IMFL vs VYM
Invesco International Developed Dynamic Multifactor ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. IMFL delivered stronger 1-year returns. IMFL offers more diversification with 852 holdings.
Side-by-Side Comparison
| Metric | IMFL | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.04% | |
| AUM | $1.0B | $79.0B | |
| Dividend Yield | 2.89% | 2.86% | |
| Holdings | 887 | 568 | |
| YTD Return | +15.43% | +15.80% | |
| 1Y Return | +28.62% | +26.12% | |
| 3Y Return (annualized) | +16.04% | +18.25% | |
| 5Y Return (annualized) | +8.56% | +12.51% | |
| Volatility (annualized) | 15.9% | 14.6% | |
| Max Drawdown | -33.3% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 24, 2021 | Nov 10, 2006 |
IMFL vs VYM Performance
Invesco International Developed Dynamic Multifactor ETF (IMFL) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year IMFL returned +28.62% while VYM returned +26.12%. Year to date, IMFL is up 15.43% versus a gain of 15.80% for VYM.
Over three years, IMFL compounded at +16.04% per year against +18.25% for VYM; over five years the annualized figures are +8.56% and +12.51% respectively. Across the full 5-year window we track, IMFL has the edge at +9.27% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IMFL has been the more volatile fund, with annualized monthly volatility of 15.9% 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 -33.3% for IMFL 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IMFL charges 0.34% per year while VYM charges 0.04%. On a $10,000 position that is $34 vs $4 annually, a gap of $30 per year that compounds over a long holding period. On income, IMFL currently yields 2.89% against 2.86% for VYM.
Holdings Overlap
IMFL and VYM share 0 holdings out of 1410 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, IMFL or VYM?
IMFL has an expense ratio of 0.34% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, IMFL or VYM?
Over the past year IMFL returned +28.62% vs +26.12% for VYM, so IMFL leads on 1-year performance. Over the longest common window we track (5 years), IMFL annualized +9.27% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, IMFL or VYM?
IMFL has been the more volatile fund at 15.9% annualized versus 14.6% for VYM. Worst drawdown: IMFL -33.3% vs VYM -58.8%.
Should I hold both IMFL and VYM?
IMFL and VYM have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IMFL and VYM?
IMFL and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1410 unique securities.
Which pays a higher dividend, IMFL or VYM?
IMFL yields 2.89% while VYM yields 2.86%, so IMFL currently pays the higher dividend yield.
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