OAKM vs VYM
Oakmark US Large Cap ETF vs Vanguard High Dividend Yield ETF
Which is better, OAKM or VYM?
VYM has been ahead.
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 35.6%.
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 | OAKM | VYM |
|---|---|---|
| Expense Ratio | 0.59% | 0.04%Best |
| AUM | $1.2B | $81.6B |
| Dividend Yield | 0.60% | 2.22% |
| Holdings | 41 | 613 |
| YTD Return | +8.33% | +13.75%Best |
| 1Y Return | +17.36% | +19.42%Best |
| 3Y Return (annualized) | - | +18.22% |
| 5Y Return (annualized) | - | +12.17% |
| Volatility (annualized) | 11.0% | 9.6%Best |
| Max Drawdown | -15.2% | -14.5%Best |
| $10,000 over 1.8 years | $12,612 | $12,820Best |
| Top 10 Weight | 35.6% | 25.9%Best |
| Fund Family | Oakmark Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 3, 2024 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 3, 2024 to Sep 9, 2026 (1.8 years).
OAKM vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
OAKM vs VYM Performance
Oakmark US Large Cap ETF (OAKM) is an ETF from Oakmark Funds and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year OAKM returned +17.36% while VYM returned +19.42%. Year to date, OAKM is up 8.33% versus a gain of 13.75% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OAKM has been the more volatile fund, with annualized monthly volatility of 11.0% compared with 9.6% 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 -15.2% for OAKM 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OAKM charges 0.59% per year while VYM charges 0.04%. On a $10,000 position that is $59 vs $4 annually, a gap of $55 per year that compounds over a long holding period. On income, OAKM currently yields 0.60% against 2.22% for VYM.
Holdings Overlap
48.3% of OAKM's money is in holdings VYM also owns. 8.5% of VYM's money is in holdings OAKM also owns.
The two portfolios partly overlap.
The two holdings books were reported 50 days apart, OAKM as of Aug 19, 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.
18 positions in common, counted across the 39 positions we hold weights for in OAKM and 603 in VYM, against full books of 41 and 613.
What only one of them owns
Our book lists 550 positions for VYM that do not appear in our book for OAKM (89.0% of the fund), and 18 for OAKM that do not appear in VYM (43.9%).
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 OAKM | Weight in VYM | Difference |
|---|---|---|---|
| BACBank of America Corp.: Financials | 3.48% | 1.56% | 1.92% |
| CCitigroup Inc. | 3.70% | 0.94% | 2.76% |
| MRKMerck & Company Inc | 3.18% | 1.32% | 1.86% |
| COFCapital One Financial Corp. | 3.55% | 0.52% | 3.03% |
| TRGPTarga Resources Corp. | 3.78% | 0.24% | 3.54% |
| STTState Street Corp. | 3.44% | 0.19% | 3.25% |
| KDPKeurig Dr Pepper Inc (kdp Us) | 3.40% | 0.18% | 3.22% |
| UNPUnion Pacific Corp | 2.88% | 0.67% | 2.21% |
| COPConocophillips Common Stock USD 0.01 | 2.99% | 0.53% | 2.46% |
| ELVElevance Health Inc | 3.11% | 0.34% | 2.77% |
48.3% of OAKM is already inside VYM.
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, OAKM or VYM?
OAKM has an expense ratio of 0.59% while VYM charges 0.04%. VYM is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, OAKM or VYM?
Over the past year OAKM returned +17.36% vs +19.42% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), OAKM annualized +13.76% vs +14.80% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OAKM or VYM?
OAKM has been the more volatile fund at 11.0% annualized versus 9.6% for VYM. Worst drawdown: OAKM -15.2% vs VYM -14.5%.
Should I hold both OAKM and VYM?
OAKM and VYM have a monthly-return correlation of 0.66, 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 OAKM and VYM?
48.3% of OAKM's money is in holdings VYM also owns. 8.5% of VYM's is in holdings OAKM also owns. They hold 18 positions in common, counted across the 39 positions we hold weights for in OAKM and 603 in VYM.
Which pays a higher dividend, OAKM or VYM?
OAKM yields 0.60% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than OAKM?
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 35.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.