JOYT vs VYM
JPMorgan Equity and Options Total Return 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 | JOYT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.04% | |
| AUM | $95M | $79.0B | |
| Dividend Yield | 0.03% | 2.86% | |
| Holdings | 117 | 568 | |
| YTD Return | +8.80% | +16.16% | |
| 1Y Return | +19.44% | +26.05% | |
| 3Y Return (annualized) | - | +18.43% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 7.4% | 14.6% | |
| Max Drawdown | -7.0% | -58.8% | |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 18, 2025 | Nov 10, 2006 |
JOYT vs VYM Performance
JPMorgan Equity and Options Total Return ETF (JOYT) is a ETF from J.P. Morgan Asset Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year JOYT returned +19.44% while VYM returned +26.05%. Year to date, JOYT is up 8.80% versus a gain of 16.16% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 7.4% for JOYT. 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 -7.0% for JOYT 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JOYT charges 0.35% per year while VYM charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, JOYT currently yields 0.03% against 2.86% for VYM.
Holdings Overlap
JOYT and VYM share 45 holdings out of 626 unique holdings combined, representing a 25.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JOYT or VYM?
JOYT has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, JOYT or VYM?
Over the past year JOYT returned +19.44% vs +26.05% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, JOYT or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 7.4% for JOYT. Worst drawdown: JOYT -7.0% vs VYM -58.8%.
Should I hold both JOYT and VYM?
JOYT and VYM have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JOYT and VYM?
JOYT and VYM share 45 common holdings with a 25.2% weight overlap. Combined, they hold 626 unique securities.
Which pays a higher dividend, JOYT or VYM?
JOYT yields 0.03% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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