RZV vs VYM
Invesco S&P Smallcap 600 Pure Value ETF vs Vanguard High Dividend Yield ETF
Which is better, RZV or VYM?
Small Cap Value against Large Cap Value.
VYM has a lower expense ratio. RZV led over 1Y, VYM over 3Y, 5Y and the full window. RZV is less concentrated, with 16.9% 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 | RZV | VYM |
|---|---|---|
| Expense Ratio | 0.35% | 0.04%Best |
| AUM | $281M | $78.9B |
| Dividend Yield | 1.47% | 2.37% |
| Holdings | 317 | 608 |
| YTD Return | +18.45%Best | +11.83% |
| 1Y Return | +20.48%Best | +15.96% |
| 3Y Return (annualized) | +18.22% | +18.60%Best |
| 5Y Return (annualized) | +8.94% | +11.51%Best |
| Volatility (annualized) | 29.5% | 14.6%Best |
| Max Drawdown | -77.9% | -58.8%Best |
| $10,000 over 5 years | $15,344 | $17,241Best |
| Top 10 Weight | 16.9%Best | 25.8% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Value |
| Inception | Mar 1, 2006 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Oct 14, 2026 (19.9 years).
RZV 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.
RZV vs VYM Performance
Invesco S&P Smallcap 600 Pure Value ETF (RZV) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year RZV returned +20.48% while VYM returned +15.96%. Year to date, RZV is up 18.45% versus a gain of 11.83% for VYM.
Over three years, RZV compounded at +18.22% per year against +18.60% for VYM; over five years the annualized figures are +8.94% and +11.51% respectively. Across the full 20-year window we track, VYM has the edge at +6.82% annualized vs +6.72%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RZV has been the more volatile fund, with annualized monthly volatility of 29.5% compared with 14.6% 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 -77.9% for RZV 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RZV charges 0.35% per year while VYM charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, RZV currently yields 1.47% against 2.37% for VYM.
Holdings Overlap
34.4% of RZV's money is in holdings VYM also owns. 0.7% of VYM's money is in holdings RZV also owns.
The two portfolios partly overlap.
57 positions in common, counted across the 157 positions we hold weights for in RZV and 602 in VYM, against full books of 317 and 608.
What only one of them owns
Our book lists 523 positions for VYM that do not appear in our book for RZV (97.1% of the fund), and 99 for RZV that do not appear in VYM (65.1%).
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 RZV | Weight in VYM | Difference |
|---|---|---|---|
| MANManpowergroup Inc | 2.07% | 0.01% | 2.06% |
| NWLNewell Brands Inc. | 1.53% | 0.01% | 1.52% |
| PTENPatterson-Uti Energy Inc | 1.42% | 0.02% | 1.40% |
| VACMarriott Vacations Worldwide Corp | 1.42% | 0.01% | 1.41% |
| CNXCConcentrix Corporation | 1.34% | 0.01% | 1.33% |
| SMSm Energy Co | 1.26% | 0.04% | 1.22% |
| VSHVishay Intertechnology Inc | 1.20% | 0.02% | 1.18% |
| MLKNHerman Miller Inc | 1.18% | 0.01% | 1.17% |
| OGNOrganon & Co | 1.13% | 0.01% | 1.12% |
| WKCWorld Kinect Corp | 1.12% | 0.01% | 1.11% |
34.4% of RZV 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, RZV or VYM?
RZV has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, RZV or VYM?
Over the past year RZV returned +20.48% vs +15.96% for VYM, so RZV leads on 1-year performance. Over the longest common window we track (20 years), RZV annualized +6.72% vs +6.82% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RZV or VYM?
RZV has been the more volatile fund at 29.5% annualized versus 14.6% for VYM. Worst drawdown: RZV -77.9% vs VYM -58.8%.
Should I hold both RZV and VYM?
RZV and VYM have a monthly-return correlation of 0.82, 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 RZV and VYM?
34.4% of RZV's money is in holdings VYM also owns. 0.7% of VYM's is in holdings RZV also owns. They hold 57 positions in common, counted across the 157 positions we hold weights for in RZV and 602 in VYM.
Which pays a higher dividend, RZV or VYM?
RZV yields 1.47% while VYM yields 2.37%, so VYM currently pays the higher dividend yield.
Is VYM better than RZV?
VYM has a lower expense ratio. RZV led over 1Y, VYM over 3Y, 5Y and the full window. RZV is less concentrated, with 16.9% 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.