HYKE vs VYM
Vest 2 Year Interest Rate Hedge 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 | HYKE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.93% | 0.04% | |
| AUM | $1M | $81.6B | |
| Dividend Yield | 1.61% | 2.24% | |
| Holdings | 4 | 616 | |
| YTD Return | +8.40% | +14.66% | |
| 1Y Return | +6.59% | +22.16% | |
| 3Y Return (annualized) | - | +18.72% | |
| 5Y Return (annualized) | - | +12.18% | |
| Volatility (annualized) | 17.3% | 14.6% | |
| Max Drawdown | -21.6% | -58.8% | |
| Fund Family | Vest | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 10, 2024 | Nov 10, 2006 |
HYKE vs VYM Performance
Vest 2 Year Interest Rate Hedge ETF (HYKE) is a ETF from Vest and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year HYKE returned +6.59% while VYM returned +22.16%. Year to date, HYKE is up 8.40% versus a gain of 14.66% for VYM.
Risk: Volatility and Drawdowns
HYKE has been the more volatile fund, with annualized monthly volatility of 17.3% 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 -21.6% for HYKE 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 -0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HYKE charges 0.93% per year while VYM charges 0.04%. On a $10,000 position that is $93 vs $4 annually, a gap of $89 per year that compounds over a long holding period. On income, HYKE currently yields 1.61% against 2.24% for VYM.
Holdings Overlap
HYKE and VYM share 0 holdings out of 604 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, HYKE or VYM?
HYKE has an expense ratio of 0.93% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, HYKE or VYM?
Over the past year HYKE returned +6.59% vs +22.16% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), HYKE annualized +6.26% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, HYKE or VYM?
HYKE has been the more volatile fund at 17.3% annualized versus 14.6% for VYM. Worst drawdown: HYKE -21.6% vs VYM -58.8%.
Should I hold both HYKE and VYM?
HYKE and VYM have a monthly-return correlation of -0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYKE and VYM?
HYKE and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, HYKE or VYM?
HYKE yields 1.61% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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