PXH vs VYM
Invesco RAFI Emerging Markets ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. PXH delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PXH | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.04% | |
| AUM | $1.9B | $79.0B | |
| Dividend Yield | 4.37% | 2.86% | |
| Holdings | 401 | 568 | |
| YTD Return | +12.16% | +16.16% | |
| 1Y Return | +26.80% | +26.05% | |
| 3Y Return (annualized) | +21.18% | +18.43% | |
| 5Y Return (annualized) | +9.81% | +12.21% | |
| Volatility (annualized) | 21.8% | 14.6% | |
| Max Drawdown | -64.0% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2007 | Nov 10, 2006 |
PXH vs VYM Performance
Invesco RAFI Emerging Markets ETF (PXH) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PXH returned +26.80% while VYM returned +26.05%. Year to date, PXH is up 12.16% versus a gain of 16.16% for VYM.
Over three years, PXH compounded at +21.18% per year against +18.43% for VYM; over five years the annualized figures are +9.81% and +12.21% respectively. Across the full 19-year window we track, VYM has the edge at +7.09% annualized vs +1.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXH 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 -64.0% for PXH 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PXH charges 0.47% per year while VYM charges 0.04%. On a $10,000 position that is $47 vs $4 annually, a gap of $43 per year that compounds over a long holding period. On income, PXH currently yields 4.37% against 2.86% for VYM.
Holdings Overlap
PXH and VYM share 0 holdings out of 926 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PXH or VYM?
PXH has an expense ratio of 0.47% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $43 per year of difference.
Which performed better, PXH or VYM?
Over the past year PXH returned +26.80% vs +26.05% for VYM, so PXH leads on 1-year performance. Over the longest common window we track (19 years), PXH annualized +1.86% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, PXH or VYM?
PXH has been the more volatile fund at 21.8% annualized versus 14.6% for VYM. Worst drawdown: PXH -64.0% vs VYM -58.8%.
Should I hold both PXH and VYM?
PXH and VYM have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PXH and VYM?
PXH and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 926 unique securities.
Which pays a higher dividend, PXH or VYM?
PXH yields 4.37% while VYM yields 2.86%, so PXH currently pays the higher dividend yield.
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