PIZ vs VTI
Invesco Dorsey Wright Developed Markets Momentum ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | PIZ | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.03% | |
| AUM | $734M | $666.9B | |
| Dividend Yield | 1.63% | 1.07% | |
| Holdings | 116 | 3,543 | |
| YTD Return | +9.40% | +13.14% | |
| 1Y Return | +19.09% | +22.35% | |
| 3Y Return (annualized) | +23.37% | +21.83% | |
| 5Y Return (annualized) | +7.67% | +12.01% | |
| Volatility (annualized) | 20.4% | 15.3% | |
| Max Drawdown | -61.1% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 28, 2007 | May 24, 2001 |
PIZ vs VTI Performance
Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) is a ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PIZ returned +19.09% while VTI returned +22.35%. Year to date, PIZ is up 9.40% versus a gain of 13.14% for VTI.
Over three years, PIZ compounded at +23.37% per year against +21.83% for VTI; over five years the annualized figures are +7.67% and +12.01% respectively. Across the full 19-year window we track, VTI has the edge at +8.09% annualized vs +4.65%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PIZ has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 15.3% 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 -61.1% for PIZ and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PIZ charges 0.80% per year while VTI charges 0.03%. On a $10,000 position that is $80 vs $3 annually, a gap of $77 per year that compounds over a long holding period. On income, PIZ currently yields 1.63% against 1.07% for VTI.
Holdings Overlap
PIZ and VTI share 0 holdings out of 2887 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PIZ or VTI?
PIZ has an expense ratio of 0.80% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, PIZ or VTI?
Over the past year PIZ returned +19.09% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (19 years), PIZ annualized +4.65% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, PIZ or VTI?
PIZ has been the more volatile fund at 20.4% annualized versus 15.3% for VTI. Worst drawdown: PIZ -61.1% vs VTI -56.6%.
Should I hold both PIZ and VTI?
PIZ and VTI have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PIZ and VTI?
PIZ and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2887 unique securities.
Which pays a higher dividend, PIZ or VTI?
PIZ yields 1.63% while VTI yields 1.07%, so PIZ currently pays the higher dividend yield.
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