HYKE vs VYM
Vest 2 Year Interest Rate Hedge ETF vs Vanguard High Dividend Yield ETF
Which is better, HYKE or VYM?
Option Writing against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window.
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 | HYKE | VYM |
|---|---|---|
| Expense Ratio | 0.93% | 0.04%Best |
| AUM | $1M | $81.6B |
| Dividend Yield | 1.61% | 2.22% |
| Holdings | 4 | 613 |
| Volatility (annualized) | 17.3% | 11.1%Best |
| Max Drawdown | -21.6% | -14.5%Best |
| $10,000 over 2.2 years | $11,429 | $13,882Best |
| Fund Family | Vest | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Value |
| Inception | Jan 10, 2024 | Nov 10, 2006 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 168 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HYKE has data through Mar 27, 2026 and VYM through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jan 11, 2024 to Mar 27, 2026 (2.2 years).
Risk: Volatility and Drawdowns
HYKE has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 11.1% 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 -14.5% 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 -0.22. They move largely independently of each other.
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 2.22% for VYM.
Holdings Overlap
We hold position weights for 1 holding in HYKE and 603 in VYM, totalling 66.0% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 181 days apart, HYKE as of Dec 31, 2025 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in HYKE and 603 in VYM, against full books of 4 and 613.
You are not choosing between two funds in isolation.
Whichever of HYKE and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $89 a year on a $10,000 investment.
Which is riskier, HYKE or VYM?
HYKE has been the more volatile fund at 17.3% annualized versus 11.1% for VYM. Worst drawdown: HYKE -21.6% vs VYM -14.5%.
Should I hold both HYKE and VYM?
HYKE and VYM have a monthly-return correlation of -0.22, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HYKE or VYM?
HYKE yields 1.61% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than HYKE?
VYM has a lower expense ratio. VYM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.