TFGZ vs VYM
Thornburg Focus Growth Fund ETF vs Vanguard High Dividend Yield ETF
Which is better, TFGZ or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 47.9%.
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 | TFGZ | VYM |
|---|---|---|
| Expense Ratio | 0.79% | 0.04%Best |
| AUM | $7M | $81.6B |
| Dividend Yield | 0.00% | 2.22% |
| Holdings | 44 | 613 |
| YTD Return | +15.17%Best | +13.91% |
| 1Y Return | - | +17.57% |
| 3Y Return (annualized) | - | +18.12% |
| 5Y Return (annualized) | - | +12.17% |
| Top 10 Weight | 47.9% | 25.9%Best |
| Fund Family | Thornburg Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Apr 1, 2026 | Nov 10, 2006 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
TFGZ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
TFGZ vs VYM Performance
Thornburg Focus Growth Fund ETF (TFGZ) is an ETF from Thornburg Investment Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Year to date, TFGZ is up 15.17% versus a gain of 13.91% for VYM.
Past performance does not guarantee future results.
Fees and Cost Over Time
TFGZ charges 0.79% per year while VYM charges 0.04%. On a $10,000 position that is $79 vs $4 annually, a gap of $75 per year that compounds over a long holding period. On income, TFGZ currently yields 0.00% against 2.22% for VYM.
Holdings Overlap
7.4% of TFGZ's money is in holdings VYM also owns. 7.8% of VYM's money is in holdings TFGZ also owns.
VYM and TFGZ share little of their money.
The two holdings books were reported 51 days apart, TFGZ as of Aug 20, 2026 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 43 positions we hold weights for in TFGZ and 603 in VYM, against full books of 44 and 613.
What only one of them owns
Our book lists 565 positions for VYM that do not appear in our book for TFGZ (89.7% of the fund), and 33 for TFGZ that do not appear in VYM (81.4%).
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.
You are not choosing between two funds in isolation.
Whichever of TFGZ and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TFGZ or VYM?
TFGZ has an expense ratio of 0.79% while VYM charges 0.04%. VYM is the cheaper option, by $75 a year on a $10,000 investment.
What is the holdings overlap between TFGZ and VYM?
7.8% of VYM's money is in holdings TFGZ also owns. 7.8% of VYM's is in holdings TFGZ also owns. They hold 3 positions in common, counted across the 43 positions we hold weights for in TFGZ and 603 in VYM.
Which pays a higher dividend, TFGZ or VYM?
TFGZ yields 0.00% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than TFGZ?
VYM has a lower expense ratio. VYM led over 1Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 47.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.