FFLS vs VYM
The Future Fund Long/Short ETF vs Vanguard High Dividend Yield ETF
Which is better, FFLS or VYM?
Long-Short Strategy 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 | FFLS | VYM |
|---|---|---|
| Expense Ratio | 1.60% | 0.04%Best |
| AUM | $43M | $81.6B |
| Dividend Yield | 6.64% | 2.22% |
| Holdings | 60 | 613 |
| YTD Return | -0.94% | +12.29%Best |
| 1Y Return | -5.26% | +16.61%Best |
| 3Y Return (annualized) | +8.56% | +17.42%Best |
| 5Y Return (annualized) | - | +12.12% |
| Volatility (annualized) | 9.2%Best | 11.0% |
| Max Drawdown | -11.1%Best | -14.5% |
| $10,000 over 3.2 years | $12,789 | $16,518Best |
| Fund Family | The Future Fund | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Long-Short Strategy | Large Cap Value |
| Inception | Jun 20, 2022 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jun 21, 2023 to Sep 17, 2026 (3.2 years).
FFLS 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 3.2 years both funds cover.
FFLS vs VYM Performance
The Future Fund Long/Short ETF (FFLS) is an ETF from The Future Fund and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FFLS returned -5.26% while VYM returned +16.61%. Year to date, FFLS is down 0.94% versus a gain of 12.29% for VYM.
Over three years, FFLS compounded at +8.56% per year against +17.42% 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 11.0% compared with 9.2% for FFLS. 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 -11.1% for FFLS 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 0.46. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FFLS charges 1.60% per year while VYM charges 0.04%. On a $10,000 position that is $160 vs $4 annually, a gap of $156 per year that compounds over a long holding period. On income, FFLS currently yields 6.64% against 2.22% for VYM.
Holdings Overlap
At least 8.5% of VYM's money is in holdings FFLS also owns.
Stated as a floor: for FFLS, our book for it covers 79.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VYM and FFLS share little of their money.
8 positions in common, counted across the 53 positions we hold weights for in FFLS and 557 in VYM, against full books of 60 and 613.
Top Shared Holdings
| Stock | Weight in FFLS | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.40% | 7.35% | 4.95% |
| CHRWCH Robinson Worldwide | -1.35% | 0.07% | 1.42% |
| MTCHMatch Group Inc | -1.39% | 0.04% | 1.43% |
| PIIPolaris Inc | -1.52% | 0.01% | 1.53% |
| HRBH&R Block, Inc. | -1.55% | 0.02% | 1.57% |
| DELLDell Technologies Inc | -2.17% | 0.50% | 2.67% |
| BXBlackstone Group Inc. Class A | -2.11% | 0.39% | 2.50% |
| SYFSynchrony Financial | -2.66% | 0.10% | 2.76% |
You are not choosing between two funds in isolation.
Whichever of FFLS 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, FFLS or VYM?
FFLS has an expense ratio of 1.60% while VYM charges 0.04%. VYM is the cheaper option, by $156 a year on a $10,000 investment.
Which performed better, FFLS or VYM?
Over the past year FFLS returned -5.26% vs +16.61% 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, FFLS or VYM?
VYM has been the more volatile fund at 11.0% annualized versus 9.2% for FFLS. Worst drawdown: FFLS -11.1% vs VYM -14.5%.
Should I hold both FFLS and VYM?
FFLS and VYM have a monthly-return correlation of 0.46, 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 FFLS and VYM?
At least 8.5% of VYM's money is in holdings FFLS also owns. Our book for FFLS is partial, so the real figure is this or higher. They hold 8 positions in common, counted across the 53 positions we hold weights for in FFLS and 557 in VYM.
Which pays a higher dividend, FFLS or VYM?
FFLS yields 6.64% while VYM yields 2.22%, so FFLS currently pays the higher dividend yield.
Is VYM better than FFLS?
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.