SPUT vs VYM
Innovator Equity Premium Income - Daily PutWrite ETF vs Vanguard High Dividend Yield ETF
Which is better, SPUT or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y 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 | SPUT | VYM |
|---|---|---|
| Expense Ratio | 0.79% | 0.04%Best |
| AUM | $17M | $78.9B |
| Dividend Yield | 4.74% | 2.37% |
| Holdings | 1,509 | 608 |
| YTD Return | +9.31% | +12.47%Best |
| 1Y Return | +12.36% | +16.31%Best |
| 3Y Return (annualized) | - | +18.81% |
| 5Y Return (annualized) | - | +11.50% |
| Volatility (annualized) | 6.7%Best | 10.4% |
| Max Drawdown | -10.6%Best | -11.5% |
| $10,000 over 1.6 years | $12,379 | $13,050Best |
| Fund Family | Innovator ETFs Trust | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Mar 14, 2025 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 14, 2025 to Oct 15, 2026 (1.6 years).
SPUT 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 1.6 years both funds cover.
SPUT vs VYM Performance
Innovator Equity Premium Income - Daily PutWrite ETF (SPUT) is an ETF from Innovator ETFs Trust and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPUT returned +12.36% while VYM returned +16.31%. Year to date, SPUT is up 9.31% versus a gain of 12.47% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 10.4% compared with 6.7% for SPUT. 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 -10.6% for SPUT and -11.5% 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 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPUT charges 0.79% per year while VYM charges 0.04%. On a $10,000 position that is $79 vs $4 annually, a gap of $75 per year that compounds over a long holding period. On income, SPUT currently yields 4.74% against 2.37% for VYM.
Holdings Overlap
At least 88.2% of VYM's money is in holdings SPUT also owns.
Stated as a floor: for SPUT, our book for it covers 49.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of VYM is already inside SPUT. Owning both mostly buys the same companies twice.
222 positions in common, counted across the 492 positions we hold weights for in SPUT and 602 in VYM, against full books of 1,509 and 608.
Top Shared Holdings
| Stock | Weight in SPUT | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 1.28% | 6.94% | 5.66% |
| JPMJpmorgan Chase | 0.72% | 3.83% | 3.11% |
| XOMExxonmobil Corp. | 0.52% | 2.70% | 2.18% |
| JNJJohnson & Johnson - Common | 0.48% | 2.58% | 2.10% |
| ABBVAbbvie Inc. | 0.34% | 1.83% | 1.49% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.33% | 1.76% | 1.43% |
| BACBank of America Corp.: Financials | 0.29% | 1.65% | 1.36% |
| CVXChevron Corp | 0.30% | 1.54% | 1.24% |
| CATCaterpillar, Inc. | 0.28% | 1.46% | 1.18% |
| MRKMerck & Company Inc | 0.27% | 1.47% | 1.20% |
88.2% of VYM is already inside SPUT.
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, SPUT or VYM?
SPUT has an expense ratio of 0.79% while VYM charges 0.04%. VYM is the cheaper option, by $75 a year on a $10,000 investment.
Which performed better, SPUT or VYM?
Over the past year SPUT returned +12.36% vs +16.31% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), SPUT annualized +14.27% vs +18.10% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPUT or VYM?
VYM has been the more volatile fund at 10.4% annualized versus 6.7% for SPUT. Worst drawdown: SPUT -10.6% vs VYM -11.5%.
Should I hold both SPUT and VYM?
SPUT and VYM have a monthly-return correlation of 0.64, 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 SPUT and VYM?
At least 88.2% of VYM's money is in holdings SPUT also owns. Our book for SPUT is partial, so the real figure is this or higher. They hold 222 positions in common, counted across the 492 positions we hold weights for in SPUT and 602 in VYM.
Which pays a higher dividend, SPUT or VYM?
SPUT yields 4.74% while VYM yields 2.37%, so SPUT currently pays the higher dividend yield.
Is VYM better than SPUT?
VYM has a lower expense ratio. VYM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.