CVMC vs VYM
CVMC vs VYM
Calvert US Mid-Cap Core Responsible Index ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. CVMC delivered stronger 1-year returns. CVMC offers more diversification with 610 holdings.
Side-by-Side Comparison
| Metric | CVMC | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.04% | |
| AUM | $103M | $79.0B | |
| Dividend Yield | 1.35% | 2.86% | |
| Holdings | 622 | 568 | |
| YTD Return | +21.02% | +15.57% | |
| 1Y Return | +27.88% | +25.99% | |
| 3Y Return (annualized) | +16.36% | +18.02% | |
| 5Y Return (annualized) | - | +12.71% | |
| Volatility (annualized) | 15.6% | 14.6% | |
| Max Drawdown | -22.5% | -58.8% | |
| Fund Family | Calvert | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | Nov 10, 2006 |
CVMC vs VYM Performance
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is a ETF from Calvert and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CVMC returned +27.88% while VYM returned +25.99%. Year to date, CVMC is up 21.02% versus a gain of 15.57% for VYM.
Over three years, CVMC compounded at +16.36% per year against +18.02% for VYM. Across the full 4-year window we track, CVMC has the edge at +13.80% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVMC has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 14.6% for VYM. 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 -22.5% for CVMC 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVMC charges 0.15% per year while VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, CVMC currently yields 1.35% against 2.86% for VYM.
Holdings Overlap
CVMC and VYM share 191 holdings out of 977 unique holdings combined, representing a 17.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CVMC | Weight in VYM | Difference |
|---|---|---|---|
| STX | 1.34% | 0.38% | 0.96% |
| GLW | 1.03% | 0.51% | 0.52% |
| CMI | 0.76% | 0.35% | 0.41% |
| BKR | Pro | Pro | Pro |
| SRE | Pro | Pro | Pro |
| TFC | Pro | Pro | Pro |
| PCAR | Pro | Pro | Pro |
| TGT | Pro | Pro | Pro |
| D | Pro | Pro | Pro |
| XEL | Pro | Pro | Pro |
See all 10 holdings CVMC 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, CVMC or VYM?
CVMC has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, CVMC or VYM?
Over the past year CVMC returned +27.88% vs +25.99% for VYM, so CVMC leads on 1-year performance. Over the longest common window we track (4 years), CVMC annualized +13.80% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, CVMC or VYM?
CVMC has been the more volatile fund at 15.6% annualized versus 14.6% for VYM. Worst drawdown: CVMC -22.5% vs VYM -58.8%.
Should I hold both CVMC and VYM?
CVMC and VYM have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVMC and VYM?
CVMC and VYM share 191 common holdings with a 17.2% weight overlap. Combined, they hold 977 unique securities.
Which pays a higher dividend, CVMC or VYM?
CVMC yields 1.35% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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