DVND vs VYM
Touchstone Dividend Select ETF vs Vanguard High Dividend Yield ETF
Which is better, DVND or VYM?
Nearly the same fund. VYM costs less.
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 28.2%.
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 | DVND | VYM |
|---|---|---|
| Expense Ratio | 0.50% | 0.04%Best |
| AUM | $54M | $81.6B |
| Dividend Yield | 1.77% | 2.22% |
| Holdings | 57 | 613 |
| YTD Return | +10.91% | +11.35%Best |
| 1Y Return | +13.17% | +15.34%Best |
| 3Y Return (annualized) | +16.13% | +17.22%Best |
| 5Y Return (annualized) | - | +12.30% |
| Volatility (annualized) | 13.2%Best | 13.5% |
| Max Drawdown | -14.8% | -14.5%Best |
| $10,000 over 4.1 years | $16,643 | $16,922Best |
| Top 10 Weight | 28.2% | 26.1%Best |
| Fund Family | Touchstone Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 2, 2022 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Aug 4, 2022 to Sep 18, 2026 (4.1 years).
DVND 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 4.1 years both funds cover.
DVND vs VYM Performance
Touchstone Dividend Select ETF (DVND) is an ETF from Touchstone Investments and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year DVND returned +13.17% while VYM returned +15.34%. Year to date, DVND is up 10.91% versus a gain of 11.35% for VYM.
Over three years, DVND compounded at +16.13% per year against +17.22% for VYM. Across the full 4-year window we track, VYM has the edge at +13.69% annualized vs +13.23%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 13.5% compared with 13.2% for DVND. 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 -14.8% for DVND 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DVND 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, DVND currently yields 1.77% against 2.22% for VYM.
Holdings Overlap
70.1% of DVND's money is in holdings VYM also owns. 45.2% of VYM's money is in holdings DVND also owns.
Most of DVND is already inside VYM. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 56 positions we hold weights for in DVND and 557 in VYM, against full books of 57 and 613.
What only one of them owns
Measured across the 56 and 557 positions we hold weights for.
VYM holds 486 positions DVND does not, 51.8% of the fund.
Largest: ABBV 1.80%, KO 1.38%, MS 0.96%, C 0.89%, AMGN 0.78%
Top Shared Holdings
| Stock | Weight in DVND | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 3.07% | 7.35% | 4.28% |
| JPMJpmorgan Chase | 1.79% | 3.82% | 2.03% |
| XOMExxon Mobil Corp. | 2.46% | 2.63% | 0.17% |
| JNJJohnson & Johnson - Common | 2.48% | 2.51% | 0.03% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.94% | 1.86% | 0.08% |
| BACBank of America Corp.: Financials | 2.01% | 1.66% | 0.35% |
| CVXChevron Corp | 2.09% | 1.48% | 0.61% |
| PGProcter & Gamble Company | 1.96% | 1.37% | 0.59% |
| MRKMerck & Company Inc | 1.96% | 1.31% | 0.65% |
| PMPhilip Morris International Inc. | 2.03% | 1.21% | 0.82% |
70.1% of DVND 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, DVND or VYM?
DVND has an expense ratio of 0.50% while VYM charges 0.04%. VYM is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, DVND or VYM?
Over the past year DVND returned +13.17% vs +15.34% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), DVND annualized +13.23% vs +13.69% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVND or VYM?
VYM has been the more volatile fund at 13.5% annualized versus 13.2% for DVND. Worst drawdown: DVND -14.8% vs VYM -14.5%.
Should I hold both DVND and VYM?
DVND and VYM have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DVND and VYM?
70.1% of DVND's money is in holdings VYM also owns. 45.2% of VYM's is in holdings DVND also owns. They hold 42 positions in common, counted across the 56 positions we hold weights for in DVND and 557 in VYM.
Which pays a higher dividend, DVND or VYM?
DVND yields 1.77% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than DVND?
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 28.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.