VYM vs XSVM
Vanguard High Dividend Yield ETF vs Invesco S&P SmallCap Value with Momentum ETF
Which is better, VYM or XSVM?
Large Cap Value against Small Cap Value.
VYM has a lower expense ratio. VYM led over 3Y and 5Y, XSVM over 1Y and the full window. XSVM is less concentrated, with 15.1% of the fund in its ten largest positions against 25.9%.
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 | XSVM |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.37% |
| AUM | $81.6B | $642M |
| Dividend Yield | 2.24% | 1.74% |
| Holdings | 613 | 122 |
| YTD Return | +14.33% | +22.04%Best |
| 1Y Return | +20.01% | +22.96%Best |
| 3Y Return (annualized) | +18.43%Best | +15.19% |
| 5Y Return (annualized) | +12.16%Best | +8.92% |
| Volatility (annualized) | 14.5%Best | 22.4% |
| Max Drawdown | -58.8%Best | -64.1% |
| $10,000 over 5 years | $17,750Best | $15,330 |
| Top 10 Weight | 25.9% | 15.1%Best |
| Fund Family | Vanguard (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Small 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 8, 2026 (19.8 years).
VYM vs XSVM 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 XSVM Performance
Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US) and Invesco S&P SmallCap Value with Momentum ETF (XSVM) is an ETF from Invesco (US). Over the past year VYM returned +20.01% while XSVM returned +22.96%. Year to date, VYM is up 14.33% versus a gain of 22.04% for XSVM.
Over three years, VYM compounded at +18.43% per year against +15.19% for XSVM; over five years the annualized figures are +12.16% and +8.92% respectively. Across the full 20-year window we track, XSVM has the edge at +7.55% annualized vs +6.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XSVM has been the more volatile fund, with annualized monthly volatility of 22.4% 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 -64.1% for XSVM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VYM charges 0.04% per year while XSVM charges 0.37%. On a $10,000 position that is $4 vs $37 annually, a gap of $33 per year that compounds over a long holding period. On income, VYM currently yields 2.24% against 1.74% for XSVM.
Holdings Overlap
0.6% of VYM's money is in holdings XSVM also owns. 34.9% of XSVM's money is in holdings VYM also owns.
The two portfolios partly overlap.
44 positions in common, counted across the 602 positions we hold weights for in VYM and 119 in XSVM, against full books of 613 and 122.
What only one of them owns
Our book lists 71 positions for XSVM that do not appear in our book for VYM (61.5% of the fund), and 527 for VYM that do not appear in XSVM (96.7%).
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 XSVM | Difference |
|---|---|---|---|
| LNCLincoln National Corp. | 0.03% | 1.88% | 1.85% |
| FDPFresh Del Monte Produce Inc | 0.00% | 1.25% | 1.25% |
| BFHBread Financial Holdings, Inc. | 0.02% | 1.01% | 0.99% |
| RDNRadian Group Inc | 0.02% | 0.97% | 0.95% |
| HOPEHope Bancorp Inc | 0.01% | 0.96% | 0.95% |
| SIGSigma Healthcare Ltd | 0.01% | 0.91% | 0.90% |
| AEOAmerican Eagle Outfitters Inc | 0.01% | 0.86% | 0.85% |
| PFSProvident Financial Services Inc | 0.01% | 0.86% | 0.85% |
| JXNJackson Financial Inc USD | 0.03% | 0.84% | 0.81% |
| LCIILci Inds Com | 0.01% | 0.85% | 0.84% |
34.9% of XSVM 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 XSVM?
VYM has an expense ratio of 0.04% while XSVM charges 0.37%. VYM is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, VYM or XSVM?
Over the past year VYM returned +20.01% vs +22.96% for XSVM, so XSVM leads on 1-year performance. Over the longest common window we track (20 years), VYM annualized +6.97% vs +7.55% for XSVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VYM or XSVM?
XSVM has been the more volatile fund at 22.4% annualized versus 14.5% for VYM. Worst drawdown: VYM -58.8% vs XSVM -64.1%.
Should I hold both VYM and XSVM?
VYM and XSVM have a monthly-return correlation of 0.83, 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 XSVM?
34.9% of XSVM's money is in holdings VYM also owns. 34.9% of XSVM's is in holdings VYM also owns. They hold 44 positions in common, counted across the 602 positions we hold weights for in VYM and 119 in XSVM.
Which pays a higher dividend, VYM or XSVM?
VYM yields 2.24% while XSVM yields 1.74%, so VYM currently pays the higher dividend yield.
Is XSVM better than VYM?
VYM has a lower expense ratio. VYM led over 3Y and 5Y, XSVM over 1Y and the full window. XSVM is less concentrated, with 15.1% of the fund in its ten largest positions against 25.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.