PJIO vs VYM
PGIM Jennison International Opportunities 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 | PJIO | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.04% | |
| AUM | $24M | $79.0B | |
| Dividend Yield | 0.17% | 2.86% | |
| Holdings | 50 | 568 | |
| YTD Return | +6.49% | +16.78% | |
| 1Y Return | +7.58% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 19.2% | 14.6% | |
| Max Drawdown | -19.4% | -58.8% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 14, 2023 | Nov 10, 2006 |
PJIO vs VYM Performance
PGIM Jennison International Opportunities ETF (PJIO) is a ETF from PGIM Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PJIO returned +7.58% while VYM returned +24.43%. Year to date, PJIO is up 6.49% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
PJIO has been the more volatile fund, with annualized monthly volatility of 19.2% 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 -19.4% for PJIO 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PJIO charges 0.90% per year while VYM charges 0.04%. On a $10,000 position that is $90 vs $4 annually, a gap of $86 per year that compounds over a long holding period. On income, PJIO currently yields 0.17% against 2.86% for VYM.
Holdings Overlap
PJIO and VYM share 1 holdings out of 595 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 PJIO | Weight in VYM | Difference |
|---|---|---|---|
| NVT:LN | 2.88% | 0.08% | 2.80% |
Frequently Asked Questions
Which is cheaper, PJIO or VYM?
PJIO has an expense ratio of 0.90% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, PJIO or VYM?
Over the past year PJIO returned +7.58% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), PJIO annualized +11.16% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, PJIO or VYM?
PJIO has been the more volatile fund at 19.2% annualized versus 14.6% for VYM. Worst drawdown: PJIO -19.4% vs VYM -58.8%.
Should I hold both PJIO and VYM?
PJIO and VYM have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PJIO and VYM?
PJIO and VYM share 1 common holdings with a 0.1% weight overlap. Combined, they hold 595 unique securities.
Which pays a higher dividend, PJIO or VYM?
PJIO yields 0.17% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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