VCHY vs VYM
Vanguard US High-Yield Corporate Bond Index ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VCHY offers more diversification with 1,079 holdings.
Side-by-Side Comparison
| Metric | VCHY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.04% | |
| AUM | $38M | $81.6B | |
| Dividend Yield | 0.50% | 2.24% | |
| Holdings | 1,079 | 616 | |
| YTD Return | +0.02% | +16.42% | |
| 1Y Return | - | +24.22% | |
| 3Y Return (annualized) | - | +19.03% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | - | 14.6% | |
| Max Drawdown | -1.2% | -58.8% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 19, 2026 | Nov 10, 2006 |
VCHY vs VYM Performance
Vanguard US High-Yield Corporate Bond Index ETF (VCHY) is a ETF from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Year to date, VCHY is up 0.02% versus a gain of 16.42% for VYM.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -1.2% for VCHY and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
VCHY charges 0.05% per year while VYM charges 0.04%. On a $10,000 position that is $5 vs $4 annually, a gap of $1 per year that compounds over a long holding period. On income, VCHY currently yields 0.50% against 2.24% for VYM.
Holdings Overlap
VCHY and VYM share 2 holdings out of 1680 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in VCHY | Weight in VYM | Difference |
|---|---|---|---|
| PFSI 4.25 02/15/29 1 | 0.09% | 0.01% | 0.08% |
| MTCHII 5 12/15/27 14 | 0.02% | 0.04% | 0.02% |
Frequently Asked Questions
Which is cheaper, VCHY or VYM?
VCHY has an expense ratio of 0.05% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
What is the holdings overlap between VCHY and VYM?
VCHY and VYM share 2 common holdings with a 0.0% weight overlap. Combined, they hold 1680 unique securities.
Which pays a higher dividend, VCHY or VYM?
VCHY yields 0.50% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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