PDP vs VTI
Invesco Dorsey Wright Momentum ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, PDP or VTI?
Large Cap Growth against Large Cap Blend.
VTI has a lower expense ratio. PDP led over the full window, VTI over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.91. PDP is less concentrated, with 24.6% of the fund in its ten largest positions against 33.3%.
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 | PDP | VTI |
|---|---|---|
| Expense Ratio | 0.62% | 0.03%Best |
| AUM | $1.4B | $666.9B |
| Dividend Yield | 0.08% | 1.03% |
| Holdings | 103 | 3,543 |
| YTD Return | +14.10%Best | +12.30% |
| 1Y Return | +16.08%Tie | +16.08%Tie |
| 3Y Return (annualized) | +19.80% | +21.01%Best |
| 5Y Return (annualized) | +8.44% | +12.36%Best |
| Volatility (annualized) | 18.3% | 16.0%Best |
| Max Drawdown | -59.3% | -56.6%Best |
| $10,000 over 5 years | $14,995 | $17,908Best |
| Top 10 Weight | 24.6%Best | 33.3% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 1, 2007 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Mar 1, 2007 to Sep 18, 2026 (19.6 years).
PDP 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 19.6 years both funds cover.
PDP vs VTI Performance
Invesco Dorsey Wright Momentum ETF (PDP) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year PDP returned +16.08% while VTI returned +16.08%. Year to date, PDP is up 14.10% versus a gain of 12.30% for VTI.
Over three years, PDP compounded at +19.80% per year against +21.01% for VTI; over five years the annualized figures are +8.44% and +12.36% respectively. Across the full 20-year window we track, PDP has the edge at +9.59% annualized vs +9.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDP has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 16.0% 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 -59.3% for PDP 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PDP charges 0.62% per year while VTI charges 0.03%. On a $10,000 position that is $62 vs $3 annually, a gap of $59 per year that compounds over a long holding period. On income, PDP currently yields 0.08% against 1.03% for VTI.
Holdings Overlap
99.9% of PDP's money is in holdings VTI also owns. 23.1% of VTI's money is in holdings PDP also owns.
Most of PDP is already inside VTI. Owning both mostly buys the same companies twice.
100 positions in common, counted across the 101 positions we hold weights for in PDP and 3,463 in VTI, against full books of 103 and 3,543.
What only one of them owns
Our book lists 1,052 positions for VTI that do not appear in our book for PDP (74.4% of the fund), and 1 for PDP that do not appear in VTI (0.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in PDP | Weight in VTI | Difference |
|---|---|---|---|
| AAPLApple, Inc | 3.53% | 6.29% | 2.76% |
| GOOGLAlphabet Inc,class A | 1.19% | 2.90% | 1.71% |
| MUMicron Technology, Inc. | 2.02% | 1.29% | 0.73% |
| APHAmphenol Corp. Class A | 2.98% | 0.27% | 2.71% |
| TRGPTarga Resources Corp Preferred | 3.14% | 0.08% | 3.06% |
| SNDKSandisk Corp/De | 2.52% | 0.25% | 2.27% |
| ATIAti Inc | 2.40% | 0.04% | 2.36% |
| FIXComfort Systems USA Inc. | 2.32% | 0.08% | 2.24% |
| AMATApplied Materials, Inc. | 1.64% | 0.56% | 1.08% |
| CRSCarpenter Technology Corpcommon Stock | 2.11% | 0.03% | 2.08% |
99.9% of PDP 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, PDP or VTI?
PDP has an expense ratio of 0.62% while VTI charges 0.03%. VTI is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, PDP or VTI?
Over the past year PDP returned +16.08% vs +16.08% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (20 years), PDP annualized +9.59% vs +9.39% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PDP or VTI?
PDP has been the more volatile fund at 18.3% annualized versus 16.0% for VTI. Worst drawdown: PDP -59.3% vs VTI -56.6%.
Should I hold both PDP and VTI?
PDP and VTI have a monthly-return correlation of 0.91, 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 PDP and VTI?
99.9% of PDP's money is in holdings VTI also owns. 23.1% of VTI's is in holdings PDP also owns. They hold 100 positions in common, counted across the 101 positions we hold weights for in PDP and 3,463 in VTI.
Which pays a higher dividend, PDP or VTI?
PDP yields 0.08% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than PDP?
VTI has a lower expense ratio. PDP led over the full window, VTI over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.91. PDP is less concentrated, with 24.6% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.