HDMV vs VYM
First Trust Horizon Managed Volatility Developed International 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 616 holdings.
Side-by-Side Comparison
| Metric | HDMV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.04% | |
| AUM | $17M | $81.6B | |
| Dividend Yield | 3.99% | 2.24% | |
| Holdings | 163 | 616 | |
| YTD Return | +11.71% | +15.60% | |
| 1Y Return | +14.51% | +23.48% | |
| 3Y Return (annualized) | +16.55% | +19.07% | |
| 5Y Return (annualized) | +7.54% | +12.50% | |
| Volatility (annualized) | 12.8% | 14.6% | |
| Max Drawdown | -35.5% | -58.8% | |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 24, 2016 | Nov 10, 2006 |
HDMV vs VYM Performance
First Trust Horizon Managed Volatility Developed International ETF (HDMV) is a ETF from First Trust Portfolios (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year HDMV returned +14.51% while VYM returned +23.48%. Year to date, HDMV is up 11.71% versus a gain of 15.60% for VYM.
Over three years, HDMV compounded at +16.55% per year against +19.07% for VYM; over five years the annualized figures are +7.54% and +12.50% respectively. Across the full 10-year window we track, VYM has the edge at +7.05% annualized vs +4.80%. 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 12.8% for HDMV. 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 -35.5% for HDMV 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HDMV charges 0.80% per year while VYM charges 0.04%. On a $10,000 position that is $80 vs $4 annually, a gap of $76 per year that compounds over a long holding period. On income, HDMV currently yields 3.99% against 2.24% for VYM.
Holdings Overlap
HDMV and VYM share 0 holdings out of 752 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, HDMV or VYM?
HDMV has an expense ratio of 0.80% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, HDMV or VYM?
Over the past year HDMV returned +14.51% vs +23.48% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (10 years), HDMV annualized +4.80% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, HDMV or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 12.8% for HDMV. Worst drawdown: HDMV -35.5% vs VYM -58.8%.
Should I hold both HDMV and VYM?
HDMV and VYM have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HDMV and VYM?
HDMV and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 752 unique securities.
Which pays a higher dividend, HDMV or VYM?
HDMV yields 3.99% while VYM yields 2.24%, so HDMV currently pays the higher dividend yield.
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