TNXT vs VYM
T. Rowe Price Innovation Leaders ETF vs Vanguard High Dividend Yield ETF
Which is better, TNXT or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 34.4%.
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 | TNXT | VYM |
|---|---|---|
| Expense Ratio | 0.49% | 0.04%Best |
| AUM | $19M | $95.8B |
| Dividend Yield | 0.00% | 2.23% |
| Holdings | 784 | 610 |
| YTD Return | +10.95% | +15.95%Best |
| 1Y Return | - | +19.62% |
| 3Y Return (annualized) | - | +19.64% |
| 5Y Return (annualized) | - | +11.48% |
| Top 10 Weight | 34.4% | 25.8%Best |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 28, 2026 | Nov 10, 2006 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
TNXT 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.
TNXT vs VYM Performance
T. Rowe Price Innovation Leaders ETF (TNXT) is an ETF from T.Rowe Price and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Year to date, TNXT is up 10.95% versus a gain of 15.95% for VYM.
Past performance does not guarantee future results.
Fees and Cost Over Time
TNXT charges 0.49% per year while VYM charges 0.04%. On a $10,000 position that is $49 vs $4 annually, a gap of $45 per year that compounds over a long holding period. On income, TNXT currently yields 0.00% against 2.23% for VYM.
Holdings Overlap
15.3% of TNXT's money is in holdings VYM also owns. 22.5% of VYM's money is in holdings TNXT also owns.
VYM and TNXT share little of their money.
The two holdings books were reported 57 days apart, TNXT as of Oct 27, 2026 and VYM as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
30 positions in common, counted across the 249 positions we hold weights for in TNXT and 602 in VYM, against full books of 784 and 610.
What only one of them owns
Our book lists 546 positions for VYM that do not appear in our book for TNXT (76.0% of the fund), and 169 for TNXT that do not appear in VYM (74.1%).
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 TNXT | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.56% | 6.94% | 4.38% |
| MRKMerck & Co. Inc. | 1.30% | 1.47% | 0.17% |
| UNHUnitedhealth Group Inc. | 1.08% | 1.42% | 0.34% |
| PGProcter & Gamble Company | 0.89% | 1.36% | 0.47% |
| ABBVAbbvie Inc. | 0.33% | 1.83% | 1.50% |
| GILDGilead Sciences Inc | 0.83% | 0.73% | 0.10% |
| ORCLOracle Corp. | 0.53% | 1.03% | 0.50% |
| AMGNAmgen Inc. | 0.52% | 0.86% | 0.34% |
| ABTAbbott Laboratories | 0.52% | 0.77% | 0.25% |
| BMYBristol-Myers Squibb Co. | 0.68% | 0.55% | 0.13% |
22.5% of VYM is already inside TNXT.
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, TNXT or VYM?
TNXT has an expense ratio of 0.49% while VYM charges 0.04%. VYM is the cheaper option, by $45 a year on a $10,000 investment.
What is the holdings overlap between TNXT and VYM?
22.5% of VYM's money is in holdings TNXT also owns. 22.5% of VYM's is in holdings TNXT also owns. They hold 30 positions in common, counted across the 249 positions we hold weights for in TNXT and 602 in VYM.
Which pays a higher dividend, TNXT or VYM?
TNXT yields 0.00% while VYM yields 2.23%, so VYM currently pays the higher dividend yield.
Is VYM better than TNXT?
VYM has a lower expense ratio. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 34.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.