MVV vs VTI
ProShares Ultra MidCap400 vs Vanguard Morningstar Total Stock Market ETF
Which is better, MVV or VTI?
Trading-Leveraged Equity against Large Cap Blend.
VTI has a lower expense ratio. MVV led over 1Y and the full window, VTI over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94.
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 | MVV | VTI |
|---|---|---|
| Expense Ratio | 0.95% | 0.03%Best |
| AUM | $140M | $690.1B |
| Dividend Yield | 0.69% | 1.03% |
| Holdings | 411 | 3,524 |
| YTD Return | +15.63%Best | +13.35% |
| 1Y Return | +18.91%Best | +15.92% |
| 3Y Return (annualized) | +22.95% | +23.41%Best |
| 5Y Return (annualized) | +6.34% | +12.83%Best |
| Volatility (annualized) | 36.5% | 15.7%Best |
| Max Drawdown | -86.3% | -56.6%Best |
| $10,000 over 5 years | $13,598 | $18,286Best |
| Fund Family | ProShares | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Jun 19, 2006 | May 24, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 21, 2006 to Oct 2, 2026 (20.3 years).
MVV 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 20.3 years both funds cover.
MVV vs VTI Performance
ProShares Ultra MidCap400 (MVV) is an ETF from ProShares and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year MVV returned +18.91% while VTI returned +15.92%. Year to date, MVV is up 15.63% versus a gain of 13.35% for VTI.
Over three years, MVV compounded at +22.95% per year against +23.41% for VTI; over five years the annualized figures are +6.34% and +12.83% respectively. Across the full 20-year window we track, MVV has the edge at +10.12% annualized vs +9.73%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVV has been the more volatile fund, with annualized monthly volatility of 36.5% compared with 15.7% 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 -86.3% for MVV 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MVV charges 0.95% per year while VTI charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, MVV currently yields 0.69% against 1.03% for VTI.
Holdings Overlap
At least 4.9% of VTI's money is in holdings MVV also owns.
Stated as a floor: for MVV, our book for it covers 81.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VTI and MVV share little of their money.
387 positions in common, counted across the 398 positions we hold weights for in MVV and 3,463 in VTI, against full books of 411 and 3,524.
Top Shared Holdings
| Stock | Weight in MVV | Weight in VTI | Difference |
|---|---|---|---|
| TWLOTwilio Inc. Class A | 0.79% | 0.04% | 0.75% |
| ILMNIllumina, Inc. | 0.71% | 0.04% | 0.67% |
| OKTAOkta Inc. | 0.70% | 0.03% | 0.67% |
| 0RMV:LNTechnipfmc Plc Ordinary Shares | 0.65% | 0.04% | 0.61% |
| ATIAti Inc | 0.58% | 0.04% | 0.54% |
| NVT:IENvent Electric Plc Ordinary Shares | 0.53% | 0.03% | 0.50% |
| THCTenet Healthcare Corp Common Stock Usd 0.05 | 0.51% | 0.03% | 0.48% |
| UTHRUnited Therapeutics Corp | 0.48% | 0.03% | 0.45% |
| XPOXpo Logistics Inc. | 0.48% | 0.03% | 0.45% |
| USFDUS Foods Holding Corp | 0.47% | 0.03% | 0.44% |
You are not choosing between two funds in isolation.
Whichever of MVV and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MVV or VTI?
MVV has an expense ratio of 0.95% while VTI charges 0.03%. VTI is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, MVV or VTI?
Over the past year MVV returned +18.91% vs +15.92% for VTI, so MVV leads on 1-year performance. Over the longest common window we track (20 years), MVV annualized +10.12% vs +9.73% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MVV or VTI?
MVV has been the more volatile fund at 36.5% annualized versus 15.7% for VTI. Worst drawdown: MVV -86.3% vs VTI -56.6%.
Should I hold both MVV and VTI?
MVV and VTI have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between MVV and VTI?
At least 4.9% of VTI's money is in holdings MVV also owns. Our book for MVV is partial, so the real figure is this or higher. They hold 387 positions in common, counted across the 398 positions we hold weights for in MVV and 3,463 in VTI.
Which pays a higher dividend, MVV or VTI?
MVV yields 0.69% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than MVV?
VTI has a lower expense ratio. MVV led over 1Y and the full window, VTI over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.