VIOO vs VYM
Vanguard S&P Small-Cap 600 ETF vs Vanguard High Dividend Yield ETF
Which is better, VIOO or VYM?
Small Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VIOO led over 1Y and the full window, VYM over 3Y and 5Y. VIOO is less concentrated, with 5.8% of the fund in its ten largest positions against 25.9%.
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 | VIOO | VYM |
|---|---|---|
| Expense Ratio | 0.07% | 0.04%Best |
| AUM | $4.2B | $81.6B |
| Dividend Yield | 1.13% | 2.22% |
| Holdings | 613 | 613 |
| YTD Return | +17.60%Best | +13.91% |
| 1Y Return | +19.98%Best | +17.57% |
| 3Y Return (annualized) | +15.30% | +18.12%Best |
| 5Y Return (annualized) | +6.96% | +12.17%Best |
| Volatility (annualized) | 18.9% | 12.9%Best |
| Max Drawdown | -44.1% | -35.7%Best |
| $10,000 over 5 years | $13,999 | $17,758Best |
| Top 10 Weight | 5.8%Best | 25.9% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Sep 7, 2010 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 11, 2026 (16 years).
VIOO 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 16 years both funds cover.
VIOO vs VYM Performance
Vanguard S&P Small-Cap 600 ETF (VIOO) is an ETF from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year VIOO returned +19.98% while VYM returned +17.57%. Year to date, VIOO is up 17.60% versus a gain of 13.91% for VYM.
Over three years, VIOO compounded at +15.30% per year against +18.12% for VYM; over five years the annualized figures are +6.96% and +12.17% respectively. Across the full 16-year window we track, VIOO has the edge at +12.20% annualized vs +10.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIOO has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 12.9% 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 -44.1% for VIOO 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VIOO charges 0.07% per year while VYM charges 0.04%. On a $10,000 position that is $7 vs $4 annually, a gap of $3 per year that compounds over a long holding period. On income, VIOO currently yields 1.13% against 2.22% for VYM.
Holdings Overlap
25.9% of VIOO's money is in holdings VYM also owns. 2.0% of VYM's money is in holdings VIOO also owns.
VIOO and VYM share little of their money.
151 positions in common, counted across the 607 positions we hold weights for in VIOO and 603 in VYM, against full books of 613 and 613.
What only one of them owns
Our book lists 428 positions for VYM that do not appear in our book for VIOO (95.6% of the fund), and 440 for VIOO that do not appear in VYM (71.8%).
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 VIOO | Weight in VYM | Difference |
|---|---|---|---|
| EMNEastman Chemical Co. | 0.41% | 0.03% | 0.38% |
| AROCArchrock, Inc. | 0.39% | 0.03% | 0.36% |
| JXNJackson Financial Inc USD | 0.39% | 0.03% | 0.36% |
| VSHVishay Intertechnology Inc | 0.39% | 0.03% | 0.36% |
| KLIC:SIKulicke & Soffa Industries Inc Adr | 0.38% | 0.03% | 0.35% |
| POOLPool Corp. | 0.37% | 0.03% | 0.34% |
| LKQLkq Corp. | 0.36% | 0.03% | 0.33% |
| LNCLincoln National Corp. | 0.33% | 0.03% | 0.30% |
| AUBAtlantic Union Bankshares Corp Common Stock USD 1.33 | 0.33% | 0.02% | 0.31% |
| SMSm Energy Co | 0.32% | 0.03% | 0.29% |
25.9% of VIOO is already inside VYM.
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, VIOO or VYM?
VIOO has an expense ratio of 0.07% while VYM charges 0.04%. VYM is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, VIOO or VYM?
Over the past year VIOO returned +19.98% vs +17.57% for VYM, so VIOO leads on 1-year performance. Over the longest common window we track (16 years), VIOO annualized +12.20% vs +10.60% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VIOO or VYM?
VIOO has been the more volatile fund at 18.9% annualized versus 12.9% for VYM. Worst drawdown: VIOO -44.1% vs VYM -35.7%.
Should I hold both VIOO and VYM?
VIOO and VYM have a monthly-return correlation of 0.85, 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 VIOO and VYM?
25.9% of VIOO's money is in holdings VYM also owns. 2.0% of VYM's is in holdings VIOO also owns. They hold 151 positions in common, counted across the 607 positions we hold weights for in VIOO and 603 in VYM.
Which pays a higher dividend, VIOO or VYM?
VIOO yields 1.13% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than VIOO?
VYM has a lower expense ratio. VIOO led over 1Y and the full window, VYM over 3Y and 5Y. VIOO is less concentrated, with 5.8% of the fund in its ten largest positions against 25.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.