EVHY vs VYM
Eaton Vance High Yield ETF vs Vanguard High Dividend Yield ETF
Which is better, EVHY or VYM?
High Yield Bond against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window.
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 | EVHY | VYM |
|---|---|---|
| Expense Ratio | 0.48% | 0.04%Best |
| AUM | $71M | $83.1B |
| Dividend Yield | 7.07% | 2.22% |
| Holdings | 562 | 608 |
| YTD Return | -0.02% | +10.00%Best |
| 1Y Return | +1.68% | +13.75%Best |
| 3Y Return (annualized) | +8.06% | +18.81%Best |
| 5Y Return (annualized) | - | +11.63% |
| Volatility (annualized) | 4.2%Best | 10.9% |
| Max Drawdown | -3.7%Best | -14.5% |
| $10,000 over 3 years | $12,618 | $16,746Best |
| Fund Family | Eaton Vance | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Value |
| Inception | Oct 16, 2023 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 19, 2023 to Oct 2, 2026 (3 years).
EVHY 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 3 years both funds cover.
EVHY vs VYM Performance
Eaton Vance High Yield ETF (EVHY) is an ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year EVHY returned +1.68% while VYM returned +13.75%. Year to date, EVHY is down 0.02% versus a gain of 10.00% for VYM.
Over three years, EVHY compounded at +8.06% per year against +18.81% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 10.9% compared with 4.2% for EVHY. 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 -3.7% for EVHY and -14.5% 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVHY charges 0.48% per year while VYM charges 0.04%. On a $10,000 position that is $48 vs $4 annually, a gap of $44 per year that compounds over a long holding period. On income, EVHY currently yields 7.07% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 190 holdings in EVHY and 557 in VYM, totalling 67.4% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 46 days apart, EVHY as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 190 positions we hold weights for in EVHY and 557 in VYM, against full books of 562 and 608.
You are not choosing between two funds in isolation.
Whichever of EVHY 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, EVHY or VYM?
EVHY has an expense ratio of 0.48% while VYM charges 0.04%. VYM is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, EVHY or VYM?
Over the past year EVHY returned +1.68% vs +13.75% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EVHY or VYM?
VYM has been the more volatile fund at 10.9% annualized versus 4.2% for EVHY. Worst drawdown: EVHY -3.7% vs VYM -14.5%.
Should I hold both EVHY and VYM?
EVHY and VYM have a monthly-return correlation of 0.79, 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, EVHY or VYM?
EVHY yields 7.07% while VYM yields 2.22%, so EVHY currently pays the higher dividend yield.
Is VYM better than EVHY?
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.