DMX vs VYM
DoubleLine Multi-Sector 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 558 holdings.
Side-by-Side Comparison
| Metric | DMX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.04% | |
| AUM | $98M | $79.0B | |
| Dividend Yield | 5.89% | 2.86% | |
| Holdings | 532 | 568 | |
| YTD Return | +1.81% | +16.16% | |
| 1Y Return | +4.78% | +26.05% | |
| 3Y Return (annualized) | - | +18.43% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 1.8% | 14.6% | |
| Max Drawdown | -2.6% | -58.8% | |
| Fund Family | DoubleLine Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 29, 2024 | Nov 10, 2006 |
DMX vs VYM Performance
DoubleLine Multi-Sector Income ETF (DMX) is a ETF from DoubleLine Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DMX returned +4.78% while VYM returned +26.05%. Year to date, DMX is up 1.81% versus a gain of 16.16% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 1.8% for DMX. 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 -2.6% for DMX 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DMX charges 0.50% per year while VYM charges 0.04%. On a $10,000 position that is $50 vs $4 annually, a gap of $46 per year that compounds over a long holding period. On income, DMX currently yields 5.89% against 2.86% for VYM.
Holdings Overlap
DMX and VYM share 0 holdings out of 809 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DMX or VYM?
DMX has an expense ratio of 0.50% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, DMX or VYM?
Over the past year DMX returned +4.78% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), DMX annualized +5.32% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, DMX or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 1.8% for DMX. Worst drawdown: DMX -2.6% vs VYM -58.8%.
Should I hold both DMX and VYM?
DMX and VYM have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMX and VYM?
DMX and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 809 unique securities.
Which pays a higher dividend, DMX or VYM?
DMX yields 5.89% while VYM yields 2.86%, so DMX currently pays the higher dividend yield.
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