SPDV vs VYM
AAM S&P 500 High Dividend Value ETF vs Vanguard High Dividend Yield ETF
Which is better, SPDV or VYM?
Nearly the same fund. VYM costs less.
VYM has a lower expense ratio. SPDV led over 1Y and 3Y, VYM over 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. SPDV is less concentrated, with 21.4% of the fund in its ten largest positions against 26.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPDV | VYM |
|---|---|---|
| Expense Ratio | 0.29% | 0.04%Best |
| AUM | $106M | $81.6B |
| Dividend Yield | 3.23% | 2.22% |
| Holdings | 52 | 613 |
| YTD Return | +17.38%Best | +11.47% |
| 1Y Return | +20.45%Best | +15.94% |
| 3Y Return (annualized) | +18.11%Best | +18.03% |
| 5Y Return (annualized) | +10.76% | +12.35%Best |
| Volatility (annualized) | 18.3% | 15.1%Best |
| Max Drawdown | -45.4% | -35.7%Best |
| $10,000 over 5 years | $16,669 | $17,901Best |
| Top 10 Weight | 21.4%Best | 26.1% |
| Fund Family | Advisors Asset Management, Inc. | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 28, 2017 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 29, 2017 to Sep 21, 2026 (8.8 years).
SPDV vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.8 years both funds cover.
SPDV vs VYM Performance
AAM S&P 500 High Dividend Value ETF (SPDV) is an ETF from Advisors Asset Management, Inc. and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPDV returned +20.45% while VYM returned +15.94%. Year to date, SPDV is up 17.38% versus a gain of 11.47% for VYM.
Over three years, SPDV compounded at +18.11% per year against +18.03% for VYM; over five years the annualized figures are +10.76% and +12.35% respectively. Across the full 9-year window we track, VYM has the edge at +9.44% annualized vs +7.90%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPDV has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 15.1% 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 -45.4% for SPDV and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPDV charges 0.29% per year while VYM charges 0.04%. On a $10,000 position that is $29 vs $4 annually, a gap of $25 per year that compounds over a long holding period. On income, SPDV currently yields 3.23% against 2.22% for VYM.
Holdings Overlap
88.4% of SPDV's money is in holdings VYM also owns. 10.9% of VYM's money is in holdings SPDV also owns.
Most of SPDV is already inside VYM. Owning both mostly buys the same companies twice.
48 positions in common, counted across the 56 positions we hold weights for in SPDV and 557 in VYM, against full books of 52 and 613.
What only one of them owns
Our book lists 482 positions for VYM that do not appear in our book for SPDV (86.7% of the fund), and 7 for SPDV that do not appear in VYM (11.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPDV | Weight in VYM | Difference |
|---|---|---|---|
| VZVerizon Communic | 1.98% | 0.80% | 1.18% |
| ACN:IEAccenture PLC Cl A | 2.34% | 0.41% | 1.93% |
| CTSHCognizant Technology Solutions Corp. Class A | 2.56% | 0.11% | 2.45% |
| TBBAt&t Inc | 1.97% | 0.64% | 1.33% |
| PFEPfizer Inc | 2.01% | 0.58% | 1.43% |
| ADPAutomatic Data Processing, Inc. | 2.03% | 0.43% | 1.60% |
| BMYBristol-Myers Squibb Co. | 1.92% | 0.54% | 1.38% |
| NEENextera Energy Inc | 1.62% | 0.74% | 0.88% |
| CMCSAComcast Corp-class A Cmcsa | 1.95% | 0.34% | 1.61% |
| QCOMQualcomm Inc. | 1.66% | 0.63% | 1.03% |
88.4% of SPDV is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPDV or VYM?
SPDV has an expense ratio of 0.29% while VYM charges 0.04%. VYM is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, SPDV or VYM?
Over the past year SPDV returned +20.45% vs +15.94% for VYM, so SPDV leads on 1-year performance. Over the longest common window we track (9 years), SPDV annualized +7.90% vs +9.44% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPDV or VYM?
SPDV has been the more volatile fund at 18.3% annualized versus 15.1% for VYM. Worst drawdown: SPDV -45.4% vs VYM -35.7%.
Should I hold both SPDV and VYM?
SPDV and VYM have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPDV and VYM?
88.4% of SPDV's money is in holdings VYM also owns. 10.9% of VYM's is in holdings SPDV also owns. They hold 48 positions in common, counted across the 56 positions we hold weights for in SPDV and 557 in VYM.
Which pays a higher dividend, SPDV or VYM?
SPDV yields 3.23% while VYM yields 2.22%, so SPDV currently pays the higher dividend yield.
Is VYM better than SPDV?
VYM has a lower expense ratio. SPDV led over 1Y and 3Y, VYM over 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. SPDV is less concentrated, with 21.4% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.