CVIE vs VTI
Calvert International Responsible Index ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. CVIE delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | CVIE | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $477M | $666.9B | |
| Dividend Yield | 2.42% | 1.07% | |
| Holdings | 755 | 3,543 | |
| YTD Return | +19.72% | +13.14% | |
| 1Y Return | +33.06% | +22.35% | |
| 3Y Return (annualized) | +23.30% | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 13.8% | 15.3% | |
| Max Drawdown | -13.5% | -56.6% | |
| Fund Family | Calvert | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | May 24, 2001 |
CVIE vs VTI Performance
Calvert International Responsible Index ETF (CVIE) is a ETF from Calvert and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year CVIE returned +33.06% while VTI returned +22.35%. Year to date, CVIE is up 19.72% versus a gain of 13.14% for VTI.
Over three years, CVIE compounded at +23.30% per year against +21.83% for VTI. Across the full 4-year window we track, CVIE has the edge at +18.88% annualized vs +8.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.8% for CVIE. 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 -13.5% for CVIE and -56.6% for VTI. 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVIE charges 0.18% per year while VTI charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, CVIE currently yields 2.42% against 1.07% for VTI.
Holdings Overlap
CVIE and VTI share 5 holdings out of 3499 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, CVIE or VTI?
CVIE has an expense ratio of 0.18% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, CVIE or VTI?
Over the past year CVIE returned +33.06% vs +22.35% for VTI, so CVIE leads on 1-year performance. Over the longest common window we track (4 years), CVIE annualized +18.88% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, CVIE or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 13.8% for CVIE. Worst drawdown: CVIE -13.5% vs VTI -56.6%.
Should I hold both CVIE and VTI?
CVIE and VTI have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVIE and VTI?
CVIE and VTI share 5 common holdings with a 0.1% weight overlap. Combined, they hold 3499 unique securities.
Which pays a higher dividend, CVIE or VTI?
CVIE yields 2.42% while VTI yields 1.07%, so CVIE currently pays the higher dividend yield.
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