KVLE vs VYM
KraneShares Value Line Dynamic Dividend Equity Index ETF vs Vanguard High Dividend Yield ETF
Which is better, KVLE or VYM?
VYM has been ahead.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. KVLE is less concentrated, with 23.6% 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 | KVLE | VYM |
|---|---|---|
| Expense Ratio | 0.56% | 0.04%Best |
| AUM | $40M | $83.1B |
| Dividend Yield | 7.25% | 2.22% |
| Holdings | 166 | 608 |
| YTD Return | +10.02%Best | +9.22% |
| 1Y Return | +8.51% | +12.81%Best |
| 3Y Return (annualized) | +16.49% | +18.21%Best |
| 5Y Return (annualized) | +10.26% | +11.39%Best |
| Volatility (annualized) | 13.7% | 13.3%Best |
| Max Drawdown | -18.4% | -15.8%Best |
| $10,000 over 5 years | $16,296 | $17,149Best |
| Top 10 Weight | 23.6%Best | 26.1% |
| Fund Family | KraneShares | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 24, 2020 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 24, 2020 to Oct 1, 2026 (5.9 years).
KVLE 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 5.9 years both funds cover.
KVLE vs VYM Performance
KraneShares Value Line Dynamic Dividend Equity Index ETF (KVLE) is an ETF from KraneShares and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year KVLE returned +8.51% while VYM returned +12.81%. Year to date, KVLE is up 10.02% versus a gain of 9.22% for VYM.
Over three years, KVLE compounded at +16.49% per year against +18.21% for VYM; over five years the annualized figures are +10.26% and +11.39% respectively. Across the full 6-year window we track, VYM has the edge at +12.70% annualized vs +11.73%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KVLE has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 13.3% 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 -18.4% for KVLE and -15.8% 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
KVLE charges 0.56% per year while VYM charges 0.04%. On a $10,000 position that is $56 vs $4 annually, a gap of $52 per year that compounds over a long holding period. On income, KVLE currently yields 7.25% against 2.22% for VYM.
Holdings Overlap
64.4% of KVLE's money is in holdings VYM also owns. 35.3% of VYM's money is in holdings KVLE also owns.
The two portfolios partly overlap.
The two holdings books were reported 46 days apart, KVLE as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
56 positions in common, counted across the 81 positions we hold weights for in KVLE and 557 in VYM, against full books of 166 and 608.
What only one of them owns
Our book lists 473 positions for VYM that do not appear in our book for KVLE (61.8% of the fund), and 24 for KVLE that do not appear in VYM (33.8%).
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 KVLE | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 3.01% | 7.35% | 4.34% |
| JPMJpmorgan Chase | 1.08% | 3.82% | 2.74% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.99% | 1.86% | 0.13% |
| GSGoldman Sachs Group Inc/The | 1.87% | 1.13% | 0.74% |
| CVXChevron Corp | 1.45% | 1.48% | 0.03% |
| TXNTexas Instrument Inc | 1.80% | 1.02% | 0.78% |
| HDHome Depot Inc/The | 1.35% | 1.34% | 0.01% |
| UNHUnitedhealth Group Incorporated | 1.17% | 1.52% | 0.35% |
| PMPhilip Morris International Inc. | 1.43% | 1.21% | 0.22% |
| CATCaterpillar, Inc. | 1.10% | 1.50% | 0.40% |
64.4% of KVLE 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.
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Frequently Asked Questions
Which is cheaper, KVLE or VYM?
KVLE has an expense ratio of 0.56% while VYM charges 0.04%. VYM is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, KVLE or VYM?
Over the past year KVLE returned +8.51% vs +12.81% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), KVLE annualized +11.73% vs +12.70% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KVLE or VYM?
KVLE has been the more volatile fund at 13.7% annualized versus 13.3% for VYM. Worst drawdown: KVLE -18.4% vs VYM -15.8%.
Should I hold both KVLE and VYM?
KVLE and VYM have a monthly-return correlation of 0.93, 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 KVLE and VYM?
64.4% of KVLE's money is in holdings VYM also owns. 35.3% of VYM's is in holdings KVLE also owns. They hold 56 positions in common, counted across the 81 positions we hold weights for in KVLE and 557 in VYM.
Which pays a higher dividend, KVLE or VYM?
KVLE yields 7.25% while VYM yields 2.22%, so KVLE currently pays the higher dividend yield.
Is VYM better than KVLE?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. KVLE is less concentrated, with 23.6% 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.