IMVP vs VYM
Invesco India 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 | IMVP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.78% | 0.04% | |
| AUM | $123M | $79.0B | |
| Dividend Yield | 11.28% | 2.86% | |
| Holdings | 38 | 568 | |
| YTD Return | -14.84% | +16.53% | |
| 1Y Return | -12.00% | +25.03% | |
| 3Y Return (annualized) | +2.25% | +18.54% | |
| 5Y Return (annualized) | +2.32% | +12.25% | |
| Volatility (annualized) | 24.6% | 14.6% | |
| Max Drawdown | -77.1% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 5, 2008 | Nov 10, 2006 |
IMVP vs VYM Performance
Invesco India ETF (IMVP) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year IMVP returned -12.00% while VYM returned +25.03%. Year to date, IMVP is down 14.84% versus a gain of 16.53% for VYM.
Over three years, IMVP compounded at +2.25% per year against +18.54% for VYM; over five years the annualized figures are +2.32% and +12.25% respectively. Across the full 18-year window we track, VYM has the edge at +7.10% annualized vs +1.30%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IMVP has been the more volatile fund, with annualized monthly volatility of 24.6% 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 -77.1% for IMVP 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IMVP charges 0.78% per year while VYM charges 0.04%. On a $10,000 position that is $78 vs $4 annually, a gap of $74 per year that compounds over a long holding period. On income, IMVP currently yields 11.28% against 2.86% for VYM.
Holdings Overlap
IMVP and VYM share 0 holdings out of 587 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, IMVP or VYM?
IMVP has an expense ratio of 0.78% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, IMVP or VYM?
Over the past year IMVP returned -12.00% vs +25.03% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (18 years), IMVP annualized +1.30% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, IMVP or VYM?
IMVP has been the more volatile fund at 24.6% annualized versus 14.6% for VYM. Worst drawdown: IMVP -77.1% vs VYM -58.8%.
Should I hold both IMVP and VYM?
IMVP and VYM have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IMVP and VYM?
IMVP and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 587 unique securities.
Which pays a higher dividend, IMVP or VYM?
IMVP yields 11.28% while VYM yields 2.86%, so IMVP currently pays the higher dividend yield.
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