SPXE vs VYM
SPXE vs VYM
ProShares S&P 500 Ex-Energy 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 | SPXE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.04% | |
| AUM | $83M | $79.0B | |
| Dividend Yield | 0.93% | 2.86% | |
| Holdings | 483 | 568 | |
| YTD Return | +13.17% | +15.45% | |
| 1Y Return | +23.52% | +26.05% | |
| 3Y Return (annualized) | +21.32% | +17.96% | |
| 5Y Return (annualized) | +12.90% | +12.54% | |
| Volatility (annualized) | 15.3% | 14.6% | |
| Max Drawdown | -32.3% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 22, 2015 | Nov 10, 2006 |
SPXE vs VYM Performance
ProShares S&P 500 Ex-Energy ETF (SPXE) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPXE returned +23.52% while VYM returned +26.05%. Year to date, SPXE is up 13.17% versus a gain of 15.45% for VYM.
Over three years, SPXE compounded at +21.32% per year against +17.96% for VYM; over five years the annualized figures are +12.90% and +12.54% respectively. Across the full 11-year window we track, SPXE has the edge at +14.73% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXE has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -32.3% for SPXE 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPXE charges 0.09% per year while VYM charges 0.04%. On a $10,000 position that is $9 vs $4 annually, a gap of $5 per year that compounds over a long holding period. On income, SPXE currently yields 0.93% against 2.86% for VYM.
Holdings Overlap
SPXE and VYM share 202 holdings out of 838 unique holdings combined, representing a 30.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPXE | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 2.81% | 6.47% | 3.66% |
| JPM | 1.44% | 3.36% | 1.92% |
| JNJ | 0.99% | 2.62% | 1.63% |
| WMT | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
See all 10 holdings SPXE 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, SPXE or VYM?
SPXE has an expense ratio of 0.09% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, SPXE or VYM?
Over the past year SPXE returned +23.52% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (11 years), SPXE annualized +14.73% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, SPXE or VYM?
SPXE has been the more volatile fund at 15.3% annualized versus 14.6% for VYM. Worst drawdown: SPXE -32.3% vs VYM -58.8%.
Should I hold both SPXE and VYM?
SPXE and VYM have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPXE and VYM?
SPXE and VYM share 202 common holdings with a 30.7% weight overlap. Combined, they hold 838 unique securities.
Which pays a higher dividend, SPXE or VYM?
SPXE yields 0.93% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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