VMAX vs. VTV

Last updated Aug 4, 2026

VMAX (Hartford US Value ETF) and VTV (Vanguard Value ETF) are both Large Cap Value Equities funds. VMAX is actively managed, while VTV is passively managed. Over the past year, VMAX returned 31.16% vs 28.55% for VTV. Their correlation of 0.90 means they have usually moved in the same direction. VMAX charges 0.29%/yr vs 0.04%/yr for VTV.

Performance

VMAX vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford US Value ETF (VMAX) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VMAX achieves a 18.73% return, which is significantly higher than VTV's 16.93% return.

VMAX

• 1D: 0.57%
• 1M: 2.72%
• 6M: 13.64%
• YTD: 18.73%
• 1Y: 31.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.61%

VTV

• 1D: 0.48%
• 1M: 0.83%
• 6M: 10.86%
• YTD: 16.93%
• 1Y: 28.55%
• 3Y*: 17.83%
• 5Y*: 12.43%
• 10Y*: 12.46%
• ALL TIME*: 9.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VMAX Hartford US Value ETF	$16.61K	$9.61K	$6.33K
VTV Vanguard Value ETF	$655.54M	$670.79M	$624.45M

VMAX vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VMAX Hartford US Value ETF	18.73%	15.65%	15.89%	5.71%
VTV Vanguard Value ETF	16.93%	15.27%	15.95%	4.87%

Correlation

The correlation between VMAX and VTV is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023	0.90

The correlation between VMAX and VTV has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

VMAX vs. VTV - Sectors Allocation Comparison

Sectors	VMAX	VTV
Financial Services	33.8%	22.4%
Technology	13.8%	15.3%
Healthcare	11.3%	15.2%
Energy	9.8%	6.9%
Communication Services	5.9%	2.9%
Utilities	5.4%	4.8%
Industrials	5.4%	14.3%
Real Estate	4.8%	2.5%
Consumer Cyclical	3.8%	3.9%
Consumer Defensive	3.6%	8.7%
Basic Materials	2.4%	3.0%

Return for Risk

VMAX vs. VTV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VMAX

VMAX Risk / Return Rank: 94
VMAX Sharpe Ratio Rank: 93
VMAX Sortino Ratio Rank: 93
VMAX Omega Ratio Rank: 92
VMAX Calmar Ratio Rank: 96
VMAX Martin Ratio Rank: 96

VTV

VTV Risk / Return Rank: 94
VTV Sharpe Ratio Rank: 95
VTV Sortino Ratio Rank: 95
VTV Omega Ratio Rank: 94
VTV Calmar Ratio Rank: 93
VTV Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VMAX vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford US Value ETF (VMAX) and Vanguard Value ETF (VTV). 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.

	VMAX	VTV	Difference
Sharpe ratio: Return per unit of total volatility	2.62	2.79	-0.18
Sortino ratio: Return per unit of downside risk	3.57	3.98	-0.41
Omega ratio: Gain probability vs. loss probability	1.47	1.51	-0.04
Calmar ratio: Return relative to maximum drawdown	6.35	4.52	+1.83
Martin ratio: Return relative to average drawdown	23.40	17.46	+5.94

VMAX vs. VTV - Sharpe Ratio Comparison

The current VMAX Sharpe Ratio is 2.62, which is comparable to the VTV Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of VMAX and VTV, 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

VMAX vs. VTV - Drawdown Comparison

The maximum VMAX drawdown since its inception was -19.05%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VMAX and VTV.

Drawdown Indicators

	VMAX	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-59.27%	+40.22%
Max Drawdown (1Y) Largest decline over 1 year	-4.93%	-6.35%	+1.42%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.78%	—
Current Drawdown Current decline from peak	0.00%	-0.89%	+0.89%
Average Drawdown Average peak-to-trough decline	-2.43%	-7.82%	+5.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	1.64%	-0.31%

Volatility

VMAX vs. VTV - Volatility Comparison

Hartford US Value ETF (VMAX) and Vanguard Value ETF (VTV) have volatilities of 2.51% and 2.54%, 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

	VMAX	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	2.54%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	7.73%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	10.29%	+1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	13.82%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	16.62%	-1.45%

VMAX vs. VTV - Expense Ratio Comparison

VMAX has a 0.29% expense ratio, which is higher than VTV's 0.04% expense ratio.

Dividends

VMAX vs. VTV - Dividend Comparison

VMAX's dividend yield for the trailing twelve months is around 1.82%, less than VTV's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VMAX Hartford US Value ETF	1.82%	2.14%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTV Vanguard Value ETF	1.85%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VMAX and VTV in my portfolio?

VMAX and VTV have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VMAX or VTV?

VTV has higher volatility (2.54%) compared to VMAX (2.51%). In terms of maximum drawdown, VMAX dropped -19.05% vs VTV's -59.27%.

Which ETF is better, VMAX or VTV?

On 1-year performance, VMAX leads with 31.16% vs 28.55% for VTV. On fees, VTV is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VMAX or VTV?

Over the 1-year period, VMAX has performed better with a 31.16% return vs 28.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VMAX or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.29% for VMAX.

Which ETF pays a higher dividend yield, VMAX or VTV?

VTV has the higher dividend yield at 1.85%, compared with 1.82% for VMAX.

What is the main difference between VMAX and VTV?

They also come from different issuers: Hartford and Vanguard. Their fees differ too: 0.29% for VMAX and 0.04% for VTV.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.79 vs 2.62), 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.