VYM vs YLDE
Vanguard High Dividend Yield ETF vs Franklin ClearBridge Enhanced Income ETF
Which is better, VYM or YLDE?
Large Cap Value against Large Cap Blend.
VYM has a lower expense ratio. VYM led over 1Y, 3Y and 5Y, YLDE over the full window. The two have moved almost in lockstep, correlation 0.94. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 32.7%.
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 | YLDE |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.48% |
| AUM | $81.6B | $174M |
| Dividend Yield | 2.22% | 7.02% |
| Holdings | 613 | 58 |
| YTD Return | +8.51%Best | +5.64% |
| 1Y Return | +12.18%Best | +7.74% |
| 3Y Return (annualized) | +17.98%Best | +16.67% |
| 5Y Return (annualized) | +11.52%Best | +10.77% |
| Volatility (annualized) | 14.8%Tie | 14.8%Tie |
| Max Drawdown | -35.7% | -33.3%Best |
| $10,000 over 5 years | $17,249Best | $16,677 |
| Top 10 Weight | 26.1%Best | 32.7% |
| Fund Family | Vanguard (US) | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Nov 10, 2006 | May 22, 2017 |
Volatility and max drawdown are measured over the window both funds cover: May 23, 2017 to Sep 30, 2026 (9.4 years).
VYM vs YLDE 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 9.4 years both funds cover.
VYM vs YLDE Performance
Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US) and Franklin ClearBridge Enhanced Income ETF (YLDE) is an ETF from Franklin Templeton Investments (US). Over the past year VYM returned +12.18% while YLDE returned +7.74%. Year to date, VYM is up 8.51% versus a gain of 5.64% for YLDE.
Over three years, VYM compounded at +17.98% per year against +16.67% for YLDE; over five years the annualized figures are +11.52% and +10.77% respectively. Across the full 9-year window we track, YLDE has the edge at +10.92% annualized vs +9.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM and YLDE have been equally volatile, both at 14.8% annualized.
The deepest peak-to-trough decline in our data was -35.7% for VYM and -33.3% for YLDE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VYM charges 0.04% per year while YLDE charges 0.48%. On a $10,000 position that is $4 vs $48 annually, a gap of $44 per year that compounds over a long holding period. On income, VYM currently yields 2.22% against 7.02% for YLDE.
Holdings Overlap
30.1% of VYM's money is in holdings YLDE also owns. 64.1% of YLDE's money is in holdings VYM also owns.
The two portfolios partly overlap.
31 positions in common, counted across the 557 positions we hold weights for in VYM and 48 in YLDE, against full books of 613 and 58.
What only one of them owns
Our book lists 13 positions for YLDE that do not appear in our book for VYM (27.7% of the fund), and 497 for VYM that do not appear in YLDE (67.0%).
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 YLDE | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 7.35% | 2.03% | 5.32% |
| XOMExxon Mobil Corp. | 2.63% | 4.49% | 1.86% |
| JPMJpmorgan Chase | 3.82% | 2.10% | 1.72% |
| WMBWilliams Cos. Inc. | 0.35% | 4.39% | 4.04% |
| JNJJohnson & Johnson - Common | 2.51% | 2.05% | 0.46% |
| KOCoca Cola Co. | 1.38% | 2.06% | 0.68% |
| APOAthene (Ath) / Apollo Global Management (Apo) | 0.21% | 2.98% | 2.77% |
| UNPUnion Pacific Corp | 0.70% | 2.48% | 1.78% |
| MMCMarsh & Mclennan Cos Inc Common Stock Usd 1 | 0.37% | 2.68% | 2.31% |
| APDAir Products & Chemicals Inc. | 0.26% | 2.77% | 2.51% |
64.1% of YLDE 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.
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Frequently Asked Questions
Which is cheaper, VYM or YLDE?
VYM has an expense ratio of 0.04% while YLDE charges 0.48%. VYM is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, VYM or YLDE?
Over the past year VYM returned +12.18% vs +7.74% for YLDE, so VYM leads on 1-year performance. Over the longest common window we track (9 years), VYM annualized +9.56% vs +10.92% for YLDE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VYM or YLDE?
VYM and YLDE have been equally volatile, both at 14.8% annualized. Worst drawdown: VYM -35.7% vs YLDE -33.3%.
Should I hold both VYM and YLDE?
VYM and YLDE have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between VYM and YLDE?
64.1% of YLDE's money is in holdings VYM also owns. 64.1% of YLDE's is in holdings VYM also owns. They hold 31 positions in common, counted across the 557 positions we hold weights for in VYM and 48 in YLDE.
Which pays a higher dividend, VYM or YLDE?
VYM yields 2.22% while YLDE yields 7.02%, so YLDE currently pays the higher dividend yield.
Is YLDE better than VYM?
VYM has a lower expense ratio. VYM led over 1Y, 3Y and 5Y, YLDE over the full window. The two have moved almost in lockstep, correlation 0.94. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 32.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.