KBWD vs VTI
Invesco KBW High Dividend Yield Financial ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, KBWD or VTI?
Small Cap Value 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 | KBWD | VTI |
|---|---|---|
| Expense Ratio | 5.39% | 0.03%Best |
| AUM | $407M | $666.9B |
| Dividend Yield | 13.79% | 1.03% |
| Holdings | 41 | 3,543 |
| YTD Return | -5.55% | +12.57%Best |
| 1Y Return | -4.11% | +17.22%Best |
| 3Y Return (annualized) | +3.02% | +20.87%Best |
| 5Y Return (annualized) | +0.67% | +11.86%Best |
| Volatility (annualized) | 20.9% | 14.6%Best |
| Max Drawdown | -65.2% | -35.0%Best |
| $10,000 over 5 years | $10,340 | $17,514Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Dec 2, 2010 | May 24, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 2, 2010 to Sep 11, 2026 (15.8 years).
KBWD 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
KBWD vs VTI Performance
Invesco KBW High Dividend Yield Financial ETF (KBWD) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year KBWD returned -4.11% while VTI returned +17.22%. Year to date, KBWD is down 5.55% versus a gain of 12.57% for VTI.
Over three years, KBWD compounded at +3.02% per year against +20.87% for VTI; over five years the annualized figures are +0.67% and +11.86% respectively. Across the full 16-year window we track, VTI has the edge at +12.52% annualized vs -0.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWD has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 14.6% 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 -65.2% for KBWD and -35.0% 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KBWD charges 5.39% per year while VTI charges 0.03%. On a $10,000 position that is $539 vs $3 annually, a gap of $536 per year that compounds over a long holding period. On income, KBWD currently yields 13.79% against 1.03% for VTI.
Holdings Overlap
At least 47.1% of KBWD's money is in holdings VTI also owns.
Stated as a floor: for VTI, our book for it covers 90.6% 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.
18 positions in common, counted across the 38 positions we hold weights for in KBWD and 2,787 in VTI, against full books of 41 and 3,543.
What only one of them owns
Measured across the 38 and 2,787 positions we hold weights for.
VTI holds 678 positions KBWD does not, 89.8% of the fund.
Largest: NVDA 6.32%, AAPL 5.84%, MSFT 3.81%, AMZN 3.17%, GOOGL 2.88%
Top Shared Holdings
| Stock | Weight in KBWD | Weight in VTI | Difference |
|---|---|---|---|
| IVRInvesco Mortgage Capital Inc. COM | 4.14% | 0.00% | 4.14% |
| ORCOrchid Isla | 4.02% | 0.00% | 4.02% |
| ARRArmour Residential Reit Inc | 3.84% | 0.00% | 3.84% |
| AGNCAgnc Investment Corp. | 3.44% | 0.02% | 3.42% |
| MFAMfa Financial Inc Reit Usd.01 | 3.41% | 0.00% | 3.41% |
| PMTPennymac Mortgage Investment | 3.34% | 0.00% | 3.34% |
| NLYAnnaly Capital Management Inc. | 3.22% | 0.02% | 3.20% |
| ABRArbor Realty Trust Inc | 2.63% | 0.00% | 2.63% |
| WUWestern Union Co. | 2.56% | 0.00% | 2.56% |
| APAMArtisan Partners Asset Management, Inc. | 2.36% | 0.00% | 2.36% |
47.1% of KBWD 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, KBWD or VTI?
KBWD has an expense ratio of 5.39% while VTI charges 0.03%. VTI is the cheaper option, by $536 a year on a $10,000 investment.
Which performed better, KBWD or VTI?
Over the past year KBWD returned -4.11% vs +17.22% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (16 years), KBWD annualized -0.45% vs +12.52% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KBWD or VTI?
KBWD has been the more volatile fund at 20.9% annualized versus 14.6% for VTI. Worst drawdown: KBWD -65.2% vs VTI -35.0%.
Should I hold both KBWD and VTI?
KBWD and VTI have a monthly-return correlation of 0.78, 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 KBWD and VTI?
At least 47.1% of KBWD's money is in holdings VTI also owns. Our book for VTI is partial, so the real figure is this or higher. They hold 18 positions in common, counted across the 38 positions we hold weights for in KBWD and 2,787 in VTI.
Which pays a higher dividend, KBWD or VTI?
KBWD yields 13.79% while VTI yields 1.03%, so KBWD currently pays the higher dividend yield.
Is VTI better than KBWD?
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.