VYM vs XMVM
Vanguard High Dividend Yield ETF vs Invesco S&P MidCap Value with Momentum ETF
Quick Verdict
VYM has a lower expense ratio. XMVM delivered stronger 1-year returns. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | VYM | XMVM | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.39% | |
| AUM | $81.6B | $516M | |
| Dividend Yield | 2.24% | 1.78% | |
| Holdings | 613 | 82 | |
| YTD Return | +14.87% | +16.92% | |
| 1Y Return | +21.39% | +25.85% | |
| 3Y Return (annualized) | +18.69% | +18.76% | |
| 5Y Return (annualized) | +11.98% | +11.74% | |
| Volatility (annualized) | 14.5% | 19.0% | |
| Max Drawdown | -58.8% | -63.8% | |
| Fund Family | Vanguard (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 10, 2006 | Mar 3, 2005 |
VYM vs XMVM Performance
Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US) and Invesco S&P MidCap Value with Momentum ETF (XMVM) is a ETF from Invesco (US). Over the past year VYM returned +21.39% while XMVM returned +25.85%. Year to date, VYM is up 14.87% versus a gain of 16.92% for XMVM.
Over three years, VYM compounded at +18.69% per year against +18.76% for XMVM; over five years the annualized figures are +11.98% and +11.74% respectively. Across the full 20-year window we track, XMVM has the edge at +8.19% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XMVM has been the more volatile fund, with annualized monthly volatility of 19.0% 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 -63.8% for XMVM. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VYM charges 0.04% per year while XMVM charges 0.39%. On a $10,000 position that is $4 vs $39 annually, a gap of $35 per year that compounds over a long holding period. On income, VYM currently yields 2.24% against 1.78% for XMVM.
Holdings Overlap
VYM and XMVM share 57 holdings out of 626 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VYM or XMVM?
VYM has an expense ratio of 0.04% while XMVM charges 0.39%. VYM is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, VYM or XMVM?
Over the past year VYM returned +21.39% vs +25.85% for XMVM, so XMVM leads on 1-year performance. Over the longest common window we track (20 years), VYM annualized +7.00% vs +8.19% for XMVM. Past performance does not guarantee future results.
Which is riskier, VYM or XMVM?
XMVM has been the more volatile fund at 19.0% annualized versus 14.5% for VYM. Worst drawdown: VYM -58.8% vs XMVM -63.8%.
Should I hold both VYM and XMVM?
VYM and XMVM have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VYM and XMVM?
VYM and XMVM share 57 common holdings with a 1.8% weight overlap. Combined, they hold 626 unique securities.
Which pays a higher dividend, VYM or XMVM?
VYM yields 2.24% while XMVM yields 1.78%, so VYM currently pays the higher dividend yield.
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