TVAL vs VYM
TVAL vs VYM
T. Rowe Price Value ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. TVAL delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | TVAL | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.04% | |
| AUM | $986M | $79.0B | |
| Dividend Yield | 1.00% | 2.86% | |
| Holdings | 347 | 568 | |
| YTD Return | +21.55% | +15.20% | |
| 1Y Return | +34.01% | +25.56% | |
| 3Y Return (annualized) | +19.11% | +17.86% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 12.4% | 14.6% | |
| Max Drawdown | -15.8% | -58.8% | |
| Fund Family | T.Rowe Price | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 14, 2023 | Nov 10, 2006 |
TVAL vs VYM Performance
T. Rowe Price Value ETF (TVAL) is a ETF from T.Rowe Price and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year TVAL returned +34.01% while VYM returned +25.56%. Year to date, TVAL is up 21.55% versus a gain of 15.20% for VYM.
Over three years, TVAL compounded at +19.11% per year against +17.86% for VYM. Across the full 3-year window we track, TVAL has the edge at +19.33% annualized vs +7.05%. 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 12.4% for TVAL. 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 -15.8% for TVAL 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
TVAL charges 0.33% per year while VYM charges 0.04%. On a $10,000 position that is $33 vs $4 annually, a gap of $29 per year that compounds over a long holding period. On income, TVAL currently yields 1.00% against 2.86% for VYM.
Holdings Overlap
TVAL and VYM share 0 holdings out of 720 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, TVAL or VYM?
TVAL has an expense ratio of 0.33% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, TVAL or VYM?
Over the past year TVAL returned +34.01% vs +25.56% for VYM, so TVAL leads on 1-year performance. Over the longest common window we track (3 years), TVAL annualized +19.33% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, TVAL or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 12.4% for TVAL. Worst drawdown: TVAL -15.8% vs VYM -58.8%.
Should I hold both TVAL and VYM?
TVAL and VYM have a monthly-return correlation of 0.94, 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 TVAL and VYM?
TVAL and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 720 unique securities.
Which pays a higher dividend, TVAL or VYM?
TVAL yields 1.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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