SPXN vs VYM
ProShares S&P 500 Ex-Financials ETF vs Vanguard High Dividend Yield ETF
Which is better, SPXN or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. SPXN led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 44.0%.
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 | SPXN | VYM |
|---|---|---|
| Expense Ratio | 0.09% | 0.04%Best |
| AUM | $79M | $81.6B |
| Dividend Yield | 0.88% | 2.22% |
| Holdings | 397 | 613 |
| YTD Return | +13.21%Best | +13.08% |
| 1Y Return | +18.04%Best | +17.46% |
| 3Y Return (annualized) | +21.42%Best | +17.73% |
| 5Y Return (annualized) | +13.41%Best | +12.22% |
| Volatility (annualized) | 15.6% | 14.0%Best |
| Max Drawdown | -32.1%Best | -35.7% |
| $10,000 over 5 years | $18,761Best | $17,797 |
| Top 10 Weight | 44.0% | 26.1%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 14, 2026 (11 years).
SPXN 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.
SPXN vs VYM Performance
ProShares S&P 500 Ex-Financials ETF (SPXN) is an ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPXN returned +18.04% while VYM returned +17.46%. Year to date, SPXN is up 13.21% versus a gain of 13.08% for VYM.
Over three years, SPXN compounded at +21.42% per year against +17.73% for VYM; over five years the annualized figures are +13.41% and +12.22% respectively. Across the full 11-year window we track, SPXN has the edge at +14.61% annualized vs +10.67%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXN has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -32.1% for SPXN 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPXN 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, SPXN currently yields 0.88% against 2.22% for VYM.
Holdings Overlap
31.7% of SPXN's money is in holdings VYM also owns. 71.9% of VYM's money is in holdings SPXN also owns.
Most of VYM is already inside SPXN. Owning both mostly buys the same companies twice.
200 positions in common, counted across the 397 positions we hold weights for in SPXN and 557 in VYM, against full books of 397 and 613.
What only one of them owns
Our book lists 331 positions for VYM that do not appear in our book for SPXN (25.9% of the fund), and 189 for SPXN that do not appear in VYM (67.7%).
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 SPXN | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 3.08% | 7.35% | 4.27% |
| XOMExxon Mobil Corp. | 1.17% | 2.63% | 1.46% |
| JNJJohnson & Johnson - Common | 1.13% | 2.51% | 1.38% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.77% | 1.86% | 1.09% |
| ABBVAbbvie Inc. | 0.80% | 1.80% | 1.00% |
| CVXChevron Corp | 0.68% | 1.48% | 0.80% |
| CATCaterpillar, Inc. | 0.65% | 1.50% | 0.85% |
| UNHUnitedhealth Group Incorporated | 0.62% | 1.52% | 0.90% |
| KOCoca Cola Co. | 0.60% | 1.38% | 0.78% |
| PGProcter & Gamble Company | 0.59% | 1.37% | 0.78% |
71.9% of VYM is already inside SPXN.
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, SPXN or VYM?
SPXN 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, SPXN or VYM?
Over the past year SPXN returned +18.04% vs +17.46% for VYM, so SPXN leads on 1-year performance. Over the longest common window we track (11 years), SPXN annualized +14.61% vs +10.67% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXN or VYM?
SPXN has been the more volatile fund at 15.6% annualized versus 14.0% for VYM. Worst drawdown: SPXN -32.1% vs VYM -35.7%.
Should I hold both SPXN and VYM?
SPXN and VYM have a monthly-return correlation of 0.82, 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 SPXN and VYM?
71.9% of VYM's money is in holdings SPXN also owns. 71.9% of VYM's is in holdings SPXN also owns. They hold 200 positions in common, counted across the 397 positions we hold weights for in SPXN and 557 in VYM.
Which pays a higher dividend, SPXN or VYM?
SPXN yields 0.88% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SPXN?
VYM has a lower expense ratio. SPXN led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 44.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.