HEJD vs VYM
VictoryShares Hedged Equity Income 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 | HEJD | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.04% | |
| AUM | $38M | $81.6B | |
| Dividend Yield | 4.26% | 2.24% | |
| Holdings | 204 | 616 | |
| YTD Return | +3.26% | +15.60% | |
| 1Y Return | +8.35% | +23.48% | |
| 3Y Return (annualized) | - | +19.07% | |
| 5Y Return (annualized) | - | +12.50% | |
| Volatility (annualized) | 4.5% | 14.6% | |
| Max Drawdown | -10.3% | -58.8% | |
| Fund Family | Victory Capital Management Inc. | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 10, 2024 | Nov 10, 2006 |
HEJD vs VYM Performance
VictoryShares Hedged Equity Income ETF (HEJD) is a ETF from Victory Capital Management Inc. and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year HEJD returned +8.35% while VYM returned +23.48%. Year to date, HEJD is up 3.26% versus a gain of 15.60% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 4.5% for HEJD. 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 -10.3% for HEJD 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HEJD charges 0.55% per year while VYM charges 0.04%. On a $10,000 position that is $55 vs $4 annually, a gap of $51 per year that compounds over a long holding period. On income, HEJD currently yields 4.26% against 2.24% for VYM.
Holdings Overlap
HEJD and VYM share 151 holdings out of 651 unique holdings combined, representing a 17.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HEJD or VYM?
HEJD has an expense ratio of 0.55% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, HEJD or VYM?
Over the past year HEJD returned +8.35% vs +23.48% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), HEJD annualized +9.10% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, HEJD or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 4.5% for HEJD. Worst drawdown: HEJD -10.3% vs VYM -58.8%.
Should I hold both HEJD and VYM?
HEJD and VYM have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HEJD and VYM?
HEJD and VYM share 151 common holdings with a 17.6% weight overlap. Combined, they hold 651 unique securities.
Which pays a higher dividend, HEJD or VYM?
HEJD yields 4.26% while VYM yields 2.24%, so HEJD currently pays the higher dividend yield.
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