DVYE vs VYM
iShares Emerging Markets Dividend ETF vs Vanguard High Dividend Yield ETF
Which is better, DVYE or VYM?
Mid Cap Value against Large Cap Value.
VYM has a lower expense ratio. DVYE led over 1Y and 3Y, VYM over 5Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 27.4%.
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 | DVYE | VYM |
|---|---|---|
| Expense Ratio | 0.50% | 0.04%Best |
| AUM | $1.3B | $81.6B |
| Dividend Yield | 4.79% | 2.22% |
| Holdings | 141 | 613 |
| YTD Return | +16.68%Best | +13.75% |
| 1Y Return | +26.95%Best | +19.42% |
| 3Y Return (annualized) | +23.37%Best | +18.22% |
| 5Y Return (annualized) | +6.49% | +12.17%Best |
| Volatility (annualized) | 17.2% | 13.0%Best |
| Max Drawdown | -55.4% | -35.7%Best |
| $10,000 over 5 years | $13,694 | $17,758Best |
| Top 10 Weight | 27.4% | 25.9%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Feb 23, 2012 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Feb 24, 2012 to Sep 9, 2026 (14.5 years).
DVYE 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 14.5 years both funds cover.
DVYE vs VYM Performance
iShares Emerging Markets Dividend ETF (DVYE) is an ETF from iShares by BlackRock (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year DVYE returned +26.95% while VYM returned +19.42%. Year to date, DVYE is up 16.68% versus a gain of 13.75% for VYM.
Over three years, DVYE compounded at +23.37% per year against +18.22% for VYM; over five years the annualized figures are +6.49% and +12.17% respectively. Across the full 15-year window we track, VYM has the edge at +10.04% annualized vs +0.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVYE has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 13.0% 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 -55.4% for DVYE and -35.7% 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DVYE 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, DVYE currently yields 4.79% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 108 holdings in DVYE and 603 in VYM, totalling 99.1% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 108 positions we hold weights for in DVYE and 603 in VYM, against full books of 141 and 613.
What only one of them owns
Our book lists 567 positions for VYM that do not appear in our book for DVYE (97.3% of the fund), and 3 for DVYE that do not appear in VYM (3.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of DVYE and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DVYE or VYM?
DVYE 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, DVYE or VYM?
Over the past year DVYE returned +26.95% vs +19.42% for VYM, so DVYE leads on 1-year performance. Over the longest common window we track (15 years), DVYE annualized +0.20% vs +10.04% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVYE or VYM?
DVYE has been the more volatile fund at 17.2% annualized versus 13.0% for VYM. Worst drawdown: DVYE -55.4% vs VYM -35.7%.
Should I hold both DVYE and VYM?
DVYE and VYM have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DVYE or VYM?
DVYE yields 4.79% while VYM yields 2.22%, so DVYE currently pays the higher dividend yield.
Is VYM better than DVYE?
VYM has a lower expense ratio. DVYE led over 1Y and 3Y, VYM over 5Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 27.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.