IAT vs VTI
iShares US Regional Banks ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, IAT or VTI?
Mid Cap Value against Large Cap Blend.
VTI has a lower expense ratio. IAT led over 3Y, VTI over 1Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 69.1%.
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 | IAT | VTI |
|---|---|---|
| Expense Ratio | 0.37% | 0.03%Best |
| AUM | $611M | $689.2B |
| Dividend Yield | 2.87% | 1.06% |
| Holdings | 34 | 3,524 |
| YTD Return | +2.96% | +13.02%Best |
| 1Y Return | +13.36% | +16.63%Best |
| 3Y Return (annualized) | +23.17%Best | +21.97% |
| 5Y Return (annualized) | +1.04% | +11.99%Best |
| Volatility (annualized) | 25.4% | 15.7%Best |
| Max Drawdown | -78.8% | -56.6%Best |
| $10,000 over 5 years | $10,531 | $17,616Best |
| Top 10 Weight | 69.1% | 33.5%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | May 1, 2006 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: May 5, 2006 to Oct 14, 2026 (20.4 years).
IAT vs VTI 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 20.4 years both funds cover.
IAT vs VTI Performance
iShares US Regional Banks ETF (IAT) is an ETF from iShares by BlackRock (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year IAT returned +13.36% while VTI returned +16.63%. Year to date, IAT is up 2.96% versus a gain of 13.02% for VTI.
Over three years, IAT compounded at +23.17% per year against +21.97% for VTI; over five years the annualized figures are +1.04% and +11.99% respectively. Across the full 20-year window we track, VTI has the edge at +9.30% annualized vs +1.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IAT has been the more volatile fund, with annualized monthly volatility of 25.4% compared with 15.7% for VTI. 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 -78.8% for IAT and -56.6% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IAT charges 0.37% per year while VTI charges 0.03%. On a $10,000 position that is $37 vs $3 annually, a gap of $34 per year that compounds over a long holding period. On income, IAT currently yields 2.87% against 1.06% for VTI.
Holdings Overlap
99.8% of IAT's money is in holdings VTI also owns. 0.8% of VTI's money is in holdings IAT also owns.
Most of IAT is already inside VTI. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 31 positions we hold weights for in IAT and 3,441 in VTI, against full books of 34 and 3,524.
What only one of them owns
Measured across the 31 and 3,441 positions we hold weights for.
VTI holds 1,127 positions IAT does not, 96.7% of the fund.
Largest: NVDA 6.88%, AAPL 6.30%, MSFT 5.11%, AMZN 3.41%, GOOGL 2.70%
Top Shared Holdings
| Stock | Weight in IAT | Weight in VTI | Difference |
|---|---|---|---|
| USBUS Bancorp | 15.06% | 0.13% | 14.93% |
| PNCPnc Financial Services Group Inc. | 14.84% | 0.13% | 14.71% |
| TFCTruist Financial Corp. | 9.54% | 0.08% | 9.46% |
| FITBFifth Third Bancorp | 5.10% | 0.07% | 5.03% |
| CFGCitizens Financial Group Inc. | 4.45% | 0.04% | 4.41% |
| HBANHuntington Bancshares Inc./Oh | 4.42% | 0.05% | 4.37% |
| MTBM&t Bank Corp. | 4.42% | 0.05% | 4.37% |
| RFRegions Financial Corp. | 4.34% | 0.03% | 4.31% |
| FCNCAFirst-Citizens Bank & Trust Company | 3.46% | 0.02% | 3.44% |
| KEYKeycorp | 3.44% | 0.03% | 3.41% |
99.8% of IAT is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IAT or VTI?
IAT has an expense ratio of 0.37% while VTI charges 0.03%. VTI is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, IAT or VTI?
Over the past year IAT returned +13.36% vs +16.63% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (20 years), IAT annualized +1.43% vs +9.30% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IAT or VTI?
IAT has been the more volatile fund at 25.4% annualized versus 15.7% for VTI. Worst drawdown: IAT -78.8% vs VTI -56.6%.
Should I hold both IAT and VTI?
IAT and VTI have a monthly-return correlation of 0.68, 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 IAT and VTI?
99.8% of IAT's money is in holdings VTI also owns. 0.8% of VTI's is in holdings IAT also owns. They hold 30 positions in common, counted across the 31 positions we hold weights for in IAT and 3,441 in VTI.
Which pays a higher dividend, IAT or VTI?
IAT yields 2.87% while VTI yields 1.06%, so IAT currently pays the higher dividend yield.
Is VTI better than IAT?
VTI has a lower expense ratio. IAT led over 3Y, VTI over 1Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 69.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.