PUI vs VYM
Invesco Dorsey Wright Utilities Momentum ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | PUI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.04% | |
| AUM | $55M | $81.6B | |
| Dividend Yield | 2.05% | 2.24% | |
| Holdings | 38 | 616 | |
| YTD Return | +0.98% | +14.84% | |
| 1Y Return | +2.75% | +20.88% | |
| 3Y Return (annualized) | +14.11% | +18.34% | |
| 5Y Return (annualized) | +7.39% | +12.04% | |
| Volatility (annualized) | 14.0% | 14.6% | |
| Max Drawdown | -45.8% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 26, 2005 | Nov 10, 2006 |
PUI vs VYM Performance
Invesco Dorsey Wright Utilities Momentum ETF (PUI) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PUI returned +2.75% while VYM returned +20.88%. Year to date, PUI is up 0.98% versus a gain of 14.84% for VYM.
Over three years, PUI compounded at +14.11% per year against +18.34% for VYM; over five years the annualized figures are +7.39% and +12.04% respectively. Across the full 20-year window we track, VYM has the edge at +7.01% annualized vs +5.81%. 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 PUI. 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 -45.8% for PUI 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PUI 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, PUI currently yields 2.05% against 2.24% for VYM.
Holdings Overlap
PUI and VYM share 27 holdings out of 613 unique holdings combined, representing a 4.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PUI or VYM?
PUI 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, PUI or VYM?
Over the past year PUI returned +2.75% vs +20.88% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), PUI annualized +5.81% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, PUI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 14.0% for PUI. Worst drawdown: PUI -45.8% vs VYM -58.8%.
Should I hold both PUI and VYM?
PUI and VYM have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PUI and VYM?
PUI and VYM share 27 common holdings with a 4.3% weight overlap. Combined, they hold 613 unique securities.
Which pays a higher dividend, PUI or VYM?
PUI yields 2.05% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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