MINV vs VYM
Matthews Asia Innovators Active ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. MINV delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | MINV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.04% | |
| AUM | $161M | $79.0B | |
| Dividend Yield | 0.97% | 2.86% | |
| Holdings | 62 | 568 | |
| YTD Return | +35.86% | +16.16% | |
| 1Y Return | +53.33% | +26.05% | |
| 3Y Return (annualized) | +29.58% | +18.43% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 27.5% | 14.6% | |
| Max Drawdown | -23.5% | -58.8% | |
| Fund Family | Matthews Asia Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 13, 2022 | Nov 10, 2006 |
MINV vs VYM Performance
Matthews Asia Innovators Active ETF (MINV) is a ETF from Matthews Asia Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year MINV returned +53.33% while VYM returned +26.05%. Year to date, MINV is up 35.86% versus a gain of 16.16% for VYM.
Over three years, MINV compounded at +29.58% per year against +18.43% for VYM. Across the full 4-year window we track, MINV has the edge at +18.99% annualized vs +7.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MINV has been the more volatile fund, with annualized monthly volatility of 27.5% 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 -23.5% for MINV 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 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MINV charges 0.79% per year while VYM charges 0.04%. On a $10,000 position that is $79 vs $4 annually, a gap of $75 per year that compounds over a long holding period. On income, MINV currently yields 0.97% against 2.86% for VYM.
Holdings Overlap
MINV and VYM share 0 holdings out of 624 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, MINV or VYM?
MINV has an expense ratio of 0.79% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $75 per year of difference.
Which performed better, MINV or VYM?
Over the past year MINV returned +53.33% vs +26.05% for VYM, so MINV leads on 1-year performance. Over the longest common window we track (4 years), MINV annualized +18.99% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, MINV or VYM?
MINV has been the more volatile fund at 27.5% annualized versus 14.6% for VYM. Worst drawdown: MINV -23.5% vs VYM -58.8%.
Should I hold both MINV and VYM?
MINV and VYM have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MINV and VYM?
MINV and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 624 unique securities.
Which pays a higher dividend, MINV or VYM?
MINV yields 0.97% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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