PEPS vs VTI
Parametric Equity Plus ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, PEPS or VTI?
Nearly the same fund. VTI costs less.
VTI has a lower expense ratio. PEPS led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 38.3%.
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 | PEPS | VTI |
|---|---|---|
| Expense Ratio | 0.10% | 0.03%Best |
| AUM | $30M | $690.1B |
| Dividend Yield | 0.91% | 1.03% |
| Holdings | 213 | 3,524 |
| YTD Return | +12.57%Best | +12.51% |
| 1Y Return | +16.40%Best | +15.23% |
| 3Y Return (annualized) | - | +22.50% |
| 5Y Return (annualized) | - | +12.31% |
| Volatility (annualized) | 12.7% | 12.6%Best |
| Max Drawdown | -21.0% | -19.3%Best |
| $10,000 over 1.9 years | $13,425Best | $12,960 |
| Top 10 Weight | 38.3% | 33.3%Best |
| Fund Family | Parametric | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 7, 2024 | May 24, 2001 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 8, 2024 to Oct 1, 2026 (1.9 years).
PEPS 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 1.9 years both funds cover.
PEPS vs VTI Performance
Parametric Equity Plus ETF (PEPS) is an ETF from Parametric and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year PEPS returned +16.40% while VTI returned +15.23%. Year to date, PEPS is up 12.57% versus a gain of 12.51% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PEPS has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 12.6% 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 -21.0% for PEPS and -19.3% 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PEPS charges 0.10% per year while VTI charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, PEPS currently yields 0.91% against 1.03% for VTI.
Holdings Overlap
93.0% of PEPS's money is in holdings VTI also owns. 61.1% of VTI's money is in holdings PEPS also owns.
Most of PEPS is already inside VTI. Owning both mostly buys the same companies twice.
177 positions in common, counted across the 195 positions we hold weights for in PEPS and 3,463 in VTI, against full books of 213 and 3,524.
What only one of them owns
Our book lists 977 positions for VTI that do not appear in our book for PEPS (36.2% of the fund), and 9 for PEPS that do not appear in VTI (4.1%).
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 PEPS | Weight in VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.20% | 6.40% | 0.80% |
| AAPLApple, Inc | 7.15% | 6.29% | 0.86% |
| MSFTMicrosoft Corp | 5.36% | 4.79% | 0.57% |
| AMZNAmazon.Com Inc | 3.62% | 3.65% | 0.03% |
| GOOGLAlphabet Inc,class A | 2.90% | 2.90% | 0.00% |
| AVGOBroadcom Inc | 2.64% | 2.56% | 0.08% |
| GOOGAlphabet Inc. C | 2.58% | 2.31% | 0.27% |
| METAMeta Platforms Inc | 2.13% | 1.70% | 0.43% |
| MUMicron Technology, Inc. | 2.01% | 1.29% | 0.72% |
| JPMJpmorgan Chase | 1.72% | 1.31% | 0.41% |
93.0% of PEPS 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, PEPS or VTI?
PEPS has an expense ratio of 0.10% while VTI charges 0.03%. VTI is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, PEPS or VTI?
Over the past year PEPS returned +16.40% vs +15.23% for VTI, so PEPS leads on 1-year performance. Over the longest common window we track (2 years), PEPS annualized +16.77% vs +14.62% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PEPS or VTI?
PEPS has been the more volatile fund at 12.7% annualized versus 12.6% for VTI. Worst drawdown: PEPS -21.0% vs VTI -19.3%.
Should I hold both PEPS and VTI?
PEPS and VTI have a monthly-return correlation of 0.98, 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 PEPS and VTI?
93.0% of PEPS's money is in holdings VTI also owns. 61.1% of VTI's is in holdings PEPS also owns. They hold 177 positions in common, counted across the 195 positions we hold weights for in PEPS and 3,463 in VTI.
Which pays a higher dividend, PEPS or VTI?
PEPS yields 0.91% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than PEPS?
VTI has a lower expense ratio. PEPS led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 38.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.