FMCX vs VYM
FM Focus Equity ETF vs Vanguard High Dividend Yield ETF
Which is better, FMCX or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 54.3%.
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 | FMCX | VYM |
|---|---|---|
| Expense Ratio | 0.72% | 0.04%Best |
| AUM | $120M | $81.6B |
| Dividend Yield | 0.29% | 2.24% |
| Holdings | 32 | 613 |
| YTD Return | +6.59% | +14.33%Best |
| 1Y Return | +7.55% | +20.01%Best |
| 3Y Return (annualized) | +14.47% | +18.43%Best |
| 5Y Return (annualized) | - | +12.16% |
| Volatility (annualized) | 15.5% | 13.8%Best |
| Max Drawdown | -18.5% | -14.5%Best |
| $10,000 over 4.4 years | $15,095 | $16,778Best |
| Top 10 Weight | 54.3% | 25.9%Best |
| Fund Family | First Manhattan | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Apr 22, 2022 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Apr 25, 2022 to Sep 8, 2026 (4.4 years).
FMCX 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 4.4 years both funds cover.
FMCX vs VYM Performance
FM Focus Equity ETF (FMCX) is an ETF from First Manhattan and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FMCX returned +7.55% while VYM returned +20.01%. Year to date, FMCX is up 6.59% versus a gain of 14.33% for VYM.
Over three years, FMCX compounded at +14.47% per year against +18.43% for VYM. Across the full 4-year window we track, VYM has the edge at +12.48% annualized vs +9.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMCX has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 13.8% 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 -18.5% for FMCX 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMCX charges 0.72% per year while VYM charges 0.04%. On a $10,000 position that is $72 vs $4 annually, a gap of $68 per year that compounds over a long holding period. On income, FMCX currently yields 0.29% against 2.24% for VYM.
Holdings Overlap
19.2% of FMCX's money is in holdings VYM also owns. 11.7% of VYM's money is in holdings FMCX also owns.
FMCX and VYM share little of their money.
6 positions in common, counted across the 32 positions we hold weights for in FMCX and 602 in VYM, against full books of 32 and 613.
What only one of them owns
Our book lists 563 positions for VYM that do not appear in our book for FMCX (85.6% of the fund), and 24 for FMCX that do not appear in VYM (77.6%).
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.
You are not choosing between two funds in isolation.
Whichever of FMCX 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, FMCX or VYM?
FMCX has an expense ratio of 0.72% while VYM charges 0.04%. VYM is the cheaper option, by $68 a year on a $10,000 investment.
Which performed better, FMCX or VYM?
Over the past year FMCX returned +7.55% vs +20.01% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), FMCX annualized +9.81% vs +12.48% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMCX or VYM?
FMCX has been the more volatile fund at 15.5% annualized versus 13.8% for VYM. Worst drawdown: FMCX -18.5% vs VYM -14.5%.
Should I hold both FMCX and VYM?
FMCX and VYM have a monthly-return correlation of 0.81, 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 FMCX and VYM?
19.2% of FMCX's money is in holdings VYM also owns. 11.7% of VYM's is in holdings FMCX also owns. They hold 6 positions in common, counted across the 32 positions we hold weights for in FMCX and 602 in VYM.
Which pays a higher dividend, FMCX or VYM?
FMCX yields 0.29% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Is VYM better than FMCX?
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 54.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.