NVIR vs VYM
Horizon Kinetics Energy Remediation ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. NVIR delivered stronger 1-year returns. VYM offers more diversification with 568 holdings.
Side-by-Side Comparison
| Metric | NVIR | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.04% | |
| AUM | $6M | $79.0B | |
| Dividend Yield | 0.77% | 2.86% | |
| Holdings | 41 | 568 | |
| YTD Return | +21.31% | +16.78% | |
| 1Y Return | +33.57% | +24.43% | |
| 3Y Return (annualized) | +14.91% | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 14.6% | 14.6% | |
| Max Drawdown | -22.5% | -58.8% | |
| Fund Family | Horizon Kinetics LLC | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Feb 21, 2023 | Nov 10, 2006 |
NVIR vs VYM Performance
Horizon Kinetics Energy Remediation ETF (NVIR) is a ETF from Horizon Kinetics LLC and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year NVIR returned +33.57% while VYM returned +24.43%. Year to date, NVIR is up 21.31% versus a gain of 16.78% for VYM.
Over three years, NVIR compounded at +14.91% per year against +18.60% for VYM. Across the full 4-year window we track, NVIR has the edge at +16.38% annualized vs +7.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVIR has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -22.5% for NVIR 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVIR charges 0.85% per year while VYM charges 0.04%. On a $10,000 position that is $85 vs $4 annually, a gap of $81 per year that compounds over a long holding period. On income, NVIR currently yields 0.77% against 2.86% for VYM.
Holdings Overlap
NVIR and VYM share 0 holdings out of 560 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, NVIR or VYM?
NVIR has an expense ratio of 0.85% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, NVIR or VYM?
Over the past year NVIR returned +33.57% vs +24.43% for VYM, so NVIR leads on 1-year performance. Over the longest common window we track (4 years), NVIR annualized +16.38% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, NVIR or VYM?
NVIR has been the more volatile fund at 14.6% annualized versus 14.6% for VYM. Worst drawdown: NVIR -22.5% vs VYM -58.8%.
Should I hold both NVIR and VYM?
NVIR and VYM have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVIR and VYM?
NVIR and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, NVIR or VYM?
NVIR yields 0.77% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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