VMFXX vs VYM
Vanguard Federal Money Market Fund Investor Class vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | VMFXX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.11% | 0.04% | |
| AUM | $374.1B | $81.6B | |
| Dividend Yield | 3.46% | 2.24% | |
| Holdings | 320 | 616 | |
| YTD Return | +0.00% | +15.34% | |
| 1Y Return | - | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | - | 14.6% | |
| Max Drawdown | 0.0% | -58.8% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Money Market | Equity | |
| Inception | Jul 13, 1981 | Nov 10, 2006 |
VMFXX vs VYM Performance
Vanguard Federal Money Market Fund Investor Class (VMFXX) is a mutual fund from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Year to date, VMFXX is up 0.00% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was 0.0% for VMFXX 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
VMFXX charges 0.11% per year while VYM charges 0.04%. On a $10,000 position that is $11 vs $4 annually, a gap of $7 per year that compounds over a long holding period. On income, VMFXX currently yields 3.46% against 2.24% for VYM.
Holdings Overlap
VMFXX and VYM share 0 holdings out of 613 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VMFXX or VYM?
VMFXX has an expense ratio of 0.11% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
What is the holdings overlap between VMFXX and VYM?
VMFXX and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 613 unique securities.
Which pays a higher dividend, VMFXX or VYM?
VMFXX yields 3.46% while VYM yields 2.24%, so VMFXX currently pays the higher dividend yield.
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