SJB vs VYM
ProShares Short High Yield 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 613 holdings.
Side-by-Side Comparison
| Metric | SJB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.04% | |
| AUM | $45M | $81.6B | |
| Dividend Yield | 3.59% | 2.24% | |
| Holdings | 6 | 613 | |
| YTD Return | +0.81% | +14.87% | |
| 1Y Return | +0.77% | +21.39% | |
| 3Y Return (annualized) | -2.53% | +18.69% | |
| 5Y Return (annualized) | -0.39% | +11.98% | |
| Volatility (annualized) | 7.2% | 14.5% | |
| Max Drawdown | -59.7% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 21, 2011 | Nov 10, 2006 |
SJB vs VYM Performance
ProShares Short High Yield (SJB) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SJB returned +0.77% while VYM returned +21.39%. Year to date, SJB is up 0.81% versus a gain of 14.87% for VYM.
Over three years, SJB compounded at -2.53% per year against +18.69% for VYM; over five years the annualized figures are -0.39% and +11.98% respectively. Across the full 15-year window we track, VYM has the edge at +7.00% annualized vs -5.28%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 7.2% for SJB. 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 -59.7% for SJB 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 -0.74. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SJB charges 0.95% per year while VYM charges 0.04%. On a $10,000 position that is $95 vs $4 annually, a gap of $91 per year that compounds over a long holding period. On income, SJB currently yields 3.59% against 2.24% for VYM.
Holdings Overlap
SJB 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, SJB or VYM?
SJB has an expense ratio of 0.95% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, SJB or VYM?
Over the past year SJB returned +0.77% vs +21.39% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (15 years), SJB annualized -5.28% vs +7.00% for VYM. Past performance does not guarantee future results.
Which is riskier, SJB or VYM?
VYM has been the more volatile fund at 14.5% annualized versus 7.2% for SJB. Worst drawdown: SJB -59.7% vs VYM -58.8%.
Should I hold both SJB and VYM?
SJB and VYM have a monthly-return correlation of -0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SJB and VYM?
SJB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, SJB or VYM?
SJB yields 3.59% while VYM yields 2.24%, so SJB currently pays the higher dividend yield.
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