AFIX vs VYM
AFIX vs VYM
Allspring Broad Market Core Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | AFIX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.04% | |
| AUM | $217M | $79.0B | |
| Dividend Yield | 5.03% | 2.86% | |
| Holdings | 561 | 568 | |
| YTD Return | -0.45% | +13.24% | |
| 1Y Return | +2.94% | +23.76% | |
| 3Y Return (annualized) | - | +16.97% | |
| 5Y Return (annualized) | - | +12.26% | |
| Volatility (annualized) | 3.6% | 14.6% | |
| Max Drawdown | -3.3% | -58.8% | |
| Fund Family | Allspring Global Investments | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 4, 2024 | Nov 10, 2006 |
AFIX vs VYM Performance
Allspring Broad Market Core Bond ETF (AFIX) is a ETF from Allspring Global Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year AFIX returned +2.94% while VYM returned +23.76%. Year to date, AFIX is down 0.45% versus a gain of 13.24% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 3.6% for AFIX. 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 -3.3% for AFIX 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AFIX charges 0.20% per year while VYM charges 0.04%. On a $10,000 position that is $20 vs $4 annually, a gap of $16 per year that compounds over a long holding period. On income, AFIX currently yields 5.03% against 2.86% for VYM.
Holdings Overlap
AFIX and VYM share 1 holdings out of 936 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AFIX | Weight in VYM | Difference |
|---|---|---|---|
| T | 0.06% | 0.85% | 0.79% |
Frequently Asked Questions
Which is cheaper, AFIX or VYM?
AFIX has an expense ratio of 0.20% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, AFIX or VYM?
Over the past year AFIX returned +2.94% vs +23.76% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), AFIX annualized +3.10% vs +6.96% for VYM. Past performance does not guarantee future results.
Which is riskier, AFIX or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 3.6% for AFIX. Worst drawdown: AFIX -3.3% vs VYM -58.8%.
Should I hold both AFIX and VYM?
AFIX and VYM have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AFIX and VYM?
AFIX and VYM share 1 common holdings with a 0.1% weight overlap. Combined, they hold 936 unique securities.
Which pays a higher dividend, AFIX or VYM?
AFIX yields 5.03% while VYM yields 2.86%, so AFIX currently pays the higher dividend yield.
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