PKB vs VYM
Invesco Building and Construction ETF vs Vanguard High Dividend Yield ETF
Which is better, PKB or VYM?
Each has led over a different period.
VYM has a lower expense ratio. PKB led over 3Y, 5Y and the full window, VYM over 1Y. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 48.2%.
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 | PKB | VYM |
|---|---|---|
| Expense Ratio | 0.57% | 0.04%Best |
| AUM | $330M | $81.6B |
| Dividend Yield | 0.20% | 2.22% |
| Holdings | 32 | 613 |
| YTD Return | -2.41% | +10.24%Best |
| 1Y Return | +0.34% | +14.89%Best |
| 3Y Return (annualized) | +23.21%Best | +18.00% |
| 5Y Return (annualized) | +13.73%Best | +11.42% |
| Volatility (annualized) | 24.9% | 14.6%Best |
| Max Drawdown | -65.3% | -58.8%Best |
| $10,000 over 5 years | $19,027Best | $17,172 |
| Top 10 Weight | 48.2% | 26.1%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 26, 2005 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 25, 2026 (19.9 years).
PKB 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 19.9 years both funds cover.
PKB vs VYM Performance
Invesco Building and Construction ETF (PKB) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PKB returned +0.34% while VYM returned +14.89%. Year to date, PKB is down 2.41% versus a gain of 10.24% for VYM.
Over three years, PKB compounded at +23.21% per year against +18.00% for VYM; over five years the annualized figures are +13.73% and +11.42% respectively. Across the full 20-year window we track, PKB has the edge at +9.23% annualized vs +6.76%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PKB has been the more volatile fund, with annualized monthly volatility of 24.9% 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 -65.3% for PKB and -58.8% 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PKB charges 0.57% per year while VYM charges 0.04%. On a $10,000 position that is $57 vs $4 annually, a gap of $53 per year that compounds over a long holding period. On income, PKB currently yields 0.20% against 2.22% for VYM.
Holdings Overlap
19.0% of PKB's money is in holdings VYM also owns. 2.0% of VYM's money is in holdings PKB also owns.
PKB and VYM share little of their money.
4 positions in common, counted across the 30 positions we hold weights for in PKB and 557 in VYM, against full books of 32 and 613.
What only one of them owns
Our book lists 525 positions for VYM that do not appear in our book for PKB (95.3% of the fund), and 22 for PKB that do not appear in VYM (66.8%).
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.
You are not choosing between two funds in isolation.
Whichever of PKB and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PKB or VYM?
PKB has an expense ratio of 0.57% while VYM charges 0.04%. VYM is the cheaper option, by $53 a year on a $10,000 investment.
Which performed better, PKB or VYM?
Over the past year PKB returned +0.34% vs +14.89% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), PKB annualized +9.23% vs +6.76% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PKB or VYM?
PKB has been the more volatile fund at 24.9% annualized versus 14.6% for VYM. Worst drawdown: PKB -65.3% vs VYM -58.8%.
Should I hold both PKB and VYM?
PKB and VYM have a monthly-return correlation of 0.79, 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 PKB and VYM?
19.0% of PKB's money is in holdings VYM also owns. 2.0% of VYM's is in holdings PKB also owns. They hold 4 positions in common, counted across the 30 positions we hold weights for in PKB and 557 in VYM.
Which pays a higher dividend, PKB or VYM?
PKB yields 0.20% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than PKB?
VYM has a lower expense ratio. PKB led over 3Y, 5Y and the full window, VYM over 1Y. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 48.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.