MCVT vs VYM
Miller Convertible Total Return ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | MCVT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.04% | |
| AUM | $14M | $81.6B | |
| Dividend Yield | 0.03% | 2.24% | |
| Holdings | 30 | 616 | |
| YTD Return | +12.43% | +14.84% | |
| 1Y Return | - | +20.88% | |
| 3Y Return (annualized) | - | +18.34% | |
| 5Y Return (annualized) | - | +12.04% | |
| Volatility (annualized) | - | 14.6% | |
| Max Drawdown | -2.9% | -58.8% | |
| Fund Family | The Miller Family Of Funds | Vanguard (US) | |
| Category | Convertible | Equity | |
| Inception | Mar 24, 2026 | Nov 10, 2006 |
MCVT vs VYM Performance
Miller Convertible Total Return ETF (MCVT) is a ETF from The Miller Family Of Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Year to date, MCVT is up 12.43% versus a gain of 14.84% for VYM.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.9% for MCVT and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
MCVT charges 0.85% per year while VYM charges 0.04%. On a $10,000 position that is $85 vs $4 annually, a gap of $81 per year that compounds over a long holding period. On income, MCVT currently yields 0.03% against 2.24% for VYM.
Holdings Overlap
MCVT and VYM share 0 holdings out of 614 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MCVT or VYM?
MCVT has an expense ratio of 0.85% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
What is the holdings overlap between MCVT and VYM?
MCVT and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 614 unique securities.
Which pays a higher dividend, MCVT or VYM?
MCVT yields 0.03% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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