IQHI vs VYM
NYLI MacKay High 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 616 holdings.
Side-by-Side Comparison
| Metric | IQHI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.41% | 0.04% | |
| AUM | $113M | $81.6B | |
| Dividend Yield | 8.03% | 2.24% | |
| Holdings | 350 | 616 | |
| YTD Return | +2.74% | +15.34% | |
| 1Y Return | +6.30% | +23.24% | |
| 3Y Return (annualized) | +7.99% | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 4.9% | 14.6% | |
| Max Drawdown | -4.7% | -58.8% | |
| Fund Family | New York Life Investments | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 24, 2022 | Nov 10, 2006 |
IQHI vs VYM Performance
NYLI MacKay High Income ETF (IQHI) is a ETF from New York Life Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year IQHI returned +6.30% while VYM returned +23.24%. Year to date, IQHI is up 2.74% versus a gain of 15.34% for VYM.
Over three years, IQHI compounded at +7.99% per year against +19.22% for VYM. Across the full 4-year window we track, IQHI has the edge at +8.37% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 4.9% for IQHI. 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 -4.7% for IQHI 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IQHI charges 0.41% per year while VYM charges 0.04%. On a $10,000 position that is $41 vs $4 annually, a gap of $37 per year that compounds over a long holding period. On income, IQHI currently yields 8.03% against 2.24% for VYM.
Holdings Overlap
IQHI and VYM share 1 holdings out of 866 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IQHI | Weight in VYM | Difference |
|---|---|---|---|
| PFSI 4.25 02/15/29 1 | 0.18% | 0.01% | 0.17% |
Frequently Asked Questions
Which is cheaper, IQHI or VYM?
IQHI has an expense ratio of 0.41% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IQHI or VYM?
Over the past year IQHI returned +6.30% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), IQHI annualized +8.37% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, IQHI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 4.9% for IQHI. Worst drawdown: IQHI -4.7% vs VYM -58.8%.
Should I hold both IQHI and VYM?
IQHI and VYM have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IQHI and VYM?
IQHI and VYM share 1 common holdings with a 0.0% weight overlap. Combined, they hold 866 unique securities.
Which pays a higher dividend, IQHI or VYM?
IQHI yields 8.03% while VYM yields 2.24%, so IQHI currently pays the higher dividend yield.
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