PMAY vs VYM
Innovator US Equity Power Buffer ETF - May vs Vanguard High Dividend Yield ETF
Which is better, PMAY or VYM?
Multi Alternative against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window.
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 | PMAY | VYM |
|---|---|---|
| Expense Ratio | 0.79% | 0.04%Best |
| AUM | $814M | $81.6B |
| Dividend Yield | 0.00% | 2.22% |
| Holdings | 12 | 613 |
| YTD Return | +6.35% | +11.35%Best |
| 1Y Return | +8.72% | +15.34%Best |
| 3Y Return (annualized) | +12.01% | +17.22%Best |
| 5Y Return (annualized) | +7.36% | +12.30%Best |
| Volatility (annualized) | 6.9%Best | 13.8% |
| Max Drawdown | -13.1%Best | -15.8% |
| $10,000 over 5 years | $14,263 | $17,861Best |
| Fund Family | Innovator ETFs Trust | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Apr 30, 2020 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 1, 2020 to Sep 18, 2026 (6.4 years).
PMAY 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 6.4 years both funds cover.
PMAY vs VYM Performance
Innovator US Equity Power Buffer ETF - May (PMAY) is an ETF from Innovator ETFs Trust and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PMAY returned +8.72% while VYM returned +15.34%. Year to date, PMAY is up 6.35% versus a gain of 11.35% for VYM.
Over three years, PMAY compounded at +12.01% per year against +17.22% for VYM; over five years the annualized figures are +7.36% and +12.30% respectively. Across the full 6-year window we track, VYM has the edge at +15.15% annualized vs +8.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 6.9% for PMAY. 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 -13.1% for PMAY and -15.8% 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PMAY charges 0.79% per year while VYM charges 0.04%. On a $10,000 position that is $79 vs $4 annually, a gap of $75 per year that compounds over a long holding period. On income, PMAY currently yields 0.00% against 2.22% for VYM.
You are not choosing between two funds in isolation.
Whichever of PMAY 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, PMAY or VYM?
PMAY has an expense ratio of 0.79% while VYM charges 0.04%. VYM is the cheaper option, by $75 a year on a $10,000 investment.
Which performed better, PMAY or VYM?
Over the past year PMAY returned +8.72% vs +15.34% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), PMAY annualized +8.31% vs +15.15% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PMAY or VYM?
VYM has been the more volatile fund at 13.8% annualized versus 6.9% for PMAY. Worst drawdown: PMAY -13.1% vs VYM -15.8%.
Should I hold both PMAY and VYM?
PMAY and VYM have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PMAY or VYM?
PMAY yields 0.00% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than PMAY?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.