DIVN vs VYM
Horizon Dividend Income ETF vs Vanguard High Dividend Yield ETF
Which is better, DIVN or VYM?
Each has led over a different period.
VYM has a lower expense ratio. DIVN led over 1Y, VYM over the full window. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 36.8%.
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 | DIVN | VYM |
|---|---|---|
| Expense Ratio | 0.70% | 0.04%Best |
| AUM | $335M | $78.9B |
| Dividend Yield | 4.15% | 2.37% |
| Holdings | 103 | 608 |
| YTD Return | +15.25%Best | +11.83% |
| 1Y Return | +18.59%Best | +15.96% |
| 3Y Return (annualized) | - | +18.60% |
| 5Y Return (annualized) | - | +11.51% |
| Volatility (annualized) | 10.3% | 10.0%Best |
| Max Drawdown | -5.5%Best | -6.7% |
| $10,000 over 1.3 years | $12,349 | $12,401Best |
| Top 10 Weight | 36.8% | 25.8%Best |
| Fund Family | Horizon Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 25, 2025 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 26, 2025 to Oct 14, 2026 (1.3 years).
DIVN 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 1.3 years both funds cover.
DIVN vs VYM Performance
Horizon Dividend Income ETF (DIVN) is an ETF from Horizon Funds and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year DIVN returned +18.59% while VYM returned +15.96%. Year to date, DIVN is up 15.25% versus a gain of 11.83% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIVN has been the more volatile fund, with annualized monthly volatility of 10.3% compared with 10.0% 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 -5.5% for DIVN and -6.7% 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVN charges 0.70% per year while VYM charges 0.04%. On a $10,000 position that is $70 vs $4 annually, a gap of $66 per year that compounds over a long holding period. On income, DIVN currently yields 4.15% against 2.37% for VYM.
Holdings Overlap
95.2% of DIVN's money is in holdings VYM also owns. 30.7% of VYM's money is in holdings DIVN also owns.
Most of DIVN is already inside VYM. Owning both mostly buys the same companies twice.
90 positions in common, counted across the 100 positions we hold weights for in DIVN and 602 in VYM, against full books of 103 and 608.
What only one of them owns
Our book lists 483 positions for VYM that do not appear in our book for DIVN (67.2% of the fund), and 9 for DIVN that do not appear in VYM (3.9%).
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 DIVN | Weight in VYM | Difference |
|---|---|---|---|
| CVXChevron Corp | 5.26% | 1.54% | 3.72% |
| PMPhilip Morris International Inc. | 5.18% | 1.18% | 4.00% |
| ABBVAbbvie Inc. | 4.41% | 1.83% | 2.58% |
| PGProcter & Gamble Company | 4.69% | 1.36% | 3.33% |
| QCOMQualcomm Inc. | 3.49% | 0.72% | 2.77% |
| MCDMcdonald'S Corp | 3.22% | 0.75% | 2.47% |
| MRKMerck & Company Inc | 2.37% | 1.47% | 0.90% |
| AMGNAmgen Inc. | 2.81% | 0.86% | 1.95% |
| COPConocophillips Common Stock USD 0.01 | 2.76% | 0.65% | 2.11% |
| GILDGilead Sciences | 2.60% | 0.73% | 1.87% |
95.2% of DIVN 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.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVN or VYM?
DIVN has an expense ratio of 0.70% while VYM charges 0.04%. VYM is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, DIVN or VYM?
Over the past year DIVN returned +18.59% vs +15.96% for VYM, so DIVN leads on 1-year performance. Over the longest common window we track (1 years), DIVN annualized +17.62% vs +18.00% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVN or VYM?
DIVN has been the more volatile fund at 10.3% annualized versus 10.0% for VYM. Worst drawdown: DIVN -5.5% vs VYM -6.7%.
Should I hold both DIVN and VYM?
DIVN and VYM have a monthly-return correlation of 0.81, 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 DIVN and VYM?
95.2% of DIVN's money is in holdings VYM also owns. 30.7% of VYM's is in holdings DIVN also owns. They hold 90 positions in common, counted across the 100 positions we hold weights for in DIVN and 602 in VYM.
Which pays a higher dividend, DIVN or VYM?
DIVN yields 4.15% while VYM yields 2.37%, so DIVN currently pays the higher dividend yield.
Is VYM better than DIVN?
VYM has a lower expense ratio. DIVN led over 1Y, VYM over the full window. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 36.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.