PRN vs VYM
Invesco Dorsey Wright Industrials Momentum ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. PRN delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PRN | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.04% | |
| AUM | $428M | $79.0B | |
| Dividend Yield | 0.08% | 2.86% | |
| Holdings | 41 | 568 | |
| YTD Return | +21.82% | +16.16% | |
| 1Y Return | +34.32% | +26.05% | |
| 3Y Return (annualized) | +27.15% | +18.43% | |
| 5Y Return (annualized) | +16.91% | +12.21% | |
| Volatility (annualized) | 21.4% | 14.6% | |
| Max Drawdown | -59.9% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2006 | Nov 10, 2006 |
PRN vs VYM Performance
Invesco Dorsey Wright Industrials Momentum ETF (PRN) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PRN returned +34.32% while VYM returned +26.05%. Year to date, PRN is up 21.82% versus a gain of 16.16% for VYM.
Over three years, PRN compounded at +27.15% per year against +18.43% for VYM; over five years the annualized figures are +16.91% and +12.21% respectively. Across the full 20-year window we track, PRN has the edge at +12.11% annualized vs +7.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PRN has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -59.9% for PRN 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PRN charges 0.60% per year while VYM charges 0.04%. On a $10,000 position that is $60 vs $4 annually, a gap of $56 per year that compounds over a long holding period. On income, PRN currently yields 0.08% against 2.86% for VYM.
Holdings Overlap
PRN and VYM share 3 holdings out of 593 unique holdings combined, representing a 1.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PRN or VYM?
PRN has an expense ratio of 0.60% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, PRN or VYM?
Over the past year PRN returned +34.32% vs +26.05% for VYM, so PRN leads on 1-year performance. Over the longest common window we track (20 years), PRN annualized +12.11% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, PRN or VYM?
PRN has been the more volatile fund at 21.4% annualized versus 14.6% for VYM. Worst drawdown: PRN -59.9% vs VYM -58.8%.
Should I hold both PRN and VYM?
PRN and VYM have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PRN and VYM?
PRN and VYM share 3 common holdings with a 1.9% weight overlap. Combined, they hold 593 unique securities.
Which pays a higher dividend, PRN or VYM?
PRN yields 0.08% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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