TOKE vs VYM
Cambria Cannabis ETF vs Vanguard High Dividend Yield ETF
Which is better, TOKE or VYM?
Mid Cap Growth against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window.
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 | TOKE | VYM |
|---|---|---|
| Expense Ratio | 0.44% | 0.04%Best |
| AUM | $14M | $81.6B |
| Dividend Yield | 1.06% | 2.22% |
| Holdings | 24 | 613 |
| Volatility (annualized) | 35.5% | 15.6%Best |
| Max Drawdown | -83.3% | -35.7%Best |
| $10,000 over 6.7 years | $2,670 | $20,292Best |
| Fund Family | Cambria Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Value |
| Inception | Jul 25, 2019 | Nov 10, 2006 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 146 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. TOKE has data through Apr 17, 2026 and VYM through Sep 10, 2026.
Volatility and max drawdown, and the $10,000 over 6.7 years row, are measured over the window both funds cover: Jul 25, 2019 to Apr 17, 2026 (6.7 years).
Risk: Volatility and Drawdowns
TOKE has been the more volatile fund, with annualized monthly volatility of 35.5% compared with 15.6% 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 -83.3% for TOKE 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 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TOKE charges 0.44% per year while VYM charges 0.04%. On a $10,000 position that is $44 vs $4 annually, a gap of $40 per year that compounds over a long holding period. On income, TOKE currently yields 1.06% against 2.22% for VYM.
Holdings Overlap
At least 1.7% of VYM's money is in holdings TOKE also owns.
Stated as a floor: for TOKE, our book for it covers 69.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VYM and TOKE share little of their money.
The two holdings books were reported 151 days apart, TOKE as of Jan 30, 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 16 positions we hold weights for in TOKE and 603 in VYM, against full books of 24 and 613.
You are not choosing between two funds in isolation.
Whichever of TOKE 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, TOKE or VYM?
TOKE has an expense ratio of 0.44% while VYM charges 0.04%. VYM is the cheaper option, by $40 a year on a $10,000 investment.
Which is riskier, TOKE or VYM?
TOKE has been the more volatile fund at 35.5% annualized versus 15.6% for VYM. Worst drawdown: TOKE -83.3% vs VYM -35.7%.
Should I hold both TOKE and VYM?
TOKE and VYM have a monthly-return correlation of 0.55, 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 TOKE and VYM?
At least 1.7% of VYM's money is in holdings TOKE also owns. Our book for TOKE is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 16 positions we hold weights for in TOKE and 603 in VYM.
Which pays a higher dividend, TOKE or VYM?
TOKE yields 1.06% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than TOKE?
VYM has a lower expense ratio. VYM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.