +11.42% while VYM returned +23.48%. Year to date, DMB is up 0.21% versus a gain of 15.60% for VYM.
Over three years, DMB compounded at +3.82% per year against +19.07% for VYM; over five years the annualized figures are -2.98% and +12.50% respectively. Across the full 13-year window we track, VYM has the edge at +7.05% annualized vs -0.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DMB has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 14.6% for VYM. 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 -40.1% for DMB 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
DMB and VYM share 0 holdings out of 723 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, DMB or VYM?
Over the past year DMB returned +11.42% vs +23.48% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (13 years), DMB annualized -0.81% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, DMB or VYM?
DMB has been the more volatile fund at 15.7% annualized versus 14.6% for VYM. Worst drawdown: DMB -40.1% vs VYM -58.8%.
Should I hold both DMB and VYM?
DMB and VYM have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMB and VYM?
DMB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 723 unique securities.
Which pays a higher dividend, DMB or VYM?
DMB yields 4.51% while VYM yields 2.24%, so DMB currently pays the higher dividend yield.
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