CVY vs VTI
Invesco Zacks Multi-Asset Income ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | CVY | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 1.21% | 0.03% | |
| AUM | $125M | $666.9B | |
| Dividend Yield | 4.10% | 1.07% | |
| Holdings | 151 | 3,543 | |
| YTD Return | +15.57% | +14.82% | |
| 1Y Return | +19.83% | +22.43% | |
| 3Y Return (annualized) | +15.25% | +21.93% | |
| 5Y Return (annualized) | +9.09% | +12.34% | |
| Volatility (annualized) | 18.5% | 15.4% | |
| Max Drawdown | -70.5% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 21, 2006 | May 24, 2001 |
CVY vs VTI Performance
Invesco Zacks Multi-Asset Income ETF (CVY) is a ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year CVY returned +19.83% while VTI returned +22.43%. Year to date, CVY is up 15.57% versus a gain of 14.82% for VTI.
Over three years, CVY compounded at +15.25% per year against +21.93% for VTI; over five years the annualized figures are +9.09% and +12.34% respectively. Across the full 20-year window we track, VTI has the edge at +8.16% annualized vs +2.13%. 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 15.4% 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 worth weighing if you expect to sell during market stress rather than ride it out.
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 1.21% per year while VTI charges 0.03%. On a $10,000 position that is $121 vs $3 annually, a gap of $118 per year that compounds over a long holding period. On income, CVY currently yields 4.10% against 1.07% for VTI.
Holdings Overlap
CVY and VTI share 73 holdings out of 2863 unique holdings combined, representing a 2.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CVY or VTI?
CVY has an expense ratio of 1.21% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $118 per year of difference.
Which performed better, CVY or VTI?
Over the past year CVY returned +19.83% vs +22.43% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (20 years), CVY annualized +2.13% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, CVY or VTI?
CVY has been the more volatile fund at 18.5% annualized versus 15.4% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVY and VTI?
CVY and VTI share 73 common holdings with a 2.9% weight overlap. Combined, they hold 2863 unique securities.
Which pays a higher dividend, CVY or VTI?
CVY yields 4.10% while VTI yields 1.07%, so CVY currently pays the higher dividend yield.
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