VIOV vs VYM
VIOV vs VYM
Vanguard S&P Small Cap 600 Value ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VIOV delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | VIOV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.04% | |
| AUM | $1.9B | $79.0B | |
| Dividend Yield | 2.12% | 2.86% | |
| Holdings | 464 | 568 | |
| YTD Return | +21.15% | +15.20% | |
| 1Y Return | +38.10% | +25.56% | |
| 3Y Return (annualized) | +13.50% | +17.86% | |
| 5Y Return (annualized) | +8.22% | +12.35% | |
| Volatility (annualized) | 20.1% | 14.6% | |
| Max Drawdown | -48.9% | -58.8% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2010 | Nov 10, 2006 |
VIOV vs VYM Performance
Vanguard S&P Small Cap 600 Value ETF (VIOV) is a ETF from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year VIOV returned +38.10% while VYM returned +25.56%. Year to date, VIOV is up 21.15% versus a gain of 15.20% for VYM.
Over three years, VIOV compounded at +13.50% per year against +17.86% for VYM; over five years the annualized figures are +8.22% and +12.35% respectively. Across the full 16-year window we track, VIOV has the edge at +10.99% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIOV has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -48.9% for VIOV 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VIOV charges 0.10% per year while VYM charges 0.04%. On a $10,000 position that is $10 vs $4 annually, a gap of $6 per year that compounds over a long holding period. On income, VIOV currently yields 2.12% against 2.86% for VYM.
Holdings Overlap
VIOV and VYM share 142 holdings out of 877 unique holdings combined, representing a 1.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in VIOV | Weight in VYM | Difference |
|---|---|---|---|
| EMN | 0.82% | 0.04% | 0.78% |
| JXN | 0.77% | 0.03% | 0.74% |
| VSH | 0.76% | 0.01% | 0.75% |
| KLIC | Pro | Pro | Pro |
| LKQ | Pro | Pro | Pro |
| AUB | Pro | Pro | Pro |
| LW | Pro | Pro | Pro |
| LNC | Pro | Pro | Pro |
| SM | Pro | Pro | Pro |
| MTH | Pro | Pro | Pro |
See all 10 holdings VIOV 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, VIOV or VYM?
VIOV has an expense ratio of 0.10% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, VIOV or VYM?
Over the past year VIOV returned +38.10% vs +25.56% for VYM, so VIOV leads on 1-year performance. Over the longest common window we track (16 years), VIOV annualized +10.99% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, VIOV or VYM?
VIOV has been the more volatile fund at 20.1% annualized versus 14.6% for VYM. Worst drawdown: VIOV -48.9% vs VYM -58.8%.
Should I hold both VIOV and VYM?
VIOV and VYM have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VIOV and VYM?
VIOV and VYM share 142 common holdings with a 1.7% weight overlap. Combined, they hold 877 unique securities.
Which pays a higher dividend, VIOV or VYM?
VIOV yields 2.12% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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