MMT vs VYM
MFS Multimarket Income Trust vs Vanguard High Dividend Yield ETF
Which is better, MMT or VYM?
Diversified Sectoral Bond 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 | MMT | VYM |
|---|---|---|
| Expense Ratio | 1.17% | 0.04%Best |
| AUM | $266M | $81.6B |
| Dividend Yield | 8.69% | 2.22% |
| Holdings | 920 | 613 |
| YTD Return | -0.97% | +13.91%Best |
| 1Y Return | -1.70% | +17.57%Best |
| 3Y Return (annualized) | +8.61% | +18.12%Best |
| 5Y Return (annualized) | +0.08% | +12.17%Best |
| Volatility (annualized) | 11.0%Best | 14.5% |
| Max Drawdown | -47.5%Best | -58.8% |
| $10,000 over 5 years | $10,040 | $17,758Best |
| Fund Family | MFS Investment Management | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Diversified Sectoral Bond | Large Cap Value |
| Inception | Mar 12, 1987 | 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 11, 2026 (19.8 years).
MMT 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.
MMT vs VYM Performance
MFS Multimarket Income Trust (MMT) is an ETF from MFS Investment Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year MMT returned -1.70% while VYM returned +17.57%. Year to date, MMT is down 0.97% versus a gain of 13.91% for VYM.
Over three years, MMT compounded at +8.61% per year against +18.12% for VYM; over five years the annualized figures are +0.08% and +12.17% respectively. Across the full 20-year window we track, VYM has the edge at +6.95% annualized vs +0.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 11.0% for MMT. 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 -47.5% for MMT 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 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MMT charges 1.17% per year while VYM charges 0.04%. On a $10,000 position that is $117 vs $4 annually, a gap of $113 per year that compounds over a long holding period. On income, MMT currently yields 8.69% against 2.22% for VYM.
Holdings Overlap
At least 0.3% of VYM's money is in holdings MMT also owns.
Stated as a floor: for MMT, our book for it covers 88.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 150 days apart, MMT as of Jan 31, 2026 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 547 positions we hold weights for in MMT and 603 in VYM, against full books of 920 and 613.
Top Shared Holdings
| Stock | Weight in MMT | Weight in VYM | Difference |
|---|---|---|---|
| TMUST-Mobile Usa, Inc. 3.875% 15-Apr-2030 | 0.04% | 0.34% | 0.30% |
You are not choosing between two funds in isolation.
Whichever of MMT 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, MMT or VYM?
MMT has an expense ratio of 1.17% while VYM charges 0.04%. VYM is the cheaper option, by $113 a year on a $10,000 investment.
Which performed better, MMT or VYM?
Over the past year MMT returned -1.70% vs +17.57% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), MMT annualized +0.80% vs +6.95% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MMT or VYM?
VYM has been the more volatile fund at 14.5% annualized versus 11.0% for MMT. Worst drawdown: MMT -47.5% vs VYM -58.8%.
Should I hold both MMT and VYM?
MMT and VYM have a monthly-return correlation of 0.60, 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, MMT or VYM?
MMT yields 8.69% while VYM yields 2.22%, so MMT currently pays the higher dividend yield.
Is VYM better than MMT?
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.