SECR vs VYM
SECR vs VYM
NYLI MacKay Securitized Income 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 | SECR | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.04% | |
| AUM | $165M | $79.0B | |
| Dividend Yield | 6.81% | 2.86% | |
| Holdings | 452 | 568 | |
| YTD Return | +0.36% | +13.82% | |
| 1Y Return | +2.44% | +24.08% | |
| 3Y Return (annualized) | - | +17.72% | |
| 5Y Return (annualized) | - | +12.13% | |
| Volatility (annualized) | 4.4% | 14.6% | |
| Max Drawdown | -4.7% | -58.8% | |
| Fund Family | New York Life Investment Management LLC | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 31, 2024 | Nov 10, 2006 |
SECR vs VYM Performance
NYLI MacKay Securitized Income ETF (SECR) is a ETF from New York Life Investment Management LLC and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SECR returned +2.44% while VYM returned +24.08%. Year to date, SECR is up 0.36% versus a gain of 13.82% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 4.4% for SECR. 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 -4.7% for SECR 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SECR charges 0.28% per year while VYM charges 0.04%. On a $10,000 position that is $28 vs $4 annually, a gap of $24 per year that compounds over a long holding period. On income, SECR currently yields 6.81% against 2.86% for VYM.
Holdings Overlap
SECR and VYM share 0 holdings out of 658 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, SECR or VYM?
SECR has an expense ratio of 0.28% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, SECR or VYM?
Over the past year SECR returned +2.44% vs +24.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), SECR annualized +5.49% vs +6.98% for VYM. Past performance does not guarantee future results.
Which is riskier, SECR or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 4.4% for SECR. Worst drawdown: SECR -4.7% vs VYM -58.8%.
Should I hold both SECR and VYM?
SECR and VYM have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SECR and VYM?
SECR and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 658 unique securities.
Which pays a higher dividend, SECR or VYM?
SECR yields 6.81% while VYM yields 2.86%, so SECR currently pays the higher dividend yield.
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