CVMC vs VYM
Calvert US Mid-Cap Core Responsible Index ETF vs Vanguard High Dividend Yield ETF
Which is better, CVMC or VYM?
Mid Cap Blend against Large Cap Value.
VYM has a lower expense ratio. CVMC led over 1Y, VYM over 3Y and the full window. CVMC is less concentrated, with 5.9% of the fund in its ten largest positions against 25.8%.
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 | CVMC | VYM |
|---|---|---|
| Expense Ratio | 0.15% | 0.04%Best |
| AUM | $115M | $78.9B |
| Dividend Yield | 1.23% | 2.37% |
| Holdings | 1,184 | 608 |
| YTD Return | +14.85%Best | +11.83% |
| 1Y Return | +18.30%Best | +15.96% |
| 3Y Return (annualized) | +17.39% | +18.60%Best |
| 5Y Return (annualized) | - | +11.51% |
| Volatility (annualized) | 15.5% | 11.4%Best |
| Max Drawdown | -22.5% | -14.5%Best |
| $10,000 over 3.7 years | $14,930 | $15,914Best |
| Top 10 Weight | 5.9%Best | 25.8% |
| Fund Family | Calvert | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Jan 30, 2023 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVMC 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 3.7 years both funds cover.
CVMC vs VYM Performance
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is an ETF from Calvert and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year CVMC returned +18.30% while VYM returned +15.96%. Year to date, CVMC is up 14.85% versus a gain of 11.83% for VYM.
Over three years, CVMC compounded at +17.39% per year against +18.60% for VYM. Across the full 4-year window we track, VYM has the edge at +13.38% annualized vs +11.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVMC has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 11.4% 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 -22.5% for CVMC and -14.5% 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVMC charges 0.15% per year while VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, CVMC currently yields 1.23% against 2.37% for VYM.
Holdings Overlap
38.8% of CVMC's money is in holdings VYM also owns. 16.9% of VYM's money is in holdings CVMC also owns.
The two portfolios partly overlap.
217 positions in common, counted across the 595 positions we hold weights for in CVMC and 602 in VYM, against full books of 1,184 and 608.
What only one of them owns
Our book lists 358 positions for VYM that do not appear in our book for CVMC (81.0% of the fund), and 367 for CVMC that do not appear in VYM (59.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVMC | Weight in VYM | Difference |
|---|---|---|---|
| HPEHewlett Packard Enterprise Co | 0.81% | 0.28% | 0.53% |
| TGTTARGET CORP | 0.62% | 0.29% | 0.33% |
| PCARPaccar Inc. | 0.51% | 0.26% | 0.25% |
| FASTFastenal Co. | 0.52% | 0.23% | 0.29% |
| NUENucor Corp. | 0.50% | 0.22% | 0.28% |
| DDominion Energy Inc. | 0.49% | 0.23% | 0.26% |
| SRESempra Common Stock | 0.47% | 0.22% | 0.25% |
| METMetlife Inc. | 0.47% | 0.21% | 0.26% |
| AFLAflac Inc. | 0.46% | 0.21% | 0.25% |
| BDXBecton Dickinson And Co. | 0.45% | 0.22% | 0.23% |
38.8% of CVMC is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, CVMC or VYM?
CVMC has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, CVMC or VYM?
Over the past year CVMC returned +18.30% vs +15.96% for VYM, so CVMC leads on 1-year performance. Over the longest common window we track (4 years), CVMC annualized +11.44% vs +13.38% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVMC or VYM?
CVMC has been the more volatile fund at 15.5% annualized versus 11.4% for VYM. Worst drawdown: CVMC -22.5% vs VYM -14.5%.
Should I hold both CVMC and VYM?
CVMC and VYM have a monthly-return correlation of 0.89, 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 CVMC and VYM?
38.8% of CVMC's money is in holdings VYM also owns. 16.9% of VYM's is in holdings CVMC also owns. They hold 217 positions in common, counted across the 595 positions we hold weights for in CVMC and 602 in VYM.
Which pays a higher dividend, CVMC or VYM?
CVMC yields 1.23% while VYM yields 2.37%, so VYM currently pays the higher dividend yield.
Is VYM better than CVMC?
VYM has a lower expense ratio. CVMC led over 1Y, VYM over 3Y and the full window. CVMC is less concentrated, with 5.9% of the fund in its ten largest positions against 25.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.