FIXT vs VYM
FIXT vs VYM
TCW Core Plus Bond 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 | FIXT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.04% | |
| AUM | $213M | $79.0B | |
| Dividend Yield | 5.51% | 2.86% | |
| Holdings | 578 | 568 | |
| YTD Return | -0.07% | +15.57% | |
| 1Y Return | +2.46% | +25.99% | |
| 3Y Return (annualized) | +11.06% | +18.02% | |
| 5Y Return (annualized) | - | +12.71% | |
| Volatility (annualized) | 17.6% | 14.6% | |
| Max Drawdown | -20.4% | -58.8% | |
| Fund Family | TCW ETFs | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 28, 2002 | Nov 10, 2006 |
FIXT vs VYM Performance
TCW Core Plus Bond ETF (FIXT) is a ETF from TCW ETFs and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FIXT returned +2.46% while VYM returned +25.99%. Year to date, FIXT is down 0.07% versus a gain of 15.57% for VYM.
Over three years, FIXT compounded at +11.06% per year against +18.02% for VYM. Across the full 4-year window we track, FIXT has the edge at +12.39% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FIXT has been the more volatile fund, with annualized monthly volatility of 17.6% 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 -20.4% for FIXT 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FIXT charges 0.40% per year while VYM charges 0.04%. On a $10,000 position that is $40 vs $4 annually, a gap of $36 per year that compounds over a long holding period. On income, FIXT currently yields 5.51% against 2.86% for VYM.
Holdings Overlap
FIXT and VYM share 1 holdings out of 816 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FIXT | Weight in VYM | Difference |
|---|---|---|---|
| CNP | 0.12% | 0.12% | 0.00% |
Frequently Asked Questions
Which is cheaper, FIXT or VYM?
FIXT has an expense ratio of 0.40% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, FIXT or VYM?
Over the past year FIXT returned +2.46% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), FIXT annualized +12.39% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, FIXT or VYM?
FIXT has been the more volatile fund at 17.6% annualized versus 14.6% for VYM. Worst drawdown: FIXT -20.4% vs VYM -58.8%.
Should I hold both FIXT and VYM?
FIXT and VYM have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIXT and VYM?
FIXT and VYM share 1 common holdings with a 0.1% weight overlap. Combined, they hold 816 unique securities.
Which pays a higher dividend, FIXT or VYM?
FIXT yields 5.51% while VYM yields 2.86%, so FIXT currently pays the higher dividend yield.
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