FMKT vs VYM
The Free Markets ETF vs Vanguard High Dividend Yield ETF
Which is better, FMKT or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 44.7%.
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 | FMKT | VYM |
|---|---|---|
| Expense Ratio | 0.76% | 0.04%Best |
| AUM | $12M | $81.6B |
| Dividend Yield | 2.14% | 2.22% |
| Holdings | 45 | 613 |
| YTD Return | +0.82% | +13.15%Best |
| 1Y Return | +1.35% | +17.82%Best |
| 3Y Return (annualized) | - | +17.99% |
| 5Y Return (annualized) | - | +12.16% |
| Volatility (annualized) | 13.7% | 8.9%Best |
| Max Drawdown | -17.8% | -6.7%Best |
| $10,000 over 1.3 years | $11,500 | $12,852Best |
| Top 10 Weight | 44.7% | 25.9%Best |
| Fund Family | Tidal ETF Trust | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 9, 2025 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 10, 2025 to Sep 10, 2026 (1.3 years).
FMKT 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 1.3 years both funds cover.
FMKT vs VYM Performance
The Free Markets ETF (FMKT) is an ETF from Tidal ETF Trust and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FMKT returned +1.35% while VYM returned +17.82%. Year to date, FMKT is up 0.82% versus a gain of 13.15% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMKT has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 8.9% 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 -17.8% for FMKT and -6.7% 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 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FMKT charges 0.76% per year while VYM charges 0.04%. On a $10,000 position that is $76 vs $4 annually, a gap of $72 per year that compounds over a long holding period. On income, FMKT currently yields 2.14% against 2.22% for VYM.
Holdings Overlap
36.8% of FMKT's money is in holdings VYM also owns. 5.2% of VYM's money is in holdings FMKT also owns.
The two portfolios partly overlap.
The two holdings books were reported 64 days apart, FMKT as of Sep 2, 2026 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
15 positions in common, counted across the 44 positions we hold weights for in FMKT and 603 in VYM, against full books of 45 and 613.
What only one of them owns
Our book lists 553 positions for VYM that do not appear in our book for FMKT (92.3% of the fund), and 28 for FMKT that do not appear in VYM (61.9%).
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.
Top Shared Holdings
| Stock | Weight in FMKT | Weight in VYM | Difference |
|---|---|---|---|
| ORCLOracle Corp. | 4.79% | 1.04% | 3.75% |
| ADMArcher-Daniels-Midland Co. | 5.48% | 0.15% | 5.33% |
| BXBlackstone Group Inc/the Common Stock | 3.18% | 0.36% | 2.82% |
| CFGCitizens Financial Group Inc. | 3.07% | 0.12% | 2.95% |
| USBUS Bancorp | 2.66% | 0.39% | 2.27% |
| WMBWilliams Cos. Inc. | 2.60% | 0.38% | 2.22% |
| PNCPnc Financial Services Group Inc. | 2.57% | 0.41% | 2.16% |
| ABTAbbott Laboratories | 1.98% | 0.65% | 1.33% |
| ETNEaton Corp. Plc | 1.89% | 0.69% | 1.20% |
| KEYKeycorp | 2.36% | 0.09% | 2.27% |
36.8% of FMKT is already inside VYM.
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, FMKT or VYM?
FMKT has an expense ratio of 0.76% while VYM charges 0.04%. VYM is the cheaper option, by $72 a year on a $10,000 investment.
Which performed better, FMKT or VYM?
Over the past year FMKT returned +1.35% vs +17.82% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), FMKT annualized +11.35% vs +21.29% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMKT or VYM?
FMKT has been the more volatile fund at 13.7% annualized versus 8.9% for VYM. Worst drawdown: FMKT -17.8% vs VYM -6.7%.
Should I hold both FMKT and VYM?
FMKT and VYM have a monthly-return correlation of 0.51, 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 FMKT and VYM?
36.8% of FMKT's money is in holdings VYM also owns. 5.2% of VYM's is in holdings FMKT also owns. They hold 15 positions in common, counted across the 44 positions we hold weights for in FMKT and 603 in VYM.
Which pays a higher dividend, FMKT or VYM?
FMKT yields 2.14% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than FMKT?
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 44.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.