VIOV vs VYM
Vanguard S&P Small Cap 600 Value ETF vs Vanguard High Dividend Yield ETF
Which is better, VIOV or VYM?
Small Cap Value against Large Cap Value.
VYM has a lower expense ratio. VIOV led over 1Y and the full window, VYM over 3Y and 5Y. VIOV is less concentrated, with 8.3% of the fund in its ten largest positions against 26.1%.
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 | VIOV | VYM |
|---|---|---|
| Expense Ratio | 0.10% | 0.04%Best |
| AUM | $2.0B | $81.6B |
| Dividend Yield | 1.67% | 2.22% |
| Holdings | 468 | 613 |
| YTD Return | +14.67%Best | +10.24% |
| 1Y Return | +21.15%Best | +14.89% |
| 3Y Return (annualized) | +16.10% | +18.00%Best |
| 5Y Return (annualized) | +6.63% | +11.42%Best |
| Volatility (annualized) | 20.1% | 12.9%Best |
| Max Drawdown | -48.9% | -35.7%Best |
| $10,000 over 5 years | $13,785 | $17,172Best |
| Top 10 Weight | 8.3%Best | 26.1% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | 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 25, 2026 (16 years).
VIOV 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.
VIOV vs VYM Performance
Vanguard S&P Small Cap 600 Value ETF (VIOV) is an ETF from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year VIOV returned +21.15% while VYM returned +14.89%. Year to date, VIOV is up 14.67% versus a gain of 10.24% for VYM.
Over three years, VIOV compounded at +16.10% per year against +18.00% for VYM; over five years the annualized figures are +6.63% and +11.42% respectively. Across the full 16-year window we track, VIOV has the edge at +10.51% annualized vs +10.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIOV has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -48.9% for VIOV 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VIOV charges 0.10% per year while VYM charges 0.04%. On a $10,000 position that is $10 vs $4 annually, a gap of $6 per year that compounds over a long holding period. On income, VIOV currently yields 1.67% against 2.22% for VYM.
Holdings Overlap
35.4% of VIOV's money is in holdings VYM also owns. 1.7% of VYM's money is in holdings VIOV also owns.
The two portfolios partly overlap.
119 positions in common, counted across the 459 positions we hold weights for in VIOV and 557 in VYM, against full books of 468 and 613.
What only one of them owns
Our book lists 421 positions for VYM that do not appear in our book for VIOV (95.4% of the fund), and 337 for VIOV that do not appear in VYM (63.1%).
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 VIOV | Weight in VYM | Difference |
|---|---|---|---|
| MTCHMatch Group Inc | 1.00% | 0.04% | 0.96% |
| JXNJackson Financial Inc USD | 0.92% | 0.03% | 0.89% |
| EMNEastman Chemical Co. | 0.87% | 0.03% | 0.84% |
| LNCLincoln National Corp. | 0.84% | 0.03% | 0.81% |
| SMSm Energy Co | 0.80% | 0.03% | 0.77% |
| LWLambwestonholdings Inc. | 0.79% | 0.03% | 0.76% |
| CAGConagra Brands Inc. | 0.75% | 0.03% | 0.72% |
| AUBAtlantic Union Bankshares Corp. | 0.66% | 0.02% | 0.64% |
| POOLPool Corp. | 0.65% | 0.02% | 0.63% |
| MGYMagnolia Oil & Gas Corp | 0.64% | 0.02% | 0.62% |
35.4% of VIOV 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, VIOV or VYM?
VIOV has an expense ratio of 0.10% while VYM charges 0.04%. VYM is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, VIOV or VYM?
Over the past year VIOV returned +21.15% vs +14.89% for VYM, so VIOV leads on 1-year performance. Over the longest common window we track (16 years), VIOV annualized +10.51% vs +10.34% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VIOV or VYM?
VIOV has been the more volatile fund at 20.1% annualized versus 12.9% for VYM. Worst drawdown: VIOV -48.9% vs VYM -35.7%.
Should I hold both VIOV and VYM?
VIOV and VYM have a monthly-return correlation of 0.86, 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 VIOV and VYM?
35.4% of VIOV's money is in holdings VYM also owns. 1.7% of VYM's is in holdings VIOV also owns. They hold 119 positions in common, counted across the 459 positions we hold weights for in VIOV and 557 in VYM.
Which pays a higher dividend, VIOV or VYM?
VIOV yields 1.67% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than VIOV?
VYM has a lower expense ratio. VIOV led over 1Y and the full window, VYM over 3Y and 5Y. VIOV is less concentrated, with 8.3% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.