ACV vs VYM
ACV vs VYM
Virtus Diversified Income & Convertible Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. ACV delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | ACV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 2.55% | 0.04% | |
| AUM | $280M | $79.0B | |
| Dividend Yield | 8.80% | 2.86% | |
| Holdings | 308 | 568 | |
| YTD Return | +8.30% | +15.80% | |
| 1Y Return | +31.82% | +26.12% | |
| 3Y Return (annualized) | +22.25% | +18.25% | |
| 5Y Return (annualized) | +8.21% | +12.51% | |
| Volatility (annualized) | 24.9% | 14.6% | |
| Max Drawdown | -54.0% | -58.8% | |
| Fund Family | Virtus Investment Partners | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | May 26, 2015 | Nov 10, 2006 |
ACV vs VYM Performance
Virtus Diversified Income & Convertible Fund (ACV) is a ETF from Virtus Investment Partners and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ACV returned +31.82% while VYM returned +26.12%. Year to date, ACV is up 8.30% versus a gain of 15.80% for VYM.
Over three years, ACV compounded at +22.25% per year against +18.25% for VYM; over five years the annualized figures are +8.21% and +12.51% respectively. Across the full 11-year window we track, ACV has the edge at +7.21% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ACV has been the more volatile fund, with annualized monthly volatility of 24.9% 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 -54.0% for ACV and -58.8% for VYM. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACV charges 2.55% per year while VYM charges 0.04%. On a $10,000 position that is $255 vs $4 annually, a gap of $251 per year that compounds over a long holding period. On income, ACV currently yields 8.80% against 2.86% for VYM.
Holdings Overlap
ACV and VYM share 37 holdings out of 682 unique holdings combined, representing a 9.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ACV | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 0.73% | 6.47% | 5.74% |
| JPM:US | 0.28% | 3.36% | 3.08% |
| XOM | 0.32% | 2.83% | 2.51% |
| JNJ | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| NEE | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| MRK | Pro | Pro | Pro |
See all 10 holdings ACV shares with VYM Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ACV or VYM?
ACV has an expense ratio of 2.55% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $251 per year of difference.
Which performed better, ACV or VYM?
Over the past year ACV returned +31.82% vs +26.12% for VYM, so ACV leads on 1-year performance. Over the longest common window we track (11 years), ACV annualized +7.21% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, ACV or VYM?
ACV has been the more volatile fund at 24.9% annualized versus 14.6% for VYM. Worst drawdown: ACV -54.0% vs VYM -58.8%.
Should I hold both ACV and VYM?
ACV and VYM have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ACV and VYM?
ACV and VYM share 37 common holdings with a 9.6% weight overlap. Combined, they hold 682 unique securities.
Which pays a higher dividend, ACV or VYM?
ACV yields 8.80% while VYM yields 2.86%, so ACV currently pays the higher dividend yield.
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