TVAL vs VTI
T. Rowe Price Value ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, TVAL or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. TVAL led over 1Y, VTI over 3Y and the full window. TVAL is less concentrated, with 29.1% 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 | TVAL | VTI |
|---|---|---|
| Expense Ratio | 0.33% | 0.03%Best |
| AUM | $1.0B | $666.9B |
| Dividend Yield | 0.95% | 1.03% |
| Holdings | 155 | 3,543 |
| YTD Return | +20.32%Best | +11.53% |
| 1Y Return | +28.25%Best | +15.74% |
| 3Y Return (annualized) | +19.46% | +20.67%Best |
| 5Y Return (annualized) | - | +11.59% |
| Volatility (annualized) | 12.3%Best | 13.1% |
| Max Drawdown | -15.8%Best | -19.3% |
| $10,000 over 3.3 years | $17,388 | $17,838Best |
| Top 10 Weight | 29.1%Best | 33.3% |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 14, 2023 | May 24, 2001 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 15, 2023 to Sep 15, 2026 (3.3 years).
TVAL 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 3.3 years both funds cover.
TVAL vs VTI Performance
T. Rowe Price Value ETF (TVAL) is an ETF from T.Rowe Price and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year TVAL returned +28.25% while VTI returned +15.74%. Year to date, TVAL is up 20.32% versus a gain of 11.53% for VTI.
Over three years, TVAL compounded at +19.46% per year against +20.67% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 12.3% for TVAL. 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 -15.8% for TVAL and -19.3% 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
TVAL charges 0.33% per year while VTI charges 0.03%. On a $10,000 position that is $33 vs $3 annually, a gap of $30 per year that compounds over a long holding period. On income, TVAL currently yields 0.95% against 1.03% for VTI.
Holdings Overlap
94.0% of TVAL's money is in holdings VTI also owns. 44.4% of VTI's money is in holdings TVAL also owns.
Most of TVAL is already inside VTI. Owning both mostly buys the same companies twice.
140 positions in common, counted across the 151 positions we hold weights for in TVAL and 3,463 in VTI, against full books of 155 and 3,543.
What only one of them owns
Our book lists 1,012 positions for VTI that do not appear in our book for TVAL (53.1% of the fund), and 3 for TVAL that do not appear in VTI (1.2%).
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 TVAL | Weight in VTI | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.94% | 6.29% | 1.35% |
| AMZNAmazon.Com Inc | 6.73% | 3.65% | 3.08% |
| MSFTMicrosoft Corp | 5.17% | 4.79% | 0.38% |
| JPMJpmorgan Chase | 1.64% | 1.31% | 0.33% |
| XOMExxon Mobil Corp. | 1.96% | 0.89% | 1.07% |
| JNJJohnson & Johnson - Common | 1.84% | 0.86% | 0.98% |
| GOOGAlphabet Inc | 0.35% | 2.31% | 1.96% |
| METAMeta Platforms Inc | 0.59% | 1.70% | 1.11% |
| PGProcter & Gamble Company | 1.57% | 0.47% | 1.10% |
| COPConocophillips Common Stock USD 0.01 | 1.83% | 0.20% | 1.63% |
94.0% of TVAL 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, TVAL or VTI?
TVAL has an expense ratio of 0.33% while VTI charges 0.03%. VTI is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, TVAL or VTI?
Over the past year TVAL returned +28.25% vs +15.74% for VTI, so TVAL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TVAL or VTI?
VTI has been the more volatile fund at 13.1% annualized versus 12.3% for TVAL. Worst drawdown: TVAL -15.8% vs VTI -19.3%.
Should I hold both TVAL and VTI?
TVAL 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.
What is the holdings overlap between TVAL and VTI?
94.0% of TVAL's money is in holdings VTI also owns. 44.4% of VTI's is in holdings TVAL also owns. They hold 140 positions in common, counted across the 151 positions we hold weights for in TVAL and 3,463 in VTI.
Which pays a higher dividend, TVAL or VTI?
TVAL yields 0.95% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than TVAL?
VTI has a lower expense ratio. TVAL led over 1Y, VTI over 3Y and the full window. TVAL is less concentrated, with 29.1% 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.