VTV vs VYM
Vanguard Value Index Fund ETF Shares vs Vanguard High Dividend Yield Index Fund ETF Shares
Last updated: 2026-04-02
Vanguard Value Index Fund ETF Shares (VTV) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 2.02%. Launched in 2004, the fund has a 22-year track record.
Vanguard High Dividend Yield Index Fund ETF Shares (VYM) is an exchange-traded fund issued by Vanguard that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 2.37%. Launched in 2006, the fund has a 20-year track record.
Quick Verdict
Both funds have nearly identical expense ratios (0.03% vs 0.04%), so fees are not a differentiator here. Both funds have delivered similar 1-year returns (14.1% vs 15.0%), tracking closely.
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
8 of top 10 holdings overlap (80% overlap in top holdings)
VTV Top Holdings
| Name | Weight |
|---|---|
| Berkshire Hathaway Inc.BRK.B | 3.07% |
| JPMorgan Chase & Co.JPM | 2.98% |
| Exxon Mobil CorporationXOM | 2.50% |
| Johnson & JohnsonJNJ | 2.33% |
| Walmart Inc.WMT | 2.18% |
| Micron Technology, Inc.MU | 1.81% |
| AbbVie Inc.ABBV | 1.60% |
| The Procter & Gamble CompanyPG | 1.52% |
| The Home Depot, Inc.HD | 1.47% |
| Chevron CorporationCVX | 1.39% |
VYM Top Holdings
| Name | Weight |
|---|---|
| Broadcom Inc.AVGO | 6.48% |
| JPMorgan Chase & Co.JPM | 3.36% |
| Exxon Mobil CorporationXOM | 2.83% |
| Johnson & JohnsonJNJ | 2.63% |
| Walmart Inc.WMT | 2.44% |
| AbbVie Inc.ABBV | 1.81% |
| The Procter & Gamble CompanyPG | 1.72% |
| The Home Depot, Inc.HD | 1.66% |
| Chevron CorporationCVX | 1.54% |
| Caterpillar Inc.CAT | 1.51% |
Which One Should You Choose?
Choose VYM if...
you prioritize dividend income and want higher regular distributions from your portfolio.