DVY vs. VTI

Last updated Jun 4, 2026

DVY (iShares Select Dividend ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, DVY returned 10.13%/yr vs 15.05%/yr for VTI. Their correlation of 0.82 suggests significant overlap in exposure. DVY charges 0.39%/yr vs 0.03%/yr for VTI.

Performance

DVY vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Select Dividend ETF (DVY) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVY achieves a 9.70% return, which is significantly lower than VTI's 11.20% return. Over the past 10 years, DVY has underperformed VTI with an annualized return of 10.13%, while VTI has yielded a comparatively higher 15.05% annualized return.

DVY

• 1D: -0.76%
• 1M: 0.05%
• YTD: 9.70%
• 6M: 10.36%
• 1Y: 21.04%
• 3Y*: 15.52%
• 5Y*: 8.51%
• 10Y*: 10.13%

VTI

• 1D: -0.72%
• 1M: 4.99%
• YTD: 11.20%
• 6M: 11.09%
• 1Y: 28.18%
• 3Y*: 22.07%
• 5Y*: 12.69%
• 10Y*: 15.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DVY vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DVY iShares Select Dividend ETF	9.70%	11.60%	16.24%	1.12%	1.80%	31.70%	-4.91%	22.62%	-6.36%	14.82%
VTI Vanguard Total Stock Market ETF	11.20%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between DVY and VTI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 10, 2003	0.82

Over the past year, the correlation between DVY and VTI has dropped to 0.49 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

DVY vs. VTI - Sectors Allocation Comparison

Sectors	DVY	VTI
Financial Services	24.9%	12.0%
Utilities	24.2%	2.3%
Consumer Defensive	13.5%	4.7%
Consumer Cyclical	9.4%	10.0%
Energy	9.1%	3.7%
Communication Services	6.0%	10.3%
Healthcare	5.0%	9.2%
Technology	3.4%	33.5%
Basic Materials	2.3%	2.0%
Industrials	2.1%	9.8%
Real Estate	-	2.4%

Return for Risk

DVY vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVY

DVY Risk / Return Rank: 57
DVY Sharpe Ratio Rank: 54
DVY Sortino Ratio Rank: 58
DVY Omega Ratio Rank: 51
DVY Calmar Ratio Rank: 61
DVY Martin Ratio Rank: 60

VTI

VTI Risk / Return Rank: 68
VTI Sharpe Ratio Rank: 69
VTI Sortino Ratio Rank: 68
VTI Omega Ratio Rank: 67
VTI Calmar Ratio Rank: 62
VTI Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVY vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) and Vanguard Total Stock Market ETF (VTI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DVY	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.33	-0.43
Sortino ratio: Return per unit of downside risk	2.79	3.18	-0.39
Omega ratio: Gain probability vs. loss probability	1.32	1.42	-0.09
Calmar ratio: Return relative to maximum drawdown	3.07	3.17	-0.11
Martin ratio: Return relative to average drawdown	10.83	14.62	-3.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DVY vs. VTI - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is 1.90, which is comparable to the VTI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of DVY and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DVY	VTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.33	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.73	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.82	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.51	-0.03

Drawdowns

DVY vs. VTI - Drawdown Comparison

The maximum DVY drawdown since its inception was -62.59%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for DVY and VTI.

Drawdown Indicators

	DVY	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-62.59%	-55.45%	-7.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.89%	-8.92%	+2.03%
Max Drawdown (3Y) Largest decline over 3 years	-16.00%	-19.30%	+3.30%
Max Drawdown (5Y) Largest decline over 5 years	-17.54%	-25.36%	+7.82%
Max Drawdown (10Y) Largest decline over 10 years	-41.59%	-35.00%	-6.59%
Current Drawdown Current decline from peak	-1.96%	-0.72%	-1.24%
Average Drawdown Average peak-to-trough decline	-8.79%	-8.03%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.93%	+0.02%

Volatility

DVY vs. VTI - Volatility Comparison

The current volatility for iShares Select Dividend ETF (DVY) is 2.79%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 2.96%. This indicates that DVY experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVY	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	2.96%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	9.13%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	12.17%	-1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	17.40%	-2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	18.30%	-0.29%

DVY vs. VTI - Expense Ratio Comparison

DVY has a 0.39% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

DVY vs. VTI - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 3.41%, more than VTI's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVY iShares Select Dividend ETF	3.41%	3.65%	3.65%	3.82%	3.43%	3.12%	3.66%	3.41%	3.58%	3.00%	3.04%	3.45%
VTI Vanguard Total Stock Market ETF	1.01%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both DVY and VTI in my portfolio?

DVY and VTI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVY or VTI?

VTI has higher volatility (2.96%) compared to DVY (2.79%). In terms of maximum drawdown, DVY dropped -62.59% vs VTI's -55.45%.

Which ETF is better, DVY or VTI?

On 10-year performance, VTI leads with 15.05% vs 10.13% for DVY. On fees, VTI is cheaper at 0.03% per year. On volatility, DVY has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVY or VTI?

Over the 10-year period, VTI has performed better with a 15.05% return vs 10.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVY or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.39% for DVY.

Which ETF pays a higher dividend yield, DVY or VTI?

DVY has the higher dividend yield at 3.41%, compared with 1.01% for VTI.

What is the main difference between DVY and VTI?

DVY is categorized as Large Cap Value Equities, while VTI is Large Cap Blend Equities. DVY tracks Dow Jones U.S. Select Dividend Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.39% for DVY and 0.03% for VTI.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (2.33 vs 1.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.