CLOI vs VYM
CLOI vs VYM
VanEck CLO 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 | CLOI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.04% | |
| AUM | $1.5B | $79.0B | |
| Dividend Yield | 5.33% | 2.86% | |
| Holdings | 158 | 568 | |
| YTD Return | +2.40% | +15.20% | |
| 1Y Return | +4.78% | +25.56% | |
| 3Y Return (annualized) | +6.41% | +17.86% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 1.7% | 14.6% | |
| Max Drawdown | -3.3% | -58.8% | |
| Fund Family | VanEck | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 21, 2022 | Nov 10, 2006 |
CLOI vs VYM Performance
VanEck CLO ETF (CLOI) is a ETF from VanEck and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CLOI returned +4.78% while VYM returned +25.56%. Year to date, CLOI is up 2.40% versus a gain of 15.20% for VYM.
Over three years, CLOI compounded at +6.41% per year against +17.86% for VYM. Across the full 4-year window we track, VYM has the edge at +7.05% annualized vs +6.69%. 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 1.7% for CLOI. 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 CLOI 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLOI 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, CLOI currently yields 5.33% against 2.86% for VYM.
Holdings Overlap
CLOI and VYM share 0 holdings out of 572 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, CLOI or VYM?
CLOI 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, CLOI or VYM?
Over the past year CLOI returned +4.78% vs +25.56% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), CLOI annualized +6.69% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, CLOI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 1.7% for CLOI. Worst drawdown: CLOI -3.3% vs VYM -58.8%.
Should I hold both CLOI and VYM?
CLOI and VYM have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLOI and VYM?
CLOI and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 572 unique securities.
Which pays a higher dividend, CLOI or VYM?
CLOI yields 5.33% while VYM yields 2.86%, so CLOI currently pays the higher dividend yield.
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