FIAT vs VYM
YieldMax Short COIN Option Income Strategy ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. FIAT delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | FIAT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.04% | |
| AUM | $34M | $79.0B | |
| Dividend Yield | 90.65% | 2.86% | |
| Holdings | 18 | 568 | |
| YTD Return | +21.58% | +16.16% | |
| 1Y Return | +46.15% | +26.05% | |
| 3Y Return (annualized) | - | +18.43% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 55.5% | 14.6% | |
| 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 +46.15% while VYM returned +26.05%. Year to date, FIAT is up 21.58% versus a gain of 16.16% for VYM.
Risk: Volatility and Drawdowns
FIAT has been the more volatile fund, with annualized monthly volatility of 55.5% 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 -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 -0.33. 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 90.65% against 2.86% for VYM.
Holdings Overlap
FIAT and VYM share 0 holdings out of 560 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 +46.15% vs +26.05% for VYM, so FIAT leads on 1-year performance. Over the longest common window we track (2 years), FIAT annualized -19.16% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, FIAT or VYM?
FIAT has been the more volatile fund at 55.5% annualized versus 14.6% 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 -0.33, 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 560 unique securities.
Which pays a higher dividend, FIAT or VYM?
FIAT yields 90.65% while VYM yields 2.86%, so FIAT currently pays the higher dividend yield.
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