SPXN vs VYM
SPXN vs VYM
ProShares S&P 500 Ex-Financials 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 | SPXN | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.04% | |
| AUM | $76M | $79.0B | |
| Dividend Yield | 0.90% | 2.86% | |
| Holdings | 397 | 568 | |
| YTD Return | +12.45% | +13.82% | |
| 1Y Return | +23.07% | +24.08% | |
| 3Y Return (annualized) | +21.01% | +17.72% | |
| 5Y Return (annualized) | +13.37% | +12.13% | |
| Volatility (annualized) | 15.6% | 14.6% | |
| Max Drawdown | -32.1% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 22, 2015 | Nov 10, 2006 |
SPXN vs VYM Performance
ProShares S&P 500 Ex-Financials ETF (SPXN) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPXN returned +23.07% while VYM returned +24.08%. Year to date, SPXN is up 12.45% versus a gain of 13.82% for VYM.
Over three years, SPXN compounded at +21.01% per year against +17.72% for VYM; over five years the annualized figures are +13.37% and +12.13% respectively. Across the full 11-year window we track, SPXN has the edge at +14.71% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXN has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -32.1% for SPXN 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPXN 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, SPXN currently yields 0.90% against 2.86% for VYM.
Holdings Overlap
SPXN and VYM share 179 holdings out of 775 unique holdings combined, representing a 30.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPXN | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 3.17% | 6.47% | 3.30% |
| XOM | 1.01% | 2.83% | 1.82% |
| JNJ | 1.12% | 2.62% | 1.50% |
| WMT | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
See all 10 holdings SPXN 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, SPXN or VYM?
SPXN 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, SPXN or VYM?
Over the past year SPXN returned +23.07% vs +24.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (11 years), SPXN annualized +14.71% vs +6.98% for VYM. Past performance does not guarantee future results.
Which is riskier, SPXN or VYM?
SPXN has been the more volatile fund at 15.6% annualized versus 14.6% for VYM. Worst drawdown: SPXN -32.1% vs VYM -58.8%.
Should I hold both SPXN and VYM?
SPXN and VYM have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPXN and VYM?
SPXN and VYM share 179 common holdings with a 30.4% weight overlap. Combined, they hold 775 unique securities.
Which pays a higher dividend, SPXN or VYM?
SPXN yields 0.90% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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