EUM vs VYM
ProShares Short MSCI Emerging Markets 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 616 holdings.
Side-by-Side Comparison
| Metric | EUM | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.04% | |
| AUM | $9M | $81.6B | |
| Dividend Yield | 4.06% | 2.24% | |
| Holdings | 7 | 616 | |
| YTD Return | -18.30% | +14.84% | |
| 1Y Return | -27.11% | +20.88% | |
| 3Y Return (annualized) | -15.93% | +18.34% | |
| 5Y Return (annualized) | -6.39% | +12.04% | |
| Volatility (annualized) | 19.5% | 14.6% | |
| Max Drawdown | -94.0% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 30, 2007 | Nov 10, 2006 |
EUM vs VYM Performance
ProShares Short MSCI Emerging Markets (EUM) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year EUM returned -27.11% while VYM returned +20.88%. Year to date, EUM is down 18.30% versus a gain of 14.84% for VYM.
Over three years, EUM compounded at -15.93% per year against +18.34% for VYM; over five years the annualized figures are -6.39% and +12.04% respectively. Across the full 19-year window we track, VYM has the edge at +7.01% annualized vs -10.48%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EUM has been the more volatile fund, with annualized monthly volatility of 19.5% 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 -94.0% for EUM 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 -0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EUM 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, EUM currently yields 4.06% against 2.24% for VYM.
Holdings Overlap
EUM 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, EUM or VYM?
EUM 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, EUM or VYM?
Over the past year EUM returned -27.11% vs +20.88% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (19 years), EUM annualized -10.48% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, EUM or VYM?
EUM has been the more volatile fund at 19.5% annualized versus 14.6% for VYM. Worst drawdown: EUM -94.0% vs VYM -58.8%.
Should I hold both EUM and VYM?
EUM and VYM have a monthly-return correlation of -0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EUM and VYM?
EUM and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, EUM or VYM?
EUM yields 4.06% while VYM yields 2.24%, so EUM currently pays the higher dividend yield.
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