FMCX vs VYM
FM Focus Equity 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 616 holdings.
Side-by-Side Comparison
| Metric | FMCX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.04% | |
| AUM | $122M | $81.6B | |
| Dividend Yield | 0.29% | 2.24% | |
| Holdings | 32 | 616 | |
| YTD Return | +7.22% | +15.60% | |
| 1Y Return | +9.86% | +23.48% | |
| 3Y Return (annualized) | +15.31% | +19.07% | |
| 5Y Return (annualized) | - | +12.50% | |
| Volatility (annualized) | 15.7% | 14.6% | |
| Max Drawdown | -18.5% | -58.8% | |
| Fund Family | First Manhattan | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 22, 2022 | Nov 10, 2006 |
FMCX vs VYM Performance
FM Focus Equity ETF (FMCX) is a ETF from First Manhattan and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FMCX returned +9.86% while VYM returned +23.48%. Year to date, FMCX is up 7.22% versus a gain of 15.60% for VYM.
Over three years, FMCX compounded at +15.31% per year against +19.07% for VYM. Across the full 4-year window we track, FMCX has the edge at +10.09% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMCX has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -18.5% for FMCX 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 0.81. 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
FMCX and VYM share 6 holdings out of 629 unique holdings combined, representing a 8.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $68 per year of difference.
Which performed better, FMCX or VYM?
Over the past year FMCX returned +9.86% vs +23.48% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), FMCX annualized +10.09% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, FMCX or VYM?
FMCX has been the more volatile fund at 15.7% annualized versus 14.6% for VYM. Worst drawdown: FMCX -18.5% vs VYM -58.8%.
Should I hold both FMCX and VYM?
FMCX and VYM have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMCX and VYM?
FMCX and VYM share 6 common holdings with a 8.2% weight overlap. Combined, they hold 629 unique securities.
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.
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