SPUT vs VYM
SPUT vs VYM
Innovator Equity Premium Income - Daily PutWrite 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 | SPUT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.04% | |
| AUM | $17M | $79.0B | |
| Dividend Yield | 5.14% | 2.86% | |
| Holdings | 503 | 568 | |
| YTD Return | +8.16% | +15.57% | |
| 1Y Return | +15.07% | +25.99% | |
| 3Y Return (annualized) | - | +18.02% | |
| 5Y Return (annualized) | - | +12.71% | |
| Volatility (annualized) | 7.0% | 14.6% | |
| Max Drawdown | -10.6% | -58.8% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 14, 2025 | Nov 10, 2006 |
SPUT vs VYM Performance
Innovator Equity Premium Income - Daily PutWrite ETF (SPUT) is a ETF from Innovator ETFs Trust and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPUT returned +15.07% while VYM returned +25.99%. Year to date, SPUT is up 8.16% versus a gain of 15.57% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 7.0% for SPUT. 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 -10.6% for SPUT 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPUT 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, SPUT currently yields 5.14% against 2.86% for VYM.
Holdings Overlap
SPUT and VYM share 204 holdings out of 851 unique holdings combined, representing a 16.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPUT | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 1.26% | 6.47% | 5.21% |
| JPM | 0.69% | 3.36% | 2.67% |
| XOM | 0.58% | 2.83% | 2.25% |
| JNJ | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
See all 10 holdings SPUT 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, SPUT or VYM?
SPUT 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, SPUT or VYM?
Over the past year SPUT returned +15.07% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), SPUT annualized +15.57% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, SPUT or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 7.0% for SPUT. Worst drawdown: SPUT -10.6% vs VYM -58.8%.
Should I hold both SPUT and VYM?
SPUT and VYM have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPUT and VYM?
SPUT and VYM share 204 common holdings with a 16.4% weight overlap. Combined, they hold 851 unique securities.
Which pays a higher dividend, SPUT or VYM?
SPUT yields 5.14% while VYM yields 2.86%, so SPUT currently pays the higher dividend yield.
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