GOVI vs VYM
Invesco Equal Weight 0-30 Year Treasury 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 558 holdings.
Side-by-Side Comparison
| Metric | GOVI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.04% | |
| AUM | $1.2B | $79.0B | |
| Dividend Yield | 3.81% | 2.86% | |
| Holdings | 31 | 568 | |
| YTD Return | -1.40% | +16.78% | |
| 1Y Return | +0.28% | +24.43% | |
| 3Y Return (annualized) | +1.88% | +18.60% | |
| 5Y Return (annualized) | -3.70% | +12.30% | |
| Volatility (annualized) | 8.7% | 14.6% | |
| Max Drawdown | -33.1% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 11, 2007 | Nov 10, 2006 |
GOVI vs VYM Performance
Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year GOVI returned +0.28% while VYM returned +24.43%. Year to date, GOVI is down 1.40% versus a gain of 16.78% for VYM.
Over three years, GOVI compounded at +1.88% per year against +18.60% for VYM; over five years the annualized figures are -3.70% and +12.30% respectively. Across the full 19-year window we track, VYM has the edge at +7.11% annualized vs +1.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 8.7% for GOVI. 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 -33.1% for GOVI 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 -0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GOVI charges 0.15% per year while VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, GOVI currently yields 3.81% against 2.86% for VYM.
Holdings Overlap
GOVI and VYM share 0 holdings out of 588 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GOVI or VYM?
GOVI has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, GOVI or VYM?
Over the past year GOVI returned +0.28% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (19 years), GOVI annualized +1.07% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, GOVI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 8.7% for GOVI. Worst drawdown: GOVI -33.1% vs VYM -58.8%.
Should I hold both GOVI and VYM?
GOVI and VYM have a monthly-return correlation of -0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GOVI and VYM?
GOVI and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 588 unique securities.
Which pays a higher dividend, GOVI or VYM?
GOVI yields 3.81% while VYM yields 2.86%, so GOVI currently pays the higher dividend yield.
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