PY vs VYM
Principal Value 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 | PY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.04% | |
| AUM | $243M | $81.6B | |
| Dividend Yield | 1.90% | 2.24% | |
| Holdings | 100 | 616 | |
| YTD Return | +12.26% | +15.36% | |
| 1Y Return | +14.10% | +21.96% | |
| 3Y Return (annualized) | +15.32% | +18.85% | |
| 5Y Return (annualized) | +8.96% | +12.25% | |
| Volatility (annualized) | 19.3% | 14.6% | |
| Max Drawdown | -45.5% | -58.8% | |
| Fund Family | Principal Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 21, 2016 | Nov 10, 2006 |
PY vs VYM Performance
Principal Value ETF (PY) is a ETF from Principal Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PY returned +14.10% while VYM returned +21.96%. Year to date, PY is up 12.26% versus a gain of 15.36% for VYM.
Over three years, PY compounded at +15.32% per year against +18.85% for VYM; over five years the annualized figures are +8.96% and +12.25% respectively. Across the full 10-year window we track, PY has the edge at +9.96% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PY has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -45.5% for PY 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PY charges 0.15% per year while VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, PY currently yields 1.90% against 2.24% for VYM.
Holdings Overlap
PY and VYM share 61 holdings out of 641 unique holdings combined, representing a 28.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PY or VYM?
PY has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, PY or VYM?
Over the past year PY returned +14.10% vs +21.96% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (10 years), PY annualized +9.96% vs +7.03% for VYM. Past performance does not guarantee future results.
Which is riskier, PY or VYM?
PY has been the more volatile fund at 19.3% annualized versus 14.6% for VYM. Worst drawdown: PY -45.5% vs VYM -58.8%.
Should I hold both PY and VYM?
PY and VYM have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between PY and VYM?
PY and VYM share 61 common holdings with a 28.5% weight overlap. Combined, they hold 641 unique securities.
Which pays a higher dividend, PY or VYM?
PY yields 1.90% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.