SGVT vs VYM
Schwab Government Money Market 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 558 holdings.
Side-by-Side Comparison
| Metric | SGVT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.04% | |
| AUM | $839M | $79.0B | |
| Dividend Yield | 3.11% | 2.86% | |
| Holdings | 191 | 568 | |
| YTD Return | +1.76% | +16.78% | |
| 1Y Return | +3.33% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 0.5% | 14.6% | |
| Max Drawdown | -0.3% | -58.8% | |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) | |
| Category | Money Market | Equity | |
| Inception | Jun 12, 2025 | Nov 10, 2006 |
SGVT vs VYM Performance
Schwab Government Money Market ETF (SGVT) is a ETF from Charles Schwab Asset Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SGVT returned +3.33% while VYM returned +24.43%. Year to date, SGVT is up 1.76% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 0.5% for SGVT. 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 -0.3% for SGVT 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 -0.13. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SGVT charges 0.28% per year while VYM charges 0.04%. On a $10,000 position that is $28 vs $4 annually, a gap of $24 per year that compounds over a long holding period. On income, SGVT currently yields 3.11% against 2.86% for VYM.
Holdings Overlap
SGVT and VYM share 0 holdings out of 604 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, SGVT or VYM?
SGVT has an expense ratio of 0.28% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, SGVT or VYM?
Over the past year SGVT returned +3.33% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), SGVT annualized +3.45% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, SGVT or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 0.5% for SGVT. Worst drawdown: SGVT -0.3% vs VYM -58.8%.
Should I hold both SGVT and VYM?
SGVT and VYM have a monthly-return correlation of -0.13, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SGVT and VYM?
SGVT and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, SGVT or VYM?
SGVT yields 3.11% while VYM yields 2.86%, so SGVT currently pays the higher dividend yield.
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