GGT vs VYM
Gabelli MultiMedia Trust 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 | GGT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.70% | 0.04% | |
| AUM | $259M | $81.6B | |
| Dividend Yield | 24.06% | 2.24% | |
| Holdings | 226 | 616 | |
| YTD Return | +10.49% | +14.66% | |
| 1Y Return | +18.96% | +22.16% | |
| 3Y Return (annualized) | +6.75% | +18.72% | |
| 5Y Return (annualized) | -0.93% | +12.18% | |
| Volatility (annualized) | 26.1% | 14.6% | |
| Max Drawdown | -82.7% | -58.8% | |
| Fund Family | Gabelli Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 15, 1994 | Nov 10, 2006 |
GGT vs VYM Performance
Gabelli MultiMedia Trust (GGT) is a ETF from Gabelli Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year GGT returned +18.96% while VYM returned +22.16%. Year to date, GGT is up 10.49% versus a gain of 14.66% for VYM.
Over three years, GGT compounded at +6.75% per year against +18.72% for VYM; over five years the annualized figures are -0.93% and +12.18% respectively. Across the full 20-year window we track, VYM has the edge at +7.01% annualized vs +0.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGT has been the more volatile fund, with annualized monthly volatility of 26.1% 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 -82.7% for GGT 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GGT charges 1.70% per year while VYM charges 0.04%. On a $10,000 position that is $170 vs $4 annually, a gap of $166 per year that compounds over a long holding period. On income, GGT currently yields 24.06% against 2.24% for VYM.
Holdings Overlap
GGT and VYM share 12 holdings out of 801 unique holdings combined, representing a 2.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GGT or VYM?
GGT has an expense ratio of 1.70% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $166 per year of difference.
Which performed better, GGT or VYM?
Over the past year GGT returned +18.96% vs +22.16% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), GGT annualized +0.16% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, GGT or VYM?
GGT has been the more volatile fund at 26.1% annualized versus 14.6% for VYM. Worst drawdown: GGT -82.7% vs VYM -58.8%.
Should I hold both GGT and VYM?
GGT and VYM have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGT and VYM?
GGT and VYM share 12 common holdings with a 2.0% weight overlap. Combined, they hold 801 unique securities.
Which pays a higher dividend, GGT or VYM?
GGT yields 24.06% while VYM yields 2.24%, so GGT currently pays the higher dividend yield.
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