SPXT vs VYM
ProShares S&P 500 Ex-Technology ETF vs Vanguard High Dividend Yield ETF
Which is better, SPXT or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 30.4%.
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 | SPXT | VYM |
|---|---|---|
| Expense Ratio | 0.09% | 0.04%Best |
| AUM | $295M | $81.6B |
| Dividend Yield | 1.33% | 2.22% |
| Holdings | 430 | 613 |
| YTD Return | +6.83% | +13.08%Best |
| 1Y Return | +10.98% | +17.46%Best |
| 3Y Return (annualized) | +15.80% | +17.73%Best |
| 5Y Return (annualized) | +9.32% | +12.22%Best |
| Volatility (annualized) | 14.3% | 14.0%Best |
| Max Drawdown | -34.4%Best | -35.7% |
| $10,000 over 5 years | $15,613 | $17,797Best |
| Top 10 Weight | 30.4% | 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).
SPXT 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.
SPXT vs VYM Performance
ProShares S&P 500 Ex-Technology ETF (SPXT) is an ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPXT returned +10.98% while VYM returned +17.46%. Year to date, SPXT is up 6.83% versus a gain of 13.08% for VYM.
Over three years, SPXT compounded at +15.80% per year against +17.73% for VYM; over five years the annualized figures are +9.32% and +12.22% respectively. Across the full 11-year window we track, VYM has the edge at +10.67% annualized vs +10.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXT has been the more volatile fund, with annualized monthly volatility of 14.3% 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 -34.4% for SPXT 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPXT 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, SPXT currently yields 1.33% against 2.22% for VYM.
Holdings Overlap
44.8% of SPXT's money is in holdings VYM also owns. 73.3% of VYM's money is in holdings SPXT also owns.
Most of VYM is already inside SPXT. Owning both mostly buys the same companies twice.
229 positions in common, counted across the 429 positions we hold weights for in SPXT and 557 in VYM, against full books of 430 and 613.
What only one of them owns
Our book lists 301 positions for VYM that do not appear in our book for SPXT (24.1% of the fund), and 192 for SPXT that do not appear in VYM (54.2%).
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 SPXT | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 2.32% | 3.82% | 1.50% |
| XOMExxon Mobil Corp. | 1.62% | 2.63% | 1.01% |
| JNJJohnson & Johnson - Common | 1.56% | 2.51% | 0.95% |
| ABBVAbbvie Inc. | 1.10% | 1.80% | 0.70% |
| CVXChevron Corp | 0.94% | 1.48% | 0.54% |
| CATCaterpillar, Inc. | 0.89% | 1.50% | 0.61% |
| UNHUnitedhealth Group Incorporated | 0.86% | 1.52% | 0.66% |
| KOCoca Cola Co. | 0.83% | 1.38% | 0.55% |
| MRKMerck & Company Inc | 0.89% | 1.31% | 0.42% |
| PGProcter & Gamble Company | 0.82% | 1.37% | 0.55% |
73.3% of VYM is already inside SPXT.
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, SPXT or VYM?
SPXT 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, SPXT or VYM?
Over the past year SPXT returned +10.98% vs +17.46% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (11 years), SPXT annualized +10.56% vs +10.67% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXT or VYM?
SPXT has been the more volatile fund at 14.3% annualized versus 14.0% for VYM. Worst drawdown: SPXT -34.4% vs VYM -35.7%.
Should I hold both SPXT and VYM?
SPXT and VYM have a monthly-return correlation of 0.93, 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 SPXT and VYM?
73.3% of VYM's money is in holdings SPXT also owns. 73.3% of VYM's is in holdings SPXT also owns. They hold 229 positions in common, counted across the 429 positions we hold weights for in SPXT and 557 in VYM.
Which pays a higher dividend, SPXT or VYM?
SPXT yields 1.33% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SPXT?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 30.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.