CVIE vs VXUS

Quick Verdict

VXUS has a lower expense ratio. CVIE delivered stronger 1-year returns. VXUS offers more diversification with 7861 holdings.

Lower Fees: VXUSHigher Returns: CVIEMore Diversified: VXUS

Side-by-Side Comparison

MetricCVIEVXUSWinner
Expense Ratio0.18%0.05%
AUM$460M$156.5B
Dividend Yield2.52%2.60%
Holdings7558,747
YTD Return+18.44%+14.07%
1Y Return+32.91%+27.24%
3Y Return (annualized)+21.65%+19.27%
5Y Return (annualized)-+9.14%
Volatility (annualized)13.7%15.1%
Max Drawdown-13.5%-39.9%
Fund FamilyCalvertVanguard (US)
CategoryEquityEquity
InceptionJan 30, 2023Jan 26, 2011

CVIE vs VXUS Performance

Calvert International Responsible Index ETF (CVIE) is a ETF from Calvert and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year CVIE returned +32.91% while VXUS returned +27.24%. Year to date, CVIE is up 18.44% versus a gain of 14.07% for VXUS.

Over three years, CVIE compounded at +21.65% per year against +19.27% for VXUS. Across the full 4-year window we track, CVIE has the edge at +18.70% annualized vs +4.83%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

VXUS has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.7% 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 -39.9% for VXUS. 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

CVIE charges 0.18% per year while VXUS charges 0.05%. On a $10,000 position that is $18 vs $5 annually, a gap of $13 per year that compounds over a long holding period. On income, CVIE currently yields 2.52% against 2.60% for VXUS.

Holdings Overlap

35.0%overlap

CVIE and VXUS share 507 holdings out of 8060 unique holdings combined, representing a 35.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in CVIEWeight in VXUSDifference
ASML:AS1.88%1.29%0.59%
000660:KR1.93%0.90%1.03%
HSBA:LN1.12%0.72%0.40%
AZN:LNProProPro
NOVN:SMProProPro
NESN:SMProProPro
RY:CAProProPro
CBA:AUProProPro
TD:CAProProPro
ALVG:SGProProPro
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Frequently Asked Questions

Which is cheaper, CVIE or VXUS?

CVIE has an expense ratio of 0.18% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $13 per year of difference.

Which performed better, CVIE or VXUS?

Over the past year CVIE returned +32.91% vs +27.24% for VXUS, so CVIE leads on 1-year performance. Over the longest common window we track (4 years), CVIE annualized +18.70% vs +4.83% for VXUS. Past performance does not guarantee future results.

Which is riskier, CVIE or VXUS?

VXUS has been the more volatile fund at 15.1% annualized versus 13.7% for CVIE. Worst drawdown: CVIE -13.5% vs VXUS -39.9%.

Should I hold both CVIE and VXUS?

CVIE and VXUS have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.

What is the holdings overlap between CVIE and VXUS?

CVIE and VXUS share 507 common holdings with a 35.0% weight overlap. Combined, they hold 8060 unique securities.

Which pays a higher dividend, CVIE or VXUS?

CVIE yields 2.52% while VXUS yields 2.60%, so VXUS currently pays the higher dividend yield.

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