VTI vs VTN
Vanguard Morningstar Total Stock Market ETF vs Invesco Trust for Investment Grade New York Municipals
Which is better, VTI or VTN?
Large Cap Blend against Municipal New York.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window.
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 | VTI | VTN |
|---|---|---|
| Expense Ratio | 0.03%Best | 2.69% |
| AUM | $666.9B | $3,218.67 |
| Dividend Yield | 1.03% | 7.94% |
| Holdings | 3,543 | 197 |
| YTD Return | +13.60%Best | -13.49% |
| 1Y Return | +18.17%Best | -6.36% |
| 3Y Return (annualized) | +23.04%Best | +7.81% |
| 5Y Return (annualized) | +12.14%Best | -1.67% |
| Volatility (annualized) | 15.3% | 14.8%Best |
| Max Drawdown | -56.6%Best | -60.5% |
| $10,000 over 5 years | $17,734Best | $9,192 |
| Fund Family | Vanguard (US) | Invesco (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal New York |
| Inception | May 24, 2001 | Mar 27, 1992 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 31, 2001 to Sep 25, 2026 (25.3 years).
VTI vs VTN 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
VTI vs VTN Performance
Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US) and Invesco Trust for Investment Grade New York Municipals (VTN) is an ETF from Invesco (US). Over the past year VTI returned +18.17% while VTN returned -6.36%. Year to date, VTI is up 13.60% versus a loss of 13.49% for VTN.
Over three years, VTI compounded at +23.04% per year against +7.81% for VTN; over five years the annualized figures are +12.14% and -1.67% respectively. Across the full 25-year window we track, VTI has the edge at +8.07% annualized vs -0.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.8% for VTN. 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 -56.6% for VTI and -60.5% for VTN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.24. They move largely independently of each other.
Fees and Cost Over Time
VTI charges 0.03% per year while VTN charges 2.69%. On a $10,000 position that is $3 vs $269 annually, a gap of $266 per year that compounds over a long holding period. On income, VTI currently yields 1.03% against 7.94% for VTN.
Holdings Overlap
We hold position weights for 3,463 holdings in VTI and 1 in VTN, totalling 98.1% and 0.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3,463 positions we hold weights for in VTI and 1 in VTN, against full books of 3,543 and 197.
You are not choosing between two funds in isolation.
Whichever of VTI and VTN 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, VTI or VTN?
VTI has an expense ratio of 0.03% while VTN charges 2.69%. VTI is the cheaper option, by $266 a year on a $10,000 investment.
Which performed better, VTI or VTN?
Over the past year VTI returned +18.17% vs -6.36% for VTN, so VTI leads on 1-year performance. Over the longest common window we track (25 years), VTI annualized +8.07% vs -0.82% for VTN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VTI or VTN?
VTI has been the more volatile fund at 15.3% annualized versus 14.8% for VTN. Worst drawdown: VTI -56.6% vs VTN -60.5%.
Should I hold both VTI and VTN?
VTI and VTN have a monthly-return correlation of 0.24, 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, VTI or VTN?
VTI yields 1.03% while VTN yields 7.94%, so VTN currently pays the higher dividend yield.
Is VTN better than VTI?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.