SPXT vs VYM
SPXT vs VYM
ProShares S&P 500 Ex-Technology 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 | SPXT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.04% | |
| AUM | $275M | $79.0B | |
| Dividend Yield | 1.37% | 2.86% | |
| Holdings | 430 | 568 | |
| YTD Return | +8.80% | +15.57% | |
| 1Y Return | +18.35% | +25.99% | |
| 3Y Return (annualized) | +16.10% | +18.02% | |
| 5Y Return (annualized) | +9.92% | +12.71% | |
| Volatility (annualized) | 14.4% | 14.6% | |
| Max Drawdown | -34.4% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 22, 2015 | Nov 10, 2006 |
SPXT vs VYM Performance
ProShares S&P 500 Ex-Technology ETF (SPXT) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPXT returned +18.35% while VYM returned +25.99%. Year to date, SPXT is up 8.80% versus a gain of 15.57% for VYM.
Over three years, SPXT compounded at +16.10% per year against +18.02% for VYM; over five years the annualized figures are +9.92% and +12.71% respectively. Across the full 11-year window we track, SPXT has the edge at +10.87% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 14.4% for SPXT. 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 -34.4% for SPXT 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPXT 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, SPXT currently yields 1.37% against 2.86% for VYM.
Holdings Overlap
SPXT and VYM share 204 holdings out of 783 unique holdings combined, representing a 42.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPXT | Weight in VYM | Difference |
|---|---|---|---|
| JPM | 2.22% | 3.36% | 1.14% |
| XOM | 1.38% | 2.83% | 1.45% |
| JNJ | 1.53% | 2.62% | 1.09% |
| WMT | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
See all 10 holdings SPXT 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, SPXT or VYM?
SPXT 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, SPXT or VYM?
Over the past year SPXT returned +18.35% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (11 years), SPXT annualized +10.87% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, SPXT or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 14.4% for SPXT. Worst drawdown: SPXT -34.4% vs VYM -58.8%.
Should I hold both SPXT and VYM?
SPXT and VYM have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPXT and VYM?
SPXT and VYM share 204 common holdings with a 42.3% weight overlap. Combined, they hold 783 unique securities.
Which pays a higher dividend, SPXT or VYM?
SPXT yields 1.37% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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