CVY vs VXUS
Invesco Zacks Multi-Asset Income ETF vs Vanguard Total International Stock ETF
Quick Verdict
VXUS has a lower expense ratio. VXUS delivered stronger 1-year returns. VXUS offers more diversification with 8,747 holdings.
Side-by-Side Comparison
| Metric | CVY | VXUS | Winner |
|---|---|---|---|
| Expense Ratio | 1.21% | 0.05% | |
| AUM | $125M | $158.1B | |
| Dividend Yield | 4.10% | 2.59% | |
| Holdings | 151 | 8,747 | |
| YTD Return | +15.57% | +15.22% | |
| 1Y Return | +19.83% | +26.86% | |
| 3Y Return (annualized) | +15.25% | +20.34% | |
| 5Y Return (annualized) | +9.09% | +9.38% | |
| Volatility (annualized) | 18.5% | 15.1% | |
| Max Drawdown | -70.5% | -39.9% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 21, 2006 | Jan 26, 2011 |
CVY vs VXUS Performance
Invesco Zacks Multi-Asset Income ETF (CVY) is a ETF from Invesco (US) and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year CVY returned +19.83% while VXUS returned +26.86%. Year to date, CVY is up 15.57% versus a gain of 15.22% for VXUS.
Over three years, CVY compounded at +15.25% per year against +20.34% for VXUS; over five years the annualized figures are +9.09% and +9.38% respectively. Across the full 16-year window we track, VXUS has the edge at +4.89% 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 15.1% for VXUS. 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 -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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVY charges 1.21% per year while VXUS charges 0.05%. On a $10,000 position that is $121 vs $5 annually, a gap of $116 per year that compounds over a long holding period. On income, CVY currently yields 4.10% against 2.59% for VXUS.
Holdings Overlap
CVY and VXUS share 7 holdings out of 8011 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CVY or VXUS?
CVY has an expense ratio of 1.21% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $116 per year of difference.
Which performed better, CVY or VXUS?
Over the past year CVY returned +19.83% vs +26.86% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (16 years), CVY annualized +2.13% vs +4.89% for VXUS. Past performance does not guarantee future results.
Which is riskier, CVY or VXUS?
CVY has been the more volatile fund at 18.5% annualized versus 15.1% for VXUS. Worst drawdown: CVY -70.5% vs VXUS -39.9%.
Should I hold both CVY and VXUS?
CVY and VXUS have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVY and VXUS?
CVY and VXUS share 7 common holdings with a 0.1% weight overlap. Combined, they hold 8011 unique securities.
Which pays a higher dividend, CVY or VXUS?
CVY yields 4.10% while VXUS yields 2.59%, so CVY currently pays the higher dividend yield.
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