ICAP vs VYM
Infrastructure Capital 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 558 holdings.
Side-by-Side Comparison
| Metric | ICAP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 2.47% | 0.04% | |
| AUM | $118M | $79.0B | |
| Dividend Yield | 10.77% | 2.86% | |
| Holdings | 175 | 568 | |
| YTD Return | +10.00% | +16.10% | |
| 1Y Return | +20.98% | +25.99% | |
| 3Y Return (annualized) | +16.98% | +18.29% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 19.5% | 14.6% | |
| Max Drawdown | -24.2% | -58.8% | |
| Fund Family | Infrastructure Capital Advisors, LLC | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 28, 2021 | Nov 10, 2006 |
ICAP vs VYM Performance
Infrastructure Capital Equity Income ETF (ICAP) is a ETF from Infrastructure Capital Advisors, LLC and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ICAP returned +20.98% while VYM returned +25.99%. Year to date, ICAP is up 10.00% versus a gain of 16.10% for VYM.
Over three years, ICAP compounded at +16.98% per year against +18.29% for VYM. Across the full 5-year window we track, ICAP has the edge at +8.51% annualized vs +7.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ICAP has been the more volatile fund, with annualized monthly volatility of 19.5% 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 -24.2% for ICAP 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ICAP charges 2.47% per year while VYM charges 0.04%. On a $10,000 position that is $247 vs $4 annually, a gap of $243 per year that compounds over a long holding period. On income, ICAP currently yields 10.77% against 2.86% for VYM.
Holdings Overlap
ICAP and VYM share 32 holdings out of 611 unique holdings combined, representing a 17.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ICAP or VYM?
ICAP has an expense ratio of 2.47% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $243 per year of difference.
Which performed better, ICAP or VYM?
Over the past year ICAP returned +20.98% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), ICAP annualized +8.51% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, ICAP or VYM?
ICAP has been the more volatile fund at 19.5% annualized versus 14.6% for VYM. Worst drawdown: ICAP -24.2% vs VYM -58.8%.
Should I hold both ICAP and VYM?
ICAP and VYM have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between ICAP and VYM?
ICAP and VYM share 32 common holdings with a 17.5% weight overlap. Combined, they hold 611 unique securities.
Which pays a higher dividend, ICAP or VYM?
ICAP yields 10.77% while VYM yields 2.86%, so ICAP currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.