SmarterDividends

HDV vs VYM: Which Is the Better Dividend Stock?

As of September 2026, VYM (Vanguard High Dividend Yield Index Fund ETF Shares) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. HDV offers the higher yield at 3.00%, VYM has the higher dividend-safety score, and HDV trades at the larger discount to fair value (-59%).

MetricHDVVYM
Forward yield3.00%2.34%
Annual dividend$0.85$3.68
Payout ratio——
Years of growth0 yr15 yr
5-yr dividend growth1.9%3.8%
5-yr total return46%47%
Dividend safety score62 (C)63 (C)
Fair value estimate$11.92$55.35
Upside to fair value-59%-65%
Frequencymonthlyquarterly
Market cap——
P/E ratio21.319.7

Higher yield

HDV

3.00%

Safer dividend

VYM

Grade C

Faster growth

VYM

3.8%

Better value

HDV

-59% upside

HDV vs VYM — FAQ

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