CDEI vs VYM
CDEI vs VYM
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. CDEI delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CDEI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 0.04% | |
| AUM | $18M | $79.0B | |
| Dividend Yield | 1.20% | 2.86% | |
| Holdings | 271 | 568 | |
| YTD Return | +14.93% | +15.80% | |
| 1Y Return | +27.06% | +26.12% | |
| 3Y Return (annualized) | +19.83% | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 12.4% | 14.6% | |
| Max Drawdown | -19.5% | -58.8% | |
| Fund Family | Calvert | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | Nov 10, 2006 |
CDEI vs VYM Performance
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) is a ETF from Calvert and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CDEI returned +27.06% while VYM returned +26.12%. Year to date, CDEI is up 14.93% versus a gain of 15.80% for VYM.
Over three years, CDEI compounded at +19.83% per year against +18.25% for VYM. Across the full 4-year window we track, CDEI has the edge at +20.28% annualized vs +7.07%. 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 12.4% for CDEI. 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 -19.5% for CDEI 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CDEI charges 0.14% per year while VYM charges 0.04%. On a $10,000 position that is $14 vs $4 annually, a gap of $10 per year that compounds over a long holding period. On income, CDEI currently yields 1.20% against 2.86% for VYM.
Holdings Overlap
CDEI and VYM share 93 holdings out of 728 unique holdings combined, representing a 25.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CDEI | Weight in VYM | Difference |
|---|---|---|---|
| JPM:US | 3.18% | 3.36% | 0.18% |
| PG | 1.48% | 1.72% | 0.24% |
| BAC | 1.66% | 1.39% | 0.27% |
| CSCO | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| MRK | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| IBM | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
See all 10 holdings CDEI 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, CDEI or VYM?
CDEI has an expense ratio of 0.14% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, CDEI or VYM?
Over the past year CDEI returned +27.06% vs +26.12% for VYM, so CDEI leads on 1-year performance. Over the longest common window we track (4 years), CDEI annualized +20.28% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, CDEI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 12.4% for CDEI. Worst drawdown: CDEI -19.5% vs VYM -58.8%.
Should I hold both CDEI and VYM?
CDEI and VYM have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CDEI and VYM?
CDEI and VYM share 93 common holdings with a 25.3% weight overlap. Combined, they hold 728 unique securities.
Which pays a higher dividend, CDEI or VYM?
CDEI yields 1.20% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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