AOHY vs VYM
AOHY vs VYM
Angel Oak High Yield Opportunities 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 | AOHY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.04% | |
| AUM | $124M | $79.0B | |
| Dividend Yield | 6.61% | 2.86% | |
| Holdings | 187 | 568 | |
| YTD Return | +2.37% | +15.57% | |
| 1Y Return | +5.19% | +25.99% | |
| 3Y Return (annualized) | - | +18.02% | |
| 5Y Return (annualized) | - | +12.71% | |
| Volatility (annualized) | 3.0% | 14.6% | |
| Max Drawdown | -4.2% | -58.8% | |
| Fund Family | Angel Oak Capital Advisors | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 20, 2024 | Nov 10, 2006 |
AOHY vs VYM Performance
Angel Oak High Yield Opportunities ETF (AOHY) is a ETF from Angel Oak Capital Advisors and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year AOHY returned +5.19% while VYM returned +25.99%. Year to date, AOHY is up 2.37% versus a gain of 15.57% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 3.0% for AOHY. 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 -4.2% for AOHY 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AOHY charges 0.56% per year while VYM charges 0.04%. On a $10,000 position that is $56 vs $4 annually, a gap of $52 per year that compounds over a long holding period. On income, AOHY currently yields 6.61% against 2.86% for VYM.
Holdings Overlap
AOHY and VYM share 0 holdings out of 680 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, AOHY or VYM?
AOHY has an expense ratio of 0.56% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, AOHY or VYM?
Over the past year AOHY returned +5.19% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), AOHY annualized +7.20% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, AOHY or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 3.0% for AOHY. Worst drawdown: AOHY -4.2% vs VYM -58.8%.
Should I hold both AOHY and VYM?
AOHY and VYM have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AOHY and VYM?
AOHY and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 680 unique securities.
Which pays a higher dividend, AOHY or VYM?
AOHY yields 6.61% while VYM yields 2.86%, so AOHY currently pays the higher dividend yield.
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