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.
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 | 1.21% | 0.03%Best |
| AUM | $125M | $666.9B |
| Dividend Yield | 4.10% | 1.07% |
| Holdings | 151 | 3,543 |
| YTD Return | +16.55%Best | +13.59% |
| 1Y Return | +17.96% | +20.00%Best |
| 3Y Return (annualized) | +15.16% | +20.95%Best |
| 5Y Return (annualized) | +9.26% | +11.81%Best |
| Volatility (annualized) | 18.5% | 15.8%Best |
| Max Drawdown | -70.5% | -56.6%Best |
| $10,000 over 5 years | $15,571 | $17,474Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Sep 21, 2006 | May 24, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 21, 2006 to Sep 4, 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 +17.96% while VTI returned +20.00%. Year to date, CVY is up 16.55% versus a gain of 13.59% for VTI.
Over three years, CVY compounded at +15.16% per year against +20.95% for VTI; over five years the annualized figures are +9.26% and +11.81% respectively. Across the full 20-year window we track, VTI has the edge at +9.65% annualized vs +2.17%.
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 1.21% 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
At least 52.2% of CVY's money is in holdings VTI also owns.
Stated as a floor: for VTI, our book for it covers 92.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
74 positions in common, counted across the 150 positions we hold weights for in CVY and 2,787 in VTI, against full books of 151 and 3,543.
Top Shared Holdings
| Stock | Weight in CVY | Weight in VTI | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 0.76% | 1.11% | 0.35% |
| BACBank of America Corp.: Financials | 1.12% | 0.50% | 0.62% |
| WFCWells Fargo & Co. | 1.04% | 0.35% | 0.69% |
| BABoeing Co | 1.08% | 0.23% | 0.85% |
| COFCapital One Financial Corp. | 1.13% | 0.17% | 0.96% |
| CXTCrane Nxt Co | 1.27% | 0.00% | 1.27% |
| ALLAllstate Corp. | 1.17% | 0.08% | 1.09% |
| PRGProg Holdings Inc | 1.24% | 0.00% | 1.24% |
| SLMSlm Corp | 1.19% | 0.00% | 1.19% |
| ARESAres Management Corp Preferred Stock 10/27 6.75 | 1.12% | 0.03% | 1.09% |
52.2% 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.
Free for up to 10 holdings. No account needed.
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, by $118 a year on a $10,000 investment.
Which performed better, CVY or VTI?
Over the past year CVY returned +17.96% vs +20.00% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (20 years), CVY annualized +2.17% vs +9.65% 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?
At least 52.2% of CVY's money is in holdings VTI also owns. Our book for VTI is partial, so the real figure is this or higher. They hold 74 positions in common, counted across the 150 positions we hold weights for in CVY and 2,787 in VTI.
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.
Is VTI better than CVY?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.