HEQQ vs VYM
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF vs Vanguard High Dividend Yield ETF
Which is better, HEQQ or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 53.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HEQQ | VYM |
|---|---|---|
| Expense Ratio | 0.50% | 0.04%Best |
| AUM | $30M | $81.6B |
| Dividend Yield | 0.22% | 2.24% |
| Holdings | 108 | 613 |
| YTD Return | +5.12% | +14.82%Best |
| 1Y Return | +10.28% | +20.84%Best |
| 3Y Return (annualized) | - | +18.64% |
| 5Y Return (annualized) | - | +12.28% |
| Volatility (annualized) | 8.4%Best | 9.3% |
| Max Drawdown | -7.6%Best | -11.3% |
| $10,000 over 1.4 years | $12,261 | $13,048Best |
| Top 10 Weight | 53.5% | 25.9%Best |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 26, 2025 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Mar 27, 2025 to Sep 4, 2026 (1.4 years).
HEQQ vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.4 years both funds cover.
HEQQ vs VYM Performance
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is an ETF from J.P. Morgan Asset Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year HEQQ returned +10.28% while VYM returned +20.84%. Year to date, HEQQ is up 5.12% versus a gain of 14.82% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 9.3% compared with 8.4% for HEQQ. 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 -7.6% for HEQQ and -11.3% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HEQQ charges 0.50% per year while VYM charges 0.04%. On a $10,000 position that is $50 vs $4 annually, a gap of $46 per year that compounds over a long holding period. On income, HEQQ currently yields 0.22% against 2.24% for VYM.
Holdings Overlap
15.4% of HEQQ's money is in holdings VYM also owns. 28.9% of VYM's money is in holdings HEQQ also owns.
VYM and HEQQ share little of their money.
29 positions in common, counted across the 98 positions we hold weights for in HEQQ and 603 in VYM, against full books of 108 and 613.
What only one of them owns
Our book lists 541 positions for VYM that do not appear in our book for HEQQ (68.5% of the fund), and 64 for HEQQ that do not appear in VYM (82.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in HEQQ | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 3.30% | 7.29% | 3.99% |
| JNJJohnson & Johnson - Common | 0.94% | 2.54% | 1.60% |
| ADIAnalog Devices, Inc. | 2.13% | 0.80% | 1.33% |
| XOMExxon Mobil Corp. | 0.37% | 2.36% | 1.99% |
| ABBVAbbvie Inc. | 0.65% | 1.85% | 1.20% |
| KOCoca Cola Co. | 0.80% | 1.31% | 0.51% |
| UNHUnitedhealth Group Incorporated | 0.19% | 1.56% | 1.37% |
| IBMInternational Business Machines Corp. | 0.34% | 1.10% | 0.76% |
| PMPhilip Morris International Inc. | 0.23% | 1.17% | 0.94% |
| ORCLOracle Corp - Common | 0.25% | 1.04% | 0.79% |
28.9% of VYM is already inside HEQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HEQQ or VYM?
HEQQ has an expense ratio of 0.50% while VYM charges 0.04%. VYM is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, HEQQ or VYM?
Over the past year HEQQ returned +10.28% vs +20.84% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), HEQQ annualized +15.67% vs +20.93% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEQQ or VYM?
VYM has been the more volatile fund at 9.3% annualized versus 8.4% for HEQQ. Worst drawdown: HEQQ -7.6% vs VYM -11.3%.
Should I hold both HEQQ and VYM?
HEQQ and VYM have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HEQQ and VYM?
28.9% of VYM's money is in holdings HEQQ also owns. 28.9% of VYM's is in holdings HEQQ also owns. They hold 29 positions in common, counted across the 98 positions we hold weights for in HEQQ and 603 in VYM.
Which pays a higher dividend, HEQQ or VYM?
HEQQ yields 0.22% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Is VYM better than HEQQ?
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 53.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.