VTV vs VYM
Vanguard Morningstar Value ETF vs Vanguard High Dividend Yield ETF
Which is better, VTV or VYM?
Nearly the same fund. VTV costs less.
VTV has a lower expense ratio. VTV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. VTV is less concentrated, with 22.5% 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 | VTV | VYM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.04% |
| AUM | $187.8B | $81.6B |
| Dividend Yield | 1.82% | 2.22% |
| Holdings | 311 | 613 |
| YTD Return | +16.32%Best | +11.47% |
| 1Y Return | +21.94%Best | +15.94% |
| 3Y Return (annualized) | +19.16%Best | +18.03% |
| 5Y Return (annualized) | +13.02%Best | +12.35% |
| Volatility (annualized) | 15.3% | 14.6%Best |
| Max Drawdown | -61.3% | -58.8%Best |
| $10,000 over 5 years | $18,441Best | $17,901 |
| Top 10 Weight | 22.5%Best | 26.1% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 26, 2004 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 21, 2026 (19.8 years).
VTV 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 19.8 years both funds cover.
VTV vs VYM Performance
Vanguard Morningstar Value ETF (VTV) is an ETF from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year VTV returned +21.94% while VYM returned +15.94%. Year to date, VTV is up 16.32% versus a gain of 11.47% for VYM.
Over three years, VTV compounded at +19.16% per year against +18.03% for VYM; over five years the annualized figures are +13.02% and +12.35% respectively. Across the full 20-year window we track, VTV has the edge at +6.95% annualized vs +6.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTV has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.6% 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 -61.3% for VTV and -58.8% 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VTV 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, VTV currently yields 1.82% against 2.22% for VYM.
Holdings Overlap
67.7% of VTV's money is in holdings VYM also owns. 75.7% of VYM's money is in holdings VTV also owns.
Most of VYM is already inside VTV. Owning both mostly buys the same companies twice.
191 positions in common, counted across the 299 positions we hold weights for in VTV and 557 in VYM, against full books of 311 and 613.
What only one of them owns
Our book lists 339 positions for VYM that do not appear in our book for VTV (21.6% of the fund), and 102 for VTV that do not appear in VYM (29.6%).
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 VTV | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 3.50% | 3.82% | 0.32% |
| XOMExxon Mobil Corp. | 2.39% | 2.63% | 0.24% |
| JNJJohnson & Johnson - Common | 2.29% | 2.51% | 0.22% |
| ABBVAbbvie Inc. | 1.65% | 1.80% | 0.15% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.53% | 1.86% | 0.33% |
| BACBank of America Corp.: Financials | 1.47% | 1.66% | 0.19% |
| UNHUnitedhealth Group Incorporated | 1.40% | 1.52% | 0.12% |
| CATCaterpillar, Inc. | 1.39% | 1.50% | 0.11% |
| CVXChevron Corp | 1.38% | 1.48% | 0.10% |
| PGProcter & Gamble Company | 1.25% | 1.37% | 0.12% |
75.7% of VYM is already inside VTV.
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, VTV or VYM?
VTV has an expense ratio of 0.03% while VYM charges 0.04%. VTV is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, VTV or VYM?
Over the past year VTV returned +21.94% vs +15.94% for VYM, so VTV leads on 1-year performance. Over the longest common window we track (20 years), VTV annualized +6.95% vs +6.82% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VTV or VYM?
VTV has been the more volatile fund at 15.3% annualized versus 14.6% for VYM. Worst drawdown: VTV -61.3% vs VYM -58.8%.
Should I hold both VTV and VYM?
VTV and VYM have a monthly-return correlation of 0.98, 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 VTV and VYM?
75.7% of VYM's money is in holdings VTV also owns. 75.7% of VYM's is in holdings VTV also owns. They hold 191 positions in common, counted across the 299 positions we hold weights for in VTV and 557 in VYM.
Which pays a higher dividend, VTV or VYM?
VTV yields 1.82% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than VTV?
VTV has a lower expense ratio. VTV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. VTV is less concentrated, with 22.5% 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.