MVV vs VYM
ProShares Ultra MidCap400 vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. MVV delivered stronger 1-year returns. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | MVV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.04% | |
| AUM | $151M | $81.6B | |
| Dividend Yield | 0.69% | 2.24% | |
| Holdings | 411 | 613 | |
| YTD Return | +19.10% | +14.18% | |
| 1Y Return | +25.17% | +20.67% | |
| 3Y Return (annualized) | +18.27% | +18.47% | |
| 5Y Return (annualized) | +5.49% | +12.01% | |
| Volatility (annualized) | 36.6% | 14.5% | |
| Max Drawdown | -86.3% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 19, 2006 | Nov 10, 2006 |
MVV vs VYM Performance
ProShares Ultra MidCap400 (MVV) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year MVV returned +25.17% while VYM returned +20.67%. Year to date, MVV is up 19.10% versus a gain of 14.18% for VYM.
Over three years, MVV compounded at +18.27% per year against +18.47% for VYM; over five years the annualized figures are +5.49% and +12.01% respectively. Across the full 20-year window we track, MVV has the edge at +10.33% annualized vs +6.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVV has been the more volatile fund, with annualized monthly volatility of 36.6% compared with 14.5% 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 -86.3% for MVV 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MVV charges 0.95% per year while VYM charges 0.04%. On a $10,000 position that is $95 vs $4 annually, a gap of $91 per year that compounds over a long holding period. On income, MVV currently yields 0.69% against 2.24% for VYM.
Holdings Overlap
MVV and VYM share 143 holdings out of 861 unique holdings combined, representing a 4.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MVV or VYM?
MVV has an expense ratio of 0.95% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, MVV or VYM?
Over the past year MVV returned +25.17% vs +20.67% for VYM, so MVV leads on 1-year performance. Over the longest common window we track (20 years), MVV annualized +10.33% vs +6.97% for VYM. Past performance does not guarantee future results.
Which is riskier, MVV or VYM?
MVV has been the more volatile fund at 36.6% annualized versus 14.5% for VYM. Worst drawdown: MVV -86.3% vs VYM -58.8%.
Should I hold both MVV and VYM?
MVV and VYM have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MVV and VYM?
MVV and VYM share 143 common holdings with a 4.3% weight overlap. Combined, they hold 861 unique securities.
Which pays a higher dividend, MVV or VYM?
MVV yields 0.69% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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