PVI vs VXUS
Invesco Floating Rate Municipal Income ETF vs Vanguard Total International Stock ETF
Quick Verdict
VXUS has a lower expense ratio. VXUS delivered stronger 1-year returns. VXUS offers more diversification with 8,747 holdings.
Side-by-Side Comparison
| Metric | PVI | VXUS | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.05% | |
| AUM | $31M | $158.1B | |
| Dividend Yield | 2.17% | 2.59% | |
| Holdings | 154 | 8,747 | |
| YTD Return | +1.27% | +15.52% | |
| 1Y Return | +2.14% | +26.73% | |
| 3Y Return (annualized) | +2.51% | +20.35% | |
| 5Y Return (annualized) | +2.02% | +9.40% | |
| Volatility (annualized) | 0.5% | 15.1% | |
| Max Drawdown | -4.8% | -39.9% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Nov 15, 2007 | Jan 26, 2011 |
PVI vs VXUS Performance
Invesco Floating Rate Municipal Income ETF (PVI) is a ETF from Invesco (US) and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year PVI returned +2.14% while VXUS returned +26.73%. Year to date, PVI is up 1.27% versus a gain of 15.52% for VXUS.
Over three years, PVI compounded at +2.51% per year against +20.35% for VXUS; over five years the annualized figures are +2.02% and +9.40% respectively. Across the full 16-year window we track, VXUS has the edge at +4.90% annualized vs +0.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VXUS has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 0.5% for PVI. 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 -4.8% for PVI and -39.9% for VXUS. 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 -0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PVI charges 0.25% per year while VXUS charges 0.05%. On a $10,000 position that is $25 vs $5 annually, a gap of $20 per year that compounds over a long holding period. On income, PVI currently yields 2.17% against 2.59% for VXUS.
Holdings Overlap
PVI and VXUS share 0 holdings out of 7946 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, PVI or VXUS?
PVI has an expense ratio of 0.25% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, PVI or VXUS?
Over the past year PVI returned +2.14% vs +26.73% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (16 years), PVI annualized +0.50% vs +4.90% for VXUS. Past performance does not guarantee future results.
Which is riskier, PVI or VXUS?
VXUS has been the more volatile fund at 15.1% annualized versus 0.5% for PVI. Worst drawdown: PVI -4.8% vs VXUS -39.9%.
Should I hold both PVI and VXUS?
PVI and VXUS have a monthly-return correlation of -0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PVI and VXUS?
PVI and VXUS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 7946 unique securities.
Which pays a higher dividend, PVI or VXUS?
PVI yields 2.17% while VXUS yields 2.59%, so VXUS currently pays the higher dividend yield.
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