PXF vs VYM
Invesco RAFI Developed Markets ex-US ETF vs Vanguard High Dividend Yield ETF
Which is better, PXF or VYM?
Each has led over a different period.
VYM has a lower expense ratio. PXF led over 1Y, 3Y and 5Y, VYM over the full window. PXF is less concentrated, with 14.8% of the fund in its ten largest positions against 26.1%.
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 | PXF | VYM |
|---|---|---|
| Expense Ratio | 0.43% | 0.04%Best |
| AUM | $3.0B | $81.6B |
| Dividend Yield | 2.99% | 2.22% |
| Holdings | 1,040 | 613 |
| YTD Return | +19.60%Best | +11.35% |
| 1Y Return | +31.66%Best | +15.34% |
| 3Y Return (annualized) | +23.77%Best | +17.22% |
| 5Y Return (annualized) | +14.96%Best | +12.30% |
| Volatility (annualized) | 19.4% | 14.7%Best |
| Max Drawdown | -65.7% | -58.8%Best |
| $10,000 over 5 years | $20,079Best | $17,861 |
| Top 10 Weight | 14.8%Best | 26.1% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 25, 2007 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Jun 25, 2007 to Sep 18, 2026 (19.2 years).
PXF 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 19.2 years both funds cover.
PXF vs VYM Performance
Invesco RAFI Developed Markets ex-US ETF (PXF) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PXF returned +31.66% while VYM returned +15.34%. Year to date, PXF is up 19.60% versus a gain of 11.35% for VYM.
Over three years, PXF compounded at +23.77% per year against +17.22% for VYM; over five years the annualized figures are +14.96% and +12.30% respectively. Across the full 19-year window we track, VYM has the edge at +6.71% annualized vs +3.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXF has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 14.7% 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 -65.7% for PXF 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PXF charges 0.43% per year while VYM charges 0.04%. On a $10,000 position that is $43 vs $4 annually, a gap of $39 per year that compounds over a long holding period. On income, PXF currently yields 2.99% against 2.22% for VYM.
Holdings Overlap
1.0% of PXF's money is in holdings VYM also owns. 1.3% of VYM's money is in holdings PXF also owns.
VYM and PXF share little of their money.
9 positions in common, counted across the 962 positions we hold weights for in PXF and 557 in VYM, against full books of 1,040 and 613.
What only one of them owns
Our book lists 520 positions for VYM that do not appear in our book for PXF (95.8% of the fund), and 26 for PXF that do not appear in VYM (9.9%).
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.
Top Shared Holdings
| Stock | Weight in PXF | Weight in VYM | Difference |
|---|---|---|---|
| MDTMedtronic Plc Ordinary Shares | 0.19% | 0.44% | 0.25% |
| ALVAllianz Ag | 0.53% | 0.04% | 0.49% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 0.12% | 0.24% | 0.12% |
| GRMNGarminltd. | 0.08% | 0.20% | 0.12% |
| HBANHuntington Bancshares Inc./Oh | 0.03% | 0.14% | 0.11% |
| EQTEQT Corp. | 0.02% | 0.13% | 0.11% |
| TIGO:LUMillicom International Cellular Sa Common Stock | 0.03% | 0.04% | 0.01% |
| ALLEAllegion Plc | 0.01% | 0.05% | 0.04% |
| PRGOPerrigo Company Plc Ordinary Shares | 0.01% | 0.01% | 0.00% |
You are not choosing between two funds in isolation.
Whichever of PXF 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, PXF or VYM?
PXF has an expense ratio of 0.43% while VYM charges 0.04%. VYM is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, PXF or VYM?
Over the past year PXF returned +31.66% vs +15.34% for VYM, so PXF leads on 1-year performance. Over the longest common window we track (19 years), PXF annualized +3.46% vs +6.71% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PXF or VYM?
PXF has been the more volatile fund at 19.4% annualized versus 14.7% for VYM. Worst drawdown: PXF -65.7% vs VYM -58.8%.
Should I hold both PXF and VYM?
PXF and VYM have a monthly-return correlation of 0.85, 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 PXF and VYM?
1.3% of VYM's money is in holdings PXF also owns. 1.3% of VYM's is in holdings PXF also owns. They hold 9 positions in common, counted across the 962 positions we hold weights for in PXF and 557 in VYM.
Which pays a higher dividend, PXF or VYM?
PXF yields 2.99% while VYM yields 2.22%, so PXF currently pays the higher dividend yield.
Is VYM better than PXF?
VYM has a lower expense ratio. PXF led over 1Y, 3Y and 5Y, VYM over the full window. PXF is less concentrated, with 14.8% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.