JPO vs VYM
YieldMax JP Option Income Strategy 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 | JPO | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.19% | 0.04% | |
| AUM | $52M | $81.6B | |
| Dividend Yield | 31.09% | 2.24% | |
| Holdings | 19 | 616 | |
| YTD Return | +8.97% | +16.42% | |
| 1Y Return | +19.25% | +24.22% | |
| 3Y Return (annualized) | +17.80% | +19.03% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 15.6% | 14.6% | |
| Max Drawdown | -24.8% | -58.8% | |
| Fund Family | YieldMax ETF | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 11, 2023 | Nov 10, 2006 |
JPO vs VYM Performance
YieldMax JP Option Income Strategy ETF (JPO) is a ETF from YieldMax ETF and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year JPO returned +19.25% while VYM returned +24.22%. Year to date, JPO is up 8.97% versus a gain of 16.42% for VYM.
Over three years, JPO compounded at +17.80% per year against +19.03% for VYM. Across the full 3-year window we track, JPO has the edge at +17.80% annualized vs +7.10%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPO has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -24.8% for JPO 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPO charges 1.19% per year while VYM charges 0.04%. On a $10,000 position that is $119 vs $4 annually, a gap of $115 per year that compounds over a long holding period. On income, JPO currently yields 31.09% against 2.24% for VYM.
Holdings Overlap
JPO and VYM share 0 holdings out of 606 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, JPO or VYM?
JPO has an expense ratio of 1.19% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $115 per year of difference.
Which performed better, JPO or VYM?
Over the past year JPO returned +19.25% vs +24.22% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), JPO annualized +17.80% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, JPO or VYM?
JPO has been the more volatile fund at 15.6% annualized versus 14.6% for VYM. Worst drawdown: JPO -24.8% vs VYM -58.8%.
Should I hold both JPO and VYM?
JPO and VYM have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPO and VYM?
JPO and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, JPO or VYM?
JPO yields 31.09% while VYM yields 2.24%, so JPO currently pays the higher dividend yield.
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