TCV vs VTI
Towle Value ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, TCV or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. TCV led over 1Y and the full window. TCV is less concentrated, with 29.5% 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 | TCV | VTI |
|---|---|---|
| Expense Ratio | 0.85% | 0.03%Best |
| AUM | $203M | $666.9B |
| Dividend Yield | 0.56% | 1.03% |
| Holdings | 50 | 3,543 |
| YTD Return | +21.85%Best | +13.60% |
| 1Y Return | +25.89%Best | +18.17% |
| 3Y Return (annualized) | - | +23.04% |
| 5Y Return (annualized) | - | +12.14% |
| Volatility (annualized) | 16.5% | 12.1%Best |
| Max Drawdown | -12.2% | -8.9%Best |
| $10,000 over 1.2 years | $12,869Best | $12,444 |
| Top 10 Weight | 29.5%Best | 33.3% |
| Fund Family | Towle | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 16, 2025 | May 24, 2001 |
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 17, 2025 to Sep 25, 2026 (1.2 years).
TCV 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 1.2 years both funds cover.
TCV vs VTI Performance
Towle Value ETF (TCV) is an ETF from Towle and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year TCV returned +25.89% while VTI returned +18.17%. Year to date, TCV is up 21.85% versus a gain of 13.60% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TCV has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 12.1% 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 -12.2% for TCV and -8.9% 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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TCV charges 0.85% per year while VTI charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, TCV currently yields 0.56% against 1.03% for VTI.
Holdings Overlap
95.1% of TCV's money is in holdings VTI also owns. 0.2% of VTI's money is in holdings TCV also owns.
Most of TCV is already inside VTI. Owning both mostly buys the same companies twice.
48 positions in common, counted across the 51 positions we hold weights for in TCV and 3,463 in VTI, against full books of 50 and 3,543.
What only one of them owns
Our book lists 1,135 positions for VTI that do not appear in our book for TCV (97.3% of the fund), and 1 for TCV that do not appear in VTI (0.8%).
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 TCV | Weight in VTI | Difference |
|---|---|---|---|
| FIVNFive9 Inc | 3.68% | 0.00% | 3.68% |
| SNXSynnex Technology International Co | 3.11% | 0.03% | 3.08% |
| ARWArrow Electronics Inc. | 3.05% | 0.02% | 3.03% |
| MEIMethode Electronics Inc., Class A | 3.01% | 0.00% | 3.01% |
| COMPSturm Ruger & Company Inc. | 2.87% | 0.01% | 2.86% |
| HOGHarley-Davidson | 2.80% | 0.00% | 2.80% |
| UNFIUnited Natural Foods Inc | 2.75% | 0.00% | 2.75% |
| AMRKA Mark Precious Metals Inc Common Stock Usd.01 | 2.71% | 0.00% | 2.71% |
| MOHMolina Healthcare Inc_None_0 | 2.64% | 0.01% | 2.63% |
| PGNYProgyny Inc | 2.62% | 0.00% | 2.62% |
95.1% of TCV 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, TCV or VTI?
TCV has an expense ratio of 0.85% while VTI charges 0.03%. VTI is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, TCV or VTI?
Over the past year TCV returned +25.89% vs +18.17% for VTI, so TCV leads on 1-year performance. Over the longest common window we track (1 years), TCV annualized +23.39% vs +19.99% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TCV or VTI?
TCV has been the more volatile fund at 16.5% annualized versus 12.1% for VTI. Worst drawdown: TCV -12.2% vs VTI -8.9%.
Should I hold both TCV and VTI?
TCV and VTI have a monthly-return correlation of 0.63, 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 TCV and VTI?
95.1% of TCV's money is in holdings VTI also owns. 0.2% of VTI's is in holdings TCV also owns. They hold 48 positions in common, counted across the 51 positions we hold weights for in TCV and 3,463 in VTI.
Which pays a higher dividend, TCV or VTI?
TCV yields 0.56% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than TCV?
VTI has a lower expense ratio. TCV led over 1Y and the full window. TCV is less concentrated, with 29.5% 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.