DODGX vs VYM
Dodge & Cox Stock Fund 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 616 holdings.
Side-by-Side Comparison
| Metric | DODGX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.51% | 0.04% | |
| AUM | $79.3B | $81.6B | |
| Dividend Yield | 8.73% | 2.24% | |
| Holdings | 91 | 616 | |
| YTD Return | +8.92% | +15.34% | |
| 1Y Return | -93.37% | +23.24% | |
| 3Y Return (annualized) | -57.11% | +19.22% | |
| 5Y Return (annualized) | -40.50% | +12.21% | |
| Volatility (annualized) | 45.0% | 14.6% | |
| Max Drawdown | -94.5% | -58.8% | |
| Fund Family | Dodge & Cox Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 4, 1965 | Nov 10, 2006 |
DODGX vs VYM Performance
Dodge & Cox Stock Fund (DODGX) is a mutual fund from Dodge & Cox Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DODGX returned -93.37% while VYM returned +23.24%. Year to date, DODGX is up 8.92% versus a gain of 15.34% for VYM.
Over three years, DODGX compounded at -57.11% per year against +19.22% for VYM; over five years the annualized figures are -40.50% and +12.21% respectively. Across the full 5-year window we track, VYM has the edge at +7.04% annualized vs -40.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DODGX has been the more volatile fund, with annualized monthly volatility of 45.0% 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 -94.5% for DODGX 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DODGX charges 0.51% per year while VYM charges 0.04%. On a $10,000 position that is $51 vs $4 annually, a gap of $47 per year that compounds over a long holding period. On income, DODGX currently yields 8.73% against 2.24% for VYM.
Holdings Overlap
DODGX and VYM share 37 holdings out of 652 unique holdings combined, representing a 11.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DODGX or VYM?
DODGX has an expense ratio of 0.51% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, DODGX or VYM?
Over the past year DODGX returned -93.37% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), DODGX annualized -40.50% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, DODGX or VYM?
DODGX has been the more volatile fund at 45.0% annualized versus 14.6% for VYM. Worst drawdown: DODGX -94.5% vs VYM -58.8%.
Should I hold both DODGX and VYM?
DODGX and VYM have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DODGX and VYM?
DODGX and VYM share 37 common holdings with a 11.5% weight overlap. Combined, they hold 652 unique securities.
Which pays a higher dividend, DODGX or VYM?
DODGX yields 8.73% while VYM yields 2.24%, so DODGX currently pays the higher dividend yield.
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