SPXV vs VYM
ProShares S&P 500 Ex-Health Care ETF vs Vanguard High Dividend Yield ETF
Which is better, SPXV or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. SPXV 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 42.0%.
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 | SPXV | VYM |
|---|---|---|
| Expense Ratio | 0.09% | 0.04%Best |
| AUM | $41M | $83.1B |
| Dividend Yield | 0.91% | 2.22% |
| Holdings | 445 | 608 |
| YTD Return | +14.14%Best | +10.00% |
| 1Y Return | +16.06%Best | +13.75% |
| 3Y Return (annualized) | +25.30%Best | +18.81% |
| 5Y Return (annualized) | +14.68%Best | +11.63% |
| Volatility (annualized) | 16.1% | 14.0%Best |
| Max Drawdown | -34.3%Best | -35.7% |
| $10,000 over 5 years | $19,835Best | $17,334 |
| Top 10 Weight | 42.0% | 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 Oct 2, 2026 (11 years).
SPXV 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.
SPXV vs VYM Performance
ProShares S&P 500 Ex-Health Care ETF (SPXV) is an ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPXV returned +16.06% while VYM returned +13.75%. Year to date, SPXV is up 14.14% versus a gain of 10.00% for VYM.
Over three years, SPXV compounded at +25.30% per year against +18.81% for VYM; over five years the annualized figures are +14.68% and +11.63% respectively. Across the full 11-year window we track, SPXV has the edge at +14.74% annualized vs +10.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXV has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -34.3% for SPXV 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
SPXV 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, SPXV currently yields 0.91% against 2.22% for VYM.
Holdings Overlap
31.8% of SPXV's money is in holdings VYM also owns. 77.3% of VYM's money is in holdings SPXV also owns.
Most of VYM is already inside SPXV. Owning both mostly buys the same companies twice.
230 positions in common, counted across the 444 positions we hold weights for in SPXV and 557 in VYM, against full books of 445 and 608.
What only one of them owns
Our book lists 300 positions for VYM that do not appear in our book for SPXV (19.9% of the fund), and 206 for SPXV that do not appear in VYM (67.6%).
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 SPXV | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.74% | 7.35% | 4.61% |
| JPMJpmorgan Chase | 1.58% | 3.82% | 2.24% |
| XOMExxon Mobil Corp. | 1.15% | 2.63% | 1.48% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.73% | 1.86% | 1.13% |
| BACBank Of America Corp | 0.65% | 1.66% | 1.01% |
| CVXChevron Corp | 0.67% | 1.48% | 0.81% |
| CATCaterpillar, Inc. | 0.61% | 1.50% | 0.89% |
| KOCoca Cola Co. | 0.58% | 1.38% | 0.80% |
| PGProcter & Gamble Company | 0.57% | 1.37% | 0.80% |
| HDHome Depot Inc/The | 0.52% | 1.34% | 0.82% |
77.3% of VYM is already inside SPXV.
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, SPXV or VYM?
SPXV 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, SPXV or VYM?
Over the past year SPXV returned +16.06% vs +13.75% for VYM, so SPXV leads on 1-year performance. Over the longest common window we track (11 years), SPXV annualized +14.74% vs +10.34% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXV or VYM?
SPXV has been the more volatile fund at 16.1% annualized versus 14.0% for VYM. Worst drawdown: SPXV -34.3% vs VYM -35.7%.
Should I hold both SPXV and VYM?
SPXV 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 SPXV and VYM?
77.3% of VYM's money is in holdings SPXV also owns. 77.3% of VYM's is in holdings SPXV also owns. They hold 230 positions in common, counted across the 444 positions we hold weights for in SPXV and 557 in VYM.
Which pays a higher dividend, SPXV or VYM?
SPXV yields 0.91% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SPXV?
VYM has a lower expense ratio. SPXV 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 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.