CVY vs VTI
Invesco Zacks Multi-Asset Income ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, CVY or VTI?
Allocation/Balanced against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. CVY is less concentrated, with 10.9% 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 | CVY | VTI |
|---|---|---|
| Expense Ratio | 1.15% | 0.03%Best |
| AUM | $117M | $690.1B |
| Dividend Yield | 4.08% | 1.03% |
| Holdings | 305 | 3,524 |
| YTD Return | +8.88% | +12.51%Best |
| 1Y Return | +10.43% | +15.23%Best |
| 3Y Return (annualized) | +14.08% | +22.50%Best |
| 5Y Return (annualized) | +7.75% | +12.31%Best |
| Volatility (annualized) | 18.5% | 15.8%Best |
| Max Drawdown | -70.5% | -56.6%Best |
| $10,000 over 5 years | $14,524 | $17,869Best |
| Top 10 Weight | 10.9%Best | 33.3% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Sep 21, 2006 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Sep 21, 2006 to Oct 1, 2026 (20 years).
CVY 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 20 years both funds cover.
CVY vs VTI Performance
Invesco Zacks Multi-Asset Income ETF (CVY) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year CVY returned +10.43% while VTI returned +15.23%. Year to date, CVY is up 8.88% versus a gain of 12.51% for VTI.
Over three years, CVY compounded at +14.08% per year against +22.50% for VTI; over five years the annualized figures are +7.75% and +12.31% respectively. Across the full 20-year window we track, VTI has the edge at +9.56% annualized vs +1.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVY has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 15.8% 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 -70.5% for CVY and -56.6% 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVY charges 1.15% per year while VTI charges 0.03%. On a $10,000 position that is $115 vs $3 annually, a gap of $112 per year that compounds over a long holding period. On income, CVY currently yields 4.08% against 1.03% for VTI.
Holdings Overlap
58.6% of CVY's money is in holdings VTI also owns. 4.3% of VTI's money is in holdings CVY also owns.
The two portfolios partly overlap.
The two holdings books were reported 46 days apart, CVY as of Sep 15, 2026 and VTI as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
86 positions in common, counted across the 143 positions we hold weights for in CVY and 3,463 in VTI, against full books of 305 and 3,524.
What only one of them owns
Our book lists 1,085 positions for VTI that do not appear in our book for CVY (93.2% of the fund), and 42 for CVY that do not appear in VTI (26.7%).
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 CVY | Weight in VTI | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 0.88% | 1.31% | 0.43% |
| BACBank of America Corp.: Financials | 1.11% | 0.55% | 0.56% |
| WFCWells Fargo & Co. | 1.08% | 0.37% | 0.71% |
| BABoeing Co | 1.10% | 0.24% | 0.86% |
| SMSm Energy Co | 1.09% | 0.01% | 1.08% |
| CFCf Industries Holdings Inc. | 1.06% | 0.03% | 1.03% |
| ARESAres Management Corp 6.75% Ser | 1.04% | 0.04% | 1.00% |
| ALLAllstate Corp. | 0.98% | 0.09% | 0.89% |
| JXNJackson Financial Inc USD | 1.04% | 0.01% | 1.03% |
| FMCFMC Corp | 1.03% | 0.00% | 1.03% |
58.6% of CVY 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.
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Frequently Asked Questions
Which is cheaper, CVY or VTI?
CVY has an expense ratio of 1.15% while VTI charges 0.03%. VTI is the cheaper option, by $112 a year on a $10,000 investment.
Which performed better, CVY or VTI?
Over the past year CVY returned +10.43% vs +15.23% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (20 years), CVY annualized +1.81% vs +9.56% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVY or VTI?
CVY has been the more volatile fund at 18.5% annualized versus 15.8% for VTI. Worst drawdown: CVY -70.5% vs VTI -56.6%.
Should I hold both CVY and VTI?
CVY and VTI have a monthly-return correlation of 0.87, 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 CVY and VTI?
58.6% of CVY's money is in holdings VTI also owns. 4.3% of VTI's is in holdings CVY also owns. They hold 86 positions in common, counted across the 143 positions we hold weights for in CVY and 3,463 in VTI.
Which pays a higher dividend, CVY or VTI?
CVY yields 4.08% while VTI yields 1.03%, so CVY currently pays the higher dividend yield.
Is VTI better than CVY?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. CVY is less concentrated, with 10.9% 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.