FDWM vs VYM
Fidelity Womens Leadership ETF vs Vanguard High Dividend Yield ETF
Which is better, FDWM or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 36.7%.
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 | FDWM | VYM |
|---|---|---|
| Expense Ratio | 0.59% | 0.04%Best |
| AUM | $5M | $81.6B |
| Dividend Yield | 0.52% | 2.22% |
| Holdings | 82 | 613 |
| Volatility (annualized) | 17.3% | 14.1%Best |
| Max Drawdown | -29.1% | -15.8%Best |
| $10,000 over 4.4 years | $13,877 | $15,412Best |
| Top 10 Weight | 36.7% | 26.1%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 15, 2021 | Nov 10, 2006 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 309 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FDWM has data through Nov 13, 2025 and VYM through Sep 18, 2026.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Jun 17, 2021 to Nov 13, 2025 (4.4 years).
Risk: Volatility and Drawdowns
FDWM has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 14.1% 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 -15.8% 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 0.85. 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 2.22% for VYM.
Holdings Overlap
32.5% of FDWM's money is in holdings VYM also owns. 19.9% of VYM's money is in holdings FDWM also owns.
The two portfolios partly overlap.
The two holdings books were reported 365 days apart, FDWM as of Jul 31, 2025 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.
36 positions in common, counted across the 86 positions we hold weights for in FDWM and 557 in VYM, against full books of 82 and 613.
What only one of them owns
Our book lists 492 positions for VYM that do not appear in our book for FDWM (77.2% of the fund), and 48 for FDWM that do not appear in VYM (64.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FDWM | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 2.12% | 3.82% | 1.70% |
| BACBank of America Corp.: Financials | 1.30% | 1.66% | 0.36% |
| KOCoca Cola Co. | 1.16% | 1.38% | 0.22% |
| PGProcter & Gamble Company | 1.13% | 1.37% | 0.24% |
| MRKMerck & Company Inc | 1.14% | 1.31% | 0.17% |
| DISWalt Disney Co | 1.47% | 0.69% | 0.78% |
| WFCWells Fargo & Co. | 0.93% | 1.07% | 0.14% |
| CCitigroup Inc. | 0.97% | 0.89% | 0.08% |
| ETNEaton Corp PLC | 1.15% | 0.65% | 0.50% |
| GILDGilead Sciences | 1.12% | 0.66% | 0.46% |
32.5% of FDWM is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $55 a year on a $10,000 investment.
Which is riskier, FDWM or VYM?
FDWM has been the more volatile fund at 17.3% annualized versus 14.1% for VYM. Worst drawdown: FDWM -29.1% vs VYM -15.8%.
Should I hold both FDWM and VYM?
FDWM and VYM have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FDWM and VYM?
32.5% of FDWM's money is in holdings VYM also owns. 19.9% of VYM's is in holdings FDWM also owns. They hold 36 positions in common, counted across the 86 positions we hold weights for in FDWM and 557 in VYM.
Which pays a higher dividend, FDWM or VYM?
FDWM yields 0.52% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than FDWM?
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 36.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.