FIAT vs VYM
YieldMax Short COIN Option Income Strategy 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 613 holdings.
Side-by-Side Comparison
| Metric | FIAT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.04% | |
| AUM | $33M | $81.6B | |
| Dividend Yield | 100.90% | 2.24% | |
| Holdings | 26 | 613 | |
| YTD Return | +5.35% | +14.87% | |
| 1Y Return | +20.73% | +21.39% | |
| 3Y Return (annualized) | - | +18.69% | |
| 5Y Return (annualized) | - | +11.98% | |
| Volatility (annualized) | 56.2% | 14.5% | |
| Max Drawdown | -70.5% | -58.8% | |
| Fund Family | YieldMax ETF | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 9, 2024 | Nov 10, 2006 |
FIAT vs VYM Performance
YieldMax Short COIN Option Income Strategy ETF (FIAT) is a ETF from YieldMax ETF and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FIAT returned +20.73% while VYM returned +21.39%. Year to date, FIAT is up 5.35% versus a gain of 14.87% for VYM.
Risk: Volatility and Drawdowns
FIAT has been the more volatile fund, with annualized monthly volatility of 56.2% compared with 14.5% 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 -70.5% for FIAT 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 -0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FIAT charges 1.05% per year while VYM charges 0.04%. On a $10,000 position that is $105 vs $4 annually, a gap of $101 per year that compounds over a long holding period. On income, FIAT currently yields 100.90% against 2.24% for VYM.
Holdings Overlap
FIAT and VYM share 0 holdings out of 606 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FIAT or VYM?
FIAT has an expense ratio of 1.05% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $101 per year of difference.
Which performed better, FIAT or VYM?
Over the past year FIAT returned +20.73% vs +21.39% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), FIAT annualized -23.93% vs +7.00% for VYM. Past performance does not guarantee future results.
Which is riskier, FIAT or VYM?
FIAT has been the more volatile fund at 56.2% annualized versus 14.5% for VYM. Worst drawdown: FIAT -70.5% vs VYM -58.8%.
Should I hold both FIAT and VYM?
FIAT and VYM have a monthly-return correlation of -0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIAT and VYM?
FIAT and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, FIAT or VYM?
FIAT yields 100.90% while VYM yields 2.24%, so FIAT currently pays the higher dividend yield.
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