PDP vs VYM
PDP vs VYM
Invesco Dorsey Wright Momentum 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 | PDP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.62% | 0.04% | |
| AUM | $1.5B | $79.0B | |
| Dividend Yield | 0.07% | 2.86% | |
| Holdings | 103 | 568 | |
| YTD Return | +16.82% | +15.80% | |
| 1Y Return | +23.86% | +26.12% | |
| 3Y Return (annualized) | +20.66% | +18.25% | |
| 5Y Return (annualized) | +8.50% | +12.51% | |
| Volatility (annualized) | 18.4% | 14.6% | |
| Max Drawdown | -59.3% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 1, 2007 | Nov 10, 2006 |
PDP vs VYM Performance
Invesco Dorsey Wright Momentum ETF (PDP) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PDP returned +23.86% while VYM returned +26.12%. Year to date, PDP is up 16.82% versus a gain of 15.80% for VYM.
Over three years, PDP compounded at +20.66% per year against +18.25% for VYM; over five years the annualized figures are +8.50% and +12.51% respectively. Across the full 19-year window we track, PDP has the edge at +9.79% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDP has been the more volatile fund, with annualized monthly volatility of 18.4% 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 -59.3% for PDP 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
PDP charges 0.62% per year while VYM charges 0.04%. On a $10,000 position that is $62 vs $4 annually, a gap of $58 per year that compounds over a long holding period. On income, PDP currently yields 0.07% against 2.86% for VYM.
Holdings Overlap
PDP and VYM share 28 holdings out of 631 unique holdings combined, representing a 7.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PDP | Weight in VYM | Difference |
|---|---|---|---|
| JPM:US | 0.52% | 3.36% | 2.84% |
| STX | 2.59% | 0.38% | 2.21% |
| WMT | 0.47% | 2.44% | 1.97% |
| CAT | Pro | Pro | Pro |
| TRGP | Pro | Pro | Pro |
| GS | Pro | Pro | Pro |
| GILD | Pro | Pro | Pro |
| AM | Pro | Pro | Pro |
| WMB | Pro | Pro | Pro |
| TPR | Pro | Pro | Pro |
See all 10 holdings PDP 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, PDP or VYM?
PDP has an expense ratio of 0.62% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, PDP or VYM?
Over the past year PDP returned +23.86% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (19 years), PDP annualized +9.79% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, PDP or VYM?
PDP has been the more volatile fund at 18.4% annualized versus 14.6% for VYM. Worst drawdown: PDP -59.3% vs VYM -58.8%.
Should I hold both PDP and VYM?
PDP 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 PDP and VYM?
PDP and VYM share 28 common holdings with a 7.4% weight overlap. Combined, they hold 631 unique securities.
Which pays a higher dividend, PDP or VYM?
PDP yields 0.07% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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