VOO vs VYM
Vanguard S&P 500 ETF vs Vanguard High Dividend Yield ETF
Which is better, VOO or VYM?
Large Cap Blend against Large Cap Value.
VOO has a lower expense ratio. VOO led over 3Y, 5Y and the full window, VYM over 1Y. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 37.9%.
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 | VOO | VYM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.04% |
| AUM | $1.0T | $78.9B |
| Dividend Yield | 1.06% | 2.37% |
| Holdings | 506 | 608 |
| YTD Return | +11.54% | +15.12%Best |
| 1Y Return | +12.41% | +19.10%Best |
| 3Y Return (annualized) | +23.41%Best | +20.95% |
| 5Y Return (annualized) | +12.01%Best | +11.68% |
| Volatility (annualized) | 14.1% | 12.9%Best |
| Max Drawdown | -34.3%Best | -35.7% |
| $10,000 over 5 years | $17,631Best | $17,373 |
| Top 10 Weight | 37.9% | 25.8%Best |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large 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 Oct 30, 2026 (16.1 years).
VOO 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 16.1 years both funds cover.
VOO vs VYM Performance
Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year VOO returned +12.41% while VYM returned +19.10%. Year to date, VOO is up 11.54% versus a gain of 15.12% for VYM.
Over three years, VOO compounded at +23.41% per year against +20.95% for VYM; over five years the annualized figures are +12.01% and +11.68% respectively. Across the full 16-year window we track, VOO has the edge at +13.23% annualized vs +10.58%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VOO charges 0.03% per year while VYM charges 0.04%. On a $10,000 position that is $3 vs $4 annually, a gap of $1 per year that compounds over a long holding period. On income, VOO currently yields 1.06% against 2.37% for VYM.
Holdings Overlap
34.5% of VOO's money is in holdings VYM also owns. 91.3% of VYM's money is in holdings VOO also owns.
Most of VYM is already inside VOO. Owning both mostly buys the same companies twice.
255 positions in common, counted across the 504 positions we hold weights for in VOO and 602 in VYM, against full books of 506 and 608.
What only one of them owns
Our book lists 322 positions for VYM that do not appear in our book for VOO (7.4% of the fund), and 246 for VOO that do not appear in VYM (65.4%).
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 VOO | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.65% | 6.94% | 4.29% |
| JPMJpmorgan Chase | 1.44% | 3.83% | 2.39% |
| XOMExxonmobil Corp. | 1.01% | 2.70% | 1.69% |
| JNJJohnson & Johnson - Common | 0.97% | 2.58% | 1.61% |
| ABBVAbbvie Inc. | 0.69% | 1.83% | 1.14% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 1.76% | 1.10% |
| BACBank of America Corp.: Financials | 0.61% | 1.65% | 1.04% |
| CVXChevron Corp | 0.58% | 1.54% | 0.96% |
| CATCaterpillar, Inc. | 0.56% | 1.46% | 0.90% |
| MRKMerck & Company Inc | 0.55% | 1.47% | 0.92% |
91.3% of VYM is already inside VOO.
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, VOO or VYM?
VOO has an expense ratio of 0.03% while VYM charges 0.04%. VOO is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, VOO or VYM?
Over the past year VOO returned +12.41% vs +19.10% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.23% vs +10.58% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOO or VYM?
VOO has been the more volatile fund at 14.1% annualized versus 12.9% for VYM. Worst drawdown: VOO -34.3% vs VYM -35.7%.
Should I hold both VOO and VYM?
VOO and VYM have a monthly-return correlation of 0.89, 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 VOO and VYM?
91.3% of VYM's money is in holdings VOO also owns. 91.3% of VYM's is in holdings VOO also owns. They hold 255 positions in common, counted across the 504 positions we hold weights for in VOO and 602 in VYM.
Which pays a higher dividend, VOO or VYM?
VOO yields 1.06% while VYM yields 2.37%, so VYM currently pays the higher dividend yield.
Is VYM better than VOO?
VOO has a lower expense ratio. VOO led over 3Y, 5Y and the full window, VYM over 1Y. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.