PJFV vs VYM
PGIM Jennison Focused Value ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. PJFV delivered stronger 1-year returns. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | PJFV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.04% | |
| AUM | $147M | $81.6B | |
| Dividend Yield | 0.57% | 2.24% | |
| Holdings | 39 | 613 | |
| YTD Return | +20.64% | +15.29% | |
| 1Y Return | +31.71% | +22.23% | |
| 3Y Return (annualized) | +24.57% | +18.81% | |
| 5Y Return (annualized) | - | +12.14% | |
| Volatility (annualized) | 11.8% | 14.5% | |
| Max Drawdown | -18.1% | -58.8% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 12, 2022 | Nov 10, 2006 |
PJFV vs VYM Performance
PGIM Jennison Focused Value ETF (PJFV) is a ETF from PGIM Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PJFV returned +31.71% while VYM returned +22.23%. Year to date, PJFV is up 20.64% versus a gain of 15.29% for VYM.
Over three years, PJFV compounded at +24.57% per year against +18.81% for VYM. Across the full 4-year window we track, PJFV has the edge at +21.77% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 11.8% for PJFV. 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 -18.1% for PJFV 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PJFV charges 0.33% per year while VYM charges 0.04%. On a $10,000 position that is $33 vs $4 annually, a gap of $29 per year that compounds over a long holding period. On income, PJFV currently yields 0.57% against 2.24% for VYM.
Holdings Overlap
PJFV and VYM share 15 holdings out of 623 unique holdings combined, representing a 14.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PJFV or VYM?
PJFV has an expense ratio of 0.33% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, PJFV or VYM?
Over the past year PJFV returned +31.71% vs +22.23% for VYM, so PJFV leads on 1-year performance. Over the longest common window we track (4 years), PJFV annualized +21.77% vs +7.02% for VYM. Past performance does not guarantee future results.
Which is riskier, PJFV or VYM?
VYM has been the more volatile fund at 14.5% annualized versus 11.8% for PJFV. Worst drawdown: PJFV -18.1% vs VYM -58.8%.
Should I hold both PJFV and VYM?
PJFV and VYM have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between PJFV and VYM?
PJFV and VYM share 15 common holdings with a 14.7% weight overlap. Combined, they hold 623 unique securities.
Which pays a higher dividend, PJFV or VYM?
PJFV yields 0.57% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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