SPBX vs VYM
AllianzIM 6 Month Buffer10 Allocation 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 | SPBX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.04% | |
| AUM | $68M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 7 | 568 | |
| YTD Return | +8.26% | +16.16% | |
| 1Y Return | +13.15% | +26.05% | |
| 3Y Return (annualized) | - | +18.43% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 6.6% | 14.6% | |
| Max Drawdown | -11.1% | -58.8% | |
| Fund Family | AllianzIM | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 7, 2025 | Nov 10, 2006 |
SPBX vs VYM Performance
AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) is a ETF from AllianzIM and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPBX returned +13.15% while VYM returned +26.05%. Year to date, SPBX is up 8.26% versus a gain of 16.16% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 6.6% for SPBX. 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 -11.1% for SPBX 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPBX charges 0.79% per year while VYM charges 0.04%. On a $10,000 position that is $79 vs $4 annually, a gap of $75 per year that compounds over a long holding period. On income, SPBX currently yields 0.00% against 2.86% for VYM.
Holdings Overlap
SPBX and VYM share 0 holdings out of 564 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, SPBX or VYM?
SPBX has an expense ratio of 0.79% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $75 per year of difference.
Which performed better, SPBX or VYM?
Over the past year SPBX returned +13.15% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), SPBX annualized +11.53% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, SPBX or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 6.6% for SPBX. Worst drawdown: SPBX -11.1% vs VYM -58.8%.
Should I hold both SPBX and VYM?
SPBX and VYM have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPBX and VYM?
SPBX and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 564 unique securities.
Which pays a higher dividend, SPBX or VYM?
SPBX yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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