TBLD vs VYM
Thornburg Income Builder Opportunities Trust vs Vanguard High Dividend Yield ETF
Which is better, TBLD or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. TBLD led over 3Y, VYM over 1Y, 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 | TBLD | VYM |
|---|---|---|
| Expense Ratio | 1.65% | 0.04%Best |
| AUM | $727M | $78.9B |
| Dividend Yield | 5.51% | 2.37% |
| Holdings | 216 | 608 |
| YTD Return | +4.05% | +11.83%Best |
| 1Y Return | +4.96% | +15.96%Best |
| 3Y Return (annualized) | +19.71%Best | +18.60% |
| 5Y Return (annualized) | +7.63% | +11.51%Best |
| Volatility (annualized) | 15.5% | 13.7%Best |
| Max Drawdown | -33.6% | -15.8%Best |
| $10,000 over 5 years | $14,443 | $17,241Best |
| Fund Family | Thornburg Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Jul 27, 2021 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 28, 2021 to Oct 14, 2026 (5.2 years).
TBLD 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 5.2 years both funds cover.
TBLD vs VYM Performance
Thornburg Income Builder Opportunities Trust (TBLD) is an ETF from Thornburg Investment Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year TBLD returned +4.96% while VYM returned +15.96%. Year to date, TBLD is up 4.05% versus a gain of 11.83% for VYM.
Over three years, TBLD compounded at +19.71% per year against +18.60% for VYM; over five years the annualized figures are +7.63% and +11.51% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TBLD has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 13.7% 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 -33.6% for TBLD 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TBLD charges 1.65% per year while VYM charges 0.04%. On a $10,000 position that is $165 vs $4 annually, a gap of $161 per year that compounds over a long holding period. On income, TBLD currently yields 5.51% against 2.37% for VYM.
Holdings Overlap
At least 15.9% of VYM's money is in holdings TBLD also owns.
Stated as a floor: for TBLD, our book for it covers 84.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VYM and TBLD share little of their money.
13 positions in common, counted across the 117 positions we hold weights for in TBLD and 602 in VYM, against full books of 216 and 608.
Top Shared Holdings
| Stock | Weight in TBLD | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 0.83% | 6.94% | 6.11% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.67% | 1.76% | 0.91% |
| TAT&T Inc. | 3.38% | 0.71% | 2.67% |
| MRKMerck & Company Inc | 1.69% | 1.47% | 0.22% |
| ABBVAbbvie Inc. | 0.83% | 1.83% | 1.00% |
| CMEC M E Group Inc. | 1.73% | 0.42% | 1.31% |
| PFEPfizer Inc | 1.43% | 0.65% | 0.78% |
| CCitigroup Inc. | 0.88% | 0.90% | 0.02% |
| RFRegions Financia | 1.24% | 0.10% | 1.14% |
| KMBKimberly-Clark Corp. | 0.97% | 0.14% | 0.83% |
You are not choosing between two funds in isolation.
Whichever of TBLD 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, TBLD or VYM?
TBLD has an expense ratio of 1.65% while VYM charges 0.04%. VYM is the cheaper option, by $161 a year on a $10,000 investment.
Which performed better, TBLD or VYM?
Over the past year TBLD returned +4.96% 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, TBLD or VYM?
TBLD has been the more volatile fund at 15.5% annualized versus 13.7% for VYM. Worst drawdown: TBLD -33.6% vs VYM -15.8%.
Should I hold both TBLD and VYM?
TBLD and VYM have a monthly-return correlation of 0.73, 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 TBLD and VYM?
At least 15.9% of VYM's money is in holdings TBLD also owns. Our book for TBLD is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 117 positions we hold weights for in TBLD and 602 in VYM.
Which pays a higher dividend, TBLD or VYM?
TBLD yields 5.51% while VYM yields 2.37%, so TBLD currently pays the higher dividend yield.
Is VYM better than TBLD?
VYM has a lower expense ratio. TBLD led over 3Y, VYM over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.