RZV vs VYM
Invesco S&P Smallcap 600 Pure Value ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. RZV delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | RZV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.04% | |
| AUM | $308M | $81.6B | |
| Dividend Yield | 1.40% | 2.24% | |
| Holdings | 158 | 616 | |
| YTD Return | +25.05% | +14.66% | |
| 1Y Return | +33.13% | +22.16% | |
| 3Y Return (annualized) | +18.49% | +18.72% | |
| 5Y Return (annualized) | +12.12% | +12.18% | |
| Volatility (annualized) | 29.1% | 14.6% | |
| Max Drawdown | -77.9% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 1, 2006 | Nov 10, 2006 |
RZV vs VYM Performance
Invesco S&P Smallcap 600 Pure Value ETF (RZV) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year RZV returned +33.13% while VYM returned +22.16%. Year to date, RZV is up 25.05% versus a gain of 14.66% for VYM.
Over three years, RZV compounded at +18.49% per year against +18.72% for VYM; over five years the annualized figures are +12.12% and +12.18% respectively. Across the full 20-year window we track, RZV has the edge at +7.33% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RZV has been the more volatile fund, with annualized monthly volatility of 29.1% 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 -77.9% for RZV 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RZV charges 0.35% per year while VYM charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, RZV currently yields 1.40% against 2.24% for VYM.
Holdings Overlap
RZV and VYM share 54 holdings out of 705 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RZV or VYM?
RZV has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, RZV or VYM?
Over the past year RZV returned +33.13% vs +22.16% for VYM, so RZV leads on 1-year performance. Over the longest common window we track (20 years), RZV annualized +7.33% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, RZV or VYM?
RZV has been the more volatile fund at 29.1% annualized versus 14.6% for VYM. Worst drawdown: RZV -77.9% vs VYM -58.8%.
Should I hold both RZV and VYM?
RZV and VYM have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RZV and VYM?
RZV and VYM share 54 common holdings with a 0.7% weight overlap. Combined, they hold 705 unique securities.
Which pays a higher dividend, RZV or VYM?
RZV yields 1.40% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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