FDWM vs VYM
Fidelity Womens Leadership ETF 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 | FDWM | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.04% | |
| AUM | $5M | $81.6B | |
| Dividend Yield | 0.52% | 2.24% | |
| Holdings | 82 | 616 | |
| YTD Return | +17.37% | +14.95% | |
| 1Y Return | +14.55% | +21.14% | |
| 3Y Return (annualized) | +16.64% | +18.69% | |
| 5Y Return (annualized) | - | +12.00% | |
| Volatility (annualized) | 17.3% | 14.6% | |
| Max Drawdown | -29.1% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 15, 2021 | Nov 10, 2006 |
FDWM vs VYM Performance
Fidelity Womens Leadership ETF (FDWM) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FDWM returned +14.55% while VYM returned +21.14%. Year to date, FDWM is up 17.37% versus a gain of 14.95% for VYM.
Over three years, FDWM compounded at +16.64% per year against +18.69% for VYM. Across the full 4-year window we track, FDWM has the edge at +7.73% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDWM has been the more volatile fund, with annualized monthly volatility of 17.3% 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 -29.1% for FDWM 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDWM charges 0.59% per year while VYM charges 0.04%. On a $10,000 position that is $59 vs $4 annually, a gap of $55 per year that compounds over a long holding period. On income, FDWM currently yields 0.52% against 2.24% for VYM.
Holdings Overlap
FDWM and VYM share 33 holdings out of 656 unique holdings combined, representing a 16.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDWM or VYM?
FDWM has an expense ratio of 0.59% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, FDWM or VYM?
Over the past year FDWM returned +14.55% vs +21.14% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), FDWM annualized +7.73% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, FDWM or VYM?
FDWM has been the more volatile fund at 17.3% annualized versus 14.6% for VYM. Worst drawdown: FDWM -29.1% vs VYM -58.8%.
Should I hold both FDWM and VYM?
FDWM and VYM have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDWM and VYM?
FDWM and VYM share 33 common holdings with a 16.1% weight overlap. Combined, they hold 656 unique securities.
Which pays a higher dividend, FDWM or VYM?
FDWM yields 0.52% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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