VIG vs VYM: Fees, Returns & Holdings Compared

	Expense ratio	Net assets	Yield (TTM)	Overlap	1 yr	5 yr*
VIG	0.04%	$130.90B	1.47%	61%	+15.6%	+10.6%
VYM	0.04%	$99.19B	2.25%		+19.1%	+11.8%

At a glance

61% of VIG’s and VYM’s holdings overlap by weight, with 209 securities in common out of 333 and 604. Both charge 0.04% a year, $40 on every $100,000. VIG has $130.90B in assets (all share classes) and VYM $99.19B (all share classes); over the past 12 months VIG paid out 1.47% of its price and VYM 2.25%, both quarterly. Over the past year VIG returned +15.6% and VYM +19.1% with distributions reinvested; over five years, +10.6% and +11.8% a year. In the 2022 bear market VIG fell 20.4% at its worst and VYM 15.9%; VIG was back at its earlier high 14 months after the low, VYM 2 months.

Key differences

	VIG	VYM
Fund	Vanguard Dividend Appreciation ETF	Vanguard High Dividend Yield Index ETF
Issuer	Vanguard	Vanguard
Structure	ETF share class	ETF share class
Type	Dividend growth	High dividend
Launched	Apr 21, 2006	Nov 10, 2006
Expense ratio	0.04%	0.04%
Cost a year on $100,000	$40	$40
Net assets	$130.90B *	$99.19B *
Holdings	333	604
Ten largest positions	33.4%	26.1%
Yield (12 months)	1.47%	2.25%
Pays	quarterly	quarterly
Portfolio turnover	8% a year	11% a year
Price data from	Jun 2, 2020	Jun 2, 2020

* VIG’s net assets are those of Vanguard Dividend Appreciation Index Fund, all share classes; VYM’s net assets are those of Vanguard High Dividend Yield Index Fund, all share classes.

Holdings and overlap

Overlap by weight61%the share of each fund in holdings both own

Securities in common209VIG 333 · VYM 604 in all

Ten largest positions33.4% / 26.1%of assets, VIG / VYM

Overlap adds up, for every security both funds own, the smaller of its two weights: 100% would mean identical portfolios.

Largest holdings

Holding	VIG	VYM
Broadcom Inc	4.63%	7.35%
Apple Inc	4.45%	—
Microsoft Corp	4.34%	—
JPMorgan Chase & Co	4.07%	3.82%
Eli Lilly & Co	3.93%	—
ExxonMobil Holdings Corp	2.78%	2.63%
Johnson & Johnson	2.67%	2.51%
Visa Inc	2.45%	—
Walmart Inc	2.11%	—
Mastercard Inc	2.00%	—
Cisco Systems Inc	1.98%	1.86%
AbbVie Inc	1.92%	1.80%

The biggest differences in weight: Apple Inc (4.5% in VIG, 0.0% in VYM); Microsoft Corp (4.3% in VIG, 0.0% in VYM); Eli Lilly & Co (3.9% in VIG, 0.0% in VYM).

By sector

Sector	VIG	VYM	Difference
Technology	24.4%	14.5%	VIG +9.9
Financials	18.9%	17.4%	VIG +1.5
Health care	16.0%	12.1%	VIG +3.9
Consumer staples	9.3%	7.2%	VIG +2.1
Industrials	7.6%	9.1%	VYM +1.5
Energy	0.5%	5.4%	VYM +4.9
Consumer discretionary	4.5%	4.6%	VYM +0.1
Utilities	2.3%	4.2%	VYM +1.9
Communication services	0.0%	2.1%	VYM +2.1
Materials	1.1%	1.5%	VYM +0.4

Sectors of the companies each fund holds that have a stock page here (85.4% of VIG, 78.7% of VYM). Source: N-PORT holdings reports as of Jul 31, 2026 for both funds.

Returns

VIG VYM · $10,000 in each on Jun 30, 2020, distributions reinvested.

$10,000 put into VIG on Jun 30, 2020 was worth $23,679 on Oct 30, 2026, and in VYM $24,949 (+14.6% and +15.5% a year). That is as far back as the price data for both goes.

	1 yr	3 yr	5 yr	10 yr
VIG price data to Oct 30, 2026	+15.6%	+19.8%	+10.6%	—
VIG official prospectus, to Dec 31, 2025	+14.18%	—	+11.27%	+13.09%
VYM price data to Oct 30, 2026	+19.1%	+21.2%	+11.8%	—
VYM official prospectus, to Dec 31, 2025	+15.43%	—	+12.68%	+11.32%

Multi-year figures are annualized total returns with distributions reinvested. "Official" rows are the SEC-standard returns from each fund's prospectus, to the end of the last calendar year; they reach back further where the price data starts late. VIG: Price data starts 2020-06-02, after the fund's launch on 2006-04-21; figures "since start" cover the available history only. VYM: Price data starts 2020-06-02, after the fund's launch on 2006-11-10; figures "since start" cover the available history only.

Calendar years

Year	VIG	VYM	Difference
2026	+14.1% *	+16.1% *	VYM +2.0
2025	+14.2%	+15.4%	VYM +1.3
2024	+17.0%	+17.6%	VYM +0.6
2023	+14.5%	+6.6%	VIG +7.9
2022	-9.8%	-0.5%	VYM +9.3
2021	+23.8%	+26.2%	VYM +2.4
2020	+15.46% †	+1.14% †	VIG +14.3
2019	+29.71% †	+24.20% †	VIG +5.5
2018	-2.02% †	-5.87% †	VIG +3.9

Total returns from price data; † from the fund’s prospectus where the price data starts later; * year to Oct 30, 2026.

Downturns and recovery

	VIG	VYM
2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009	Not in the price data (starts Jun 2, 2020)	Not in the price data (starts Jun 2, 2020)
2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020	Not in the price data (starts Jun 2, 2020)	Not in the price data (starts Jun 2, 2020)
2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022	−20.4% at the worst; back at its high 14 months after the low	−15.9% at the worst; back at its high 2 months after the low
Worst fall in the price data	−20.4% (Jan 4, 2022 – Sep 30, 2022)	−15.9% (Apr 20, 2022 – Sep 30, 2022)

The deepest drop from a high to a low during each stretch when stocks fell, and how long the fund took to get back to its earlier high, with distributions reinvested. The price data starts Jun 2, 2020 for VIG and Jun 2, 2020 for VYM.

Income

VIG yield (12 months)1.47%paid quarterly

VYM yield (12 months)2.25%paid quarterly

Year	VIG	VYM
2025	$181	$274
2024	$199	$313
2023	$211	$322
2022	$173	$290
2021	$188	$339

Distributions paid during each calendar year on $10,000 of shares bought at the previous year-end close, adjusted for share splits. Before taxes.

Costs

Both funds charge 0.04% a year. The fee comes out of each fund's assets, so it is already in the returns above.

Cost of $10,000 (SEC example)	1 yr	3 yrs	5 yrs	10 yrs
VIG	$4	$13	$23	$51
VYM	$4	$13	$23	$51

From each fund's prospectus: the total costs on $10,000 invested, at a 5% yearly return, with the shares sold at the end of each period.

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