NZUS vs VYM
State Street SPDR MSCI USA Climate Paris Aligned ETF vs Vanguard High Dividend Yield ETF
Which is better, NZUS or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. NZUS led over 1Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 46.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NZUS | VYM |
|---|---|---|
| Expense Ratio | 0.10% | 0.04%Best |
| AUM | $3M | $81.6B |
| Dividend Yield | 0.88% | 2.22% |
| Holdings | 146 | 613 |
| Volatility (annualized) | 16.8% | 14.3%Best |
| Max Drawdown | -21.0% | -14.5%Best |
| $10,000 over 4.1 years | $17,372Best | $15,932 |
| Top 10 Weight | 46.8% | 25.9%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Apr 21, 2022 | Nov 10, 2006 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 121 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. NZUS has data through May 12, 2026 and VYM through Sep 10, 2026.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Apr 22, 2022 to May 12, 2026 (4.1 years).
Risk: Volatility and Drawdowns
NZUS has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 14.3% 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 -21.0% for NZUS and -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NZUS charges 0.10% per year while VYM charges 0.04%. On a $10,000 position that is $10 vs $4 annually, a gap of $6 per year that compounds over a long holding period. On income, NZUS currently yields 0.88% against 2.22% for VYM.
Holdings Overlap
18.8% of NZUS's money is in holdings VYM also owns. 34.3% of VYM's money is in holdings NZUS also owns.
The two portfolios partly overlap.
The two holdings books were reported 151 days apart, NZUS as of Jan 30, 2026 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
43 positions in common, counted across the 150 positions we hold weights for in NZUS and 603 in VYM, against full books of 146 and 613.
What only one of them owns
Our book lists 526 positions for VYM that do not appear in our book for NZUS (63.3% of the fund), and 104 for NZUS that do not appear in VYM (80.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NZUS | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.54% | 7.29% | 4.75% |
| JPMJpmorgan Chase & Co. | 1.49% | 3.38% | 1.89% |
| IBMInternational Business Machine... | 1.70% | 1.10% | 0.60% |
| JNJJohnson & Johnson | 0.15% | 2.54% | 2.39% |
| ABBVAbbvie Inc. | 0.69% | 1.85% | 1.16% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.55% | 1.93% | 1.38% |
| MRKMerck & Co. Inc. | 0.68% | 1.32% | 0.64% |
| TXNTexas Instruments, Inc | 0.64% | 1.13% | 0.49% |
| MCDMcdonald'S Corp | 0.92% | 0.80% | 0.12% |
| ORCLOracle Corp. | 0.64% | 1.04% | 0.40% |
34.3% of VYM is already inside NZUS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NZUS or VYM?
NZUS has an expense ratio of 0.10% while VYM charges 0.04%. VYM is the cheaper option, by $6 a year on a $10,000 investment.
Which is riskier, NZUS or VYM?
NZUS has been the more volatile fund at 16.8% annualized versus 14.3% for VYM. Worst drawdown: NZUS -21.0% vs VYM -14.5%.
Should I hold both NZUS and VYM?
NZUS and VYM have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NZUS and VYM?
34.3% of VYM's money is in holdings NZUS also owns. 34.3% of VYM's is in holdings NZUS also owns. They hold 43 positions in common, counted across the 150 positions we hold weights for in NZUS and 603 in VYM.
Which pays a higher dividend, NZUS or VYM?
NZUS yields 0.88% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than NZUS?
VYM has a lower expense ratio. NZUS led over 1Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 46.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.