ETG vs VYM
Eaton Vance Tax-Advantaged Global Dividend Income Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. ETG delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | ETG | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.04% | |
| AUM | $1.3B | $81.6B | |
| Dividend Yield | 6.00% | 2.24% | |
| Holdings | 193 | 616 | |
| YTD Return | +10.76% | +16.42% | |
| 1Y Return | +27.09% | +24.22% | |
| 3Y Return (annualized) | +22.86% | +19.03% | |
| 5Y Return (annualized) | +10.40% | +12.21% | |
| Volatility (annualized) | 21.7% | 14.6% | |
| Max Drawdown | -78.3% | -58.8% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Jan 30, 2004 | Nov 10, 2006 |
ETG vs VYM Performance
Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) is a ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ETG returned +27.09% while VYM returned +24.22%. Year to date, ETG is up 10.76% versus a gain of 16.42% for VYM.
Over three years, ETG compounded at +22.86% per year against +19.03% for VYM; over five years the annualized figures are +10.40% and +12.21% respectively. Across the full 20-year window we track, VYM has the edge at +7.10% annualized vs +2.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETG has been the more volatile fund, with annualized monthly volatility of 21.7% 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 -78.3% for ETG 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETG charges 1.27% per year while VYM charges 0.04%. On a $10,000 position that is $127 vs $4 annually, a gap of $123 per year that compounds over a long holding period. On income, ETG currently yields 6.00% against 2.24% for VYM.
Holdings Overlap
ETG and VYM share 32 holdings out of 725 unique holdings combined, representing a 7.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ETG or VYM?
ETG has an expense ratio of 1.27% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $123 per year of difference.
Which performed better, ETG or VYM?
Over the past year ETG returned +27.09% vs +24.22% for VYM, so ETG leads on 1-year performance. Over the longest common window we track (20 years), ETG annualized +2.78% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, ETG or VYM?
ETG has been the more volatile fund at 21.7% annualized versus 14.6% for VYM. Worst drawdown: ETG -78.3% vs VYM -58.8%.
Should I hold both ETG and VYM?
ETG and VYM have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETG and VYM?
ETG and VYM share 32 common holdings with a 7.5% weight overlap. Combined, they hold 725 unique securities.
Which pays a higher dividend, ETG or VYM?
ETG yields 6.00% while VYM yields 2.24%, so ETG currently pays the higher dividend yield.
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