VTV vs VWIUX
Vanguard Morningstar Value ETF vs Vanguard Intermediate Term Tax-Exempt Fund admiral class
Quick Verdict
VTV has a lower expense ratio. VTV delivered stronger 1-year returns. VWIUX offers more diversification with 15,066 holdings.
Side-by-Side Comparison
| Metric | VTV | VWIUX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.09% | |
| AUM | $187.8B | $86.4B | |
| Dividend Yield | 1.85% | 3.13% | |
| Holdings | 311 | 15,066 | |
| YTD Return | +18.65% | -1.81% | |
| 1Y Return | +27.73% | +0.89% | |
| 3Y Return (annualized) | +19.75% | +0.67% | |
| 5Y Return (annualized) | +12.58% | -1.82% | |
| Volatility (annualized) | 14.5% | 5.4% | |
| Max Drawdown | -61.3% | -16.1% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Tax Preferred | |
| Inception | Jan 26, 2004 | Feb 12, 2001 |
VTV vs VWIUX Performance
Vanguard Morningstar Value ETF (VTV) is a ETF from Vanguard (US) and Vanguard Intermediate Term Tax-Exempt Fund admiral class (VWIUX) is a mutual fund from Vanguard (US). Over the past year VTV returned +27.73% while VWIUX returned +0.89%. Year to date, VTV is up 18.65% versus a loss of 1.81% for VWIUX.
Over three years, VTV compounded at +19.75% per year against +0.67% for VWIUX; over five years the annualized figures are +12.58% and -1.82% respectively. Across the full 5-year window we track, VTV has the edge at +7.62% annualized vs -1.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTV has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 5.4% for VWIUX. 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 -61.3% for VTV and -16.1% for VWIUX. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VTV charges 0.03% per year while VWIUX charges 0.09%. On a $10,000 position that is $3 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, VTV currently yields 1.85% against 3.13% for VWIUX.
Holdings Overlap
VTV and VWIUX share 0 holdings out of 2071 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, VTV or VWIUX?
VTV has an expense ratio of 0.03% while VWIUX charges 0.09%. VTV is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, VTV or VWIUX?
Over the past year VTV returned +27.73% vs +0.89% for VWIUX, so VTV leads on 1-year performance. Over the longest common window we track (5 years), VTV annualized +7.62% vs -1.82% for VWIUX. Past performance does not guarantee future results.
Which is riskier, VTV or VWIUX?
VTV has been the more volatile fund at 14.5% annualized versus 5.4% for VWIUX. Worst drawdown: VTV -61.3% vs VWIUX -16.1%.
Should I hold both VTV and VWIUX?
VTV and VWIUX have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VTV and VWIUX?
VTV and VWIUX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2071 unique securities.
Which pays a higher dividend, VTV or VWIUX?
VTV yields 1.85% while VWIUX yields 3.13%, so VWIUX currently pays the higher dividend yield.
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