VPV vs VTI
Invesco Pennsylvania Value Municipal Income Trust vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | VPV | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 1.71% | 0.03% | |
| AUM | $3,177.19 | $663.5B | |
| Dividend Yield | 7.35% | 1.07% | |
| Holdings | 141 | 3,543 | |
| YTD Return | +12.61% | +14.96% | |
| 1Y Return | +21.10% | +22.39% | |
| 3Y Return (annualized) | +12.28% | +21.51% | |
| 5Y Return (annualized) | +1.82% | +12.36% | |
| Volatility (annualized) | 13.2% | 15.4% | |
| Max Drawdown | -57.3% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 30, 1993 | May 24, 2001 |
VPV vs VTI Performance
Invesco Pennsylvania Value Municipal Income Trust (VPV) is a ETF from Invesco (US) and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year VPV returned +21.10% while VTI returned +22.39%. Year to date, VPV is up 12.61% versus a gain of 14.96% for VTI.
Over three years, VPV compounded at +12.28% per year against +21.51% for VTI; over five years the annualized figures are +1.82% and +12.36% respectively. Across the full 25-year window we track, VTI has the edge at +8.16% annualized vs +0.71%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 13.2% for VPV. 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 -57.3% for VPV and -56.6% for VTI. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VPV charges 1.71% per year while VTI charges 0.03%. On a $10,000 position that is $171 vs $3 annually, a gap of $168 per year that compounds over a long holding period. On income, VPV currently yields 7.35% against 1.07% for VTI.
Holdings Overlap
VPV and VTI share 0 holdings out of 2838 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, VPV or VTI?
VPV has an expense ratio of 1.71% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $168 per year of difference.
Which performed better, VPV or VTI?
Over the past year VPV returned +21.10% vs +22.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (25 years), VPV annualized +0.71% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, VPV or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 13.2% for VPV. Worst drawdown: VPV -57.3% vs VTI -56.6%.
Should I hold both VPV and VTI?
VPV and VTI have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VPV and VTI?
VPV and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2838 unique securities.
Which pays a higher dividend, VPV or VTI?
VPV yields 7.35% while VTI yields 1.07%, so VPV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.