ACV vs VYM
Virtus Diversified Income & Convertible Fund vs Vanguard High Dividend Yield ETF
Which is better, ACV or VYM?
Debt-oriented balanced against Large Cap Value.
VYM has a lower expense ratio. ACV led over 3Y, VYM over 1Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ACV | VYM |
|---|---|---|
| Expense Ratio | 2.55% | 0.04%Best |
| AUM | $268M | $78.9B |
| Dividend Yield | 9.75% | 2.37% |
| Holdings | 308 | 608 |
| YTD Return | -3.41% | +11.83%Best |
| 1Y Return | +4.65% | +15.96%Best |
| 3Y Return (annualized) | +20.74%Best | +18.60% |
| 5Y Return (annualized) | +5.62% | +11.51%Best |
| Volatility (annualized) | 24.9% | 14.0%Best |
| Max Drawdown | -54.0% | -35.7%Best |
| $10,000 over 5 years | $13,144 | $17,241Best |
| Fund Family | Virtus Investment Partners | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Debt-oriented balanced | Large Cap Value |
| Inception | May 26, 2015 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 22, 2015 to Oct 14, 2026 (11.4 years).
ACV vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.4 years both funds cover.
ACV vs VYM Performance
Virtus Diversified Income & Convertible Fund (ACV) is an ETF from Virtus Investment Partners and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year ACV returned +4.65% while VYM returned +15.96%. Year to date, ACV is down 3.41% versus a gain of 11.83% for VYM.
Over three years, ACV compounded at +20.74% per year against +18.60% for VYM; over five years the annualized figures are +5.62% and +11.51% respectively. Across the full 11-year window we track, VYM has the edge at +9.01% annualized vs +6.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ACV has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 14.0% 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 -54.0% for ACV and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACV charges 2.55% per year while VYM charges 0.04%. On a $10,000 position that is $255 vs $4 annually, a gap of $251 per year that compounds over a long holding period. On income, ACV currently yields 9.75% against 2.37% for VYM.
Holdings Overlap
At least 35.5% of VYM's money is in holdings ACV also owns.
Stated as a floor: for ACV, our book for it covers 60.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
33 positions in common, counted across the 183 positions we hold weights for in ACV and 602 in VYM, against full books of 308 and 608.
Top Shared Holdings
| Stock | Weight in ACV | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 0.69% | 6.94% | 6.25% |
| JPMJpmorgan Chase | 0.43% | 3.83% | 3.40% |
| JNJJohnson & Johnson - Common | 0.56% | 2.58% | 2.02% |
| XOMExxonmobil Corp. | 0.31% | 2.70% | 2.39% |
| UNHUnitedhealth Group Incorporated | 0.51% | 1.42% | 0.91% |
| MRKMerck & Company Inc | 0.37% | 1.47% | 1.10% |
| KOCoca-Cola Co. (The) | 0.39% | 1.39% | 1.00% |
| CATCaterpillar, Inc. | 0.28% | 1.46% | 1.18% |
| HDHome Depot Inc/The | 0.12% | 1.32% | 1.20% |
| MSMorgan Stanley | 0.37% | 0.96% | 0.59% |
35.5% of VYM is already inside ACV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ACV or VYM?
ACV has an expense ratio of 2.55% while VYM charges 0.04%. VYM is the cheaper option, by $251 a year on a $10,000 investment.
Which performed better, ACV or VYM?
Over the past year ACV returned +4.65% vs +15.96% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (11 years), ACV annualized +6.02% vs +9.01% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACV or VYM?
ACV has been the more volatile fund at 24.9% annualized versus 14.0% for VYM. Worst drawdown: ACV -54.0% vs VYM -35.7%.
Should I hold both ACV and VYM?
ACV and VYM have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ACV and VYM?
At least 35.5% of VYM's money is in holdings ACV also owns. Our book for ACV is partial, so the real figure is this or higher. They hold 33 positions in common, counted across the 183 positions we hold weights for in ACV and 602 in VYM.
Which pays a higher dividend, ACV or VYM?
ACV yields 9.75% while VYM yields 2.37%, so ACV currently pays the higher dividend yield.
Is VYM better than ACV?
VYM has a lower expense ratio. ACV led over 3Y, VYM over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.