OPP vs VYM
OPP vs VYM
RiverNorth/DoubleLine Strategic Opportunity Fund Inc. 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 | OPP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 5.40% | 0.04% | |
| AUM | $206M | $79.0B | |
| Dividend Yield | 13.33% | 2.86% | |
| Holdings | 10,170 | 568 | |
| YTD Return | +3.37% | +13.82% | |
| 1Y Return | -1.71% | +24.08% | |
| 3Y Return (annualized) | +8.74% | +17.72% | |
| 5Y Return (annualized) | -1.46% | +12.13% | |
| Volatility (annualized) | 13.1% | 14.6% | |
| Max Drawdown | -45.9% | -58.8% | |
| Fund Family | RiverNorth | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 27, 2016 | Nov 10, 2006 |
OPP vs VYM Performance
RiverNorth/DoubleLine Strategic Opportunity Fund Inc. (OPP) is a ETF from RiverNorth and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year OPP returned -1.71% while VYM returned +24.08%. Year to date, OPP is up 3.37% versus a gain of 13.82% for VYM.
Over three years, OPP compounded at +8.74% per year against +17.72% for VYM; over five years the annualized figures are -1.46% and +12.13% respectively. Across the full 10-year window we track, VYM has the edge at +6.98% annualized vs -2.28%. 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 13.1% for OPP. 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 -45.9% for OPP 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OPP charges 5.40% per year while VYM charges 0.04%. On a $10,000 position that is $540 vs $4 annually, a gap of $536 per year that compounds over a long holding period. On income, OPP currently yields 13.33% against 2.86% for VYM.
Holdings Overlap
OPP and VYM share 0 holdings out of 623 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, OPP or VYM?
OPP has an expense ratio of 5.40% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $536 per year of difference.
Which performed better, OPP or VYM?
Over the past year OPP returned -1.71% vs +24.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (10 years), OPP annualized -2.28% vs +6.98% for VYM. Past performance does not guarantee future results.
Which is riskier, OPP or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 13.1% for OPP. Worst drawdown: OPP -45.9% vs VYM -58.8%.
Should I hold both OPP and VYM?
OPP and VYM have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OPP and VYM?
OPP and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 623 unique securities.
Which pays a higher dividend, OPP or VYM?
OPP yields 13.33% while VYM yields 2.86%, so OPP currently pays the higher dividend yield.
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