ETY vs VYM
ETY vs VYM
Eaton Vance Tax-Managed Diversified Equity Income Fund 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 | ETY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.04% | |
| AUM | $1.8B | $79.0B | |
| Dividend Yield | 7.63% | 2.86% | |
| Holdings | 61 | 568 | |
| YTD Return | +0.51% | +15.80% | |
| 1Y Return | +0.72% | +26.12% | |
| 3Y Return (annualized) | +14.66% | +18.25% | |
| 5Y Return (annualized) | +8.80% | +12.51% | |
| Volatility (annualized) | 17.2% | 14.6% | |
| Max Drawdown | -64.6% | -58.8% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 27, 2006 | Nov 10, 2006 |
ETY vs VYM Performance
Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) is a ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ETY returned +0.72% while VYM returned +26.12%. Year to date, ETY is up 0.51% versus a gain of 15.80% for VYM.
Over three years, ETY compounded at +14.66% per year against +18.25% for VYM; over five years the annualized figures are +8.80% and +12.51% respectively. Across the full 20-year window we track, VYM has the edge at +7.07% annualized vs +0.66%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETY has been the more volatile fund, with annualized monthly volatility of 17.2% 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 -64.6% for ETY 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETY charges 1.06% per year while VYM charges 0.04%. On a $10,000 position that is $106 vs $4 annually, a gap of $102 per year that compounds over a long holding period. On income, ETY currently yields 7.63% against 2.86% for VYM.
Holdings Overlap
ETY and VYM share 14 holdings out of 593 unique holdings combined, representing a 16.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ETY | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 4.00% | 6.47% | 2.47% |
| JPM:US | 2.93% | 3.36% | 0.43% |
| JNJ | 1.80% | 2.62% | 0.82% |
| WMT | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| COP | Pro | Pro | Pro |
| ADI | Pro | Pro | Pro |
| ETN | Pro | Pro | Pro |
| LHX | Pro | Pro | Pro |
See all 10 holdings ETY 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, ETY or VYM?
ETY has an expense ratio of 1.06% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $102 per year of difference.
Which performed better, ETY or VYM?
Over the past year ETY returned +0.72% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), ETY annualized +0.66% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, ETY or VYM?
ETY has been the more volatile fund at 17.2% annualized versus 14.6% for VYM. Worst drawdown: ETY -64.6% vs VYM -58.8%.
Should I hold both ETY and VYM?
ETY and VYM have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETY and VYM?
ETY and VYM share 14 common holdings with a 16.6% weight overlap. Combined, they hold 593 unique securities.
Which pays a higher dividend, ETY or VYM?
ETY yields 7.63% while VYM yields 2.86%, so ETY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.