TCPB vs VYM
TCPB vs VYM
Thrivent Core Plus Bond 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 | TCPB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.04% | |
| AUM | $470M | $79.0B | |
| Dividend Yield | 5.16% | 2.86% | |
| Holdings | 462 | 568 | |
| YTD Return | -0.01% | +13.82% | |
| 1Y Return | +2.76% | +24.08% | |
| 3Y Return (annualized) | - | +17.72% | |
| 5Y Return (annualized) | - | +12.13% | |
| Volatility (annualized) | 3.2% | 14.6% | |
| Max Drawdown | -2.7% | -58.8% | |
| Fund Family | Thrivent Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 19, 2025 | Nov 10, 2006 |
TCPB vs VYM Performance
Thrivent Core Plus Bond ETF (TCPB) is a ETF from Thrivent Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year TCPB returned +2.76% while VYM returned +24.08%. Year to date, TCPB is down 0.01% 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 3.2% for TCPB. 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 -2.7% for TCPB 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TCPB charges 0.39% per year while VYM charges 0.04%. On a $10,000 position that is $39 vs $4 annually, a gap of $35 per year that compounds over a long holding period. On income, TCPB currently yields 5.16% against 2.86% for VYM.
Holdings Overlap
TCPB and VYM share 0 holdings out of 803 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, TCPB or VYM?
TCPB has an expense ratio of 0.39% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, TCPB or VYM?
Over the past year TCPB returned +2.76% vs +24.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), TCPB annualized +4.30% vs +6.98% for VYM. Past performance does not guarantee future results.
Which is riskier, TCPB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 3.2% for TCPB. Worst drawdown: TCPB -2.7% vs VYM -58.8%.
Should I hold both TCPB and VYM?
TCPB and VYM have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TCPB and VYM?
TCPB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 803 unique securities.
Which pays a higher dividend, TCPB or VYM?
TCPB yields 5.16% while VYM yields 2.86%, so TCPB currently pays the higher dividend yield.
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