PIM vs VTI
Putnam Master Intermediate Income Trust vs Vanguard Morningstar Total Stock Market ETF
Which is better, PIM or VTI?
Short Term Low Quality 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 | PIM | VTI |
|---|---|---|
| Expense Ratio | 1.01% | 0.03%Best |
| AUM | $1,493.58 | $666.9B |
| Dividend Yield | 7.93% | 1.03% |
| Holdings | 775 | 3,543 |
| YTD Return | -4.36% | +12.30%Best |
| 1Y Return | -6.26% | +16.08%Best |
| 3Y Return (annualized) | +7.55% | +21.01%Best |
| 5Y Return (annualized) | +2.17% | +12.36%Best |
| Volatility (annualized) | 10.9%Best | 15.3% |
| Max Drawdown | -50.5%Best | -56.6% |
| $10,000 over 5 years | $11,133 | $17,908Best |
| Fund Family | Putnam Investments | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Short Term Low Quality | Large Cap Blend |
| Inception | Apr 29, 1988 | May 24, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 31, 2001 to Sep 18, 2026 (25.3 years).
PIM 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.
PIM vs VTI Performance
Putnam Master Intermediate Income Trust (PIM) is an ETF from Putnam Investments and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year PIM returned -6.26% while VTI returned +16.08%. Year to date, PIM is down 4.36% versus a gain of 12.30% for VTI.
Over three years, PIM compounded at +7.55% per year against +21.01% for VTI; over five years the annualized figures are +2.17% and +12.36% respectively. Across the full 25-year window we track, VTI has the edge at +8.03% annualized vs -1.35%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 10.9% for PIM. 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 -50.5% for PIM 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 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PIM charges 1.01% per year while VTI charges 0.03%. On a $10,000 position that is $101 vs $3 annually, a gap of $98 per year that compounds over a long holding period. On income, PIM currently yields 7.93% against 1.03% for VTI.
Holdings Overlap
We hold position weights for 3 holdings in PIM and 3,463 in VTI, totalling 2.7% and 98.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 304 days apart, PIM as of Sep 30, 2025 and VTI as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 3 positions we hold weights for in PIM and 3,463 in VTI, against full books of 775 and 3,543.
You are not choosing between two funds in isolation.
Whichever of PIM 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, PIM or VTI?
PIM has an expense ratio of 1.01% while VTI charges 0.03%. VTI is the cheaper option, by $98 a year on a $10,000 investment.
Which performed better, PIM or VTI?
Over the past year PIM returned -6.26% vs +16.08% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (25 years), PIM annualized -1.35% vs +8.03% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PIM or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 10.9% for PIM. Worst drawdown: PIM -50.5% vs VTI -56.6%.
Should I hold both PIM and VTI?
PIM and VTI have a monthly-return correlation of 0.42, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PIM or VTI?
PIM yields 7.93% while VTI yields 1.03%, so PIM currently pays the higher dividend yield.
Is VTI better than PIM?
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.