VYM
VYM Research
Vanguard High Dividend Yield ETF
2.15%
Forward yield
$3.448 / yr per share
Yield percentile (5y)
P 4
2.4% (P10)2.7% (med)3.1% (P90)
Expense ratio
0.06%
Yield-weighted ETF · annual cost
Annual / share
$3.448
Quarterly · next ex-date 06-19 (13d)
vs 5y P90 reference
+29%
$160.40 vs $113.52 (5y P90 price)
Refreshed 2026-06-06Data coverage High — 21y history
01Fundamentals
Vanguard High Dividend Yield ETF (VYM), with its ultra-low 0.06% expense ratio, provides diversified exposure to ~450 US high-dividend stocks, exhibiting a strong 5-year distribution growth rate of 17.08%/yr. However, its 2.21% forward yield currently offers an unattractive income premium compared to the ~4.2% risk-free SGOV rate, compounded by a methodology lacking a dividend growth screen and excluding REITs.
Bull caseThe fund's exceptional 5-year distribution growth of 17.08%/yr combined with a highly efficient 0.06% expense ratio provides a strong foundation for long-term income growth.
Bear caseVYM's 2.21% forward yield is significantly below the ~4.2% risk-free SGOV rate, failing to adequately compensate for equity risk, and its methodology excludes higher-yielding asset classes like REITs.
02Holdings & methodology
| Expense ratio | 0.06% |
| Top 10 concentration | 25.5%10 holdings shown |
| Distribution frequency | quarterly21 consecutive years |
| 5y distribution growth (DGR) | 17.08% / yr |
| Equity position | 99.19%remainder in cash / bonds |
Top 10 holdings
| AVGOBroadcom Inc | 8.0% |
| JPMJPMorgan Chase & Co | 3.3% |
| XOMExxon Mobil Corp | 2.7% |
| JNJJohnson & Johnson | 2.3% |
| CATCaterpillar Inc | 1.7% |
| ABBVAbbVie Inc | 1.6% |
| CSCOCisco Systems Inc | 1.5% |
| CVXChevron Corp | 1.5% |
| BACBank of America Corp | 1.4% |
| PGProcter & Gamble Co | 1.4% |
Sector weights (top 6 non-zero)
| financial services | 20.5% |
| technology | 17.7% |
| healthcare | 12.2% |
| industrials | 12.1% |
| energy | 9.8% |
| consumer defensive | 8.1% |
Selection methodology
- Growth screen
- ✗no growth requirement
- Quality screen
- None — pure forward-yield rank
- Continuity requirement
- None — no consecutive-years requirement
- Excludes
- REIT
- Weighting
- Market-cap, no single-stock cap
- Rebalanced
- Annually
Tracks the FTSE High Dividend Yield Index. Selects US stocks ranked by forward dividend yield in descending order; cumulative market cap above the 50% threshold defines the inclusion set. No quality or growth screen — pure yield-weighted. Holdings count fluctuates around 450 stocks; market-cap weighted with no single-stock cap. Excludes REITs.Methodology source: Vanguard / FTSE Russell · refreshed 2026-05
03Price reference
$10,000at current price →$215/ yr in dividends
Math: 2.15% forward yield. Historical 5y DGR is 17.1%/yr — past growth does not guarantee future results.
Below are statistical price references from the last 5 years of trading, anchored to historical drawdown events. They describe where the price has been — not where it should be.
$94.95
$113.52
$160.40
5y P10
5y P90
Now
| Current price | $160.40 |
| 5y P90 reference (high-yield 10% tail) | $113.52 — 29.2% lower |
| 5y P10 reference (low-yield 10% tail) | $94.95 — 40.8% lower |
| 5y max observed yield (at P10 price) | 3.4% |
| Annual dividend (frozen forward) | $3.448 / share · 2.15% yield |
Historical anchor · 2008-10 Global Financial Crisis
Low $13.49 · drawdown 8 days · yield reached 9.7%
Lehman collapse triggered global credit freeze; S&P fell ~50% peak-to-trough.
Important — this is reference data, not investment advice.
Quality scores, percentiles, and price references are statistical summaries of historical data computed by our research methodology from public market data, refreshed daily. They do not constitute a buy / sell / hold recommendation, do not account for your personal financial situation, tax bracket, or goals, and past performance does not predict future results. Consult a registered investment advisor before making investment decisions. divcalc.io is not a registered investment advisor.
Quality scores, percentiles, and price references are statistical summaries of historical data computed by our research methodology from public market data, refreshed daily. They do not constitute a buy / sell / hold recommendation, do not account for your personal financial situation, tax bracket, or goals, and past performance does not predict future results. Consult a registered investment advisor before making investment decisions. divcalc.io is not a registered investment advisor.