HECO vs VYM
State Street Galaxy Hedged Digital Asset Ecosystem ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. HECO delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | HECO | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.04% | |
| AUM | $82M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 150 | 568 | |
| YTD Return | +48.54% | +16.16% | |
| 1Y Return | +83.27% | +26.05% | |
| 3Y Return (annualized) | - | +18.43% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 50.1% | 14.6% | |
| Max Drawdown | -44.6% | -58.8% | |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 9, 2024 | Nov 10, 2006 |
HECO vs VYM Performance
State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) is a ETF from SPDR State Street Global Advisors and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year HECO returned +83.27% while VYM returned +26.05%. Year to date, HECO is up 48.54% versus a gain of 16.16% for VYM.
Risk: Volatility and Drawdowns
HECO has been the more volatile fund, with annualized monthly volatility of 50.1% 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 -44.6% for HECO 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HECO charges 0.90% per year while VYM charges 0.04%. On a $10,000 position that is $90 vs $4 annually, a gap of $86 per year that compounds over a long holding period. On income, HECO currently yields 0.00% against 2.86% for VYM.
Holdings Overlap
HECO and VYM share 6 holdings out of 584 unique holdings combined, representing a 6.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HECO or VYM?
HECO has an expense ratio of 0.90% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, HECO or VYM?
Over the past year HECO returned +83.27% vs +26.05% for VYM, so HECO leads on 1-year performance. Over the longest common window we track (2 years), HECO annualized +63.04% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, HECO or VYM?
HECO has been the more volatile fund at 50.1% annualized versus 14.6% for VYM. Worst drawdown: HECO -44.6% vs VYM -58.8%.
Should I hold both HECO and VYM?
HECO and VYM have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HECO and VYM?
HECO and VYM share 6 common holdings with a 6.3% weight overlap. Combined, they hold 584 unique securities.
Which pays a higher dividend, HECO or VYM?
HECO yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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