DXD vs VYM
ProShares UltraShort Dow30 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 613 holdings.
Side-by-Side Comparison
| Metric | DXD | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.04% | |
| AUM | $50M | $81.6B | |
| Dividend Yield | 4.01% | 2.24% | |
| Holdings | 10 | 613 | |
| YTD Return | -16.22% | +14.57% | |
| 1Y Return | -25.23% | +21.08% | |
| 3Y Return (annualized) | -22.23% | +18.16% | |
| 5Y Return (annualized) | -15.54% | +12.00% | |
| Volatility (annualized) | 27.5% | 14.6% | |
| Max Drawdown | -99.8% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 11, 2006 | Nov 10, 2006 |
DXD vs VYM Performance
ProShares UltraShort Dow30 (DXD) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DXD returned -25.23% while VYM returned +21.08%. Year to date, DXD is down 16.22% versus a gain of 14.57% for VYM.
Over three years, DXD compounded at -22.23% per year against +18.16% for VYM; over five years the annualized figures are -15.54% and +12.00% respectively. Across the full 20-year window we track, VYM has the edge at +6.99% annualized vs -24.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DXD has been the more volatile fund, with annualized monthly volatility of 27.5% 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 -99.8% for DXD 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 -0.90. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DXD charges 0.95% per year while VYM charges 0.04%. On a $10,000 position that is $95 vs $4 annually, a gap of $91 per year that compounds over a long holding period. On income, DXD currently yields 4.01% against 2.24% for VYM.
Holdings Overlap
DXD and VYM share 0 holdings out of 604 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, DXD or VYM?
DXD has an expense ratio of 0.95% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, DXD or VYM?
Over the past year DXD returned -25.23% vs +21.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), DXD annualized -24.81% vs +6.99% for VYM. Past performance does not guarantee future results.
Which is riskier, DXD or VYM?
DXD has been the more volatile fund at 27.5% annualized versus 14.6% for VYM. Worst drawdown: DXD -99.8% vs VYM -58.8%.
Should I hold both DXD and VYM?
DXD and VYM have a monthly-return correlation of -0.90, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DXD and VYM?
DXD and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, DXD or VYM?
DXD yields 4.01% while VYM yields 2.24%, so DXD currently pays the higher dividend yield.
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