PIZ vs VTI
Invesco Dorsey Wright Developed Markets Momentum ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, PIZ or VTI?
Large Cap Growth against Large Cap Blend.
VTI has a lower expense ratio. PIZ led over 3Y, VTI over 1Y, 5Y and the full window. PIZ is less concentrated, with 24.9% of the fund in its ten largest positions against 33.5%.
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 | PIZ | VTI |
|---|---|---|
| Expense Ratio | 0.80% | 0.03%Best |
| AUM | $632M | $689.2B |
| Dividend Yield | 1.76% | 1.06% |
| Holdings | 232 | 3,524 |
| YTD Return | +2.58% | +13.02%Best |
| 1Y Return | +7.93% | +16.63%Best |
| 3Y Return (annualized) | +22.79%Best | +21.97% |
| 5Y Return (annualized) | +7.44% | +11.99%Best |
| Volatility (annualized) | 20.4% | 16.1%Best |
| Max Drawdown | -61.1% | -53.8%Best |
| $10,000 over 5 years | $14,316 | $17,616Best |
| Top 10 Weight | 24.9%Best | 33.5% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Dec 28, 2007 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Dec 28, 2007 to Oct 14, 2026 (18.8 years).
PIZ 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 18.8 years both funds cover.
PIZ vs VTI Performance
Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year PIZ returned +7.93% while VTI returned +16.63%. Year to date, PIZ is up 2.58% versus a gain of 13.02% for VTI.
Over three years, PIZ compounded at +22.79% per year against +21.97% for VTI; over five years the annualized figures are +7.44% and +11.99% respectively. Across the full 19-year window we track, VTI has the edge at +9.59% annualized vs +4.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PIZ has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 16.1% 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 -61.1% for PIZ and -53.8% 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PIZ charges 0.80% per year while VTI charges 0.03%. On a $10,000 position that is $80 vs $3 annually, a gap of $77 per year that compounds over a long holding period. On income, PIZ currently yields 1.76% against 1.06% for VTI.
Holdings Overlap
We hold position weights for 101 holdings in PIZ and 3,441 in VTI, totalling 99.2% and 98.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 101 positions we hold weights for in PIZ and 3,441 in VTI, against full books of 232 and 3,524.
What only one of them owns
Our book lists 1,156 positions for VTI that do not appear in our book for PIZ (97.6% of the fund), and 5 for PIZ that do not appear in VTI (6.3%).
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.
You are not choosing between two funds in isolation.
Whichever of PIZ and VTI 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, PIZ or VTI?
PIZ has an expense ratio of 0.80% while VTI charges 0.03%. VTI is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, PIZ or VTI?
Over the past year PIZ returned +7.93% vs +16.63% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (19 years), PIZ annualized +4.25% vs +9.59% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PIZ or VTI?
PIZ has been the more volatile fund at 20.4% annualized versus 16.1% for VTI. Worst drawdown: PIZ -61.1% vs VTI -53.8%.
Should I hold both PIZ and VTI?
PIZ and VTI have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PIZ or VTI?
PIZ yields 1.76% while VTI yields 1.06%, so PIZ currently pays the higher dividend yield.
Is VTI better than PIZ?
VTI has a lower expense ratio. PIZ led over 3Y, VTI over 1Y, 5Y and the full window. PIZ is less concentrated, with 24.9% of the fund in its ten largest positions against 33.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.