VYM vs YANG
Vanguard High Dividend Yield ETF vs Direxion Daily FTSE China Bear 3X 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 | YANG | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 1.03% | |
| AUM | $81.6B | $99M | |
| Dividend Yield | 2.24% | 3.49% | |
| Holdings | 616 | 7 | |
| YTD Return | +14.84% | +30.02% | |
| 1Y Return | +20.88% | +11.77% | |
| 3Y Return (annualized) | +18.34% | -44.82% | |
| 5Y Return (annualized) | +12.04% | -38.34% | |
| Volatility (annualized) | 14.6% | 66.3% | |
| Max Drawdown | -58.8% | -100.0% | |
| Fund Family | Vanguard (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Nov 10, 2006 | Dec 3, 2009 |
VYM vs YANG Performance
Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US) and Direxion Daily FTSE China Bear 3X ETF (YANG) is a ETF from Direxion Shares ETF Trust. Over the past year VYM returned +20.88% while YANG returned +11.77%. Year to date, VYM is up 14.84% versus a gain of 30.02% for YANG.
Over three years, VYM compounded at +18.34% per year against -44.82% for YANG; over five years the annualized figures are +12.04% and -38.34% respectively. Across the full 17-year window we track, VYM has the edge at +7.01% annualized vs -38.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
YANG has been the more volatile fund, with annualized monthly volatility of 66.3% 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 -100.0% for YANG. 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 -0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VYM charges 0.04% per year while YANG charges 1.03%. On a $10,000 position that is $4 vs $103 annually, a gap of $99 per year that compounds over a long holding period. On income, VYM currently yields 2.24% against 3.49% for YANG.
Holdings Overlap
VYM and YANG share 0 holdings out of 606 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VYM or YANG?
VYM has an expense ratio of 0.04% while YANG charges 1.03%. VYM is the cheaper option. On a $10,000 investment, that is $99 per year of difference.
Which performed better, VYM or YANG?
Over the past year VYM returned +20.88% vs +11.77% for YANG, so VYM leads on 1-year performance. Over the longest common window we track (17 years), VYM annualized +7.01% vs -38.07% for YANG. Past performance does not guarantee future results.
Which is riskier, VYM or YANG?
YANG has been the more volatile fund at 66.3% annualized versus 14.6% for VYM. Worst drawdown: VYM -58.8% vs YANG -100.0%.
Should I hold both VYM and YANG?
VYM and YANG have a monthly-return correlation of -0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VYM and YANG?
VYM and YANG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, VYM or YANG?
VYM yields 2.24% while YANG yields 3.49%, so YANG currently pays the higher dividend yield.
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