LYLD vs VYM
Cambria LargeCap Shareholder Yield ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. LYLD delivered stronger 1-year returns. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | LYLD | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.04% | |
| AUM | $9M | $81.6B | |
| Dividend Yield | 2.00% | 2.24% | |
| Holdings | 52 | 613 | |
| YTD Return | +18.94% | +14.18% | |
| 1Y Return | +23.35% | +20.67% | |
| 3Y Return (annualized) | - | +18.47% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 12.9% | 14.5% | |
| Max Drawdown | -18.6% | -58.8% | |
| Fund Family | Cambria Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 12, 2024 | Nov 10, 2006 |
LYLD vs VYM Performance
Cambria LargeCap Shareholder Yield ETF (LYLD) is a ETF from Cambria Investment Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year LYLD returned +23.35% while VYM returned +20.67%. Year to date, LYLD is up 18.94% versus a gain of 14.18% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 12.9% for LYLD. 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 -18.6% for LYLD 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LYLD charges 0.59% per year while VYM charges 0.04%. On a $10,000 position that is $59 vs $4 annually, a gap of $55 per year that compounds over a long holding period. On income, LYLD currently yields 2.00% against 2.24% for VYM.
Holdings Overlap
LYLD and VYM share 38 holdings out of 616 unique holdings combined, representing a 9.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LYLD or VYM?
LYLD has an expense ratio of 0.59% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, LYLD or VYM?
Over the past year LYLD returned +23.35% vs +20.67% for VYM, so LYLD leads on 1-year performance. Over the longest common window we track (2 years), LYLD annualized +15.83% vs +6.97% for VYM. Past performance does not guarantee future results.
Which is riskier, LYLD or VYM?
VYM has been the more volatile fund at 14.5% annualized versus 12.9% for LYLD. Worst drawdown: LYLD -18.6% vs VYM -58.8%.
Should I hold both LYLD and VYM?
LYLD and VYM have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LYLD and VYM?
LYLD and VYM share 38 common holdings with a 9.5% weight overlap. Combined, they hold 616 unique securities.
Which pays a higher dividend, LYLD or VYM?
LYLD yields 2.00% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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