TRPA vs VYM
TRPA vs VYM
Hartford AAA CLO 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 | TRPA | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.04% | |
| AUM | $111M | $79.0B | |
| Dividend Yield | 5.07% | 2.86% | |
| Holdings | 123 | 568 | |
| YTD Return | -0.13% | +13.82% | |
| 1Y Return | +1.46% | +24.08% | |
| 3Y Return (annualized) | +5.08% | +17.72% | |
| 5Y Return (annualized) | +2.78% | +12.13% | |
| Volatility (annualized) | 3.5% | 14.6% | |
| Max Drawdown | -10.8% | -58.8% | |
| Fund Family | Hartford Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 30, 2018 | Nov 10, 2006 |
TRPA vs VYM Performance
Hartford AAA CLO ETF (TRPA) is a ETF from Hartford Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year TRPA returned +1.46% while VYM returned +24.08%. Year to date, TRPA is down 0.13% versus a gain of 13.82% for VYM.
Over three years, TRPA compounded at +5.08% per year against +17.72% for VYM; over five years the annualized figures are +2.78% and +12.13% respectively. Across the full 8-year window we track, VYM has the edge at +6.98% annualized vs +3.14%. 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 3.5% for TRPA. 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 -10.8% for TRPA 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TRPA charges 0.24% per year while VYM charges 0.04%. On a $10,000 position that is $24 vs $4 annually, a gap of $20 per year that compounds over a long holding period. On income, TRPA currently yields 5.07% against 2.86% for VYM.
Holdings Overlap
TRPA and VYM share 0 holdings out of 569 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, TRPA or VYM?
TRPA has an expense ratio of 0.24% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, TRPA or VYM?
Over the past year TRPA returned +1.46% vs +24.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (8 years), TRPA annualized +3.14% vs +6.98% for VYM. Past performance does not guarantee future results.
Which is riskier, TRPA or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 3.5% for TRPA. Worst drawdown: TRPA -10.8% vs VYM -58.8%.
Should I hold both TRPA and VYM?
TRPA and VYM have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TRPA and VYM?
TRPA and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 569 unique securities.
Which pays a higher dividend, TRPA or VYM?
TRPA yields 5.07% while VYM yields 2.86%, so TRPA currently pays the higher dividend yield.
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