VYM vs XMMO
Vanguard High Dividend Yield ETF vs Invesco S&P MidCap Momentum ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | VYM | XMMO | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.35% | |
| AUM | $81.6B | $7.6B | |
| Dividend Yield | 2.24% | 0.63% | |
| Holdings | 616 | 77 | |
| YTD Return | +15.34% | +12.23% | |
| 1Y Return | +23.24% | +21.52% | |
| 3Y Return (annualized) | +19.22% | +25.43% | |
| 5Y Return (annualized) | +12.21% | +13.94% | |
| Volatility (annualized) | 14.6% | 29.9% | |
| Max Drawdown | -58.8% | -84.7% | |
| Fund Family | Vanguard (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 10, 2006 | Mar 3, 2005 |
VYM vs XMMO Performance
Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US) and Invesco S&P MidCap Momentum ETF (XMMO) is a ETF from Invesco (US). Over the past year VYM returned +23.24% while XMMO returned +21.52%. Year to date, VYM is up 15.34% versus a gain of 12.23% for XMMO.
Over three years, VYM compounded at +19.22% per year against +25.43% for XMMO; over five years the annualized figures are +12.21% and +13.94% respectively. Across the full 20-year window we track, XMMO has the edge at +7.17% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XMMO has been the more volatile fund, with annualized monthly volatility of 29.9% 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 -84.7% for XMMO. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VYM charges 0.04% per year while XMMO charges 0.35%. On a $10,000 position that is $4 vs $35 annually, a gap of $31 per year that compounds over a long holding period. On income, VYM currently yields 2.24% against 0.63% for XMMO.
Holdings Overlap
VYM and XMMO share 19 holdings out of 660 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VYM or XMMO?
VYM has an expense ratio of 0.04% while XMMO charges 0.35%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, VYM or XMMO?
Over the past year VYM returned +23.24% vs +21.52% for XMMO, so VYM leads on 1-year performance. Over the longest common window we track (20 years), VYM annualized +7.04% vs +7.17% for XMMO. Past performance does not guarantee future results.
Which is riskier, VYM or XMMO?
XMMO has been the more volatile fund at 29.9% annualized versus 14.6% for VYM. Worst drawdown: VYM -58.8% vs XMMO -84.7%.
Should I hold both VYM and XMMO?
VYM and XMMO have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VYM and XMMO?
VYM and XMMO share 19 common holdings with a 0.6% weight overlap. Combined, they hold 660 unique securities.
Which pays a higher dividend, VYM or XMMO?
VYM yields 2.24% while XMMO yields 0.63%, so VYM currently pays the higher dividend yield.
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