DFIP vs VYM
Dimensional Inflation-Protected Securities ETF vs Vanguard High Dividend Yield ETF
Which is better, DFIP or VYM?
Inflation Protection against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 81.7%.
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 | DFIP | VYM |
|---|---|---|
| Expense Ratio | 0.11% | 0.04%Best |
| AUM | $1.1B | $78.9B |
| Dividend Yield | 5.56% | 2.37% |
| Holdings | 46 | 608 |
| YTD Return | -1.67% | +11.83%Best |
| 1Y Return | -2.41% | +15.96%Best |
| 3Y Return (annualized) | +4.13% | +18.60%Best |
| 5Y Return (annualized) | -0.41% | +11.51%Best |
| Volatility (annualized) | 6.8%Best | 13.9% |
| Max Drawdown | -15.0%Best | -15.8% |
| $10,000 over 5 years | $9,797 | $17,241Best |
| Top 10 Weight | 81.7% | 25.8%Best |
| Fund Family | Dimensional | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Inflation Protection | Large Cap Value |
| Inception | Nov 15, 2021 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2021 to Oct 14, 2026 (4.9 years).
DFIP 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 4.9 years both funds cover.
DFIP vs VYM Performance
Dimensional Inflation-Protected Securities ETF (DFIP) is an ETF from Dimensional and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year DFIP returned -2.41% while VYM returned +15.96%. Year to date, DFIP is down 1.67% versus a gain of 11.83% for VYM.
Over three years, DFIP compounded at +4.13% per year against +18.60% for VYM; over five years the annualized figures are -0.41% and +11.51% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 6.8% for DFIP. 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 -15.0% for DFIP and -15.8% 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DFIP charges 0.11% per year while VYM charges 0.04%. On a $10,000 position that is $11 vs $4 annually, a gap of $7 per year that compounds over a long holding period. On income, DFIP currently yields 5.56% against 2.37% for VYM.
Holdings Overlap
We hold position weights for 21 holdings in DFIP and 602 in VYM, totalling 99.5% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 21 positions we hold weights for in DFIP and 602 in VYM, against full books of 46 and 608.
What only one of them owns
Our book lists 573 positions for VYM that do not appear in our book for DFIP (97.9% of the fund), and 21 for DFIP that do not appear in VYM (99.5%).
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.
You are not choosing between two funds in isolation.
Whichever of DFIP and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFIP or VYM?
DFIP has an expense ratio of 0.11% while VYM charges 0.04%. VYM is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, DFIP or VYM?
Over the past year DFIP returned -2.41% vs +15.96% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFIP or VYM?
VYM has been the more volatile fund at 13.9% annualized versus 6.8% for DFIP. Worst drawdown: DFIP -15.0% vs VYM -15.8%.
Should I hold both DFIP and VYM?
DFIP and VYM have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DFIP or VYM?
DFIP yields 5.56% while VYM yields 2.37%, so DFIP currently pays the higher dividend yield.
Is VYM better than DFIP?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 81.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.