VOOV vs VYM
Vanguard S&P 500 Value ETF vs Vanguard High Dividend Yield ETF
Which is better, VOOV or VYM?
Nearly the same fund. VYM costs less.
VYM has a lower expense ratio. VOOV led over the full window, VYM over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.96. VOOV is less concentrated, with 23.6% 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 | VOOV | VYM |
|---|---|---|
| Expense Ratio | 0.07% | 0.04%Best |
| AUM | $6.8B | $81.6B |
| Dividend Yield | 1.66% | 2.22% |
| Holdings | 444 | 613 |
| YTD Return | +10.03% | +11.71%Best |
| 1Y Return | +15.97% | +16.24%Best |
| 3Y Return (annualized) | +15.19% | +17.24%Best |
| 5Y Return (annualized) | +11.46% | +11.86%Best |
| Volatility (annualized) | 14.3% | 12.9%Best |
| Max Drawdown | -37.7% | -35.7%Best |
| $10,000 over 5 years | $17,203 | $17,514Best |
| Top 10 Weight | 23.6%Best | 26.1% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large 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 16, 2026 (16 years).
VOOV 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.
VOOV vs VYM Performance
Vanguard S&P 500 Value ETF (VOOV) is an ETF from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year VOOV returned +15.97% while VYM returned +16.24%. Year to date, VOOV is up 10.03% versus a gain of 11.71% for VYM.
Over three years, VOOV compounded at +15.19% per year against +17.24% for VYM; over five years the annualized figures are +11.46% and +11.86% respectively. Across the full 16-year window we track, VOOV has the edge at +10.48% annualized vs +10.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOOV has been the more volatile fund, with annualized monthly volatility of 14.3% 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 -37.7% for VOOV 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VOOV 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, VOOV currently yields 1.66% against 2.22% for VYM.
Holdings Overlap
56.3% of VOOV's money is in holdings VYM also owns. 80.5% of VYM's money is in holdings VOOV also owns.
Most of VYM is already inside VOOV. Owning both mostly buys the same companies twice.
240 positions in common, counted across the 431 positions we hold weights for in VOOV and 557 in VYM, against full books of 444 and 613.
What only one of them owns
Our book lists 291 positions for VYM that do not appear in our book for VOOV (17.3% of the fund), and 190 for VOOV that do not appear in VYM (42.9%).
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 VOOV | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 1.02% | 3.82% | 2.80% |
| XOMExxon Mobil Corp. | 2.18% | 2.63% | 0.45% |
| JNJJohnson & Johnson - Common | 0.86% | 2.51% | 1.65% |
| BACBank of America Corp.: Financials | 1.37% | 1.66% | 0.29% |
| UNHUnitedhealth Group Incorporated | 1.27% | 1.52% | 0.25% |
| CVXChevron Corp | 1.25% | 1.48% | 0.23% |
| ABBVAbbvie Inc. | 0.81% | 1.80% | 0.99% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.73% | 1.86% | 1.13% |
| PGProcter & Gamble Company | 1.14% | 1.37% | 0.23% |
| HDHome Depot Inc/The | 1.12% | 1.34% | 0.22% |
80.5% of VYM is already inside VOOV.
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, VOOV or VYM?
VOOV 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, VOOV or VYM?
Over the past year VOOV returned +15.97% vs +16.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (16 years), VOOV annualized +10.48% vs +10.45% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOOV or VYM?
VOOV has been the more volatile fund at 14.3% annualized versus 12.9% for VYM. Worst drawdown: VOOV -37.7% vs VYM -35.7%.
Should I hold both VOOV and VYM?
VOOV and VYM have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between VOOV and VYM?
80.5% of VYM's money is in holdings VOOV also owns. 80.5% of VYM's is in holdings VOOV also owns. They hold 240 positions in common, counted across the 431 positions we hold weights for in VOOV and 557 in VYM.
Which pays a higher dividend, VOOV or VYM?
VOOV yields 1.66% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than VOOV?
VYM has a lower expense ratio. VOOV led over the full window, VYM over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.96. VOOV is less concentrated, with 23.6% 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.