PTH vs VYM
Invesco Dorsey Wright Healthcare Momentum ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. PTH delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PTH | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.04% | |
| AUM | $231M | $79.0B | |
| Dividend Yield | 2.56% | 2.86% | |
| Holdings | 59 | 568 | |
| YTD Return | +23.87% | +16.10% | |
| 1Y Return | +64.85% | +25.99% | |
| 3Y Return (annualized) | +20.13% | +18.29% | |
| 5Y Return (annualized) | +2.30% | +12.35% | |
| Volatility (annualized) | 21.8% | 14.6% | |
| Max Drawdown | -53.5% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2006 | Nov 10, 2006 |
PTH vs VYM Performance
Invesco Dorsey Wright Healthcare Momentum ETF (PTH) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PTH returned +64.85% while VYM returned +25.99%. Year to date, PTH is up 23.87% versus a gain of 16.10% for VYM.
Over three years, PTH compounded at +20.13% per year against +18.29% for VYM; over five years the annualized figures are +2.30% and +12.35% respectively. Across the full 20-year window we track, PTH has the edge at +10.86% annualized vs +7.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PTH has been the more volatile fund, with annualized monthly volatility of 21.8% 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 -53.5% for PTH 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PTH 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, PTH currently yields 2.56% against 2.86% for VYM.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, PTH or VYM?
PTH 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, PTH or VYM?
Over the past year PTH returned +64.85% vs +25.99% for VYM, so PTH leads on 1-year performance. Over the longest common window we track (20 years), PTH annualized +10.86% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, PTH or VYM?
PTH has been the more volatile fund at 21.8% annualized versus 14.6% for VYM. Worst drawdown: PTH -53.5% vs VYM -58.8%.
Should I hold both PTH and VYM?
PTH and VYM have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PTH and VYM?
PTH and VYM share 2 common holdings with a 0.9% weight overlap. Combined, they hold 614 unique securities.
Which pays a higher dividend, PTH or VYM?
PTH yields 2.56% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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