VYM vs WGMI
Vanguard High Dividend Yield ETF vs CoinShares Bitcoin Mining ETF
Quick Verdict
VYM has a lower expense ratio. WGMI delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | VYM | WGMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.75% | |
| AUM | $81.6B | $234M | |
| Dividend Yield | 2.24% | 0.00% | |
| Holdings | 616 | 26 | |
| YTD Return | +14.66% | +11.58% | |
| 1Y Return | +22.16% | +72.06% | |
| 3Y Return (annualized) | +18.72% | +61.51% | |
| 5Y Return (annualized) | +12.18% | - | |
| Volatility (annualized) | 14.6% | 93.1% | |
| Max Drawdown | -58.8% | -85.8% | |
| Fund Family | Vanguard (US) | Valkyrie Funds | |
| Category | Equity | Alternative | |
| Inception | Nov 10, 2006 | Feb 7, 2022 |
VYM vs WGMI Performance
Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US) and CoinShares Bitcoin Mining ETF (WGMI) is a ETF from Valkyrie Funds. Over the past year VYM returned +22.16% while WGMI returned +72.06%. Year to date, VYM is up 14.66% versus a gain of 11.58% for WGMI.
Over three years, VYM compounded at +18.72% per year against +61.51% for WGMI. Across the full 5-year window we track, WGMI has the edge at +13.07% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WGMI has been the more volatile fund, with annualized monthly volatility of 93.1% 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 -85.8% for WGMI. 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VYM charges 0.04% per year while WGMI charges 0.75%. On a $10,000 position that is $4 vs $75 annually, a gap of $71 per year that compounds over a long holding period. On income, VYM currently yields 2.24% against 0.00% for WGMI.
Holdings Overlap
VYM and WGMI share 0 holdings out of 630 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 WGMI?
VYM has an expense ratio of 0.04% while WGMI charges 0.75%. VYM is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, VYM or WGMI?
Over the past year VYM returned +22.16% vs +72.06% for WGMI, so WGMI leads on 1-year performance. Over the longest common window we track (5 years), VYM annualized +7.01% vs +13.07% for WGMI. Past performance does not guarantee future results.
Which is riskier, VYM or WGMI?
WGMI has been the more volatile fund at 93.1% annualized versus 14.6% for VYM. Worst drawdown: VYM -58.8% vs WGMI -85.8%.
Should I hold both VYM and WGMI?
VYM and WGMI have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VYM and WGMI?
VYM and WGMI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 630 unique securities.
Which pays a higher dividend, VYM or WGMI?
VYM yields 2.24% while WGMI yields 0.00%, so VYM currently pays the higher dividend yield.
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