MYN vs VYM
BlackRock MuniYield New York Quality Fund, Inc vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | MYN | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 3.44% | 0.04% | |
| AUM | $1.0B | $81.6B | |
| Dividend Yield | 5.79% | 2.24% | |
| Holdings | 251 | 616 | |
| YTD Return | +3.14% | +16.42% | |
| 1Y Return | +11.70% | +24.22% | |
| 3Y Return (annualized) | +6.25% | +19.03% | |
| 5Y Return (annualized) | -2.43% | +12.21% | |
| Volatility (annualized) | 12.0% | 14.6% | |
| Max Drawdown | -57.9% | -58.8% | |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Feb 28, 1992 | Nov 10, 2006 |
MYN vs VYM Performance
BlackRock MuniYield New York Quality Fund, Inc (MYN) is a ETF from BlackRock, Inc. (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year MYN returned +11.70% while VYM returned +24.22%. Year to date, MYN is up 3.14% versus a gain of 16.42% for VYM.
Over three years, MYN compounded at +6.25% per year against +19.03% for VYM; over five years the annualized figures are -2.43% and +12.21% respectively. Across the full 20-year window we track, VYM has the edge at +7.10% annualized vs -0.33%. 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 12.0% for MYN. 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 -57.9% for MYN 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MYN charges 3.44% per year while VYM charges 0.04%. On a $10,000 position that is $344 vs $4 annually, a gap of $340 per year that compounds over a long holding period. On income, MYN currently yields 5.79% against 2.24% for VYM.
Holdings Overlap
MYN and VYM share 0 holdings out of 690 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, MYN or VYM?
MYN has an expense ratio of 3.44% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $340 per year of difference.
Which performed better, MYN or VYM?
Over the past year MYN returned +11.70% vs +24.22% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), MYN annualized -0.33% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, MYN or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 12.0% for MYN. Worst drawdown: MYN -57.9% vs VYM -58.8%.
Should I hold both MYN and VYM?
MYN and VYM have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MYN and VYM?
MYN and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 690 unique securities.
Which pays a higher dividend, MYN or VYM?
MYN yields 5.79% while VYM yields 2.24%, so MYN currently pays the higher dividend yield.
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