VYM vs DVY: Differences, Fees and Returns
VYM is cheaper: it charges 0.06% a year against 0.38% for DVY. That is €32 less a year per 10,000 invested; over a plan of 10,000 up front plus 200 a month for 30 years, the accumulated cost gap comes to about €21,918.
They do not track the same thing: VYM follows the FTSE High Dividend Yield Index and DVY the Dow Jones U.S. Select Dividend Index. Any difference in returns will come mainly from that exposure, not from the fee.
Head-to-head comparison
| VYM | DVY | |
|---|---|---|
| Name | Vanguard High Dividend Yield ETF | iShares Select Dividend ETF |
| Provider | Vanguard | BlackRock |
| Index | FTSE High Dividend Yield Index | Dow Jones U.S. Select Dividend Index |
| TER | 0.06% | 0.38% |
| Type | ETF | ETF |
| Domicile | United States | United States |
| Dividends | Distributing | Distributing |
| Launch date | November 10, 2006 | November 3, 2003 |
| Fund size | $55B+ | $20B+ |
| ISIN | — | — |
| Available to EU retail investors | No | No |
| Tax-free switch (Spain) | No | No |
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Frequently Asked Questions
VYM is cheaper: it charges 0.06% a year against 0.38% for DVY. That is €32 less a year per 10,000 invested; over a plan of 10,000 up front plus 200 a month for 30 years, the accumulated cost gap comes to about €21,918. They do not track the same thing: VYM follows the FTSE High Dividend Yield Index and DVY the Dow Jones U.S. Select Dividend Index. Any difference in returns will come mainly from that exposure, not from the fee.
VYM (ETF) tracks the FTSE High Dividend Yield Index with a 0.06% TER; DVY (ETF) tracks the Dow Jones U.S. Select Dividend Index with a 0.38% TER.
Generally not as a retail client: they are US-domiciled ETFs without the key information document EU PRIIPs rules require. Look for their UCITS equivalents in our list of funds for Europe.