SKYU vs VYM
ProShares Ultra Nasdaq Cloud Computing ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. SKYU delivered stronger 1-year returns. VYM offers more diversification with 568 holdings.
Side-by-Side Comparison
| Metric | SKYU | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.04% | |
| AUM | $3M | $79.0B | |
| Dividend Yield | 0.83% | 2.86% | |
| Holdings | 68 | 568 | |
| YTD Return | +58.27% | +16.78% | |
| 1Y Return | +69.94% | +24.43% | |
| 3Y Return (annualized) | +47.24% | +18.60% | |
| 5Y Return (annualized) | +4.12% | +12.30% | |
| Volatility (annualized) | 53.9% | 14.6% | |
| Max Drawdown | -83.0% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 19, 2021 | Nov 10, 2006 |
SKYU vs VYM Performance
ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SKYU returned +69.94% while VYM returned +24.43%. Year to date, SKYU is up 58.27% versus a gain of 16.78% for VYM.
Over three years, SKYU compounded at +47.24% per year against +18.60% for VYM; over five years the annualized figures are +4.12% and +12.30% respectively. Across the full 6-year window we track, VYM has the edge at +7.11% annualized vs +5.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SKYU has been the more volatile fund, with annualized monthly volatility of 53.9% 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 -83.0% for SKYU 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SKYU 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, SKYU currently yields 0.83% against 2.86% for VYM.
Holdings Overlap
SKYU and VYM share 5 holdings out of 616 unique holdings combined, representing a 2.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SKYU or VYM?
SKYU 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, SKYU or VYM?
Over the past year SKYU returned +69.94% vs +24.43% for VYM, so SKYU leads on 1-year performance. Over the longest common window we track (6 years), SKYU annualized +5.94% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, SKYU or VYM?
SKYU has been the more volatile fund at 53.9% annualized versus 14.6% for VYM. Worst drawdown: SKYU -83.0% vs VYM -58.8%.
Should I hold both SKYU and VYM?
SKYU and VYM have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SKYU and VYM?
SKYU and VYM share 5 common holdings with a 2.8% weight overlap. Combined, they hold 616 unique securities.
Which pays a higher dividend, SKYU or VYM?
SKYU yields 0.83% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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