PSH vs VYM
PSH vs VYM
PGIM Short Duration High Yield 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 | PSH | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.04% | |
| AUM | $173M | $79.0B | |
| Dividend Yield | 7.18% | 2.86% | |
| Holdings | 604 | 568 | |
| YTD Return | -1.24% | +15.45% | |
| 1Y Return | +0.68% | +26.05% | |
| 3Y Return (annualized) | - | +17.96% | |
| 5Y Return (annualized) | - | +12.54% | |
| Volatility (annualized) | 8.7% | 14.6% | |
| Max Drawdown | -14.0% | -58.8% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 14, 2023 | Nov 10, 2006 |
PSH vs VYM Performance
PGIM Short Duration High Yield ETF (PSH) is a ETF from PGIM Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PSH returned +0.68% while VYM returned +26.05%. Year to date, PSH is down 1.24% versus a gain of 15.45% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 8.7% for PSH. 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 -14.0% for PSH 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PSH charges 0.45% per year while VYM charges 0.04%. On a $10,000 position that is $45 vs $4 annually, a gap of $41 per year that compounds over a long holding period. On income, PSH currently yields 7.18% against 2.86% for VYM.
Holdings Overlap
PSH and VYM share 1 holdings out of 921 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 PSH | Weight in VYM | Difference |
|---|---|---|---|
| GEN | 0.53% | 0.05% | 0.48% |
Frequently Asked Questions
Which is cheaper, PSH or VYM?
PSH has an expense ratio of 0.45% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, PSH or VYM?
Over the past year PSH returned +0.68% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), PSH annualized -0.38% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, PSH or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 8.7% for PSH. Worst drawdown: PSH -14.0% vs VYM -58.8%.
Should I hold both PSH and VYM?
PSH and VYM have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSH and VYM?
PSH and VYM share 1 common holdings with a 0.1% weight overlap. Combined, they hold 921 unique securities.
Which pays a higher dividend, PSH or VYM?
PSH yields 7.18% while VYM yields 2.86%, so PSH currently pays the higher dividend yield.
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