SHRT vs VYM
Gotham Short Strategies ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. SHRT offers more diversification with 806 holdings.
Side-by-Side Comparison
| Metric | SHRT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.35% | 0.04% | |
| AUM | $13M | $81.6B | |
| Dividend Yield | 0.08% | 2.24% | |
| Holdings | 806 | 616 | |
| YTD Return | -12.06% | +15.34% | |
| 1Y Return | -13.81% | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 13.2% | 14.6% | |
| Max Drawdown | -27.8% | -58.8% | |
| Fund Family | Gotham ETFs | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 6, 2023 | Nov 10, 2006 |
SHRT vs VYM Performance
Gotham Short Strategies ETF (SHRT) is a ETF from Gotham ETFs and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SHRT returned -13.81% while VYM returned +23.24%. Year to date, SHRT is down 12.06% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 13.2% for SHRT. 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 -27.8% for SHRT 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 -0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SHRT charges 1.35% per year while VYM charges 0.04%. On a $10,000 position that is $135 vs $4 annually, a gap of $131 per year that compounds over a long holding period. On income, SHRT currently yields 0.08% against 2.24% for VYM.
Holdings Overlap
SHRT and VYM share 114 holdings out of 890 unique holdings combined, representing a 6.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SHRT or VYM?
SHRT has an expense ratio of 1.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $131 per year of difference.
Which performed better, SHRT or VYM?
Over the past year SHRT returned -13.81% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), SHRT annualized -7.30% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, SHRT or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 13.2% for SHRT. Worst drawdown: SHRT -27.8% vs VYM -58.8%.
Should I hold both SHRT and VYM?
SHRT and VYM have a monthly-return correlation of -0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SHRT and VYM?
SHRT and VYM share 114 common holdings with a 6.2% weight overlap. Combined, they hold 890 unique securities.
Which pays a higher dividend, SHRT or VYM?
SHRT yields 0.08% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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