What do the expense ratios for VTV and VYM mean for long-term costs?

VTV charges 0.03% and VYM charges 0.04%, meaning a 0.01 percentage-point difference per year. Lower costs typically leave more of a fund's gross returns available to investors over extended periods. This difference may compound, resulting in modest cumulative cost savings for one option relative to the other. When choosing an ETF, investors often weigh fee differences alongside performance and goals.

What does it mean that index methodology details are not available?

The tracked index for each fund is listed as not available, so specific methodology details cannot be reviewed from the provided data. Transparency into how an index selects constituents affects understanding of holdings and risks. Investors may seek additional documentation to clarify how each ETF is constructed, especially if they are assessing methodology differences that could influence performance or diversification.

Why do sector weights being not available matter for diversification assessment?

Sector weights are not available in the dataset, so you cannot quantify concentration across industries for either ETF. This limits insight into potential sector-specific risks and how diversified each fund's exposure may be at a given point. Reviewing additional sources can help assess industry diversification, while comparing available top holdings offers partial perspective on the funds' holdings structure.

How do VTV and VYM differ in dividend yield?

VTV's dividend yield is 1.85%, while VYM's is 2.31%, a difference of 0.46 percentage points based on the provided figures. Yield measures the cash distribution relative to the fund's price, not total return. Income-focused investors may prefer higher yields for current cash flow, but yields can fluctuate with holdings and market conditions.

What are the implications of the shared top-10 holdings between VTV and VYM?

Both funds share seven names in their top-10: JPM, XOM, JNJ, ABBV, BAC, CSCO and CVX. This overlap suggests some common exposure, while differences elsewhere reflect distinct construction. Holding-level overlap affects how similar or diversified portfolios might be if combined, and investors can compare weights and unique holdings to understand how each ETF's profile differs beyond shared names.

Which ETF aligns more closely with an income-focused strategy?

VYM's 2.31% yield indicates a stronger emphasis on income generation compared with VTV's 1.85% yield. However, neither fund's strategy description is available here, so this assessment is based solely on reported yields. Investors seeking regular cash distributions often examine yield stability, holdings and expense impact over time, considering both short-term income and long-term growth objectives.

How do net assets affect liquidity for these ETFs?

VTV has $191.1 billion net assets versus VYM's $80.9 billion. Larger assets often correspond with higher daily trading volumes and tighter spreads, although liquidity also depends on bid-ask spreads and order-book depth. For most retail investors, both funds are considered highly liquid, but transaction costs and execution quality should be checked at the time of trading.

What role do inception dates play when evaluating track records?

VTV launched Jan 26, 2004, and VYM Nov 10, 2006. Longer histories can provide more data for performance comparisons across market cycles, but past performance does not guarantee future results. Inception dates also indicate how long each fund has operated and may help contextualise performance trends, dividend patterns and risk disclosures over time.

How can a beginner use this comparison effectively?

Start by reviewing fees (0.03% vs 0.04%), yields (1.85% vs 2.31%), net assets ($191.1bn vs $80.9bn) and shared top holdings (JPM, XOM, JNJ, ABBV, BAC, CSCO, CVX). Note that sector weights and index methodology are not available. Use these figures to frame questions before consulting full fund documentation, ensuring a factual basis for comparing exposure, costs and income potential.

What should I know before relying on the top holdings lists?

The top holdings lists provide a snapshot, not a complete portfolio view. Shares and weights can change with index updates and fund activity, and sector concentrations remain unclear since sector weights are not available. Treat these lists as starting points for further research, checking regular fund reports for current holdings and construction details.

Does the 0.01 percentage-point fee difference matter in practice?

A 0.01 percentage-point difference per year can compound over long horizons, leading to modest cost variances depending on the amount invested and time frame. While not decisive alone, this difference is one factor to consider alongside yield, liquidity and holdings overlap. Evaluators should weigh costs together with other fund characteristics aligned to their objectives.

How might the lack of sector weight data affect risk assessment?

Without sector weights, you cannot quantify industry concentration for either ETF, which can obscure exposure to sector-specific risks or diversification quality. Investors may rely on other disclosures or alternative sources to estimate sector mix. Understanding this limitation is important when evaluating overall risk profiles and comparing these funds.

VTV vs VYM

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

This page compares Vanguard Value ETF (VTV) with Vanguard High Dividend Yield ETF (VYM), examining fees, holdings, dividends and how each fund tracks its market. VTV has an expense ratio of 0.03%, while VYM is 0.04%. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

VTV

Metric

VYM

0.03%

Expense Ratio

0.04%

1.85%

Dividend Yield

2.31%

$191.07B

Net Assets

$80.88B

319

Holdings

613

Jan 26, 2004

Inception Date

Nov 10, 2006

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Index Tracked

–

Large Value

Fund Category

Large Value

VTV costs about $1.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	VTV	VYM
JPMJPMorgan Chase & Co.	3.47%	3.83%
XOMExxonMobil Holdings Corporation	2.43%	2.69%
JNJJohnson & Johnson	2.33%	2.58%
ABBVAbbVie Inc.	1.65%	1.83%
BACBank of America Corporation	1.44%	1.65%
CSCOCisco Systems, Inc.	1.43%	1.76%
CVXChevron Corporation	1.42%	1.54%

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Investment Analysis

VTV

Pros

VTV offers a competitive 0.03% expense ratio, minimising long-term costs for investors.
Massive $191.1 billion net assets ensure superior liquidity and reliable daily trading volumes.
A 2004 inception date provides extensive historical data and a long operational track record.

Considerations

The modest 1.85% dividend yield may disappoint investors specifically seeking income generation.
Unavailability of tracked index methodology details could hinder precise transparency for some analysts.
Sector weightings are not available, limiting detailed insight into specific industry diversification within the fund.

VYM

Pros

VYM delivers a 2.31% dividend yield, supporting income-focused investment objectives effectively.
Substantial $80.9 billion net assets promote strong liquidity and efficient market execution.
A 2006 inception date offers a credible, lengthy operational history since its launch.

Considerations

The 0.04% expense ratio is slightly higher than the 0.03% cost of VTV.
Unavailability of tracked index methodology details might reduce transparency for some prospective investors.
Sector weights are not available, potentially complicating an accurate assessment of sector concentration risks.

About VTV and VYM

VTV (VTV)

The Vanguard Value ETF (VTV) is a large-cap value fund designed to track the performance of US large-capitalisation companies considered to have value characteristics. Launched in January 2004, it currently holds a diverse portfolio of 319 stocks. With a very low expense ratio of just 0.03%, it offers investors a cost-effective way to access established US companies that may be trading at lower prices relative to their fundamental metrics. The fund has accumulated net assets of approximately USD 191.07 billion, indicating significant liquidity and investor confidence. It currently provides a dividend yield of 1.85%. While value strategies can offer potential advantages during market rotations, like all investments, the value of shares can fall as well as rise, and returns are not guaranteed. This fund is generally suitable for investors seeking diversified exposure to the US large-cap value segment as part of a broader portfolio strategy.

VYM (VYM)

The Vanguard High Dividend Yield ETF is designed to provide investors with exposure to a broad range of high-dividend-paying stocks listed in the US. With a low expense ratio of 0.04% and over 600 holdings, the fund aims to deliver income while maintaining diversification. Its dividend yield sits at 2.31%, reflecting its focus on companies with strong payout traditions. This ETF suits those seeking a steady income stream as part of a long-term strategy, though values can rise and fall. Returns are not guaranteed. Always consider your personal circumstances before investing.

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VTV vs VYM

Fund Snapshot