KMF vs VYM
Kayne Anderson NextGen Energy & Infrastructure Inc 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 | KMF | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 3.20% | 0.04% | |
| AUM | $501M | $81.6B | |
| Dividend Yield | 0.00% | 2.24% | |
| Holdings | 39 | 616 | |
| YTD Return | +0.00% | +16.42% | |
| 1Y Return | +0.00% | +24.22% | |
| 3Y Return (annualized) | +4.81% | +19.03% | |
| 5Y Return (annualized) | +5.17% | +12.21% | |
| Volatility (annualized) | 33.2% | 14.6% | |
| Max Drawdown | -94.3% | -58.8% | |
| Fund Family | Kayne Anderson Capital Advisors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 24, 2010 | Nov 10, 2006 |
KMF vs VYM Performance
Kayne Anderson NextGen Energy & Infrastructure Inc (KMF) is a ETF from Kayne Anderson Capital Advisors and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year KMF returned +0.00% while VYM returned +24.22%. Year to date, KMF is up 0.00% versus a gain of 16.42% for VYM.
Over three years, KMF compounded at +4.81% per year against +19.03% for VYM; over five years the annualized figures are +5.17% and +12.21% respectively. Across the full 16-year window we track, VYM has the edge at +7.10% annualized vs -0.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KMF has been the more volatile fund, with annualized monthly volatility of 33.2% 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 -94.3% for KMF 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KMF charges 3.20% per year while VYM charges 0.04%. On a $10,000 position that is $320 vs $4 annually, a gap of $316 per year that compounds over a long holding period. On income, KMF currently yields 0.00% against 2.24% for VYM.
Holdings Overlap
KMF and VYM share 13 holdings out of 621 unique holdings combined, representing a 5.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, KMF or VYM?
KMF has an expense ratio of 3.20% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $316 per year of difference.
Which performed better, KMF or VYM?
Over the past year KMF returned +0.00% vs +24.22% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (16 years), KMF annualized -0.39% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, KMF or VYM?
KMF has been the more volatile fund at 33.2% annualized versus 14.6% for VYM. Worst drawdown: KMF -94.3% vs VYM -58.8%.
Should I hold both KMF and VYM?
KMF and VYM have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KMF and VYM?
KMF and VYM share 13 common holdings with a 5.5% weight overlap. Combined, they hold 621 unique securities.
Which pays a higher dividend, KMF or VYM?
KMF yields 0.00% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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