PSCH vs VYM
Invesco S&P SmallCap Health Care ETF vs Vanguard High Dividend Yield ETF
Which is better, PSCH or VYM?
Small Cap Growth against Large Cap Value.
VYM has a lower expense ratio. PSCH led over 1Y and the full window, VYM over 3Y and 5Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 37.4%.
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 | PSCH | VYM |
|---|---|---|
| Expense Ratio | 0.29% | 0.04%Best |
| AUM | $184M | $81.6B |
| Dividend Yield | 0.01% | 2.24% |
| Holdings | 80 | 613 |
| YTD Return | +23.96%Best | +14.82% |
| 1Y Return | +31.29%Best | +20.84% |
| 3Y Return (annualized) | +10.89% | +18.64%Best |
| 5Y Return (annualized) | -2.64% | +12.28%Best |
| Volatility (annualized) | 19.7% | 13.2%Best |
| Max Drawdown | -46.3% | -35.7%Best |
| $10,000 over 5 years | $8,748 | $17,845Best |
| Top 10 Weight | 37.4% | 25.9%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Growth | Large Cap Value |
| Inception | Apr 7, 2010 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Apr 7, 2010 to Sep 4, 2026 (16.4 years).
PSCH 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 16.4 years both funds cover.
PSCH vs VYM Performance
Invesco S&P SmallCap Health Care ETF (PSCH) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PSCH returned +31.29% while VYM returned +20.84%. Year to date, PSCH is up 23.96% versus a gain of 14.82% for VYM.
Over three years, PSCH compounded at +10.89% per year against +18.64% for VYM; over five years the annualized figures are -2.64% and +12.28% respectively. Across the full 16-year window we track, PSCH has the edge at +12.24% annualized vs +10.08%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCH has been the more volatile fund, with annualized monthly volatility of 19.7% compared with 13.2% 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 -46.3% for PSCH and -35.7% 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PSCH charges 0.29% per year while VYM charges 0.04%. On a $10,000 position that is $29 vs $4 annually, a gap of $25 per year that compounds over a long holding period. On income, PSCH currently yields 0.01% against 2.24% for VYM.
Holdings Overlap
2.6% of PSCH's money is in holdings VYM also owns.
PSCH and VYM share little of their money.
2 positions in common, counted across the 71 positions we hold weights for in PSCH and 603 in VYM, against full books of 80 and 613.
What only one of them owns
Our book lists 568 positions for VYM that do not appear in our book for PSCH (97.4% of the fund), and 66 for PSCH that do not appear in VYM (90.9%).
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 PSCH 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, PSCH or VYM?
PSCH has an expense ratio of 0.29% while VYM charges 0.04%. VYM is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, PSCH or VYM?
Over the past year PSCH returned +31.29% vs +20.84% for VYM, so PSCH leads on 1-year performance. Over the longest common window we track (16 years), PSCH annualized +12.24% vs +10.08% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSCH or VYM?
PSCH has been the more volatile fund at 19.7% annualized versus 13.2% for VYM. Worst drawdown: PSCH -46.3% vs VYM -35.7%.
Should I hold both PSCH and VYM?
PSCH and VYM have a monthly-return correlation of 0.68, 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 PSCH and VYM?
2.6% of PSCH's money is in holdings VYM also owns. 0.0% of VYM's is in holdings PSCH also owns. They hold 2 positions in common, counted across the 71 positions we hold weights for in PSCH and 603 in VYM.
Which pays a higher dividend, PSCH or VYM?
PSCH yields 0.01% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Is VYM better than PSCH?
VYM has a lower expense ratio. PSCH led over 1Y and the full window, VYM over 3Y and 5Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 37.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.