SPXE vs VYM
ProShares S&P 500 Ex-Energy ETF vs Vanguard High Dividend Yield ETF
Which is better, SPXE or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. SPXE led over 3Y, 5Y and the full window, VYM over 1Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 39.1%.
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 | SPXE | VYM |
|---|---|---|
| Expense Ratio | 0.09% | 0.04%Best |
| AUM | $87M | $81.6B |
| Dividend Yield | 0.94% | 2.22% |
| Holdings | 483 | 613 |
| YTD Return | +11.70% | +13.91%Best |
| 1Y Return | +16.44% | +17.57%Best |
| 3Y Return (annualized) | +21.34%Best | +18.12% |
| 5Y Return (annualized) | +12.37%Best | +12.17% |
| Volatility (annualized) | 15.2% | 14.0%Best |
| Max Drawdown | -32.3%Best | -35.7% |
| $10,000 over 5 years | $17,916Best | $17,758 |
| Top 10 Weight | 39.1% | 25.9%Best |
| Fund Family | ProShares | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 22, 2015 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2015 to Sep 11, 2026 (11 years).
SPXE 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 11 years both funds cover.
SPXE vs VYM Performance
ProShares S&P 500 Ex-Energy ETF (SPXE) is an ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPXE returned +16.44% while VYM returned +17.57%. Year to date, SPXE is up 11.70% versus a gain of 13.91% for VYM.
Over three years, SPXE compounded at +21.34% per year against +18.12% for VYM; over five years the annualized figures are +12.37% and +12.17% respectively. Across the full 11-year window we track, SPXE has the edge at +14.45% annualized vs +10.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXE has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 14.0% 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 -32.3% for SPXE 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPXE charges 0.09% per year while VYM charges 0.04%. On a $10,000 position that is $9 vs $4 annually, a gap of $5 per year that compounds over a long holding period. On income, SPXE currently yields 0.94% against 2.22% for VYM.
Holdings Overlap
31.4% of SPXE's money is in holdings VYM also owns. 80.3% of VYM's money is in holdings SPXE also owns.
Most of VYM is already inside SPXE. Owning both mostly buys the same companies twice.
220 positions in common, counted across the 482 positions we hold weights for in SPXE and 603 in VYM, against full books of 483 and 613.
What only one of them owns
Our book lists 346 positions for VYM that do not appear in our book for SPXE (17.1% of the fund), and 244 for SPXE that do not appear in VYM (67.4%).
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 SPXE | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 3.07% | 7.29% | 4.22% |
| JPMJpmorgan Chase & Co. | 1.49% | 3.38% | 1.89% |
| JNJJohnson & Johnson | 0.96% | 2.54% | 1.58% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.74% | 1.93% | 1.19% |
| CATCaterpillar, Inc. | 0.62% | 2.01% | 1.39% |
| ABBVAbbvie Inc. | 0.67% | 1.85% | 1.18% |
| BACBank Of America Corp. | 0.64% | 1.56% | 0.92% |
| UNHUnitedhealth Group Inc. | 0.58% | 1.56% | 0.98% |
| HDHome Depot Inc/The | 0.54% | 1.46% | 0.92% |
| PGProcter & Gamble Company | 0.53% | 1.42% | 0.89% |
80.3% of VYM is already inside SPXE.
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, SPXE or VYM?
SPXE has an expense ratio of 0.09% while VYM charges 0.04%. VYM is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, SPXE or VYM?
Over the past year SPXE returned +16.44% vs +17.57% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (11 years), SPXE annualized +14.45% vs +10.75% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXE or VYM?
SPXE has been the more volatile fund at 15.2% annualized versus 14.0% for VYM. Worst drawdown: SPXE -32.3% vs VYM -35.7%.
Should I hold both SPXE and VYM?
SPXE and VYM have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPXE and VYM?
80.3% of VYM's money is in holdings SPXE also owns. 80.3% of VYM's is in holdings SPXE also owns. They hold 220 positions in common, counted across the 482 positions we hold weights for in SPXE and 603 in VYM.
Which pays a higher dividend, SPXE or VYM?
SPXE yields 0.94% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SPXE?
VYM has a lower expense ratio. SPXE led over 3Y, 5Y and the full window, VYM over 1Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 39.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.