SHE vs. VTI

Last updated Jun 24, 2026

SHE (SPDR SSGA Gender Diversity Index ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - SHE is a Large Cap Growth Equities fund tracking the SSGA Gender Diversity (TR), 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, SHE returned 12.78%/yr vs 15.14%/yr for VTI. Their correlation of 0.93 suggests significant overlap in exposure. SHE charges 0.20%/yr vs 0.03%/yr for VTI.

Performance

SHE vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA Gender Diversity Index ETF (SHE) 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, SHE achieves a 16.68% return, which is significantly higher than VTI's 8.82% return. Over the past 10 years, SHE has underperformed VTI with an annualized return of 12.78%, while VTI has yielded a comparatively higher 15.14% annualized return.

SHE

• 1D: -1.22%
• 1M: 1.20%
• YTD: 16.68%
• 6M: 16.31%
• 1Y: 28.00%
• 3Y*: 22.78%
• 5Y*: 10.14%
• 10Y*: 12.78%

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)

SHE vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHE SPDR SSGA Gender Diversity Index ETF	16.68%	15.50%	23.35%	22.37%	-21.73%	15.17%	17.93%	23.63%	-3.48%	19.56%
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 SHE and VTI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 8, 2016	0.93

The correlation between SHE and VTI has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

SHE vs. VTI - Sectors Allocation Comparison

Sectors	SHE	VTI
Technology	36.5%	37.0%
Financial Services	11.6%	11.3%
Consumer Cyclical	10.3%	9.7%
Communication Services	10.1%	9.8%
Healthcare	8.8%	9.0%
Industrials	8.0%	9.4%
Consumer Defensive	4.6%	4.3%
Energy	3.3%	3.3%
Utilities	2.9%	2.1%
Real Estate	1.9%	2.3%
Basic Materials	1.8%	1.9%

Return for Risk

SHE vs. VTI — Risk / Return Rank

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

SHE

SHE Risk / Return Rank: 69
SHE Sharpe Ratio Rank: 68
SHE Sortino Ratio Rank: 68
SHE Omega Ratio Rank: 64
SHE Calmar Ratio Rank: 70
SHE Martin Ratio Rank: 73

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.

SHE vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Gender Diversity Index ETF (SHE) 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.

	SHE	VTI	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.90	+0.19
Sortino ratio: Return per unit of downside risk	2.92	2.59	+0.33
Omega ratio: Gain probability vs. loss probability	1.36	1.34	+0.02
Calmar ratio: Return relative to maximum drawdown	3.29	2.73	+0.57
Martin ratio: Return relative to average drawdown	12.91	12.14	+0.77

SHE vs. VTI - Sharpe Ratio Comparison

The current SHE Sharpe Ratio is 2.09, which is comparable to the VTI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of SHE 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

SHE vs. VTI - Drawdown Comparison

The maximum SHE drawdown since its inception was -35.80%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for SHE and VTI.

Drawdown Indicators

	SHE	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-35.80%	-55.45%	+19.65%
Max Drawdown (1Y) Largest decline over 1 year	-8.54%	-8.92%	+0.38%
Max Drawdown (3Y) Largest decline over 3 years	-17.07%	-19.30%	+2.23%
Max Drawdown (5Y) Largest decline over 5 years	-31.69%	-25.36%	-6.33%
Max Drawdown (10Y) Largest decline over 10 years	-35.80%	-35.00%	-0.80%
Current Drawdown Current decline from peak	-2.98%	-2.85%	-0.13%
Average Drawdown Average peak-to-trough decline	-6.28%	-8.01%	+1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	2.00%	+0.17%

Volatility

SHE vs. VTI - Volatility Comparison

SPDR SSGA Gender Diversity Index ETF (SHE) and Vanguard Total Stock Market ETF (VTI) have volatilities of 5.16% and 4.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHE	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	4.95%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	11.03%	10.05%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	13.46%	12.83%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.31%	17.51%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	18.32%	-0.26%

SHE vs. VTI - Expense Ratio Comparison

SHE has a 0.20% expense ratio, which is higher than VTI's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SHE vs. VTI - Dividend Comparison

SHE's dividend yield for the trailing twelve months is around 1.09%, more than VTI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SHE SPDR SSGA Gender Diversity Index ETF	1.09%	1.18%	1.14%	1.37%	1.54%	0.99%	1.24%	1.91%	7.39%	5.37%	6.41%	0.00%
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 SHE and VTI in my portfolio?

With a correlation of 0.91, SHE and VTI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SHE or VTI?

SHE has higher volatility (5.16%) compared to VTI (4.95%). In terms of maximum drawdown, SHE dropped -35.80% vs VTI's -55.45%.

Which ETF is better, SHE or VTI?

On 10-year performance, VTI leads with 15.14% vs 12.78% for SHE. 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, SHE or VTI?

Over the 10-year period, VTI has performed better with a 15.14% return vs 12.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHE or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.20% for SHE.

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

SHE has the higher dividend yield at 1.09%, compared with 1.04% for VTI.

What is the main difference between SHE and VTI?

SHE is categorized as Large Cap Growth Equities, while VTI is Large Cap Blend Equities. SHE tracks SSGA Gender Diversity (TR), while VTI tracks CRSP US Total Market Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.20% for SHE and 0.03% for VTI.

Which has better risk-adjusted returns?

SHE currently has the higher Sharpe Ratio (2.09 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.