MYY vs VYM
ProShares Short MidCap400 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 | MYY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.04% | |
| AUM | $3M | $81.6B | |
| Dividend Yield | 4.28% | 2.24% | |
| Holdings | 6 | 616 | |
| YTD Return | -11.35% | +15.34% | |
| 1Y Return | -15.02% | +23.24% | |
| 3Y Return (annualized) | -10.34% | +19.22% | |
| 5Y Return (annualized) | -6.48% | +12.21% | |
| Volatility (annualized) | 18.0% | 14.6% | |
| Max Drawdown | -96.0% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 19, 2006 | Nov 10, 2006 |
MYY vs VYM Performance
ProShares Short MidCap400 (MYY) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year MYY returned -15.02% while VYM returned +23.24%. Year to date, MYY is down 11.35% versus a gain of 15.34% for VYM.
Over three years, MYY compounded at -10.34% per year against +19.22% for VYM; over five years the annualized figures are -6.48% and +12.21% respectively. Across the full 20-year window we track, VYM has the edge at +7.04% annualized vs -12.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MYY has been the more volatile fund, with annualized monthly volatility of 18.0% 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 -96.0% for MYY 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 -0.86. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MYY 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, MYY currently yields 4.28% against 2.24% for VYM.
Frequently Asked Questions
Which is cheaper, MYY or VYM?
MYY 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, MYY or VYM?
Over the past year MYY returned -15.02% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), MYY annualized -12.79% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, MYY or VYM?
MYY has been the more volatile fund at 18.0% annualized versus 14.6% for VYM. Worst drawdown: MYY -96.0% vs VYM -58.8%.
Should I hold both MYY and VYM?
MYY and VYM have a monthly-return correlation of -0.86, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, MYY or VYM?
MYY yields 4.28% while VYM yields 2.24%, so MYY currently pays the higher dividend yield.
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