VOO vs VYM
VOO vs VYM
Vanguard S&P 500 ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VOO has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | VOO | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.04% | |
| AUM | $979.0B | $79.0B | |
| Dividend Yield | 1.09% | 2.86% | |
| Holdings | 509 | 568 | |
| YTD Return | +13.53% | +15.57% | |
| 1Y Return | +23.65% | +25.99% | |
| 3Y Return (annualized) | +21.27% | +18.02% | |
| 5Y Return (annualized) | +13.52% | +12.71% | |
| Volatility (annualized) | 14.1% | 14.6% | |
| Max Drawdown | -34.3% | -58.8% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2010 | Nov 10, 2006 |
VOO vs VYM Performance
Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year VOO returned +23.65% while VYM returned +25.99%. Year to date, VOO is up 13.53% versus a gain of 15.57% for VYM.
Over three years, VOO compounded at +21.27% per year against +18.02% for VYM; over five years the annualized figures are +13.52% and +12.71% respectively. Across the full 16-year window we track, VOO has the edge at +13.57% 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 14.1% for VOO. 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 -34.3% for VOO 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VOO charges 0.03% per year while VYM charges 0.04%. On a $10,000 position that is $3 vs $4 annually, a gap of $1 per year that compounds over a long holding period. On income, VOO currently yields 1.09% against 2.86% for VYM.
Holdings Overlap
VOO and VYM share 227 holdings out of 836 unique holdings combined, representing a 32.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in VOO | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 2.77% | 6.47% | 3.70% |
| JPM | 1.26% | 3.36% | 2.10% |
| XOM | 0.88% | 2.83% | 1.95% |
| JNJ | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
See all 10 holdings VOO 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, VOO or VYM?
VOO has an expense ratio of 0.03% while VYM charges 0.04%. VOO is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, VOO or VYM?
Over the past year VOO returned +23.65% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.57% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, VOO or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 14.1% for VOO. Worst drawdown: VOO -34.3% vs VYM -58.8%.
Should I hold both VOO and VYM?
VOO and VYM have a monthly-return correlation of 0.90, 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 VOO and VYM?
VOO and VYM share 227 common holdings with a 32.8% weight overlap. Combined, they hold 836 unique securities.
Which pays a higher dividend, VOO or VYM?
VOO yields 1.09% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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