PIN vs VYM
Invesco India 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 | PIN | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.78% | 0.04% | |
| AUM | $200M | $79.0B | |
| Dividend Yield | 8.42% | 2.86% | |
| Holdings | 220 | 568 | |
| YTD Return | -2.40% | +16.53% | |
| 1Y Return | -1.28% | +25.03% | |
| 3Y Return (annualized) | +8.24% | +18.54% | |
| 5Y Return (annualized) | +6.15% | +12.25% | |
| Volatility (annualized) | 24.3% | 14.6% | |
| Max Drawdown | -80.3% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 5, 2008 | Nov 10, 2006 |
PIN vs VYM Performance
Invesco India ETF (PIN) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PIN returned -1.28% while VYM returned +25.03%. Year to date, PIN is down 2.40% versus a gain of 16.53% for VYM.
Over three years, PIN compounded at +8.24% per year against +18.54% for VYM; over five years the annualized figures are +6.15% and +12.25% respectively. Across the full 18-year window we track, VYM has the edge at +7.10% annualized vs -0.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PIN has been the more volatile fund, with annualized monthly volatility of 24.3% 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 -80.3% for PIN 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PIN charges 0.78% per year while VYM charges 0.04%. On a $10,000 position that is $78 vs $4 annually, a gap of $74 per year that compounds over a long holding period. On income, PIN currently yields 8.42% against 2.86% for VYM.
Holdings Overlap
PIN and VYM share 1 holdings out of 769 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PIN | Weight in VYM | Difference |
|---|---|---|---|
| HAL | 0.63% | 0.13% | 0.50% |
Frequently Asked Questions
Which is cheaper, PIN or VYM?
PIN has an expense ratio of 0.78% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, PIN or VYM?
Over the past year PIN returned -1.28% vs +25.03% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (18 years), PIN annualized -0.35% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, PIN or VYM?
PIN has been the more volatile fund at 24.3% annualized versus 14.6% for VYM. Worst drawdown: PIN -80.3% vs VYM -58.8%.
Should I hold both PIN and VYM?
PIN and VYM have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PIN and VYM?
PIN and VYM share 1 common holdings with a 0.1% weight overlap. Combined, they hold 769 unique securities.
Which pays a higher dividend, PIN or VYM?
PIN yields 8.42% while VYM yields 2.86%, so PIN currently pays the higher dividend yield.
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