NOVZ vs VYM
TrueShares Structured Outcome November ETF 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 | NOVZ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.04% | |
| AUM | $38M | $81.6B | |
| Dividend Yield | 3.35% | 2.24% | |
| Holdings | 17 | 616 | |
| YTD Return | +8.98% | +15.34% | |
| 1Y Return | +11.65% | +23.24% | |
| 3Y Return (annualized) | +14.72% | +19.22% | |
| 5Y Return (annualized) | +9.68% | +12.21% | |
| Volatility (annualized) | 11.7% | 14.6% | |
| Max Drawdown | -16.6% | -58.8% | |
| Fund Family | TrueShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 30, 2020 | Nov 10, 2006 |
NOVZ vs VYM Performance
TrueShares Structured Outcome November ETF (NOVZ) is a ETF from TrueShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year NOVZ returned +11.65% while VYM returned +23.24%. Year to date, NOVZ is up 8.98% versus a gain of 15.34% for VYM.
Over three years, NOVZ compounded at +14.72% per year against +19.22% for VYM; over five years the annualized figures are +9.68% and +12.21% respectively. Across the full 6-year window we track, NOVZ has the edge at +12.94% annualized vs +7.04%. 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 11.7% for NOVZ. 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 -16.6% for NOVZ 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NOVZ charges 0.79% per year while VYM charges 0.04%. On a $10,000 position that is $79 vs $4 annually, a gap of $75 per year that compounds over a long holding period. On income, NOVZ currently yields 3.35% against 2.24% for VYM.
Holdings Overlap
NOVZ and VYM share 0 holdings out of 604 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, NOVZ or VYM?
NOVZ has an expense ratio of 0.79% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $75 per year of difference.
Which performed better, NOVZ or VYM?
Over the past year NOVZ returned +11.65% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), NOVZ annualized +12.94% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, NOVZ or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 11.7% for NOVZ. Worst drawdown: NOVZ -16.6% vs VYM -58.8%.
Should I hold both NOVZ and VYM?
NOVZ and VYM have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NOVZ and VYM?
NOVZ and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, NOVZ or VYM?
NOVZ yields 3.35% while VYM yields 2.24%, so NOVZ currently pays the higher dividend yield.
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