CVIE vs VTI
Calvert International Responsible Index ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, CVIE or VTI?
Each has led over a different period.
VTI has a lower expense ratio. CVIE led over 1Y and 3Y, VTI over the full window. CVIE is less concentrated, with 18.9% of the fund in its ten largest positions against 33.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVIE | VTI |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $493M | $666.9B |
| Dividend Yield | 2.42% | 1.03% |
| Holdings | 720 | 3,543 |
| YTD Return | +18.28%Best | +13.60% |
| 1Y Return | +29.09%Best | +18.17% |
| 3Y Return (annualized) | +23.62%Best | +23.04% |
| 5Y Return (annualized) | - | +12.14% |
| Volatility (annualized) | 13.7% | 12.7%Best |
| Max Drawdown | -13.5%Best | -19.3% |
| $10,000 over 3.6 years | $18,118 | $19,082Best |
| Top 10 Weight | 18.9%Best | 33.3% |
| Fund Family | Calvert | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | May 24, 2001 |
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Feb 1, 2023 to Sep 25, 2026 (3.6 years).
CVIE vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.6 years both funds cover.
CVIE vs VTI Performance
Calvert International Responsible Index ETF (CVIE) is an ETF from Calvert and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year CVIE returned +29.09% while VTI returned +18.17%. Year to date, CVIE is up 18.28% versus a gain of 13.60% for VTI.
Over three years, CVIE compounded at +23.62% per year against +23.04% for VTI. Across the full 4-year window we track, VTI has the edge at +19.66% annualized vs +17.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVIE has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 12.7% for VTI. 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 -19.3% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.03% for VTI.
Holdings Overlap
0.5% of CVIE's money is in holdings VTI also owns. 0.2% of VTI's money is in holdings CVIE also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
5 positions in common, counted across the 717 positions we hold weights for in CVIE and 3,463 in VTI, against full books of 720 and 3,543.
What only one of them owns
Our book lists 1,149 positions for VTI that do not appear in our book for CVIE (97.4% of the fund), and 13 for CVIE that do not appear in VTI (1.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of CVIE and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $15 a year on a $10,000 investment.
Which performed better, CVIE or VTI?
Over the past year CVIE returned +29.09% vs +18.17% for VTI, so CVIE leads on 1-year performance. Over the longest common window we track (4 years), CVIE annualized +17.95% vs +19.66% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVIE or VTI?
CVIE has been the more volatile fund at 13.7% annualized versus 12.7% for VTI. Worst drawdown: CVIE -13.5% vs VTI -19.3%.
Should I hold both CVIE and VTI?
CVIE and VTI have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CVIE or VTI?
CVIE yields 2.42% while VTI yields 1.03%, so CVIE currently pays the higher dividend yield.
Is VTI better than CVIE?
VTI has a lower expense ratio. CVIE led over 1Y and 3Y, VTI over the full window. CVIE is less concentrated, with 18.9% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.