CVIE vs VXUS
Calvert International Responsible Index ETF vs Vanguard Total International Stock ETF
Which is better, CVIE or VXUS?
Nearly the same fund. VXUS costs less.
VXUS has a lower expense ratio. CVIE led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97.
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 | CVIE | VXUS |
|---|---|---|
| Expense Ratio | 0.18% | 0.05%Best |
| AUM | $490M | $163.2B |
| Dividend Yield | 2.39% | 2.34% |
| Holdings | 1,441 | 8,844 |
| YTD Return | +13.54%Best | +10.00% |
| 1Y Return | +20.96%Best | +17.01% |
| 3Y Return (annualized) | +21.76%Best | +19.55% |
| 5Y Return (annualized) | - | +8.55% |
| Volatility (annualized) | 13.8% | 12.1%Best |
| Max Drawdown | -13.5%Best | -13.6% |
| $10,000 over 3.7 years | $17,534Best | $16,392 |
| Fund Family | Calvert | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | Jan 26, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVIE vs VXUS 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 3.7 years both funds cover.
CVIE vs VXUS Performance
Calvert International Responsible Index ETF (CVIE) is an ETF from Calvert and Vanguard Total International Stock ETF (VXUS) is an ETF from Vanguard (US). Over the past year CVIE returned +20.96% while VXUS returned +17.01%. Year to date, CVIE is up 13.54% versus a gain of 10.00% for VXUS.
Over three years, CVIE compounded at +21.76% per year against +19.55% for VXUS. Across the full 4-year window we track, CVIE has the edge at +16.39% annualized vs +14.29%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVIE has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 12.1% for VXUS. 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 -13.5% for CVIE and -13.6% for VXUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVIE charges 0.18% per year while VXUS charges 0.05%. On a $10,000 position that is $18 vs $5 annually, a gap of $13 per year that compounds over a long holding period. On income, CVIE currently yields 2.39% against 2.34% for VXUS.
Holdings Overlap
At least 68.1% of CVIE's money is in holdings VXUS also owns.
Stated as a floor: for VXUS, our book for it covers 91.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
488 positions in common, counted across the 723 positions we hold weights for in CVIE and 8,425 in VXUS, against full books of 1,441 and 8,844.
Top Shared Holdings
| Stock | Weight in CVIE | Weight in VXUS | Difference |
|---|---|---|---|
| 005930:KRSamsung Electronics (Equity) | 3.41% | 1.90% | 1.51% |
| 000660:KRSk Hynix Inc Common Stock KRW 5000 | 2.59% | 1.46% | 1.13% |
| ASML:ASASML HOLDING NV | 2.32% | 1.42% | 0.90% |
| HSBA:LNHsbc Holdings Plc | 1.09% | 0.77% | 0.32% |
| ROP:SMRoche Ps Par Ag | 1.06% | 0.67% | 0.39% |
| RY:CARoyal Bank of Canada | 0.96% | 0.62% | 0.34% |
| NOVN:SMNovartis Ag Ordinary Shares | 0.92% | 0.62% | 0.30% |
| AZN:LNAstraZeneca PLC | 0.89% | 0.53% | 0.36% |
| SIE:SGSiemens N Ag | 0.87% | 0.53% | 0.34% |
| NESN:SMNestle Sa | 0.83% | 0.55% | 0.28% |
68.1% of CVIE is already inside VXUS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, CVIE or VXUS?
CVIE has an expense ratio of 0.18% while VXUS charges 0.05%. VXUS is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, CVIE or VXUS?
Over the past year CVIE returned +20.96% vs +17.01% for VXUS, so CVIE leads on 1-year performance. Over the longest common window we track (4 years), CVIE annualized +16.39% vs +14.29% for VXUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVIE or VXUS?
CVIE has been the more volatile fund at 13.8% annualized versus 12.1% for VXUS. Worst drawdown: CVIE -13.5% vs VXUS -13.6%.
Should I hold both CVIE and VXUS?
CVIE and VXUS have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CVIE and VXUS?
At least 68.1% of CVIE's money is in holdings VXUS also owns. Our book for VXUS is partial, so the real figure is this or higher. They hold 488 positions in common, counted across the 723 positions we hold weights for in CVIE and 8,425 in VXUS.
Which pays a higher dividend, CVIE or VXUS?
CVIE yields 2.39% while VXUS yields 2.34%, so CVIE currently pays the higher dividend yield.
Is VXUS better than CVIE?
VXUS has a lower expense ratio. CVIE led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.