IVOO vs VYM
Vanguard S&P Mid-Cap 400 ETF vs Vanguard High Dividend Yield ETF
Which is better, IVOO or VYM?
Mid Cap Blend against Large Cap Value.
VYM has a lower expense ratio. IVOO led over the full window, VYM over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.90. IVOO is less concentrated, with 7.4% of the fund in its ten largest positions against 26.1%.
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 | IVOO | VYM |
|---|---|---|
| Expense Ratio | 0.07% | 0.04%Best |
| AUM | $3.8B | $81.6B |
| Dividend Yield | 1.18% | 2.22% |
| Holdings | 408 | 613 |
| YTD Return | +10.34% | +12.87%Best |
| 1Y Return | +13.18% | +17.25%Best |
| 3Y Return (annualized) | +14.28% | +17.66%Best |
| 5Y Return (annualized) | +7.85% | +11.98%Best |
| Volatility (annualized) | 16.9% | 12.9%Best |
| Max Drawdown | -42.5% | -35.7%Best |
| $10,000 over 5 years | $14,592 | $17,608Best |
| Top 10 Weight | 7.4%Best | 26.1% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Sep 7, 2010 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 15, 2026 (16 years).
IVOO 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 16 years both funds cover.
IVOO vs VYM Performance
Vanguard S&P Mid-Cap 400 ETF (IVOO) is an ETF from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year IVOO returned +13.18% while VYM returned +17.25%. Year to date, IVOO is up 10.34% versus a gain of 12.87% for VYM.
Over three years, IVOO compounded at +14.28% per year against +17.66% for VYM; over five years the annualized figures are +7.85% and +11.98% respectively. Across the full 16-year window we track, IVOO has the edge at +11.00% annualized vs +10.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVOO has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 12.9% 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 -42.5% for IVOO 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVOO charges 0.07% per year while VYM charges 0.04%. On a $10,000 position that is $7 vs $4 annually, a gap of $3 per year that compounds over a long holding period. On income, IVOO currently yields 1.18% against 2.22% for VYM.
Holdings Overlap
29.8% of IVOO's money is in holdings VYM also owns. 4.4% of VYM's money is in holdings IVOO also owns.
IVOO and VYM share little of their money.
138 positions in common, counted across the 395 positions we hold weights for in IVOO and 557 in VYM, against full books of 408 and 613.
What only one of them owns
Our book lists 390 positions for VYM that do not appear in our book for IVOO (92.7% of the fund), and 249 for IVOO that do not appear in VYM (65.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVOO | Weight in VYM | Difference |
|---|---|---|---|
| RSReliance Steel & Aluminum Co. | 0.58% | 0.08% | 0.50% |
| EWBCEast West Bancorp, Inc. | 0.50% | 0.07% | 0.43% |
| OVVOvintiv Inc. | 0.48% | 0.07% | 0.41% |
| PRPermian Resource | 0.47% | 0.07% | 0.40% |
| PNFPPinnacle Financial Partners In Common Stock Usd1.0 | 0.44% | 0.06% | 0.38% |
| RGAReinsurance Group of America, Incorporated | 0.43% | 0.06% | 0.37% |
| DTMDT Midstream Inc | 0.39% | 0.06% | 0.33% |
| DINOHF Sinclair Corp | 0.39% | 0.06% | 0.33% |
| RPMRpm International Inc | 0.38% | 0.05% | 0.33% |
| TXRHTexas Roadhouse Inc | 0.38% | 0.05% | 0.33% |
29.8% of IVOO is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVOO or VYM?
IVOO has an expense ratio of 0.07% while VYM charges 0.04%. VYM is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, IVOO or VYM?
Over the past year IVOO returned +13.18% vs +17.25% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (16 years), IVOO annualized +11.00% vs +10.53% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVOO or VYM?
IVOO has been the more volatile fund at 16.9% annualized versus 12.9% for VYM. Worst drawdown: IVOO -42.5% vs VYM -35.7%.
Should I hold both IVOO and VYM?
IVOO and VYM have a monthly-return correlation of 0.90, 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 IVOO and VYM?
29.8% of IVOO's money is in holdings VYM also owns. 4.4% of VYM's is in holdings IVOO also owns. They hold 138 positions in common, counted across the 395 positions we hold weights for in IVOO and 557 in VYM.
Which pays a higher dividend, IVOO or VYM?
IVOO yields 1.18% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than IVOO?
VYM has a lower expense ratio. IVOO led over the full window, VYM over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.90. IVOO is less concentrated, with 7.4% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.