PBD vs VYM
Invesco Global Clean Energy ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. PBD delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | PBD | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.04% | |
| AUM | $195M | $81.6B | |
| Dividend Yield | 1.75% | 2.24% | |
| Holdings | 124 | 616 | |
| YTD Return | +8.47% | +14.84% | |
| 1Y Return | +27.12% | +20.88% | |
| 3Y Return (annualized) | +2.83% | +18.34% | |
| 5Y Return (annualized) | -7.50% | +12.04% | |
| Volatility (annualized) | 29.3% | 14.6% | |
| Max Drawdown | -79.3% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 13, 2007 | Nov 10, 2006 |
PBD vs VYM Performance
Invesco Global Clean Energy ETF (PBD) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PBD returned +27.12% while VYM returned +20.88%. Year to date, PBD is up 8.47% versus a gain of 14.84% for VYM.
Over three years, PBD compounded at +2.83% per year against +18.34% for VYM; over five years the annualized figures are -7.50% and +12.04% respectively. Across the full 19-year window we track, VYM has the edge at +7.01% annualized vs -1.17%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBD has been the more volatile fund, with annualized monthly volatility of 29.3% 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 -79.3% for PBD 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PBD charges 0.75% per year while VYM charges 0.04%. On a $10,000 position that is $75 vs $4 annually, a gap of $71 per year that compounds over a long holding period. On income, PBD currently yields 1.75% against 2.24% for VYM.
Holdings Overlap
PBD and VYM share 4 holdings out of 709 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PBD or VYM?
PBD has an expense ratio of 0.75% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, PBD or VYM?
Over the past year PBD returned +27.12% vs +20.88% for VYM, so PBD leads on 1-year performance. Over the longest common window we track (19 years), PBD annualized -1.17% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, PBD or VYM?
PBD has been the more volatile fund at 29.3% annualized versus 14.6% for VYM. Worst drawdown: PBD -79.3% vs VYM -58.8%.
Should I hold both PBD and VYM?
PBD and VYM have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PBD and VYM?
PBD and VYM share 4 common holdings with a 0.2% weight overlap. Combined, they hold 709 unique securities.
Which pays a higher dividend, PBD or VYM?
PBD yields 1.75% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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