BIV vs VTV
Vanguard Intermediate-Term Bond ETF vs Vanguard Value ETF
Quick Verdict
VTV delivered stronger 1-year returns. BIV offers more diversification with 2101 holdings.
Side-by-Side Comparison
| Metric | BIV | VTV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $29.3B | $186.1B | |
| Dividend Yield | 4.18% | 2.29% | |
| Holdings | 2,321 | 311 | |
| YTD Return | -0.92% | +18.60% | |
| 1Y Return | +1.54% | +28.75% | |
| 3Y Return (annualized) | +4.56% | +18.63% | |
| 5Y Return (annualized) | -0.20% | +12.39% | |
| Volatility (annualized) | 5.7% | 14.5% | |
| Max Drawdown | -20.3% | -61.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 3, 2007 | Jan 26, 2004 |
BIV vs VTV Performance
Vanguard Intermediate-Term Bond ETF (BIV) is a ETF from Vanguard (US) and Vanguard Value ETF (VTV) is a ETF from Vanguard (US). Over the past year BIV returned +1.54% while VTV returned +28.75%. Year to date, BIV is down 0.92% versus a gain of 18.60% for VTV.
Over three years, BIV compounded at +4.56% per year against +18.63% for VTV; over five years the annualized figures are -0.20% and +12.39% respectively. Across the full 19-year window we track, VTV has the edge at +7.62% annualized vs +0.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTV has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 5.7% for BIV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.3% for BIV and -61.3% for VTV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BIV charges 0.03% per year while VTV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, BIV currently yields 4.18% against 2.29% for VTV.
Holdings Overlap
BIV and VTV share 4 holdings out of 2405 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BIV or VTV?
BIV has an expense ratio of 0.03% while VTV charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, BIV or VTV?
Over the past year BIV returned +1.54% vs +28.75% for VTV, so VTV leads on 1-year performance. Over the longest common window we track (19 years), BIV annualized +0.98% vs +7.62% for VTV. Past performance does not guarantee future results.
Which is riskier, BIV or VTV?
VTV has been the more volatile fund at 14.5% annualized versus 5.7% for BIV. Worst drawdown: BIV -20.3% vs VTV -61.3%.
Should I hold both BIV and VTV?
BIV and VTV have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BIV and VTV?
BIV and VTV share 4 common holdings with a 0.1% weight overlap. Combined, they hold 2405 unique securities.
Which pays a higher dividend, BIV or VTV?
BIV yields 4.18% while VTV yields 2.29%, so BIV currently pays the higher dividend yield.
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