APCB vs VYM
APCB vs VYM
ActivePassive Core Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. APCB offers more diversification with 826 holdings.
Side-by-Side Comparison
| Metric | APCB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.04% | |
| AUM | $1.0B | $79.0B | |
| Dividend Yield | 4.34% | 2.86% | |
| Holdings | 1,457 | 568 | |
| YTD Return | -0.52% | +13.82% | |
| 1Y Return | +1.64% | +24.08% | |
| 3Y Return (annualized) | +3.48% | +17.72% | |
| 5Y Return (annualized) | - | +12.13% | |
| Volatility (annualized) | 5.1% | 14.6% | |
| Max Drawdown | -6.4% | -58.8% | |
| Fund Family | Envestnet Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 3, 2023 | Nov 10, 2006 |
APCB vs VYM Performance
ActivePassive Core Bond ETF (APCB) is a ETF from Envestnet Asset Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year APCB returned +1.64% while VYM returned +24.08%. Year to date, APCB is down 0.52% versus a gain of 13.82% for VYM.
Over three years, APCB compounded at +3.48% per year against +17.72% for VYM. Across the full 3-year window we track, VYM has the edge at +6.98% annualized vs +2.43%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 5.1% for APCB. 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 -6.4% for APCB 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
APCB charges 0.36% per year while VYM charges 0.04%. On a $10,000 position that is $36 vs $4 annually, a gap of $32 per year that compounds over a long holding period. On income, APCB currently yields 4.34% against 2.86% for VYM.
Holdings Overlap
APCB and VYM share 0 holdings out of 1384 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, APCB or VYM?
APCB has an expense ratio of 0.36% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, APCB or VYM?
Over the past year APCB returned +1.64% vs +24.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), APCB annualized +2.43% vs +6.98% for VYM. Past performance does not guarantee future results.
Which is riskier, APCB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 5.1% for APCB. Worst drawdown: APCB -6.4% vs VYM -58.8%.
Should I hold both APCB and VYM?
APCB and VYM have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between APCB and VYM?
APCB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1384 unique securities.
Which pays a higher dividend, APCB or VYM?
APCB yields 4.34% while VYM yields 2.86%, so APCB currently pays the higher dividend yield.
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