EMTY vs VYM

Quick Verdict

VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.

Lower Fees: VYMHigher Returns: VYMMore Diversified: VYM

Side-by-Side Comparison

MetricEMTYVYMWinner
Expense Ratio0.65%0.04%
AUM$3M$79.0B
Dividend Yield3.28%2.86%
Holdings5568
YTD Return-3.20%+16.16%
1Y Return+1.11%+26.05%
3Y Return (annualized)-5.11%+18.43%
5Y Return (annualized)-3.01%+12.21%
Volatility (annualized)24.1%14.6%
Max Drawdown-78.1%-58.8%
Fund FamilyProSharesVanguard (US)
CategoryAlternativeEquity
InceptionNov 14, 2017Nov 10, 2006

EMTY vs VYM Performance

ProShares Decline of the Retail Store ETF (EMTY) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year EMTY returned +1.11% while VYM returned +26.05%. Year to date, EMTY is down 3.20% versus a gain of 16.16% for VYM.

Over three years, EMTY compounded at -5.11% per year against +18.43% for VYM; over five years the annualized figures are -3.01% and +12.21% respectively. Across the full 9-year window we track, VYM has the edge at +7.09% annualized vs -11.69%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

EMTY has been the more volatile fund, with annualized monthly volatility of 24.1% 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 -78.1% for EMTY 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 -0.76. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

EMTY charges 0.65% per year while VYM charges 0.04%. On a $10,000 position that is $65 vs $4 annually, a gap of $61 per year that compounds over a long holding period. On income, EMTY currently yields 3.28% against 2.86% for VYM.

Frequently Asked Questions

Which is cheaper, EMTY or VYM?

EMTY has an expense ratio of 0.65% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $61 per year of difference.

Which performed better, EMTY or VYM?

Over the past year EMTY returned +1.11% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (9 years), EMTY annualized -11.69% vs +7.09% for VYM. Past performance does not guarantee future results.

Which is riskier, EMTY or VYM?

EMTY has been the more volatile fund at 24.1% annualized versus 14.6% for VYM. Worst drawdown: EMTY -78.1% vs VYM -58.8%.

Should I hold both EMTY and VYM?

EMTY and VYM have a monthly-return correlation of -0.76, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, EMTY or VYM?

EMTY yields 3.28% while VYM yields 2.86%, so EMTY currently pays the higher dividend yield.

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