ICAP vs VYM
Infrastructure Capital Equity Income ETF vs Vanguard High Dividend Yield ETF
Which is better, ICAP or VYM?
Each has led over a different period.
VYM has a lower expense ratio. ICAP led over 3Y, VYM over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | ICAP | VYM |
|---|---|---|
| Expense Ratio | 2.47% | 0.04%Best |
| AUM | $118M | $81.6B |
| Dividend Yield | 10.94% | 2.22% |
| Holdings | 174 | 613 |
| YTD Return | +8.94% | +11.47%Best |
| 1Y Return | +13.34% | +15.94%Best |
| 3Y Return (annualized) | +18.27%Best | +18.03% |
| 5Y Return (annualized) | - | +12.35% |
| Volatility (annualized) | 19.3% | 13.7%Best |
| Max Drawdown | -24.2% | -15.8%Best |
| $10,000 over 4.7 years | $14,402 | $16,138Best |
| Fund Family | Infrastructure Capital Advisors, LLC | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 28, 2021 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Dec 29, 2021 to Sep 21, 2026 (4.7 years).
ICAP 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 4.7 years both funds cover.
ICAP vs VYM Performance
Infrastructure Capital Equity Income ETF (ICAP) is an ETF from Infrastructure Capital Advisors, LLC and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year ICAP returned +13.34% while VYM returned +15.94%. Year to date, ICAP is up 8.94% versus a gain of 11.47% for VYM.
Over three years, ICAP compounded at +18.27% per year against +18.03% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ICAP has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 13.7% 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 -15.8% 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 0.91. 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 10.94% against 2.22% for VYM.
Holdings Overlap
At least 31.3% of VYM's money is in holdings ICAP also owns.
Only one direction is shown: for ICAP, our book for it lists positions totalling 125.5% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
The two portfolios partly overlap.
34 positions in common, counted across the 82 positions we hold weights for in ICAP and 557 in VYM, against full books of 174 and 613.
Top Shared Holdings
| Stock | Weight in ICAP | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 6.57% | 7.35% | 0.78% |
| LMTLockheed Martin Corp | 6.33% | 0.48% | 5.85% |
| XOMExxon Mobil Corp. | 2.64% | 2.63% | 0.01% |
| MRKMerck & Company Inc | 3.00% | 1.31% | 1.69% |
| LENLennar Corp. Class A | 3.92% | 0.07% | 3.85% |
| JPMJpmorgan Chase | 0.00% | 3.82% | 3.82% |
| CVXChevron Corp | 2.27% | 1.48% | 0.79% |
| NEENextera Energy Inc | 2.88% | 0.74% | 2.14% |
| BACBank of America Corp.: Financials | 1.46% | 1.66% | 0.20% |
| APOAthene (Ath) / Apollo Global Management (Apo) | 2.60% | 0.21% | 2.39% |
31.3% of VYM is already inside ICAP.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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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, by $243 a year on a $10,000 investment.
Which performed better, ICAP or VYM?
Over the past year ICAP returned +13.34% vs +15.94% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ICAP or VYM?
ICAP has been the more volatile fund at 19.3% annualized versus 13.7% for VYM. Worst drawdown: ICAP -24.2% vs VYM -15.8%.
Should I hold both ICAP and VYM?
ICAP and VYM have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ICAP and VYM?
At least 31.3% of VYM's money is in holdings ICAP also owns. Our book for ICAP is partial, so the real figure is this or higher. They hold 34 positions in common, counted across the 82 positions we hold weights for in ICAP and 557 in VYM.
Which pays a higher dividend, ICAP or VYM?
ICAP yields 10.94% while VYM yields 2.22%, so ICAP currently pays the higher dividend yield.
Is VYM better than ICAP?
VYM has a lower expense ratio. ICAP led over 3Y, VYM over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.