SPCK vs VYM
The SPAC and New Issue 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 | SPCK | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 2.32% | 0.04% | |
| AUM | $8M | $79.0B | |
| Dividend Yield | 16.26% | 2.86% | |
| Holdings | 43 | 568 | |
| YTD Return | +1.65% | +16.16% | |
| 1Y Return | +4.50% | +26.05% | |
| 3Y Return (annualized) | +3.80% | +18.43% | |
| 5Y Return (annualized) | -1.28% | +12.21% | |
| Volatility (annualized) | 8.0% | 14.6% | |
| Max Drawdown | -28.3% | -58.8% | |
| Fund Family | AXS Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 15, 2020 | Nov 10, 2006 |
SPCK vs VYM Performance
The SPAC and New Issue ETF (SPCK) is a ETF from AXS Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPCK returned +4.50% while VYM returned +26.05%. Year to date, SPCK is up 1.65% versus a gain of 16.16% for VYM.
Over three years, SPCK compounded at +3.80% per year against +18.43% for VYM; over five years the annualized figures are -1.28% and +12.21% respectively. Across the full 6-year window we track, VYM has the edge at +7.09% annualized vs +1.18%. 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 8.0% for SPCK. 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 -28.3% for SPCK 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 0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPCK charges 2.32% per year while VYM charges 0.04%. On a $10,000 position that is $232 vs $4 annually, a gap of $228 per year that compounds over a long holding period. On income, SPCK currently yields 16.26% against 2.86% for VYM.
Holdings Overlap
SPCK and VYM share 0 holdings out of 595 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, SPCK or VYM?
SPCK has an expense ratio of 2.32% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $228 per year of difference.
Which performed better, SPCK or VYM?
Over the past year SPCK returned +4.50% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), SPCK annualized +1.18% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, SPCK or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 8.0% for SPCK. Worst drawdown: SPCK -28.3% vs VYM -58.8%.
Should I hold both SPCK and VYM?
SPCK and VYM have a monthly-return correlation of 0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPCK and VYM?
SPCK and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 595 unique securities.
Which pays a higher dividend, SPCK or VYM?
SPCK yields 16.26% while VYM yields 2.86%, so SPCK currently pays the higher dividend yield.
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