VYM vs XMMO
Vanguard High Dividend Yield ETF vs Invesco S&P MidCap Momentum ETF
Which is better, VYM or XMMO?
Large Cap Value against Mid Cap Growth.
VYM has a lower expense ratio. VYM led over 1Y, XMMO over 3Y, 5Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 28.6%.
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 | VYM | XMMO |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.35% |
| AUM | $81.6B | $7.2B |
| Dividend Yield | 2.22% | 0.63% |
| Holdings | 613 | 77 |
| YTD Return | +13.91%Best | +8.71% |
| 1Y Return | +17.57%Best | +12.62% |
| 3Y Return (annualized) | +18.12% | +23.80%Best |
| 5Y Return (annualized) | +12.17% | +12.84%Best |
| Volatility (annualized) | 14.5%Best | 18.7% |
| Max Drawdown | -58.8% | -55.4%Best |
| $10,000 over 5 years | $17,758 | $18,294Best |
| Top 10 Weight | 25.9%Best | 28.6% |
| Fund Family | Vanguard (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Mid Cap Growth |
| Inception | Nov 10, 2006 | Mar 3, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 11, 2026 (19.8 years).
VYM vs XMMO 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.
VYM vs XMMO Performance
Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US) and Invesco S&P MidCap Momentum ETF (XMMO) is an ETF from Invesco (US). Over the past year VYM returned +17.57% while XMMO returned +12.62%. Year to date, VYM is up 13.91% versus a gain of 8.71% for XMMO.
Over three years, VYM compounded at +18.12% per year against +23.80% for XMMO; over five years the annualized figures are +12.17% and +12.84% respectively. Across the full 20-year window we track, XMMO has the edge at +11.24% annualized vs +6.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XMMO has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 14.5% 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 -55.4% for XMMO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 2.22% against 0.63% for XMMO.
Holdings Overlap
0.6% of VYM's money is in holdings XMMO also owns. 13.6% of XMMO's money is in holdings VYM also owns.
XMMO and VYM share little of their money.
19 positions in common, counted across the 603 positions we hold weights for in VYM and 76 in XMMO, against full books of 613 and 77.
What only one of them owns
Our book lists 53 positions for XMMO that do not appear in our book for VYM (76.0% of the fund), and 550 for VYM that do not appear in XMMO (96.9%).
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 VYM | Weight in XMMO | Difference |
|---|---|---|---|
| BWABorgwarner Inc. | 0.06% | 1.33% | 1.27% |
| DCIDonaldson Co Inc | 0.04% | 1.24% | 1.20% |
| DINOHollyfrontier | 0.04% | 1.21% | 1.17% |
| DTMDt Midstream Inc | 0.06% | 1.07% | 1.01% |
| FCFSFirstcash Inc | 0.04% | 1.00% | 0.96% |
| UGIUgi Corp | 0.03% | 0.83% | 0.80% |
| IDAIdacorp Inc | 0.03% | 0.73% | 0.70% |
| AMKRAmkor Technology, Inc. | 0.04% | 0.63% | 0.59% |
| ALVAutoliv, Inc. Com | 0.04% | 0.61% | 0.57% |
| NEUNewmarket Corp | 0.02% | 0.61% | 0.59% |
You are not choosing between two funds in isolation.
Whichever of VYM and XMMO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $31 a year on a $10,000 investment.
Which performed better, VYM or XMMO?
Over the past year VYM returned +17.57% vs +12.62% for XMMO, so VYM leads on 1-year performance. Over the longest common window we track (20 years), VYM annualized +6.95% vs +11.24% for XMMO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VYM or XMMO?
XMMO has been the more volatile fund at 18.7% annualized versus 14.5% for VYM. Worst drawdown: VYM -58.8% vs XMMO -55.4%.
Should I hold both VYM and XMMO?
VYM and XMMO have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between VYM and XMMO?
13.6% of XMMO's money is in holdings VYM also owns. 13.6% of XMMO's is in holdings VYM also owns. They hold 19 positions in common, counted across the 603 positions we hold weights for in VYM and 76 in XMMO.
Which pays a higher dividend, VYM or XMMO?
VYM yields 2.22% while XMMO yields 0.63%, so VYM currently pays the higher dividend yield.
Is XMMO better than VYM?
VYM has a lower expense ratio. VYM led over 1Y, XMMO over 3Y, 5Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 28.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.