QFLR vs VYM
Innovator Nasdaq-100 Managed Floor 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 | QFLR | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.04% | |
| AUM | $530M | $81.6B | |
| Dividend Yield | 0.00% | 2.24% | |
| Holdings | 52 | 616 | |
| YTD Return | +4.79% | +16.42% | |
| 1Y Return | +11.94% | +24.22% | |
| 3Y Return (annualized) | - | +19.03% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 10.5% | 14.6% | |
| Max Drawdown | -14.0% | -58.8% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 22, 2024 | Nov 10, 2006 |
QFLR vs VYM Performance
Innovator Nasdaq-100 Managed Floor ETF (QFLR) is a ETF from Innovator ETFs Trust and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year QFLR returned +11.94% while VYM returned +24.22%. Year to date, QFLR is up 4.79% versus a gain of 16.42% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 10.5% for QFLR. 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 -14.0% for QFLR 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QFLR charges 0.89% per year while VYM charges 0.04%. On a $10,000 position that is $89 vs $4 annually, a gap of $85 per year that compounds over a long holding period. On income, QFLR currently yields 0.00% against 2.24% for VYM.
Holdings Overlap
QFLR and VYM share 9 holdings out of 633 unique holdings combined, representing a 8.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QFLR or VYM?
QFLR has an expense ratio of 0.89% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, QFLR or VYM?
Over the past year QFLR returned +11.94% vs +24.22% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), QFLR annualized +15.13% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, QFLR or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 10.5% for QFLR. Worst drawdown: QFLR -14.0% vs VYM -58.8%.
Should I hold both QFLR and VYM?
QFLR and VYM have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QFLR and VYM?
QFLR and VYM share 9 common holdings with a 8.1% weight overlap. Combined, they hold 633 unique securities.
Which pays a higher dividend, QFLR or VYM?
QFLR yields 0.00% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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