LBO vs VYM
WHITEWOLF Publicly Listed Private Equity ETF vs Vanguard High Dividend Yield ETF
Which is better, LBO or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 69.5%.
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 | LBO | VYM |
|---|---|---|
| Expense Ratio | 6.53% | 0.04%Best |
| AUM | $8M | $81.6B |
| Dividend Yield | 5.83% | 2.22% |
| Holdings | 40 | 613 |
| YTD Return | -17.36% | +9.59%Best |
| 1Y Return | -18.48% | +13.66%Best |
| 3Y Return (annualized) | - | +17.87% |
| 5Y Return (annualized) | - | +11.51% |
| Volatility (annualized) | 19.9% | 10.7%Best |
| Max Drawdown | -32.9% | -14.5%Best |
| $10,000 over 2.8 years | $9,550 | $15,775Best |
| Top 10 Weight | 69.5% | 26.1%Best |
| Fund Family | White Wolf Capital Advisors | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 30, 2023 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 30, 2023 to Sep 28, 2026 (2.8 years).
LBO 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 2.8 years both funds cover.
LBO vs VYM Performance
WHITEWOLF Publicly Listed Private Equity ETF (LBO) is an ETF from White Wolf Capital Advisors and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year LBO returned -18.48% while VYM returned +13.66%. Year to date, LBO is down 17.36% versus a gain of 9.59% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LBO has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 10.7% 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 -14.5% 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 0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LBO charges 6.53% per year while VYM charges 0.04%. On a $10,000 position that is $653 vs $4 annually, a gap of $649 per year that compounds over a long holding period. On income, LBO currently yields 5.83% against 2.22% for VYM.
Holdings Overlap
45.1% of LBO's money is in holdings VYM also owns. 1.5% of VYM's money is in holdings LBO also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 38 positions we hold weights for in LBO and 557 in VYM, against full books of 40 and 613.
What only one of them owns
Our book lists 519 positions for VYM that do not appear in our book for LBO (95.6% of the fund), and 27 for LBO that do not appear in VYM (48.0%).
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 LBO | Weight in VYM | Difference |
|---|---|---|---|
| APOAthene (Ath) / Apollo Global Management (Apo) | 10.70% | 0.21% | 10.49% |
| ARESAres Management Corp A | 8.02% | 0.10% | 7.92% |
| OWLBlue Owl Capital, Inc. Class A | 7.04% | 0.03% | 7.01% |
| BLKBlackrock Inc | 4.83% | 0.68% | 4.15% |
| BXBlackstone Group Inc. Class A | 4.15% | 0.39% | 3.76% |
| CGCarlyle Group Inc. | 4.46% | 0.05% | 4.41% |
| TPGTpg Inc | 3.65% | 0.03% | 3.62% |
| STEPStepstone Group Lp | 1.33% | 0.01% | 1.32% |
| HLNEHamilton Lane Inc | 0.97% | 0.01% | 0.96% |
45.1% of LBO 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.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LBO or VYM?
LBO has an expense ratio of 6.53% while VYM charges 0.04%. VYM is the cheaper option, by $649 a year on a $10,000 investment.
Which performed better, LBO or VYM?
Over the past year LBO returned -18.48% vs +13.66% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LBO or VYM?
LBO has been the more volatile fund at 19.9% annualized versus 10.7% for VYM. Worst drawdown: LBO -32.9% vs VYM -14.5%.
Should I hold both LBO and VYM?
LBO and VYM have a monthly-return correlation of 0.44, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between LBO and VYM?
45.1% of LBO's money is in holdings VYM also owns. 1.5% of VYM's is in holdings LBO also owns. They hold 9 positions in common, counted across the 38 positions we hold weights for in LBO and 557 in VYM.
Which pays a higher dividend, LBO or VYM?
LBO yields 5.83% while VYM yields 2.22%, so LBO currently pays the higher dividend yield.
Is VYM better than LBO?
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 69.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.