CVMC vs VTI
Calvert US Mid-Cap Core Responsible Index ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, CVMC or VTI?
Mid Cap Blend against Large Cap Blend.
VTI has a lower expense ratio. CVMC led over 1Y, VTI over 3Y and the full window. CVMC is less concentrated, with 5.8% 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 | CVMC | VTI |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $106M | $666.9B |
| Dividend Yield | 1.17% | 1.03% |
| Holdings | 595 | 3,543 |
| YTD Return | +15.05%Best | +11.06% |
| 1Y Return | +18.55%Best | +15.41% |
| 3Y Return (annualized) | +16.22% | +20.48%Best |
| 5Y Return (annualized) | - | +11.52% |
| Volatility (annualized) | 15.6% | 12.8%Best |
| Max Drawdown | -22.5% | -19.3%Best |
| $10,000 over 3.6 years | $14,917 | $18,739Best |
| Top 10 Weight | 5.8%Best | 33.3% |
| Fund Family | Calvert | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid 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 16, 2026 (3.6 years).
CVMC 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.
CVMC vs VTI Performance
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is an ETF from Calvert and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year CVMC returned +18.55% while VTI returned +15.41%. Year to date, CVMC is up 15.05% versus a gain of 11.06% for VTI.
Over three years, CVMC compounded at +16.22% per year against +20.48% for VTI. Across the full 4-year window we track, VTI has the edge at +19.06% annualized vs +11.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVMC has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 12.8% 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 -22.5% for CVMC 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVMC charges 0.15% per year while VTI charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, CVMC currently yields 1.17% against 1.03% for VTI.
Holdings Overlap
97.3% of CVMC's money is in holdings VTI also owns. 14.0% of VTI's money is in holdings CVMC also owns.
Most of CVMC is already inside VTI. Owning both mostly buys the same companies twice.
575 positions in common, counted across the 589 positions we hold weights for in CVMC and 3,463 in VTI, against full books of 595 and 3,543.
What only one of them owns
Our book lists 593 positions for VTI that do not appear in our book for CVMC (83.6% of the fund), and 7 for CVMC 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.
Top Shared Holdings
| Stock | Weight in CVMC | Weight in VTI | Difference |
|---|---|---|---|
| TGTTarget Corp Common Stock Usd.0833 | 0.63% | 0.09% | 0.54% |
| HPEHewlett Packard Enterprise Co | 0.60% | 0.09% | 0.51% |
| AJGArthur J Gallagher & Co. | 0.59% | 0.09% | 0.50% |
| PCARPaccar Inc. | 0.55% | 0.10% | 0.45% |
| NUENucor Corp. | 0.52% | 0.08% | 0.44% |
| DDominion Energy Inc. | 0.51% | 0.08% | 0.43% |
| MRNAModerna therapeutics | 0.55% | 0.03% | 0.52% |
| ORealty Income Corp. | 0.50% | 0.08% | 0.42% |
| GWWWw Grainger Inc. | 0.48% | 0.09% | 0.39% |
| SRESempra Common Stock | 0.48% | 0.08% | 0.40% |
97.3% of CVMC is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVMC or VTI?
CVMC has an expense ratio of 0.15% while VTI charges 0.03%. VTI is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, CVMC or VTI?
Over the past year CVMC returned +18.55% vs +15.41% for VTI, so CVMC leads on 1-year performance. Over the longest common window we track (4 years), CVMC annualized +11.75% vs +19.06% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVMC or VTI?
CVMC has been the more volatile fund at 15.6% annualized versus 12.8% for VTI. Worst drawdown: CVMC -22.5% vs VTI -19.3%.
Should I hold both CVMC and VTI?
CVMC and VTI have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CVMC and VTI?
97.3% of CVMC's money is in holdings VTI also owns. 14.0% of VTI's is in holdings CVMC also owns. They hold 575 positions in common, counted across the 589 positions we hold weights for in CVMC and 3,463 in VTI.
Which pays a higher dividend, CVMC or VTI?
CVMC yields 1.17% while VTI yields 1.03%, so CVMC currently pays the higher dividend yield.
Is VTI better than CVMC?
VTI has a lower expense ratio. CVMC led over 1Y, VTI over 3Y and the full window. CVMC is less concentrated, with 5.8% 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.