CARY vs VYM
CARY vs VYM
Angel Oak Income 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 | CARY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.04% | |
| AUM | $1.4B | $79.0B | |
| Dividend Yield | 6.28% | 2.86% | |
| Holdings | 1,330 | 568 | |
| YTD Return | +1.92% | +15.80% | |
| 1Y Return | +4.64% | +26.12% | |
| 3Y Return (annualized) | +7.09% | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 2.7% | 14.6% | |
| Max Drawdown | -1.7% | -58.8% | |
| Fund Family | Angel Oak Capital Advisors | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 7, 2022 | Nov 10, 2006 |
CARY vs VYM Performance
Angel Oak Income ETF (CARY) 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 CARY returned +4.64% while VYM returned +26.12%. Year to date, CARY is up 1.92% versus a gain of 15.80% for VYM.
Over three years, CARY compounded at +7.09% per year against +18.25% for VYM. Across the full 4-year window we track, VYM has the edge at +7.07% annualized vs +7.05%. 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 2.7% for CARY. 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 -1.7% for CARY 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CARY charges 0.79% per year while VYM charges 0.04%. On a $10,000 position that is $79 vs $4 annually, a gap of $75 per year that compounds over a long holding period. On income, CARY currently yields 6.28% against 2.86% for VYM.
Holdings Overlap
CARY and VYM share 0 holdings out of 821 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, CARY or VYM?
CARY has an expense ratio of 0.79% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $75 per year of difference.
Which performed better, CARY or VYM?
Over the past year CARY returned +4.64% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), CARY annualized +7.05% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, CARY or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 2.7% for CARY. Worst drawdown: CARY -1.7% vs VYM -58.8%.
Should I hold both CARY and VYM?
CARY and VYM have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CARY and VYM?
CARY and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 821 unique securities.
Which pays a higher dividend, CARY or VYM?
CARY yields 6.28% while VYM yields 2.86%, so CARY currently pays the higher dividend yield.
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