KBWB vs VTI
Invesco KBW Bank ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, KBWB or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. KBWB 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 59.6%.
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 | KBWB | VTI |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $6.1B | $689.2B |
| Dividend Yield | 2.14% | 1.06% |
| Holdings | 62 | 3,524 |
| YTD Return | +1.34% | +13.02%Best |
| 1Y Return | +14.42% | +16.63%Best |
| 3Y Return (annualized) | +32.65%Best | +21.97% |
| 5Y Return (annualized) | +7.19% | +11.99%Best |
| Volatility (annualized) | 23.9% | 14.3%Best |
| Max Drawdown | -52.0% | -35.0%Best |
| $10,000 over 5 years | $14,150 | $17,616Best |
| Top 10 Weight | 59.6% | 33.5%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Nov 1, 2011 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Nov 1, 2011 to Oct 14, 2026 (15 years).
KBWB 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 15 years both funds cover.
KBWB vs VTI Performance
Invesco KBW Bank ETF (KBWB) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year KBWB returned +14.42% while VTI returned +16.63%. Year to date, KBWB is up 1.34% versus a gain of 13.02% for VTI.
Over three years, KBWB compounded at +32.65% per year against +21.97% for VTI; over five years the annualized figures are +7.19% and +11.99% respectively. Across the full 15-year window we track, VTI has the edge at +13.36% annualized vs +11.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWB has been the more volatile fund, with annualized monthly volatility of 23.9% compared with 14.3% 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 -52.0% for KBWB and -35.0% 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KBWB charges 0.35% per year while VTI charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, KBWB currently yields 2.14% against 1.06% for VTI.
Holdings Overlap
96.0% of KBWB's money is in holdings VTI also owns. 4.2% of VTI's money is in holdings KBWB also owns.
Most of KBWB is already inside VTI. Owning both mostly buys the same companies twice.
23 positions in common, counted across the 25 positions we hold weights for in KBWB and 3,441 in VTI, against full books of 62 and 3,524.
What only one of them owns
Our book lists 1,133 positions for VTI that do not appear in our book for KBWB (93.4% of the fund), and 2 for KBWB that do not appear in VTI (4.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in KBWB | Weight in VTI | Difference |
|---|---|---|---|
| JPMJpmorgan Chase & Co | 8.10% | 1.29% | 6.81% |
| WFCWells Fargo And Co Preferred Stock Var | 8.08% | 0.36% | 7.72% |
| MSMorgan Stanley | 7.74% | 0.34% | 7.40% |
| BACBank Amer Secs Inc | 7.52% | 0.54% | 6.98% |
| GSGoldman Sachs & Co Llc | 7.63% | 0.38% | 7.25% |
| CCitigroup Inc. | 4.23% | 0.30% | 3.93% |
| USBUS Bancorp | 4.09% | 0.13% | 3.96% |
| FITBFifth Third Bancorp | 4.14% | 0.07% | 4.07% |
| TFCTruist Financial Corp. | 4.06% | 0.08% | 3.98% |
| PNCPnc Financial Services Group Inc. | 4.00% | 0.13% | 3.87% |
96.0% of KBWB 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, KBWB or VTI?
KBWB has an expense ratio of 0.35% while VTI charges 0.03%. VTI is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, KBWB or VTI?
Over the past year KBWB returned +14.42% vs +16.63% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (15 years), KBWB annualized +11.38% vs +13.36% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KBWB or VTI?
KBWB has been the more volatile fund at 23.9% annualized versus 14.3% for VTI. Worst drawdown: KBWB -52.0% vs VTI -35.0%.
Should I hold both KBWB and VTI?
KBWB and VTI have a monthly-return correlation of 0.73, 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 KBWB and VTI?
96.0% of KBWB's money is in holdings VTI also owns. 4.2% of VTI's is in holdings KBWB also owns. They hold 23 positions in common, counted across the 25 positions we hold weights for in KBWB and 3,441 in VTI.
Which pays a higher dividend, KBWB or VTI?
KBWB yields 2.14% while VTI yields 1.06%, so KBWB currently pays the higher dividend yield.
Is VTI better than KBWB?
VTI has a lower expense ratio. KBWB 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 59.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.