PVEX vs VYM
PVEX vs VYM
TrueShares ConVex Protect 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 | PVEX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.04% | |
| AUM | $55M | $79.0B | |
| Dividend Yield | 0.07% | 2.86% | |
| Holdings | 31 | 568 | |
| YTD Return | +10.45% | +15.20% | |
| 1Y Return | +20.99% | +25.56% | |
| 3Y Return (annualized) | - | +17.86% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 11.7% | 14.6% | |
| Max Drawdown | -7.8% | -58.8% | |
| Fund Family | TrueShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 27, 2025 | Nov 10, 2006 |
PVEX vs VYM Performance
TrueShares ConVex Protect ETF (PVEX) is a ETF from TrueShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PVEX returned +20.99% while VYM returned +25.56%. Year to date, PVEX is up 10.45% versus a gain of 15.20% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 11.7% for PVEX. 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 -7.8% for PVEX 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PVEX charges 0.79% per year while VYM charges 0.04%. On a $10,000 position that is $79 vs $4 annually, a gap of $75 per year that compounds over a long holding period. On income, PVEX currently yields 0.07% against 2.86% for VYM.
Holdings Overlap
PVEX and VYM share 0 holdings out of 569 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, PVEX or VYM?
PVEX has an expense ratio of 0.79% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $75 per year of difference.
Which performed better, PVEX or VYM?
Over the past year PVEX returned +20.99% vs +25.56% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), PVEX annualized +22.73% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, PVEX or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 11.7% for PVEX. Worst drawdown: PVEX -7.8% vs VYM -58.8%.
Should I hold both PVEX and VYM?
PVEX and VYM have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PVEX and VYM?
PVEX and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 569 unique securities.
Which pays a higher dividend, PVEX or VYM?
PVEX yields 0.07% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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