VTILX vs VTV
Vanguard Total International Bond II Index Fund Class Institutional vs Vanguard Morningstar Value ETF
Which is better, VTILX or VTV?
VTV costs less.
VTV has a lower expense ratio.
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 | VTILX | VTV |
|---|---|---|
| Expense Ratio | 0.07% | 0.03%Best |
| AUM | $141.9B | $187.8B |
| Dividend Yield | 4.19% | 1.85% |
| Holdings | 7,415 | 311 |
| YTD Price Return | -2.11% | +17.74% |
| 1Y Price Return | -3.41% | +24.88% |
| 3Y Price Return (annualized) | -0.75% | +16.79% |
| 5Y Price Return (annualized) | - | +9.86% |
| Volatility (annualized) | 6.0%Best | 14.0% |
| Max Drawdown | -15.3%Best | -18.1% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Value |
| Inception | Feb 17, 2021 | Jan 26, 2004 |
Not shown on this pair: $10,000 over 4.9 years, Top 10 Weight.
A price return is not the return of a fund that pays its income out. The coupon or distribution never appears in the price, so the return rows carry no winner here. VTILX currently yields 4.19% and VTV 1.85%.
Volatility and max drawdown, and the $10,000 over 4.9 years row, are measured over the window both funds cover: Oct 25, 2021 to Sep 2, 2026 (4.9 years).
VTILX vs VTV Performance
Vanguard Total International Bond II Index Fund Class Institutional (VTILX) is a mutual fund from Vanguard (US) and Vanguard Morningstar Value ETF (VTV) is an ETF from Vanguard (US). Over the past year VTILX's price moved -3.41% and VTV's +24.88%, before the income each one paid out.
Over three years, VTILX compounded at -0.75% per year against +16.79% for VTV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTV has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 6.0% for VTILX. 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 -15.3% for VTILX and -18.1% for VTV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
VTILX charges 0.07% per year while VTV charges 0.03%. On a $10,000 position that is $7 vs $3 annually, a gap of $4 per year that compounds over a long holding period. On income, VTILX currently yields 4.19% against 1.85% for VTV.
Structure and taxes
VTILX is a mutual fund and VTV is an ETF. A mutual fund prices once a day at net asset value and may carry a purchase minimum. An ETF trades through the day at whatever the market pays for it.
In a taxable account the difference that usually matters is distributions. An ETF can meet redemptions in kind, so it rarely has to sell holdings and rarely passes a capital gain to the people who held it; a mutual fund that sells holdings to meet redemptions can distribute a realised gain at year end to everyone still in the fund, whether or not they sold anything themselves. In a tax-deferred account that difference largely disappears. Both are descriptions of how the two wrappers work, not a recommendation.
Tax-loss harvesting works on either wrapper.
Holdings Overlap
At least 10.6% of VTV's money is in holdings VTILX also owns.
Stated as a floor: for VTILX, our book for it covers 7.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VTV and VTILX share little of their money.
The two holdings books were reported 242 days apart, VTILX as of Oct 31, 2025 and VTV as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
9 positions in common, counted across the 1,459 positions we hold weights for in VTILX and 308 in VTV, against full books of 7,415 and 311.
Top Shared Holdings
| Stock | Weight in VTILX | Weight in VTV | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 0.01% | 3.06% | 3.05% |
| WMTWalmart, Inc. | 0.00% | 1.86% | 1.86% |
| ABBVAbbvie Inc. | 0.00% | 1.66% | 1.66% |
| PGProcter & Gamble Company | 0.00% | 1.28% | 1.28% |
| GSGoldman Sachs Group Inc/The | 0.00% | 1.06% | 1.06% |
| CCitigroup Inc. | 0.00% | 0.85% | 0.85% |
| MCKMckesson Corp. | 0.00% | 0.34% | 0.34% |
| UPSUnited Parcel Service, Inc | 0.01% | 0.30% | 0.29% |
| NDAQNasdaq Inc. | 0.00% | 0.15% | 0.15% |
You are not choosing between two funds in isolation.
Whichever of VTILX and VTV 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, VTILX or VTV?
VTILX has an expense ratio of 0.07% while VTV charges 0.03%. VTV is the cheaper option, by $4 a year on a $10,000 investment.
Which is riskier, VTILX or VTV?
VTV has been the more volatile fund at 14.0% annualized versus 6.0% for VTILX. Worst drawdown: VTILX -15.3% vs VTV -18.1%.
Should I hold both VTILX and VTV?
VTILX and VTV have a monthly-return correlation of 0.58, 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 VTILX and VTV?
At least 10.6% of VTV's money is in holdings VTILX also owns. Our book for VTILX is partial, so the real figure is this or higher. They hold 9 positions in common, counted across the 1,459 positions we hold weights for in VTILX and 308 in VTV.
Which pays a higher dividend, VTILX or VTV?
VTILX yields 4.19% while VTV yields 1.85%, so VTILX currently pays the higher dividend yield.
Is it better to hold VTILX or VTV in a taxable account?
VTV is an ETF and VTILX is a mutual fund. An ETF can meet redemptions in kind, so it rarely distributes a capital gain to the people holding it. A mutual fund that sells holdings to meet redemptions can pass a realised gain to every holder at year end. In a tax-deferred account that difference largely disappears. This is information, not a recommendation.
Is VTV better than VTILX?
VTV has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.