SPLV vs VTI
Invesco S&P 500 Low Volatility ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, SPLV or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. SPLV is less concentrated, with 12.5% 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 | SPLV | VTI |
|---|---|---|
| Expense Ratio | 0.25% | 0.03%Best |
| AUM | $7.1B | $666.9B |
| Dividend Yield | 2.18% | 1.03% |
| Holdings | 111 | 3,543 |
| YTD Return | +4.13% | +12.28%Best |
| 1Y Return | +2.89% | +16.78%Best |
| 3Y Return (annualized) | +8.29% | +20.89%Best |
| 5Y Return (annualized) | +5.34% | +11.94%Best |
| Volatility (annualized) | 11.6%Best | 14.7% |
| Max Drawdown | -36.6% | -35.0%Best |
| $10,000 over 5 years | $12,971 | $17,576Best |
| Top 10 Weight | 12.5%Best | 33.3% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | May 5, 2011 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: May 5, 2011 to Sep 17, 2026 (15.4 years).
SPLV 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 15.4 years both funds cover.
SPLV vs VTI Performance
Invesco S&P 500 Low Volatility ETF (SPLV) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year SPLV returned +2.89% while VTI returned +16.78%. Year to date, SPLV is up 4.13% versus a gain of 12.28% for VTI.
Over three years, SPLV compounded at +8.29% per year against +20.89% for VTI; over five years the annualized figures are +5.34% and +11.94% respectively. Across the full 15-year window we track, VTI has the edge at +12.19% annualized vs +8.10%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 11.6% for SPLV. 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 -36.6% for SPLV and -35.0% 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPLV charges 0.25% per year while VTI charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, SPLV currently yields 2.18% against 1.03% for VTI.
Holdings Overlap
98.8% of SPLV's money is in holdings VTI also owns. 15.9% of VTI's money is in holdings SPLV also owns.
Most of SPLV is already inside VTI. Owning both mostly buys the same companies twice.
99 positions in common, counted across the 101 positions we hold weights for in SPLV and 3,463 in VTI, against full books of 111 and 3,543.
What only one of them owns
Our book lists 1,051 positions for VTI that do not appear in our book for SPLV (81.6% of the fund), and 1 for SPLV that do not appear in VTI (0.2%).
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 SPLV | Weight in VTI | Difference |
|---|---|---|---|
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.32% | 1.28% | 0.04% |
| JPMJpmorgan Chase | 0.99% | 1.31% | 0.32% |
| JNJJohnson & Johnson - Common | 1.24% | 0.86% | 0.38% |
| VVisa Inc Class A | 0.97% | 0.83% | 0.14% |
| KOCoca Cola Co. | 1.23% | 0.42% | 0.81% |
| MAMastercard Inc | 0.98% | 0.63% | 0.35% |
| BACBank of America Corp.: Financials | 1.00% | 0.55% | 0.45% |
| COSTCostco Wholesale Corp. | 0.96% | 0.59% | 0.37% |
| PGProcter & Gamble Company | 1.05% | 0.47% | 0.58% |
| LLoews Corp | 1.37% | 0.03% | 1.34% |
98.8% of SPLV 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, SPLV or VTI?
SPLV has an expense ratio of 0.25% while VTI charges 0.03%. VTI is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, SPLV or VTI?
Over the past year SPLV returned +2.89% vs +16.78% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (15 years), SPLV annualized +8.10% vs +12.19% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPLV or VTI?
VTI has been the more volatile fund at 14.7% annualized versus 11.6% for SPLV. Worst drawdown: SPLV -36.6% vs VTI -35.0%.
Should I hold both SPLV and VTI?
SPLV and VTI have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPLV and VTI?
98.8% of SPLV's money is in holdings VTI also owns. 15.9% of VTI's is in holdings SPLV also owns. They hold 99 positions in common, counted across the 101 positions we hold weights for in SPLV and 3,463 in VTI.
Which pays a higher dividend, SPLV or VTI?
SPLV yields 2.18% while VTI yields 1.03%, so SPLV currently pays the higher dividend yield.
Is VTI better than SPLV?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. SPLV is less concentrated, with 12.5% 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.