IIGD vs VYM
Invesco Investment Grade Defensive ETF vs Vanguard High Dividend Yield ETF
Which is better, IIGD or VYM?
Investment Grade Bond against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y 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 | IIGD | VYM |
|---|---|---|
| Expense Ratio | 0.13% | 0.04%Best |
| AUM | $27M | $81.6B |
| Dividend Yield | 4.25% | 2.22% |
| Holdings | 163 | 613 |
| YTD Return | -0.60% | +11.71%Best |
| 1Y Return | +0.24% | +16.24%Best |
| 3Y Return (annualized) | +4.89% | +17.24%Best |
| 5Y Return (annualized) | +1.40% | +11.86%Best |
| Volatility (annualized) | 3.7%Best | 15.5% |
| Max Drawdown | -13.1%Best | -35.7% |
| $10,000 over 5 years | $10,720 | $17,514Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Investment Grade Bond | Large Cap Value |
| Inception | Jul 25, 2018 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 7, 2018 to Sep 16, 2026 (8 years).
IIGD 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 8 years both funds cover.
IIGD vs VYM Performance
Invesco Investment Grade Defensive ETF (IIGD) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year IIGD returned +0.24% while VYM returned +16.24%. Year to date, IIGD is down 0.60% versus a gain of 11.71% for VYM.
Over three years, IIGD compounded at +4.89% per year against +17.24% for VYM; over five years the annualized figures are +1.40% and +11.86% respectively. Across the full 8-year window we track, VYM has the edge at +9.98% annualized vs +1.73%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 3.7% for IIGD. 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 -13.1% for IIGD and -35.7% 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 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IIGD charges 0.13% per year while VYM charges 0.04%. On a $10,000 position that is $13 vs $4 annually, a gap of $9 per year that compounds over a long holding period. On income, IIGD currently yields 4.25% against 2.22% for VYM.
Holdings Overlap
At least 1.9% of VYM's money is in holdings IIGD also owns.
Stated as a floor: for IIGD, our book for it covers 87.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VYM and IIGD share little of their money.
2 positions in common, counted across the 144 positions we hold weights for in IIGD and 557 in VYM, against full books of 163 and 613.
You are not choosing between two funds in isolation.
Whichever of IIGD 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, IIGD or VYM?
IIGD has an expense ratio of 0.13% while VYM charges 0.04%. VYM is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, IIGD or VYM?
Over the past year IIGD returned +0.24% vs +16.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (8 years), IIGD annualized +1.73% vs +9.98% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IIGD or VYM?
VYM has been the more volatile fund at 15.5% annualized versus 3.7% for IIGD. Worst drawdown: IIGD -13.1% vs VYM -35.7%.
Should I hold both IIGD and VYM?
IIGD and VYM have a monthly-return correlation of 0.43, 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 IIGD and VYM?
At least 1.9% of VYM's money is in holdings IIGD also owns. Our book for IIGD is partial, so the real figure is this or higher. They hold 2 positions in common, counted across the 144 positions we hold weights for in IIGD and 557 in VYM.
Which pays a higher dividend, IIGD or VYM?
IIGD yields 4.25% while VYM yields 2.22%, so IIGD currently pays the higher dividend yield.
Is VYM better than IIGD?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.