LBO vs VYM
WHITEWOLF Publicly Listed Private Equity 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 568 holdings.
Side-by-Side Comparison
| Metric | LBO | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 6.71% | 0.04% | |
| AUM | $7M | $79.0B | |
| Dividend Yield | 6.68% | 2.86% | |
| Holdings | 44 | 568 | |
| YTD Return | -3.03% | +16.78% | |
| 1Y Return | -10.53% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 19.3% | 14.6% | |
| Max Drawdown | -32.9% | -58.8% | |
| Fund Family | White Wolf Capital Advisors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 30, 2023 | Nov 10, 2006 |
LBO vs VYM Performance
WHITEWOLF Publicly Listed Private Equity ETF (LBO) is a ETF from White Wolf Capital Advisors and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year LBO returned -10.53% while VYM returned +24.43%. Year to date, LBO is down 3.03% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
LBO has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -32.9% for LBO 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LBO charges 6.71% per year while VYM charges 0.04%. On a $10,000 position that is $671 vs $4 annually, a gap of $667 per year that compounds over a long holding period. On income, LBO currently yields 6.68% against 2.86% for VYM.
Holdings Overlap
LBO and VYM share 8 holdings out of 593 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LBO or VYM?
LBO has an expense ratio of 6.71% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $667 per year of difference.
Which performed better, LBO or VYM?
Over the past year LBO returned -10.53% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), LBO annualized +4.28% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, LBO or VYM?
LBO has been the more volatile fund at 19.3% annualized versus 14.6% for VYM. Worst drawdown: LBO -32.9% vs VYM -58.8%.
Should I hold both LBO and VYM?
LBO and VYM have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LBO and VYM?
LBO and VYM share 8 common holdings with a 1.5% weight overlap. Combined, they hold 593 unique securities.
Which pays a higher dividend, LBO or VYM?
LBO yields 6.68% while VYM yields 2.86%, so LBO currently pays the higher dividend yield.
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