INVG vs VTI
GMO Systematic Investment Grade Credit 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 | INVG | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $24M | $666.9B | |
| Dividend Yield | 5.30% | 1.07% | |
| Holdings | 127 | 3,543 | |
| YTD Return | -0.21% | +13.14% | |
| 1Y Return | +2.42% | +22.35% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 3.4% | 15.3% | |
| Max Drawdown | -3.1% | -56.6% | |
| Fund Family | GMO | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 3, 2025 | May 24, 2001 |
INVG vs VTI Performance
GMO Systematic Investment Grade Credit ETF (INVG) is a ETF from GMO and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year INVG returned +2.42% while VTI returned +22.35%. Year to date, INVG is down 0.21% versus a gain of 13.14% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.4% for INVG. 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 -3.1% for INVG 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INVG charges 0.25% per year while VTI charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, INVG currently yields 5.30% against 1.07% for VTI.
Holdings Overlap
INVG and VTI share 0 holdings out of 2900 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INVG or VTI?
INVG has an expense ratio of 0.25% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, INVG or VTI?
Over the past year INVG returned +2.42% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (1 years), INVG annualized +3.66% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, INVG or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 3.4% for INVG. Worst drawdown: INVG -3.1% vs VTI -56.6%.
Should I hold both INVG and VTI?
INVG and VTI have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INVG and VTI?
INVG and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2900 unique securities.
Which pays a higher dividend, INVG or VTI?
INVG yields 5.30% while VTI yields 1.07%, so INVG currently pays the higher dividend yield.
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