PSP vs VTI
Invesco Global Listed Private Equity ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, PSP or VTI?
Mid Cap Growth against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 44.1%.
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 | PSP | VTI |
|---|---|---|
| Expense Ratio | 1.75% | 0.03%Best |
| AUM | $213M | $689.2B |
| Dividend Yield | 5.55% | 1.06% |
| Holdings | 154 | 3,524 |
| YTD Return | -15.93% | +13.02%Best |
| 1Y Return | -14.95% | +16.63%Best |
| 3Y Return (annualized) | +8.75% | +21.97%Best |
| 5Y Return (annualized) | -1.57% | +11.99%Best |
| Volatility (annualized) | 25.4% | 15.8%Best |
| Max Drawdown | -87.1% | -56.6%Best |
| $10,000 over 5 years | $9,239 | $17,616Best |
| Top 10 Weight | 44.1% | 33.5%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Oct 24, 2006 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Oct 24, 2006 to Oct 14, 2026 (20 years).
PSP 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 years both funds cover.
PSP vs VTI Performance
Invesco Global Listed Private Equity ETF (PSP) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year PSP returned -14.95% while VTI returned +16.63%. Year to date, PSP is down 15.93% versus a gain of 13.02% for VTI.
Over three years, PSP compounded at +8.75% per year against +21.97% for VTI; over five years the annualized figures are -1.57% and +11.99% respectively. Across the full 20-year window we track, VTI has the edge at +9.38% annualized vs -2.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSP has been the more volatile fund, with annualized monthly volatility of 25.4% compared with 15.8% 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 -87.1% for PSP 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSP charges 1.75% per year while VTI charges 0.03%. On a $10,000 position that is $175 vs $3 annually, a gap of $172 per year that compounds over a long holding period. On income, PSP currently yields 5.55% against 1.06% for VTI.
Holdings Overlap
32.3% of PSP's money is in holdings VTI also owns. 0.4% of VTI's money is in holdings PSP also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 64 positions we hold weights for in PSP and 3,441 in VTI, against full books of 154 and 3,524.
What only one of them owns
Our book lists 1,147 positions for VTI that do not appear in our book for PSP (97.2% of the fund), and 20 for PSP that do not appear in VTI (16.1%).
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 PSP | Weight in VTI | Difference |
|---|---|---|---|
| EQTEqt Corp | 4.48% | 0.05% | 4.43% |
| KKRKkr & Co. | 4.40% | 0.10% | 4.30% |
| TPGTpg Inc | 4.45% | 0.01% | 4.44% |
| BXBlackstone Inc_None_0 | 4.30% | 0.14% | 4.16% |
| OWLBlue Owl Capital, Inc. Class A | 3.84% | 0.01% | 3.83% |
| CGCarlyle Group Inc. | 2.57% | 0.02% | 2.55% |
| RFRegions Financial Corp. | 2.20% | 0.03% | 2.17% |
| GHCGraham Holdings Co | 1.96% | 0.00% | 1.96% |
| STEPStepstone Group Lp | 1.72% | 0.01% | 1.71% |
| HLNEHamilton Lane Inc | 1.64% | 0.01% | 1.63% |
32.3% of PSP 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, PSP or VTI?
PSP has an expense ratio of 1.75% while VTI charges 0.03%. VTI is the cheaper option, by $172 a year on a $10,000 investment.
Which performed better, PSP or VTI?
Over the past year PSP returned -14.95% vs +16.63% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (20 years), PSP annualized -2.41% vs +9.38% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSP or VTI?
PSP has been the more volatile fund at 25.4% annualized versus 15.8% for VTI. Worst drawdown: PSP -87.1% vs VTI -56.6%.
Should I hold both PSP and VTI?
PSP and VTI have a monthly-return correlation of 0.89, 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 PSP and VTI?
32.3% of PSP's money is in holdings VTI also owns. 0.4% of VTI's is in holdings PSP also owns. They hold 13 positions in common, counted across the 64 positions we hold weights for in PSP and 3,441 in VTI.
Which pays a higher dividend, PSP or VTI?
PSP yields 5.55% while VTI yields 1.06%, so PSP currently pays the higher dividend yield.
Is VTI better than PSP?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 44.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.