PEZ vs VYM
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF vs Vanguard High Dividend Yield ETF
Which is better, PEZ or VYM?
Mid Cap Growth against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 41.2%.
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 | PEZ | VYM |
|---|---|---|
| Expense Ratio | 0.60% | 0.04%Best |
| AUM | $22M | $81.6B |
| Dividend Yield | 0.24% | 2.22% |
| Holdings | 47 | 613 |
| YTD Return | -9.83% | +11.47%Best |
| 1Y Return | -6.60% | +15.94%Best |
| 3Y Return (annualized) | +13.67% | +18.03%Best |
| 5Y Return (annualized) | +1.44% | +12.35%Best |
| Volatility (annualized) | 21.8% | 14.6%Best |
| Max Drawdown | -59.0% | -58.8%Best |
| $10,000 over 5 years | $10,741 | $17,901Best |
| Top 10 Weight | 41.2% | 26.1%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Value |
| Inception | Oct 12, 2006 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 21, 2026 (19.8 years).
PEZ 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 19.8 years both funds cover.
PEZ vs VYM Performance
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PEZ returned -6.60% while VYM returned +15.94%. Year to date, PEZ is down 9.83% versus a gain of 11.47% for VYM.
Over three years, PEZ compounded at +13.67% per year against +18.03% for VYM; over five years the annualized figures are +1.44% and +12.35% respectively. Across the full 20-year window we track, VYM has the edge at +6.82% annualized vs +6.69%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PEZ has been the more volatile fund, with annualized monthly volatility of 21.8% 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 -59.0% for PEZ and -58.8% 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
PEZ charges 0.60% per year while VYM charges 0.04%. On a $10,000 position that is $60 vs $4 annually, a gap of $56 per year that compounds over a long holding period. On income, PEZ currently yields 0.24% against 2.22% for VYM.
Holdings Overlap
20.3% of PEZ's money is in holdings VYM also owns. 1.1% of VYM's money is in holdings PEZ also owns.
PEZ and VYM share little of their money.
6 positions in common, counted across the 33 positions we hold weights for in PEZ and 557 in VYM, against full books of 47 and 613.
What only one of them owns
Our book lists 522 positions for VYM that do not appear in our book for PEZ (96.0% of the fund), and 27 for PEZ that do not appear in VYM (76.9%).
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.
20.3% of PEZ 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, PEZ or VYM?
PEZ has an expense ratio of 0.60% while VYM charges 0.04%. VYM is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, PEZ or VYM?
Over the past year PEZ returned -6.60% vs +15.94% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), PEZ annualized +6.69% vs +6.82% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PEZ or VYM?
PEZ has been the more volatile fund at 21.8% annualized versus 14.6% for VYM. Worst drawdown: PEZ -59.0% vs VYM -58.8%.
Should I hold both PEZ and VYM?
PEZ 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 PEZ and VYM?
20.3% of PEZ's money is in holdings VYM also owns. 1.1% of VYM's is in holdings PEZ also owns. They hold 6 positions in common, counted across the 33 positions we hold weights for in PEZ and 557 in VYM.
Which pays a higher dividend, PEZ or VYM?
PEZ yields 0.24% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than PEZ?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 41.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.