SHDG vs VYM
Soundwatch Hedged Equity 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 | SHDG | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.91% | 0.04% | |
| AUM | $160M | $79.0B | |
| Dividend Yield | 0.49% | 2.86% | |
| Holdings | 8 | 568 | |
| YTD Return | +4.31% | +16.78% | |
| 1Y Return | +9.30% | +24.43% | |
| 3Y Return (annualized) | +12.39% | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 9.7% | 14.6% | |
| Max Drawdown | -15.8% | -58.8% | |
| Fund Family | Trust For Advised Portfolios | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2022 | Nov 10, 2006 |
SHDG vs VYM Performance
Soundwatch Hedged Equity ETF (SHDG) is a ETF from Trust For Advised Portfolios and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SHDG returned +9.30% while VYM returned +24.43%. Year to date, SHDG is up 4.31% versus a gain of 16.78% for VYM.
Over three years, SHDG compounded at +12.39% per year against +18.60% for VYM. Across the full 4-year window we track, SHDG has the edge at +14.52% annualized vs +7.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 9.7% for SHDG. 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 -15.8% for SHDG 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SHDG charges 0.91% per year while VYM charges 0.04%. On a $10,000 position that is $91 vs $4 annually, a gap of $87 per year that compounds over a long holding period. On income, SHDG currently yields 0.49% against 2.86% for VYM.
Holdings Overlap
SHDG and VYM share 0 holdings out of 560 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, SHDG or VYM?
SHDG has an expense ratio of 0.91% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, SHDG or VYM?
Over the past year SHDG returned +9.30% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), SHDG annualized +14.52% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, SHDG or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 9.7% for SHDG. Worst drawdown: SHDG -15.8% vs VYM -58.8%.
Should I hold both SHDG and VYM?
SHDG and VYM have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SHDG and VYM?
SHDG and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, SHDG or VYM?
SHDG yields 0.49% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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