Data as of Oct 28, 2026.
VO vs VYM: Differences, Returns & Fees
Over the year to Oct 28, 2026, VO returned +12.8% to VYM's +18.0%; 22% of their weight is in the same names.
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Net assets on Sep 30, 2026: $103.4bn for Vanguard Morningstar Mid-Cap ETF and $78.9bn for Vanguard High Dividend Yield ETF.
Pair scorecard
VO costs 0.01 points a year less; their one-year returns differ by 5.2 points; VO is 1.3 times larger.
| Measure | VO | VYM |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.8% | +18.0% |
| Drawdown | ||
| Below its high | 3.1%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index) | FTSE High Dividend Yield Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.04% |
| Net assets, as of Sep 30, 2026 | $103.4bn | $78.9bn |
| Holdings | ||
| Holdings in common | 22% | |
| Top ten holdings, share of the fund | 9.7% | 26.2% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Nov 24, 2006 to Oct 23, 2026 · 1,039 weekly returnsVO and VYM returned about the same: +496.2% and +487.1%. VYM swung less: 16.7% to 20.3%. VYM fell slightly less at its worst: −56.7% to −58.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VO | VYM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +496.2% | +487.1% | Tie | Price change plus distributions, reinvested. |
| Annualized | +9.3% | +9.3% | Tie | Total return as a yearly rate. |
| Price return | +339.4% | +220.2% | VO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.3% | 16.7% | VYM | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.4% | 11.8% | VYM | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −58.4% | −56.7% | VYM (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.46 | 0.52 | VYM | Return above Treasury bills per unit of volatility. |
| Sortino | 0.65 | 0.73 | VYM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.16 | 0.16 | VYM (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,039 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VO and VYM hold 22% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
22% in common
Only in one fund ↓
Side by side
VO and VYM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VO and VYM do different jobs. What does each one do in a portfolio?
- What each follows. VO follows Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index) and VYM follows FTSE High Dividend Yield Index.
- Holdings in common. 22% of the weight is in the same securities (holdings dated Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VO returned +12.8% and VYM +18.0% with distributions reinvested, a gap of 5.2 points.
Data as of Oct 28, 2026.
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VO
VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.
VYM
VYM tracks an index of US high dividend. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer as of Sep 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 595 positions, with the top ten at 26.2%.
Questions people ask
- Which returned more over the last year, VO or VYM?
- In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and VYM +18.0%.
- Which is cheaper, VO or VYM?
- VO is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, VO against VYM, data as of Oct 28, 2026. https://etfiq.com/compare/any/vo-vs-vym
ETFIQ. (Oct 28, 2026). VO against VYM. Retrieved from https://etfiq.com/compare/any/vo-vs-vym
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