PJFM vs VYM
PGIM Jennison Focused Mid-Cap ETF vs Vanguard High Dividend Yield ETF
Which is better, PJFM or VYM?
Mid Cap Blend against Large Cap Value.
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 32.7%.
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 | PJFM | VYM |
|---|---|---|
| Expense Ratio | 0.49% | 0.04%Best |
| AUM | $20M | $81.6B |
| Dividend Yield | 0.58% | 2.22% |
| Holdings | 51 | 613 |
| YTD Return | +6.44% | +13.75%Best |
| 1Y Return | +10.29% | +19.42%Best |
| 3Y Return (annualized) | - | +18.22% |
| 5Y Return (annualized) | - | +12.17% |
| Volatility (annualized) | 15.3% | 10.1%Best |
| Max Drawdown | -22.8% | -14.5%Best |
| $10,000 over 2.7 years | $13,136 | $15,563Best |
| Top 10 Weight | 32.7% | 25.9%Best |
| Fund Family | PGIM Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Dec 14, 2023 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Dec 19, 2023 to Sep 9, 2026 (2.7 years).
PJFM 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 2.7 years both funds cover.
PJFM vs VYM Performance
PGIM Jennison Focused Mid-Cap ETF (PJFM) is an ETF from PGIM Investments and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PJFM returned +10.29% while VYM returned +19.42%. Year to date, PJFM is up 6.44% versus a gain of 13.75% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJFM has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 10.1% 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 -22.8% for PJFM 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PJFM charges 0.49% per year while VYM charges 0.04%. On a $10,000 position that is $49 vs $4 annually, a gap of $45 per year that compounds over a long holding period. On income, PJFM currently yields 0.58% against 2.22% for VYM.
Holdings Overlap
28.1% of PJFM's money is in holdings VYM also owns. 0.7% of VYM's money is in holdings PJFM also owns.
PJFM and VYM share little of their money.
The two holdings books were reported 64 days apart, PJFM as of Sep 2, 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.
11 positions in common, counted across the 50 positions we hold weights for in PJFM and 603 in VYM, against full books of 51 and 613.
What only one of them owns
Our book lists 557 positions for VYM that do not appear in our book for PJFM (96.8% of the fund), and 33 for PJFM that do not appear in VYM (57.5%).
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 PJFM | Weight in VYM | Difference |
|---|---|---|---|
| NINisource Inc. | 4.43% | 0.09% | 4.34% |
| AXSAxis Capital Holdings, Ltd. | 3.18% | 0.03% | 3.15% |
| WTFCWintrust Financial Corp | 3.14% | 0.04% | 3.10% |
| MCHPMicrochip Technology Inc. | 2.90% | 0.20% | 2.70% |
| OASChord Energy Corp | 2.66% | 0.03% | 2.63% |
| CMSCms Energy Corp. | 2.56% | 0.10% | 2.46% |
| EWBCEast West Bancorp, Inc. | 2.49% | 0.07% | 2.42% |
| PRCentennial Resource Development Inc/de | 2.43% | 0.06% | 2.37% |
| LNCLincoln National Corp. | 1.53% | 0.03% | 1.50% |
| RLRalph Lauren Corp. Class A | 1.36% | 0.06% | 1.30% |
28.1% of PJFM 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, PJFM or VYM?
PJFM has an expense ratio of 0.49% while VYM charges 0.04%. VYM is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, PJFM or VYM?
Over the past year PJFM returned +10.29% vs +19.42% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJFM or VYM?
PJFM has been the more volatile fund at 15.3% annualized versus 10.1% for VYM. Worst drawdown: PJFM -22.8% vs VYM -14.5%.
Should I hold both PJFM and VYM?
PJFM and VYM have a monthly-return correlation of 0.78, 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 PJFM and VYM?
28.1% of PJFM's money is in holdings VYM also owns. 0.7% of VYM's is in holdings PJFM also owns. They hold 11 positions in common, counted across the 50 positions we hold weights for in PJFM and 603 in VYM.
Which pays a higher dividend, PJFM or VYM?
PJFM yields 0.58% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than PJFM?
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 32.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.