MIY vs VYM
BlackRock MuniYield Michigan Quality Fund, Inc vs Vanguard High Dividend Yield ETF
Which is better, MIY or VYM?
Municipal Michigan against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window.
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 | MIY | VYM |
|---|---|---|
| Expense Ratio | 1.44% | 0.04%Best |
| AUM | $345M | $81.6B |
| Dividend Yield | 5.45% | 2.22% |
| Holdings | 145 | 613 |
| YTD Return | +8.18% | +11.47%Best |
| 1Y Return | +12.62% | +15.94%Best |
| 3Y Return (annualized) | +11.09% | +18.03%Best |
| 5Y Return (annualized) | -0.11% | +12.35%Best |
| Volatility (annualized) | 13.0%Best | 14.6% |
| Max Drawdown | -47.0%Best | -58.8% |
| $10,000 over 5 years | $9,945 | $17,901Best |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Michigan | Large Cap Value |
| Inception | Oct 30, 1992 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 21, 2026 (19.8 years).
MIY 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 19.8 years both funds cover.
MIY vs VYM Performance
BlackRock MuniYield Michigan Quality Fund, Inc (MIY) is an ETF from BlackRock, Inc. (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year MIY returned +12.62% while VYM returned +15.94%. Year to date, MIY is up 8.18% versus a gain of 11.47% for VYM.
Over three years, MIY compounded at +11.09% per year against +18.03% for VYM; over five years the annualized figures are -0.11% and +12.35% respectively. Across the full 20-year window we track, VYM has the edge at +6.82% annualized vs +0.47%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 13.0% for MIY. 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 -47.0% for MIY and -58.8% 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 0.26. They move largely independently of each other.
Fees and Cost Over Time
MIY charges 1.44% per year while VYM charges 0.04%. On a $10,000 position that is $144 vs $4 annually, a gap of $140 per year that compounds over a long holding period. On income, MIY currently yields 5.45% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 39 holdings in MIY and 557 in VYM, totalling 52.4% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 181 days apart, MIY as of Jan 31, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 39 positions we hold weights for in MIY and 557 in VYM, against full books of 145 and 613.
You are not choosing between two funds in isolation.
Whichever of MIY and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MIY or VYM?
MIY has an expense ratio of 1.44% while VYM charges 0.04%. VYM is the cheaper option, by $140 a year on a $10,000 investment.
Which performed better, MIY or VYM?
Over the past year MIY returned +12.62% vs +15.94% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), MIY annualized +0.47% vs +6.82% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MIY or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 13.0% for MIY. Worst drawdown: MIY -47.0% vs VYM -58.8%.
Should I hold both MIY and VYM?
MIY and VYM have a monthly-return correlation of 0.26, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MIY or VYM?
MIY yields 5.45% while VYM yields 2.22%, so MIY currently pays the higher dividend yield.
Is VYM better than MIY?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.