GCPU vs VYM
Grayscale AI Compute ETF vs Vanguard High Dividend Yield ETF
Which is better, GCPU or VYM?
Multi Alternative against Large Cap Value.
VYM has a lower expense ratio. GCPU led over the full window, VYM over 1Y. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 67.5%.
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 | GCPU | VYM |
|---|---|---|
| Expense Ratio | 0.59% | 0.04%Best |
| AUM | $12M | $83.1B |
| Dividend Yield | 0.50% | 2.22% |
| Holdings | 27 | 608 |
| YTD Return | +9.49% | +10.00%Best |
| 1Y Return | -16.52% | +13.75%Best |
| 3Y Return (annualized) | - | +18.81% |
| 5Y Return (annualized) | - | +11.63% |
| Volatility (annualized) | 71.1% | 10.3%Best |
| Max Drawdown | -56.7% | -14.5%Best |
| $10,000 over 1.7 years | $13,428Best | $12,330 |
| Top 10 Weight | 67.5% | 26.1%Best |
| Fund Family | Grayscale | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Jan 30, 2025 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 30, 2025 to Oct 2, 2026 (1.7 years).
GCPU 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 1.7 years both funds cover.
GCPU vs VYM Performance
Grayscale AI Compute ETF (GCPU) is an ETF from Grayscale and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year GCPU returned -16.52% while VYM returned +13.75%. Year to date, GCPU is up 9.49% versus a gain of 10.00% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GCPU has been the more volatile fund, with annualized monthly volatility of 71.1% compared with 10.3% 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 -56.7% for GCPU 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 0.35. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GCPU charges 0.59% per year while VYM charges 0.04%. On a $10,000 position that is $59 vs $4 annually, a gap of $55 per year that compounds over a long holding period. On income, GCPU currently yields 0.50% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 26 holdings in GCPU and 557 in VYM, totalling 100.0% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 46 days apart, GCPU as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 26 positions we hold weights for in GCPU and 557 in VYM, against full books of 27 and 608.
What only one of them owns
Our book lists 528 positions for VYM that do not appear in our book for GCPU (97.1% of the fund), and 20 for GCPU that do not appear in VYM (68.6%).
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 GCPU 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, GCPU or VYM?
GCPU has an expense ratio of 0.59% while VYM charges 0.04%. VYM is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, GCPU or VYM?
Over the past year GCPU returned -16.52% vs +13.75% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), GCPU annualized +18.93% vs +13.11% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GCPU or VYM?
GCPU has been the more volatile fund at 71.1% annualized versus 10.3% for VYM. Worst drawdown: GCPU -56.7% vs VYM -14.5%.
Should I hold both GCPU and VYM?
GCPU and VYM have a monthly-return correlation of 0.35, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GCPU or VYM?
GCPU yields 0.50% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than GCPU?
VYM has a lower expense ratio. GCPU led over the full window, VYM over 1Y. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 67.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.