VYM vs XMVM
Vanguard High Dividend Yield ETF vs Invesco S&P MidCap Value with Momentum ETF
Which is better, VYM or XMVM?
Large Cap Value against Mid Cap Value.
VYM has a lower expense ratio. VYM led over 5Y, XMVM over 1Y, 3Y and the full window. XMVM is less concentrated, with 22.1% of the fund in its ten largest positions against 26.1%.
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 | XMVM |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.39% |
| AUM | $81.6B | $516M |
| Dividend Yield | 2.22% | 1.79% |
| Holdings | 613 | 82 |
| YTD Return | +10.23% | +11.54%Best |
| 1Y Return | +14.28% | +17.72%Best |
| 3Y Return (annualized) | +17.50% | +17.74%Best |
| 5Y Return (annualized) | +11.60%Best | +11.26% |
| Volatility (annualized) | 14.6%Best | 19.7% |
| Max Drawdown | -58.8%Best | -63.8% |
| $10,000 over 5 years | $17,311Best | $17,049 |
| Top 10 Weight | 26.1% | 22.1%Best |
| Fund Family | Vanguard (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Mid Cap Value |
| Inception | Nov 10, 2006 | Mar 3, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 23, 2026 (19.9 years).
VYM vs XMVM 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 19.9 years both funds cover.
VYM vs XMVM Performance
Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US) and Invesco S&P MidCap Value with Momentum ETF (XMVM) is an ETF from Invesco (US). Over the past year VYM returned +14.28% while XMVM returned +17.72%. Year to date, VYM is up 10.23% versus a gain of 11.54% for XMVM.
Over three years, VYM compounded at +17.50% per year against +17.74% for XMVM; over five years the annualized figures are +11.60% and +11.26% respectively. Across the full 20-year window we track, XMVM has the edge at +7.57% annualized vs +6.76%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XMVM has been the more volatile fund, with annualized monthly volatility of 19.7% 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 -63.8% for XMVM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 2.22% against 1.79% for XMVM.
Holdings Overlap
1.8% of VYM's money is in holdings XMVM also owns. 70.3% of XMVM's money is in holdings VYM also owns.
Most of XMVM is already inside VYM. Owning both mostly buys the same companies twice.
55 positions in common, counted across the 557 positions we hold weights for in VYM and 79 in XMVM, against full books of 613 and 82.
What only one of them owns
Measured across the 557 and 79 positions we hold weights for.
VYM holds 473 positions XMVM does not, 95.2% of the fund.
Largest: AVGO 7.35%, JPM 3.82%, XOM 2.63%, JNJ 2.51%, CSCO 1.86%
Top Shared Holdings
| Stock | Weight in VYM | Weight in XMVM | Difference |
|---|---|---|---|
| PBFPbf Energy Inc | 0.03% | 4.19% | 4.16% |
| DINOHF Sinclair Corp | 0.06% | 2.53% | 2.47% |
| MMacy'S Inc. | 0.03% | 2.19% | 2.16% |
| PAGPenske Automotive Group Inc | 0.02% | 2.10% | 2.08% |
| AVTAvnet Inc | 0.03% | 1.82% | 1.79% |
| GEFGreif Inc | 0.01% | 1.76% | 1.75% |
| FAFFirst American Corporation | 0.03% | 1.67% | 1.64% |
| LEALear Corp. | 0.03% | 1.67% | 1.64% |
| ASBAssociated Banc-Corp | 0.02% | 1.57% | 1.55% |
| OZKBank Ozk | 0.02% | 1.56% | 1.54% |
70.3% of XMVM is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $35 a year on a $10,000 investment.
Which performed better, VYM or XMVM?
Over the past year VYM returned +14.28% vs +17.72% for XMVM, so XMVM leads on 1-year performance. Over the longest common window we track (20 years), VYM annualized +6.76% vs +7.57% for XMVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VYM or XMVM?
XMVM has been the more volatile fund at 19.7% annualized versus 14.6% 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 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 XMVM?
70.3% of XMVM's money is in holdings VYM also owns. 70.3% of XMVM's is in holdings VYM also owns. They hold 55 positions in common, counted across the 557 positions we hold weights for in VYM and 79 in XMVM.
Which pays a higher dividend, VYM or XMVM?
VYM yields 2.22% while XMVM yields 1.79%, so VYM currently pays the higher dividend yield.
Is XMVM better than VYM?
VYM has a lower expense ratio. VYM led over 5Y, XMVM over 1Y, 3Y and the full window. XMVM is less concentrated, with 22.1% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.