FLSP vs VYM
Franklin Systematic Style Premia ETF vs Vanguard High Dividend Yield ETF
Which is better, FLSP or VYM?
Multi Alternative against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y 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 | FLSP | VYM |
|---|---|---|
| Expense Ratio | 0.65% | 0.04%Best |
| AUM | $1.1B | $81.6B |
| Dividend Yield | 2.54% | 2.22% |
| Holdings | 598 | 613 |
| YTD Return | +7.48% | +11.35%Best |
| 1Y Return | +13.73% | +15.34%Best |
| 3Y Return (annualized) | +9.95% | +17.22%Best |
| 5Y Return (annualized) | +9.03% | +12.30%Best |
| Volatility (annualized) | 8.1%Best | 15.7% |
| Max Drawdown | -22.8%Best | -35.7% |
| $10,000 over 5 years | $15,407 | $17,861Best |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Dec 18, 2019 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 23, 2019 to Sep 18, 2026 (6.7 years).
FLSP 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 6.7 years both funds cover.
FLSP vs VYM Performance
Franklin Systematic Style Premia ETF (FLSP) is an ETF from Franklin Templeton Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FLSP returned +13.73% while VYM returned +15.34%. Year to date, FLSP is up 7.48% versus a gain of 11.35% for VYM.
Over three years, FLSP compounded at +9.95% per year against +17.22% for VYM; over five years the annualized figures are +9.03% and +12.30% respectively. Across the full 7-year window we track, VYM has the edge at +10.79% annualized vs +4.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 8.1% for FLSP. 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 -22.8% for FLSP and -35.7% 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 0.14. They move largely independently of each other.
Fees and Cost Over Time
FLSP charges 0.65% per year while VYM charges 0.04%. On a $10,000 position that is $65 vs $4 annually, a gap of $61 per year that compounds over a long holding period. On income, FLSP currently yields 2.54% against 2.22% for VYM.
Holdings Overlap
At least 23.5% of VYM's money is in holdings FLSP also owns.
Stated as a floor: for FLSP, our book for it covers 91.2% 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 FLSP share little of their money.
83 positions in common, counted across the 272 positions we hold weights for in FLSP and 557 in VYM, against full books of 598 and 613.
Top Shared Holdings
| Stock | Weight in FLSP | Weight in VYM | Difference |
|---|---|---|---|
| CSCOCisco Systems Inc. - Ordinary Shares | 0.96% | 1.86% | 0.90% |
| ABBVAbbvie Inc. | 0.23% | 1.80% | 1.57% |
| CCitigroup Inc. | 1.01% | 0.89% | 0.12% |
| MSMorgan Stanley | 0.86% | 0.96% | 0.10% |
| GILDGilead Sciences | 0.99% | 0.66% | 0.33% |
| DISWalt Disney Co | 0.95% | 0.69% | 0.26% |
| GSGoldman Sachs Group Inc/The | 0.22% | 1.13% | 0.91% |
| BMYBristol-Myers Squibb Co. | 0.67% | 0.54% | 0.13% |
| PEPPepsico Inc. | 0.38% | 0.77% | 0.39% |
| NEMNewmont Corp Common | 0.73% | 0.41% | 0.32% |
23.5% of VYM is already inside FLSP.
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, FLSP or VYM?
FLSP has an expense ratio of 0.65% while VYM charges 0.04%. VYM is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, FLSP or VYM?
Over the past year FLSP returned +13.73% vs +15.34% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (7 years), FLSP annualized +4.77% vs +10.79% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLSP or VYM?
VYM has been the more volatile fund at 15.7% annualized versus 8.1% for FLSP. Worst drawdown: FLSP -22.8% vs VYM -35.7%.
Should I hold both FLSP and VYM?
FLSP and VYM have a monthly-return correlation of 0.14, 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 FLSP and VYM?
At least 23.5% of VYM's money is in holdings FLSP also owns. Our book for FLSP is partial, so the real figure is this or higher. They hold 83 positions in common, counted across the 272 positions we hold weights for in FLSP and 557 in VYM.
Which pays a higher dividend, FLSP or VYM?
FLSP yields 2.54% while VYM yields 2.22%, so FLSP currently pays the higher dividend yield.
Is VYM better than FLSP?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.