QEFA vs VYM
State Street SPDR MSCI EAFE StrategicFactors ETF vs Vanguard High Dividend Yield ETF
Which is better, QEFA or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. QEFA is less concentrated, with 14.6% of the fund in its ten largest positions against 25.9%.
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 | QEFA | VYM |
|---|---|---|
| Expense Ratio | 0.30% | 0.04%Best |
| AUM | $1.1B | $81.6B |
| Dividend Yield | 2.70% | 2.22% |
| Holdings | 659 | 613 |
| YTD Return | +11.10% | +13.75%Best |
| 1Y Return | +17.65% | +19.42%Best |
| 3Y Return (annualized) | +16.58% | +18.22%Best |
| 5Y Return (annualized) | +8.08% | +12.17%Best |
| Volatility (annualized) | 13.3%Best | 13.7% |
| Max Drawdown | -32.7%Best | -35.7% |
| $10,000 over 5 years | $14,748 | $17,758Best |
| Top 10 Weight | 14.6%Best | 25.9% |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 4, 2014 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Jun 5, 2014 to Sep 9, 2026 (12.3 years).
QEFA 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 12.3 years both funds cover.
QEFA vs VYM Performance
State Street SPDR MSCI EAFE StrategicFactors ETF (QEFA) is an ETF from SPDR State Street Global Advisors and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year QEFA returned +17.65% while VYM returned +19.42%. Year to date, QEFA is up 11.10% versus a gain of 13.75% for VYM.
Over three years, QEFA compounded at +16.58% per year against +18.22% for VYM; over five years the annualized figures are +8.08% and +12.17% respectively. Across the full 12-year window we track, VYM has the edge at +9.05% annualized vs +5.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 13.3% for QEFA. 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 -32.7% for QEFA and -35.7% 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QEFA charges 0.30% per year while VYM charges 0.04%. On a $10,000 position that is $30 vs $4 annually, a gap of $26 per year that compounds over a long holding period. On income, QEFA currently yields 2.70% against 2.22% for VYM.
Holdings Overlap
0.3% of QEFA's money is in holdings VYM also owns. 0.2% of VYM's money is in holdings QEFA also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 635 positions we hold weights for in QEFA and 603 in VYM, against full books of 659 and 613.
What only one of them owns
Our book lists 565 positions for VYM that do not appear in our book for QEFA (97.1% of the fund), and 13 for QEFA that do not appear in VYM (4.8%).
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.
You are not choosing between two funds in isolation.
Whichever of QEFA 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, QEFA or VYM?
QEFA has an expense ratio of 0.30% while VYM charges 0.04%. VYM is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, QEFA or VYM?
Over the past year QEFA returned +17.65% vs +19.42% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (12 years), QEFA annualized +5.60% vs +9.05% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QEFA or VYM?
VYM has been the more volatile fund at 13.7% annualized versus 13.3% for QEFA. Worst drawdown: QEFA -32.7% vs VYM -35.7%.
Should I hold both QEFA and VYM?
QEFA and VYM have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QEFA or VYM?
QEFA yields 2.70% while VYM yields 2.22%, so QEFA currently pays the higher dividend yield.
Is VYM better than QEFA?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. QEFA is less concentrated, with 14.6% of the fund in its ten largest positions against 25.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.