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VYM vs. ARKF

Vanguard High Dividend Yield ETF

VYM
$--
vs

ARK Fintech Innovation ETF

ARKF
$--

Correlation

0.59
VYMVanguard High Dividend Yield ETF
ARKFARK Fintech Innovation ETF

What is VYM?

Seeks to track the performance of the FTSE High Dividend Yield Index which measures the investment return of common stocks of companies characterized by high dividend yields. Provides a convenient way to track the performance of stocks with histories of above-average dividend yields. Follows a passively managed full-replication approach.

Snapshot
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VYM Vanguard High Dividend Yield ETF
ARKF ARK Fintech Innovation ETF
Inception date
Nov 10 2006
Feb 04 2019
Expense ratio
0.06%
0.75%
VYM has a lower expense ratio than ARKF by 0.69%. This can indicate that it’s cheaper to invest in VYM than ARKF.
Type
US Equities
Global Equities
VYM targets investing in US Equities, while ARKF targets investing in Global Equities.
Fund owner
Vanguard
ARK Funds
VYM is managed by Vanguard, while ARKF is managed by ARK Funds.
Volume (1m avg. daily)
$134,746,385
$9,483,865
Both VYM and ARKF are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$48,466,955,232
$808,992,455
VYM has more assets under management than ARKF by $47,657,962,777. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
FTSE High Dividend Yield Index
None
VYM is based off of the FTSE High Dividend Yield Index, while ARKF is based off of the undefined
Inverse/Leveraged
No
No
VYM and ARKF use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Active
VYM uses a Passive investing strategy, while ARKF uses a Active investing strategy.
Dividend
Yes
No
VYM may offer dividends, while ARKF does not. The frequency and yield of the dividend for VYM may vary.
Prospectus
Neither VYM nor ARKF require a K1.
VYM and ARKF’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toVYM

#CV

Controlling for Volatility

Category

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Risk Rating

Moderate

Automated Strategies
Related toARKF

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trading strategy

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

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We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.