PSL vs VYM
Invesco Dorsey Wright Consumer Staples Momentum ETF vs Vanguard High Dividend Yield ETF
Which is better, PSL or VYM?
Mid Cap Growth against Large Cap Value.
VYM has a lower expense ratio. PSL led over the full window, VYM over 1Y, 3Y and 5Y. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 40.0%.
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 | PSL | VYM |
|---|---|---|
| Expense Ratio | 0.60% | 0.04%Best |
| AUM | $84M | $81.6B |
| Dividend Yield | 0.73% | 2.22% |
| Holdings | 50 | 613 |
| YTD Return | +8.28% | +10.96%Best |
| 1Y Return | +0.28% | +15.42%Best |
| 3Y Return (annualized) | +9.50% | +17.78%Best |
| 5Y Return (annualized) | +4.98% | +12.05%Best |
| Volatility (annualized) | 14.0%Best | 14.6% |
| Max Drawdown | -42.0%Best | -58.8% |
| $10,000 over 5 years | $12,751 | $17,663Best |
| Top 10 Weight | 40.0% | 26.1%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Value |
| Inception | Oct 12, 2006 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 22, 2026 (19.8 years).
PSL 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 19.8 years both funds cover.
PSL vs VYM Performance
Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PSL returned +0.28% while VYM returned +15.42%. Year to date, PSL is up 8.28% versus a gain of 10.96% for VYM.
Over three years, PSL compounded at +9.50% per year against +17.78% for VYM; over five years the annualized figures are +4.98% and +12.05% respectively. Across the full 20-year window we track, PSL has the edge at +7.86% annualized vs +6.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 14.0% for PSL. 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 -42.0% for PSL 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
PSL 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, PSL currently yields 0.73% against 2.22% for VYM.
Holdings Overlap
33.4% of PSL's money is in holdings VYM also owns. 5.2% of VYM's money is in holdings PSL also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 48 positions we hold weights for in PSL and 557 in VYM, against full books of 50 and 613.
What only one of them owns
Measured across the 48 and 557 positions we hold weights for.
VYM holds 512 positions PSL does not, 91.9% of the fund.
Largest: AVGO 7.35%, JPM 3.82%, XOM 2.63%, JNJ 2.51%, CSCO 1.86%
Top Shared Holdings
| Stock | Weight in PSL | Weight in VYM | Difference |
|---|---|---|---|
| PMPhilip Morris International Inc. | 3.62% | 1.21% | 2.41% |
| KOCoca Cola Co. | 2.61% | 1.38% | 1.23% |
| MOAltria Group Inc | 3.08% | 0.46% | 2.62% |
| KRKroger Co. | 3.10% | 0.13% | 2.97% |
| ELEstee Lauder Cos., Inc. | 3.14% | 0.08% | 3.06% |
| PGProcter & Gamble Company | 1.74% | 1.37% | 0.37% |
| ADMArcher-Daniels-Midland Co. | 2.95% | 0.15% | 2.80% |
| SCIService Corp International | 2.30% | 0.05% | 2.25% |
| PRMBPrimo Brands Corp | 1.91% | 0.02% | 1.89% |
| BGBunge Global Sa Common Shares | 1.67% | 0.06% | 1.61% |
33.4% of PSL is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PSL or VYM?
PSL has an expense ratio of 0.60% while VYM charges 0.04%. VYM is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, PSL or VYM?
Over the past year PSL returned +0.28% vs +15.42% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), PSL annualized +7.86% vs +6.80% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSL or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 14.0% for PSL. Worst drawdown: PSL -42.0% vs VYM -58.8%.
Should I hold both PSL and VYM?
PSL 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 PSL and VYM?
33.4% of PSL's money is in holdings VYM also owns. 5.2% of VYM's is in holdings PSL also owns. They hold 16 positions in common, counted across the 48 positions we hold weights for in PSL and 557 in VYM.
Which pays a higher dividend, PSL or VYM?
PSL yields 0.73% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than PSL?
VYM has a lower expense ratio. PSL led over the full window, VYM over 1Y, 3Y and 5Y. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 40.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.