PMIO vs VYM
PGIM Municipal Income Opportunities ETF vs Vanguard High Dividend Yield ETF
Which is better, PMIO or VYM?
Municipal Bond against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y 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 | PMIO | VYM |
|---|---|---|
| Expense Ratio | 0.25% | 0.04%Best |
| AUM | $50M | $81.6B |
| Dividend Yield | 4.62% | 2.22% |
| Holdings | 119 | 613 |
| YTD Return | -0.38% | +12.87%Best |
| 1Y Return | +1.16% | +17.25%Best |
| 3Y Return (annualized) | - | +17.66% |
| 5Y Return (annualized) | - | +11.98% |
| Volatility (annualized) | 3.5%Best | 10.2% |
| Max Drawdown | -3.4%Best | -14.5% |
| $10,000 over 2.2 years | $10,745 | $14,307Best |
| Fund Family | PGIM Investments | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Value |
| Inception | Jun 14, 2024 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jun 28, 2024 to Sep 15, 2026 (2.2 years).
PMIO 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 2.2 years both funds cover.
PMIO vs VYM Performance
PGIM Municipal Income Opportunities ETF (PMIO) is an ETF from PGIM Investments and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PMIO returned +1.16% while VYM returned +17.25%. Year to date, PMIO is down 0.38% versus a gain of 12.87% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 10.2% compared with 3.5% for PMIO. 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 -3.4% for PMIO and -14.5% 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PMIO charges 0.25% per year while VYM charges 0.04%. On a $10,000 position that is $25 vs $4 annually, a gap of $21 per year that compounds over a long holding period. On income, PMIO currently yields 4.62% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 21 holdings in PMIO and 557 in VYM, totalling 24.4% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 21 positions we hold weights for in PMIO and 557 in VYM, against full books of 119 and 613.
You are not choosing between two funds in isolation.
Whichever of PMIO 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, PMIO or VYM?
PMIO has an expense ratio of 0.25% while VYM charges 0.04%. VYM is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, PMIO or VYM?
Over the past year PMIO returned +1.16% vs +17.25% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), PMIO annualized +3.32% vs +17.68% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PMIO or VYM?
VYM has been the more volatile fund at 10.2% annualized versus 3.5% for PMIO. Worst drawdown: PMIO -3.4% vs VYM -14.5%.
Should I hold both PMIO and VYM?
PMIO and VYM have a monthly-return correlation of 0.69, 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, PMIO or VYM?
PMIO yields 4.62% while VYM yields 2.22%, so PMIO currently pays the higher dividend yield.
Is VYM better than PMIO?
VYM has a lower expense ratio. VYM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.