PKW vs VTI
Invesco BuyBack Achievers ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, PKW or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. PKW led over 1Y and the full window, VTI over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.92. VTI is less concentrated, with 34.6% of the fund in its ten largest positions against 40.9%.
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 | PKW | VTI |
|---|---|---|
| Expense Ratio | 0.63% | 0.03%Best |
| AUM | $1.7B | $689.2B |
| Dividend Yield | 0.64% | 1.06% |
| Holdings | 579 | 3,542 |
| YTD Return | +11.21% | +11.23%Best |
| 1Y Return | +16.42%Best | +12.01% |
| 3Y Return (annualized) | +20.17% | +21.03%Best |
| 5Y Return (annualized) | +10.16% | +10.44%Best |
| Volatility (annualized) | 17.1% | 15.8%Best |
| Max Drawdown | -55.3%Best | -56.6% |
| $10,000 over 5 years | $16,223 | $16,430Best |
| Top 10 Weight | 40.9% | 34.6%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 20, 2006 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Dec 20, 2006 to Nov 9, 2026 (19.9 years).
PKW 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 19.9 years both funds cover.
PKW vs VTI Performance
Invesco BuyBack Achievers ETF (PKW) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year PKW returned +16.42% while VTI returned +12.01%. Year to date, PKW is up 11.21% versus a gain of 11.23% for VTI.
Over three years, PKW compounded at +20.17% per year against +21.03% for VTI; over five years the annualized figures are +10.16% and +10.44% respectively. Across the full 20-year window we track, PKW has the edge at +9.75% annualized vs +9.13%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PKW has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 15.8% 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 -55.3% for PKW 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PKW charges 0.63% per year while VTI charges 0.03%. On a $10,000 position that is $63 vs $3 annually, a gap of $60 per year that compounds over a long holding period. On income, PKW currently yields 0.64% against 1.06% for VTI.
Holdings Overlap
97.9% of PKW's money is in holdings VTI also owns. 4.4% of VTI's money is in holdings PKW also owns.
Most of PKW is already inside VTI. Owning both mostly buys the same companies twice.
270 positions in common, counted across the 287 positions we hold weights for in PKW and 3,464 in VTI, against full books of 579 and 3,542.
What only one of them owns
Our book lists 1,004 positions for VTI that do not appear in our book for PKW (92.5% of the fund), and 12 for PKW that do not appear in VTI (0.7%).
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 PKW | Weight in VTI | Difference |
|---|---|---|---|
| CRMSalesforce Inc Crm Us Equity | 6.36% | 0.24% | 6.12% |
| WFCWells Fargo & Co. | 4.59% | 0.33% | 4.26% |
| SCHWSchwab Strategic T | 4.68% | 0.22% | 4.46% |
| BACBank of America Corp.: Financials | 4.16% | 0.49% | 3.67% |
| MPCMarathon Petroleum Corp. | 4.23% | 0.15% | 4.08% |
| CCitigroup Inc. | 4.03% | 0.29% | 3.74% |
| VLOValero Energy | 4.01% | 0.15% | 3.86% |
| ADBEAdobe Systems | 3.19% | 0.13% | 3.06% |
| JCIJohnson Controls International Plc | 3.07% | 0.12% | 2.95% |
| HCAHca Healthcare Inc. | 2.62% | 0.08% | 2.54% |
97.9% of PKW 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, PKW or VTI?
PKW has an expense ratio of 0.63% while VTI charges 0.03%. VTI is the cheaper option, by $60 a year on a $10,000 investment.
Which performed better, PKW or VTI?
Over the past year PKW returned +16.42% vs +12.01% for VTI, so PKW leads on 1-year performance. Over the longest common window we track (20 years), PKW annualized +9.75% vs +9.13% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PKW or VTI?
PKW has been the more volatile fund at 17.1% annualized versus 15.8% for VTI. Worst drawdown: PKW -55.3% vs VTI -56.6%.
Should I hold both PKW and VTI?
PKW and VTI have a monthly-return correlation of 0.92, 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 PKW and VTI?
97.9% of PKW's money is in holdings VTI also owns. 4.4% of VTI's is in holdings PKW also owns. They hold 270 positions in common, counted across the 287 positions we hold weights for in PKW and 3,464 in VTI.
Which pays a higher dividend, PKW or VTI?
PKW yields 0.64% while VTI yields 1.06%, so VTI currently pays the higher dividend yield.
Is VTI better than PKW?
VTI has a lower expense ratio. PKW led over 1Y and the full window, VTI over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.92. VTI is less concentrated, with 34.6% of the fund in its ten largest positions against 40.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.