JMM vs VYM
Nuveen Multi-Market Income Fund vs Vanguard High Dividend Yield ETF
Which is better, JMM or VYM?
Diversified Sectoral Bond against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 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 | JMM | VYM |
|---|---|---|
| Expense Ratio | 1.58% | 0.04%Best |
| AUM | $58M | $78.9B |
| Dividend Yield | 5.70% | 2.37% |
| Holdings | 373 | 608 |
| YTD Return | -3.68% | +11.83%Best |
| 1Y Return | -7.01% | +15.96%Best |
| 3Y Return (annualized) | +6.00% | +18.60%Best |
| 5Y Return (annualized) | -0.63% | +11.51%Best |
| Volatility (annualized) | 10.6%Best | 14.6% |
| Max Drawdown | -45.7%Best | -58.8% |
| $10,000 over 5 years | $9,689 | $17,241Best |
| Fund Family | Nuveen | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Diversified Sectoral Bond | Large Cap Value |
| Inception | Dec 30, 1988 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Oct 14, 2026 (19.9 years).
JMM 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 19.9 years both funds cover.
JMM vs VYM Performance
Nuveen Multi-Market Income Fund (JMM) is an ETF from Nuveen and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year JMM returned -7.01% while VYM returned +15.96%. Year to date, JMM is down 3.68% versus a gain of 11.83% for VYM.
Over three years, JMM compounded at +6.00% per year against +18.60% for VYM; over five years the annualized figures are -0.63% and +11.51% respectively. Across the full 20-year window we track, VYM has the edge at +6.82% annualized vs -0.31%.
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 10.6% for JMM. 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 -45.7% for JMM and -58.8% 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 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JMM charges 1.58% per year while VYM charges 0.04%. On a $10,000 position that is $158 vs $4 annually, a gap of $154 per year that compounds over a long holding period. On income, JMM currently yields 5.70% against 2.37% for VYM.
Holdings Overlap
At least 0.9% of VYM's money is in holdings JMM also owns.
Stated as a floor: for JMM, our book for it covers 55.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 171 positions we hold weights for in JMM and 602 in VYM, against full books of 373 and 608.
Top Shared Holdings
| Stock | Weight in JMM | Weight in VYM | Difference |
|---|---|---|---|
| CCitigroup Inc V/R /Perp | 0.30% | 0.90% | 0.60% |
You are not choosing between two funds in isolation.
Whichever of JMM 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, JMM or VYM?
JMM has an expense ratio of 1.58% while VYM charges 0.04%. VYM is the cheaper option, by $154 a year on a $10,000 investment.
Which performed better, JMM or VYM?
Over the past year JMM returned -7.01% vs +15.96% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), JMM annualized -0.31% vs +6.82% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JMM or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 10.6% for JMM. Worst drawdown: JMM -45.7% vs VYM -58.8%.
Should I hold both JMM and VYM?
JMM and VYM have a monthly-return correlation of 0.42, 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, JMM or VYM?
JMM yields 5.70% while VYM yields 2.37%, so JMM currently pays the higher dividend yield.
Is VYM better than JMM?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.