IAT vs. VTI

Last updated Jun 24, 2026

IAT (iShares U.S. Regional Banks ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - IAT is a Financials Equities fund tracking the Dow Jones U.S. Select Regional Banks 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, IAT returned 9.74%/yr vs 15.14%/yr for VTI. A 0.70 correlation means they provide meaningful diversification when combined. IAT charges 0.42%/yr vs 0.03%/yr for VTI.

Performance

IAT vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Regional Banks ETF (IAT) 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, IAT achieves a 11.98% return, which is significantly higher than VTI's 8.82% return. Over the past 10 years, IAT has underperformed VTI with an annualized return of 9.74%, while VTI has yielded a comparatively higher 15.14% annualized return.

IAT

• 1D: 1.65%
• 1M: 7.24%
• YTD: 11.98%
• 6M: 9.77%
• 1Y: 31.31%
• 3Y*: 27.52%
• 5Y*: 4.34%
• 10Y*: 9.74%

VTI

• 1D: -1.39%
• 1M: -0.84%
• YTD: 8.82%
• 6M: 7.71%
• 1Y: 24.22%
• 3Y*: 20.62%
• 5Y*: 11.90%
• 10Y*: 15.14%

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

IAT vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IAT iShares U.S. Regional Banks ETF	11.98%	13.05%	24.36%	-8.53%	-20.61%	38.89%	-7.60%	31.38%	-17.45%	10.42%
VTI Vanguard Total Stock Market ETF	8.82%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between IAT and VTI is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since May 5, 2006	0.70

Over the past year, the correlation between IAT and VTI has dropped to 0.45 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

IAT vs. VTI - Sectors Allocation Comparison

Sectors	IAT	VTI
Financial Services	100.0%	11.3%
Basic Materials	-	1.9%
Communication Services	-	9.8%
Consumer Cyclical	-	9.7%
Consumer Defensive	-	4.3%
Energy	-	3.3%
Healthcare	-	9.0%
Industrials	-	9.4%
Real Estate	-	2.3%
Technology	-	37.0%
Utilities	-	2.1%

Return for Risk

IAT vs. VTI — Risk / Return Rank

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

IAT

IAT Risk / Return Rank: 39
IAT Sharpe Ratio Rank: 43
IAT Sortino Ratio Rank: 41
IAT Omega Ratio Rank: 42
IAT Calmar Ratio Rank: 38
IAT Martin Ratio Rank: 33

VTI

VTI Risk / Return Rank: 59
VTI Sharpe Ratio Rank: 58
VTI Sortino Ratio Rank: 56
VTI Omega Ratio Rank: 57
VTI Calmar Ratio Rank: 57
VTI Martin Ratio Rank: 68

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.

IAT vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IAT	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.90	-0.47
Sortino ratio: Return per unit of downside risk	1.97	2.59	-0.62
Omega ratio: Gain probability vs. loss probability	1.26	1.34	-0.08
Calmar ratio: Return relative to maximum drawdown	1.80	2.73	-0.93
Martin ratio: Return relative to average drawdown	4.57	12.14	-7.57

IAT vs. VTI - Sharpe Ratio Comparison

The current IAT Sharpe Ratio is 1.43, which is comparable to the VTI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of IAT 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.

Drawdowns

IAT vs. VTI - Drawdown Comparison

The maximum IAT drawdown since its inception was -77.22%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for IAT and VTI.

Drawdown Indicators

	IAT	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-77.22%	-55.45%	-21.77%
Max Drawdown (1Y) Largest decline over 1 year	-17.49%	-8.92%	-8.57%
Max Drawdown (3Y) Largest decline over 3 years	-29.29%	-19.30%	-9.99%
Max Drawdown (5Y) Largest decline over 5 years	-55.55%	-25.36%	-30.19%
Max Drawdown (10Y) Largest decline over 10 years	-55.55%	-35.00%	-20.55%
Current Drawdown Current decline from peak	-1.69%	-2.85%	+1.16%
Average Drawdown Average peak-to-trough decline	-26.91%	-8.01%	-18.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.87%	2.00%	+4.87%

Volatility

IAT vs. VTI - Volatility Comparison

iShares U.S. Regional Banks ETF (IAT) has a higher volatility of 6.82% compared to Vanguard Total Stock Market ETF (VTI) at 4.95%. This indicates that IAT's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAT	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	4.95%	+1.87%
Volatility (6M) Calculated over the trailing 6-month period	16.15%	10.05%	+6.10%
Volatility (1Y) Calculated over the trailing 1-year period	22.02%	12.83%	+9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.96%	17.51%	+11.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.73%	18.32%	+12.41%

IAT vs. VTI - Expense Ratio Comparison

IAT has a 0.42% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

IAT vs. VTI - Dividend Comparison

IAT's dividend yield for the trailing twelve months is around 2.65%, more than VTI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAT iShares U.S. Regional Banks ETF	2.65%	2.94%	2.95%	3.56%	3.12%	1.88%	2.87%	2.49%	2.48%	1.55%	1.52%	1.78%
VTI Vanguard Total Stock Market ETF	1.04%	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 IAT and VTI in my portfolio?

IAT and VTI have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IAT or VTI?

IAT has higher volatility (6.82%) compared to VTI (4.95%). In terms of maximum drawdown, IAT dropped -77.22% vs VTI's -55.45%.

Which ETF is better, IAT or VTI?

On 10-year performance, VTI leads with 15.14% vs 9.74% for IAT. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 4.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IAT or VTI?

Over the 10-year period, VTI has performed better with a 15.14% return vs 9.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IAT or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.42% for IAT.

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

IAT has the higher dividend yield at 2.65%, compared with 1.04% for VTI.

What is the main difference between IAT and VTI?

IAT is categorized as Financials Equities, while VTI is Large Cap Blend Equities. IAT tracks Dow Jones U.S. Select Regional Banks Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.42% for IAT and 0.03% for VTI.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.90 vs 1.43), 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.