SPYC vs VYM
Simplify US Equity PLUS Convexity ETF vs Vanguard High Dividend Yield ETF
Which is better, SPYC 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. VYM is less concentrated, with 25.8% 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 | SPYC | VYM |
|---|---|---|
| Expense Ratio | 0.53% | 0.04%Best |
| AUM | $70M | $95.8B |
| Dividend Yield | 1.10% | 2.23% |
| Holdings | 407 | 610 |
| YTD Return | +4.63% | +16.00%Best |
| 1Y Return | +2.33% | +18.97%Best |
| 3Y Return (annualized) | +17.28% | +20.46%Best |
| 5Y Return (annualized) | +7.07% | +11.54%Best |
| Volatility (annualized) | 16.3% | 13.9%Best |
| Max Drawdown | -28.5% | -15.8%Best |
| $10,000 over 5 years | $14,071 | $17,264Best |
| Top 10 Weight | 44.0% | 25.8%Best |
| Fund Family | Simplify Exchange Traded Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 3, 2020 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Sep 4, 2020 to Nov 11, 2026 (6.2 years).
SPYC 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 6.2 years both funds cover.
SPYC vs VYM Performance
Simplify US Equity PLUS Convexity ETF (SPYC) is an ETF from Simplify Exchange Traded Funds and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPYC returned +2.33% while VYM returned +18.97%. Year to date, SPYC is up 4.63% versus a gain of 16.00% for VYM.
Over three years, SPYC compounded at +17.28% per year against +20.46% for VYM; over five years the annualized figures are +7.07% and +11.54% respectively. Across the full 6-year window we track, VYM has the edge at +14.62% annualized vs +11.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYC has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 13.9% 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 -28.5% for SPYC and -15.8% 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPYC charges 0.53% per year while VYM charges 0.04%. On a $10,000 position that is $53 vs $4 annually, a gap of $49 per year that compounds over a long holding period. On income, SPYC currently yields 1.10% against 2.23% for VYM.
Holdings Overlap
35.1% of SPYC's money is in holdings VYM also owns. 61.7% of VYM's money is in holdings SPYC also owns.
The two portfolios partly overlap.
82 positions in common, counted across the 166 positions we hold weights for in SPYC and 602 in VYM, against full books of 407 and 610.
What only one of them owns
Our book lists 496 positions for VYM that do not appear in our book for SPYC (38.0% of the fund), and 83 for SPYC that do not appear in VYM (63.8%).
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 SPYC | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 3.75% | 6.94% | 3.19% |
| JPMJpmorgan Chase | 1.25% | 3.83% | 2.58% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.40% | 2.70% | 1.30% |
| JNJJohnson & Johnson - Common | 0.87% | 2.58% | 1.71% |
| PMPhilip Morris International Inc. | 2.13% | 1.18% | 0.95% |
| MRKMerck & Company Inc | 1.20% | 1.47% | 0.27% |
| ABBVAbbvie Inc. | 0.74% | 1.83% | 1.09% |
| LMTLockheed Martin | 1.99% | 0.46% | 1.53% |
| CVXChevron Corp | 0.65% | 1.54% | 0.89% |
| BACBank of America Corp.: Financials | 0.53% | 1.65% | 1.12% |
61.7% of VYM is already inside SPYC.
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, SPYC or VYM?
SPYC has an expense ratio of 0.53% while VYM charges 0.04%. VYM is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, SPYC or VYM?
Over the past year SPYC returned +2.33% vs +18.97% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), SPYC annualized +11.15% vs +14.62% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYC or VYM?
SPYC has been the more volatile fund at 16.3% annualized versus 13.9% for VYM. Worst drawdown: SPYC -28.5% vs VYM -15.8%.
Should I hold both SPYC and VYM?
SPYC and VYM have a monthly-return correlation of 0.68, 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 SPYC and VYM?
61.7% of VYM's money is in holdings SPYC also owns. 61.7% of VYM's is in holdings SPYC also owns. They hold 82 positions in common, counted across the 166 positions we hold weights for in SPYC and 602 in VYM.
Which pays a higher dividend, SPYC or VYM?
SPYC yields 1.10% while VYM yields 2.23%, so VYM currently pays the higher dividend yield.
Is VYM better than SPYC?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 25.8% 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.