SPVM vs VYM
Invesco S&P 500 Value with Momentum ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. SPVM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | SPVM | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.04% | |
| AUM | $137M | $81.6B | |
| Dividend Yield | 1.92% | 2.24% | |
| Holdings | 102 | 616 | |
| YTD Return | +14.43% | +14.84% | |
| 1Y Return | +22.64% | +20.88% | |
| 3Y Return (annualized) | +18.92% | +18.34% | |
| 5Y Return (annualized) | +11.32% | +12.04% | |
| Volatility (annualized) | 16.5% | 14.6% | |
| Max Drawdown | -45.9% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2011 | Nov 10, 2006 |
SPVM vs VYM Performance
Invesco S&P 500 Value with Momentum ETF (SPVM) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPVM returned +22.64% while VYM returned +20.88%. Year to date, SPVM is up 14.43% versus a gain of 14.84% for VYM.
Over three years, SPVM compounded at +18.92% per year against +18.34% for VYM; over five years the annualized figures are +11.32% and +12.04% respectively. Across the full 15-year window we track, SPVM has the edge at +10.17% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPVM has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -45.9% for SPVM 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPVM charges 0.39% per year while VYM charges 0.04%. On a $10,000 position that is $39 vs $4 annually, a gap of $35 per year that compounds over a long holding period. On income, SPVM currently yields 1.92% against 2.24% for VYM.
Holdings Overlap
SPVM and VYM share 81 holdings out of 623 unique holdings combined, representing a 19.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPVM or VYM?
SPVM has an expense ratio of 0.39% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, SPVM or VYM?
Over the past year SPVM returned +22.64% vs +20.88% for VYM, so SPVM leads on 1-year performance. Over the longest common window we track (15 years), SPVM annualized +10.17% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, SPVM or VYM?
SPVM has been the more volatile fund at 16.5% annualized versus 14.6% for VYM. Worst drawdown: SPVM -45.9% vs VYM -58.8%.
Should I hold both SPVM and VYM?
SPVM and VYM have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPVM and VYM?
SPVM and VYM share 81 common holdings with a 19.3% weight overlap. Combined, they hold 623 unique securities.
Which pays a higher dividend, SPVM or VYM?
SPVM yields 1.92% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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