SPE vs VYM
Special Opportunities Fund Inc vs Vanguard High Dividend Yield ETF
Which is better, SPE or VYM?
Allocation/Balanced against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window.
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 | SPE | VYM |
|---|---|---|
| Expense Ratio | 4.89% | 0.04%Best |
| AUM | $171M | $81.6B |
| Dividend Yield | 8.33% | 2.22% |
| Holdings | 158 | 613 |
| YTD Return | -5.54% | +12.29%Best |
| 1Y Return | -8.39% | +16.61%Best |
| 3Y Return (annualized) | +14.67% | +17.42%Best |
| 5Y Return (annualized) | +6.20% | +12.12%Best |
| Volatility (annualized) | 16.1% | 14.6%Best |
| Max Drawdown | -58.5%Best | -58.8% |
| $10,000 over 5 years | $13,509 | $17,718Best |
| Fund Family | Special Opportunities Fund | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Value |
| Inception | Jun 8, 1993 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 17, 2026 (19.8 years).
SPE 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 19.8 years both funds cover.
SPE vs VYM Performance
Special Opportunities Fund Inc (SPE) is an ETF from Special Opportunities Fund and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPE returned -8.39% while VYM returned +16.61%. Year to date, SPE is down 5.54% versus a gain of 12.29% for VYM.
Over three years, SPE compounded at +14.67% per year against +17.42% for VYM; over five years the annualized figures are +6.20% and +12.12% respectively. Across the full 20-year window we track, VYM has the edge at +6.87% annualized vs +2.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPE has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -58.5% for SPE and -58.8% 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 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPE charges 4.89% per year while VYM charges 0.04%. On a $10,000 position that is $489 vs $4 annually, a gap of $485 per year that compounds over a long holding period. On income, SPE currently yields 8.33% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 104 holdings in SPE and 557 in VYM, totalling 132.7% and 99.2% of the two funds. That is not enough of SPE to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
The two holdings books were reported 212 days apart, SPE as of Dec 31, 2025 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 104 positions we hold weights for in SPE and 557 in VYM, against full books of 158 and 613.
Top Shared Holdings
| Stock | Weight in SPE | Weight in VYM | Difference |
|---|---|---|---|
| OWLBlue Owl Capital | 0.73% | 0.03% | 0.70% |
You are not choosing between two funds in isolation.
Whichever of SPE and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPE or VYM?
SPE has an expense ratio of 4.89% while VYM charges 0.04%. VYM is the cheaper option, by $485 a year on a $10,000 investment.
Which performed better, SPE or VYM?
Over the past year SPE returned -8.39% vs +16.61% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), SPE annualized +2.78% vs +6.87% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPE or VYM?
SPE has been the more volatile fund at 16.1% annualized versus 14.6% for VYM. Worst drawdown: SPE -58.5% vs VYM -58.8%.
Should I hold both SPE and VYM?
SPE and VYM have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPE or VYM?
SPE yields 8.33% while VYM yields 2.22%, so SPE currently pays the higher dividend yield.
Is VYM better than SPE?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.