PXF vs VTI
Invesco RAFI Developed Markets ex-US ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, PXF or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. PXF led over 1Y, 3Y and 5Y, VTI over the full window. PXF is less concentrated, with 14.8% of the fund in its ten largest positions against 33.3%.
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 | PXF | VTI |
|---|---|---|
| Expense Ratio | 0.43% | 0.03%Best |
| AUM | $3.0B | $666.9B |
| Dividend Yield | 2.99% | 1.03% |
| Holdings | 1,040 | 3,543 |
| YTD Return | +19.60%Best | +12.30% |
| 1Y Return | +31.66%Best | +16.08% |
| 3Y Return (annualized) | +23.77%Best | +21.01% |
| 5Y Return (annualized) | +14.96%Best | +12.36% |
| Volatility (annualized) | 19.4% | 16.0%Best |
| Max Drawdown | -65.7% | -56.6%Best |
| $10,000 over 5 years | $20,079Best | $17,908 |
| Top 10 Weight | 14.8%Best | 33.3% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 25, 2007 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Jun 25, 2007 to Sep 18, 2026 (19.2 years).
PXF 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 19.2 years both funds cover.
PXF vs VTI Performance
Invesco RAFI Developed Markets ex-US ETF (PXF) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year PXF returned +31.66% while VTI returned +16.08%. Year to date, PXF is up 19.60% versus a gain of 12.30% for VTI.
Over three years, PXF compounded at +23.77% per year against +21.01% for VTI; over five years the annualized figures are +14.96% and +12.36% respectively. Across the full 19-year window we track, VTI has the edge at +9.21% annualized vs +3.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXF has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 16.0% 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 -65.7% for PXF 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PXF charges 0.43% per year while VTI charges 0.03%. On a $10,000 position that is $43 vs $3 annually, a gap of $40 per year that compounds over a long holding period. On income, PXF currently yields 2.99% against 1.03% for VTI.
Holdings Overlap
0.7% of PXF's money is in holdings VTI also owns. 0.6% of VTI's money is in holdings PXF also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
16 positions in common, counted across the 962 positions we hold weights for in PXF and 3,463 in VTI, against full books of 1,040 and 3,543.
What only one of them owns
Our book lists 1,141 positions for VTI that do not appear in our book for PXF (96.9% of the fund), and 22 for PXF that do not appear in VTI (10.4%).
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 PXF | Weight in VTI | Difference |
|---|---|---|---|
| MDTMedtronic Plc Ordinary Shares | 0.19% | 0.15% | 0.04% |
| TTTt Trane Technologies Plc | 0.04% | 0.14% | 0.10% |
| GRMNGarminltd. | 0.08% | 0.07% | 0.01% |
| WCN:CAWaste Connections Inc Common Stock Cad 0 | 0.06% | 0.06% | 0.00% |
| HBANHuntington Bancshares Inc./Oh | 0.03% | 0.05% | 0.02% |
| EQTEQT Corp. | 0.02% | 0.05% | 0.03% |
| LULULululemon Athletica, Inc | 0.04% | 0.02% | 0.02% |
| APTVAptiv Plc Ordinary Shares | 0.03% | 0.02% | 0.01% |
| RIG:SMTransocean Ltd. | 0.04% | 0.01% | 0.03% |
| RBA:CARb Global, Inc | 0.02% | 0.03% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of PXF 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, PXF or VTI?
PXF has an expense ratio of 0.43% while VTI charges 0.03%. VTI is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, PXF or VTI?
Over the past year PXF returned +31.66% vs +16.08% for VTI, so PXF leads on 1-year performance. Over the longest common window we track (19 years), PXF annualized +3.46% vs +9.21% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PXF or VTI?
PXF has been the more volatile fund at 19.4% annualized versus 16.0% for VTI. Worst drawdown: PXF -65.7% vs VTI -56.6%.
Should I hold both PXF and VTI?
PXF and VTI have a monthly-return correlation of 0.84, 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, PXF or VTI?
PXF yields 2.99% while VTI yields 1.03%, so PXF currently pays the higher dividend yield.
Is VTI better than PXF?
VTI has a lower expense ratio. PXF led over 1Y, 3Y and 5Y, VTI over the full window. PXF is less concentrated, with 14.8% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.