PJFM vs VYM
PGIM Jennison Focused Mid-Cap 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 616 holdings.
Side-by-Side Comparison
| Metric | PJFM | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.04% | |
| AUM | $21M | $81.6B | |
| Dividend Yield | 0.58% | 2.24% | |
| Holdings | 45 | 616 | |
| YTD Return | +8.42% | +15.75% | |
| 1Y Return | +14.21% | +23.85% | |
| 3Y Return (annualized) | - | +19.14% | |
| 5Y Return (annualized) | - | +12.45% | |
| Volatility (annualized) | 15.5% | 14.6% | |
| Max Drawdown | -22.8% | -58.8% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 14, 2023 | Nov 10, 2006 |
PJFM vs VYM Performance
PGIM Jennison Focused Mid-Cap ETF (PJFM) is a ETF from PGIM Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PJFM returned +14.21% while VYM returned +23.85%. Year to date, PJFM is up 8.42% versus a gain of 15.75% for VYM.
Risk: Volatility and Drawdowns
PJFM has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -22.8% for PJFM 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 0.79. 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 2.24% for VYM.
Holdings Overlap
PJFM and VYM share 8 holdings out of 642 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $45 per year of difference.
Which performed better, PJFM or VYM?
Over the past year PJFM returned +14.21% vs +23.85% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), PJFM annualized +11.66% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, PJFM or VYM?
PJFM has been the more volatile fund at 15.5% annualized versus 14.6% for VYM. Worst drawdown: PJFM -22.8% vs VYM -58.8%.
Should I hold both PJFM and VYM?
PJFM and VYM have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PJFM and VYM?
PJFM and VYM share 8 common holdings with a 0.7% weight overlap. Combined, they hold 642 unique securities.
Which pays a higher dividend, PJFM or VYM?
PJFM yields 0.58% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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