OBOR vs VYM
KraneShares MSCI One Belt One Road Index 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 558 holdings.
Side-by-Side Comparison
| Metric | OBOR | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.04% | |
| AUM | $4M | $79.0B | |
| Dividend Yield | 1.96% | 2.86% | |
| Holdings | 127 | 568 | |
| YTD Return | +3.23% | +16.10% | |
| 1Y Return | +15.63% | +25.99% | |
| 3Y Return (annualized) | +11.57% | +18.29% | |
| 5Y Return (annualized) | +1.20% | +12.35% | |
| Volatility (annualized) | 16.4% | 14.6% | |
| Max Drawdown | -41.5% | -58.8% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2017 | Nov 10, 2006 |
OBOR vs VYM Performance
KraneShares MSCI One Belt One Road Index ETF (OBOR) is a ETF from KraneShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year OBOR returned +15.63% while VYM returned +25.99%. Year to date, OBOR is up 3.23% versus a gain of 16.10% for VYM.
Over three years, OBOR compounded at +11.57% per year against +18.29% for VYM; over five years the annualized figures are +1.20% and +12.35% respectively. Across the full 9-year window we track, VYM has the edge at +7.08% annualized vs +3.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OBOR has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -41.5% for OBOR 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OBOR 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, OBOR currently yields 1.96% against 2.86% for VYM.
Holdings Overlap
OBOR and VYM share 1 holdings out of 675 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in OBOR | Weight in VYM | Difference |
|---|---|---|---|
| ZIM:IL | 0.93% | 0.02% | 0.91% |
Frequently Asked Questions
Which is cheaper, OBOR or VYM?
OBOR 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, OBOR or VYM?
Over the past year OBOR returned +15.63% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (9 years), OBOR annualized +3.74% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, OBOR or VYM?
OBOR has been the more volatile fund at 16.4% annualized versus 14.6% for VYM. Worst drawdown: OBOR -41.5% vs VYM -58.8%.
Should I hold both OBOR and VYM?
OBOR and VYM have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OBOR and VYM?
OBOR and VYM share 1 common holdings with a 0.0% weight overlap. Combined, they hold 675 unique securities.
Which pays a higher dividend, OBOR or VYM?
OBOR yields 1.96% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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