FDN 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

MetricFDNVYMWinner
Expense Ratio0.49%0.04%
AUM$5.0B$79.0B
Dividend Yield0.00%2.86%
Holdings42568
YTD Return+11.18%+16.78%
1Y Return+8.65%+24.43%
3Y Return (annualized)+21.22%+18.60%
5Y Return (annualized)+4.11%+12.30%
Volatility (annualized)21.6%14.6%
Max Drawdown-61.5%-58.8%
Fund FamilyFirst Trust Portfolios (US)Vanguard (US)
CategoryEquityEquity
InceptionJun 19, 2006Nov 10, 2006

FDN vs VYM Performance

First Trust Dow Jones Internet Index Fund (FDN) is a ETF from First Trust Portfolios (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FDN returned +8.65% while VYM returned +24.43%. Year to date, FDN is up 11.18% versus a gain of 16.78% for VYM.

Over three years, FDN compounded at +21.22% per year against +18.60% for VYM; over five years the annualized figures are +4.11% and +12.30% respectively. Across the full 20-year window we track, FDN has the edge at +14.18% annualized vs +7.11%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

FDN has been the more volatile fund, with annualized monthly volatility of 21.6% 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 -61.5% for FDN 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

FDN charges 0.49% per year while VYM charges 0.04%. On a $10,000 position that is $49 vs $4 annually, a gap of $45 per year that compounds over a long holding period. On income, FDN currently yields 0.00% against 2.86% for VYM.

Holdings Overlap

1.6%overlap

FDN and VYM share 2 holdings out of 597 unique holdings combined, representing a 1.6% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in FDNWeight in VYMDifference
CSCO8.09%1.39%6.70%
EBAY2.05%0.18%1.87%

Frequently Asked Questions

Which is cheaper, FDN or VYM?

FDN has an expense ratio of 0.49% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $45 per year of difference.

Which performed better, FDN or VYM?

Over the past year FDN returned +8.65% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), FDN annualized +14.18% vs +7.11% for VYM. Past performance does not guarantee future results.

Which is riskier, FDN or VYM?

FDN has been the more volatile fund at 21.6% annualized versus 14.6% for VYM. Worst drawdown: FDN -61.5% vs VYM -58.8%.

Should I hold both FDN and VYM?

FDN and VYM have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between FDN and VYM?

FDN and VYM share 2 common holdings with a 1.6% weight overlap. Combined, they hold 597 unique securities.

Which pays a higher dividend, FDN or VYM?

FDN yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.

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