Quick Verdict

VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.

Lower Fees: VYMHigher Returns: VYMMore Diversified: VYM

Side-by-Side Comparison

MetricVYMWEBSWinner
Expense Ratio0.04%1.07%
AUM$79.0B$8M
Dividend Yield2.86%2.83%
Holdings5686
YTD Return+15.80%-29.95%
1Y Return+26.12%-25.35%
3Y Return (annualized)+18.25%-49.23%
5Y Return (annualized)+12.51%-35.76%
Volatility (annualized)14.6%65.5%
Max Drawdown-58.8%-99.7%
Fund FamilyVanguard (US)Direxion Shares ETF Trust
CategoryEquityAlternative
InceptionNov 10, 2006Nov 7, 2019

VYM vs WEBS Performance

Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US) and Direxion Daily Dow Jones Internet Bear 3X ETF (WEBS) is a ETF from Direxion Shares ETF Trust. Over the past year VYM returned +26.12% while WEBS returned -25.35%. Year to date, VYM is up 15.80% versus a loss of 29.95% for WEBS.

Over three years, VYM compounded at +18.25% per year against -49.23% for WEBS; over five years the annualized figures are +12.51% and -35.76% respectively. Across the full 7-year window we track, VYM has the edge at +7.07% annualized vs -52.43%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

WEBS has been the more volatile fund, with annualized monthly volatility of 65.5% 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 -58.8% for VYM and -99.7% for WEBS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at -0.48. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

VYM charges 0.04% per year while WEBS charges 1.07%. On a $10,000 position that is $4 vs $107 annually, a gap of $103 per year that compounds over a long holding period. On income, VYM currently yields 2.86% against 2.83% for WEBS.

Holdings Overlap

0.0%overlap

VYM and WEBS share 0 holdings out of 560 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, VYM or WEBS?

VYM has an expense ratio of 0.04% while WEBS charges 1.07%. VYM is the cheaper option. On a $10,000 investment, that is $103 per year of difference.

Which performed better, VYM or WEBS?

Over the past year VYM returned +26.12% vs -25.35% for WEBS, so VYM leads on 1-year performance. Over the longest common window we track (7 years), VYM annualized +7.07% vs -52.43% for WEBS. Past performance does not guarantee future results.

Which is riskier, VYM or WEBS?

WEBS has been the more volatile fund at 65.5% annualized versus 14.6% for VYM. Worst drawdown: VYM -58.8% vs WEBS -99.7%.

Should I hold both VYM and WEBS?

VYM and WEBS have a monthly-return correlation of -0.48, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between VYM and WEBS?

VYM and WEBS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.

Which pays a higher dividend, VYM or WEBS?

VYM yields 2.86% while WEBS yields 2.83%, so VYM currently pays the higher dividend yield.

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