GGZ vs VYM
Gabelli Global Small and Mid Cap Value Trust vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. GGZ delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | GGZ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 3.00% | 0.04% | |
| AUM | $169M | $81.6B | |
| Dividend Yield | 4.34% | 2.24% | |
| Holdings | 312 | 616 | |
| YTD Return | +13.36% | +15.34% | |
| 1Y Return | +24.80% | +23.24% | |
| 3Y Return (annualized) | +19.25% | +19.22% | |
| 5Y Return (annualized) | +6.86% | +12.21% | |
| Volatility (annualized) | 21.3% | 14.6% | |
| Max Drawdown | -59.0% | -58.8% | |
| Fund Family | Gabelli Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2014 | Nov 10, 2006 |
GGZ vs VYM Performance
Gabelli Global Small and Mid Cap Value Trust (GGZ) is a ETF from Gabelli Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year GGZ returned +24.80% while VYM returned +23.24%. Year to date, GGZ is up 13.36% versus a gain of 15.34% for VYM.
Over three years, GGZ compounded at +19.25% per year against +19.22% for VYM; over five years the annualized figures are +6.86% and +12.21% respectively. Across the full 12-year window we track, VYM has the edge at +7.04% annualized vs +5.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGZ has been the more volatile fund, with annualized monthly volatility of 21.3% 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 -59.0% for GGZ 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GGZ charges 3.00% per year while VYM charges 0.04%. On a $10,000 position that is $300 vs $4 annually, a gap of $296 per year that compounds over a long holding period. On income, GGZ currently yields 4.34% against 2.24% for VYM.
Holdings Overlap
GGZ and VYM share 34 holdings out of 869 unique holdings combined, representing a 1.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GGZ or VYM?
GGZ has an expense ratio of 3.00% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $296 per year of difference.
Which performed better, GGZ or VYM?
Over the past year GGZ returned +24.80% vs +23.24% for VYM, so GGZ leads on 1-year performance. Over the longest common window we track (12 years), GGZ annualized +5.35% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, GGZ or VYM?
GGZ has been the more volatile fund at 21.3% annualized versus 14.6% for VYM. Worst drawdown: GGZ -59.0% vs VYM -58.8%.
Should I hold both GGZ and VYM?
GGZ and VYM have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGZ and VYM?
GGZ and VYM share 34 common holdings with a 1.3% weight overlap. Combined, they hold 869 unique securities.
Which pays a higher dividend, GGZ or VYM?
GGZ yields 4.34% while VYM yields 2.24%, so GGZ currently pays the higher dividend yield.
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