VOX vs. VTI

Last updated Jun 4, 2026

VOX (Vanguard Communication Services ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - VOX is a Technology Equities fund tracking the MSCI US Investable Market Telecommunication Services 25/50 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, VOX returned 9.30%/yr vs 15.05%/yr for VTI. A 0.78 correlation means they provide meaningful diversification when combined. VOX charges 0.10%/yr vs 0.03%/yr for VTI.

Performance

VOX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Communication Services ETF (VOX) 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, VOX achieves a -1.38% return, which is significantly lower than VTI's 11.20% return. Over the past 10 years, VOX has underperformed VTI with an annualized return of 9.30%, while VTI has yielded a comparatively higher 15.05% annualized return.

VOX

• 1D: -0.84%
• 1M: -2.77%
• YTD: -1.38%
• 6M: 0.47%
• 1Y: 20.55%
• 3Y*: 24.02%
• 5Y*: 7.58%
• 10Y*: 9.30%

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)

VOX vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOX Vanguard Communication Services ETF	-1.38%	26.27%	33.12%	44.81%	-38.85%	13.83%	29.12%	28.03%	-16.75%	-5.50%
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 VOX and VTI is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 30, 2004	0.78

The correlation between VOX and VTI shifts across timeframes, from 0.70 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

VOX vs. VTI - Sectors Allocation Comparison

Sectors	VOX	VTI
Communication Services	98.4%	10.3%
Technology	1.2%	33.5%
Consumer Cyclical	0.2%	10.0%
Real Estate	0.1%	2.4%
Industrials	0.0%	9.8%
Healthcare	0.0%	9.2%
Basic Materials	-	2.0%
Consumer Defensive	-	4.7%
Energy	-	3.7%
Financial Services	-	12.0%
Utilities	-	2.3%

Return for Risk

VOX vs. VTI — Risk / Return Rank

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

VOX

VOX Risk / Return Rank: 35
VOX Sharpe Ratio Rank: 36
VOX Sortino Ratio Rank: 38
VOX Omega Ratio Rank: 35
VOX Calmar Ratio Rank: 30
VOX Martin Ratio Rank: 37

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.

VOX vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Communication Services ETF (VOX) 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.

	VOX	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.33	-0.99
Sortino ratio: Return per unit of downside risk	2.00	3.18	-1.19
Omega ratio: Gain probability vs. loss probability	1.24	1.42	-0.18
Calmar ratio: Return relative to maximum drawdown	1.52	3.17	-1.65
Martin ratio: Return relative to average drawdown	5.83	14.62	-8.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOX vs. VTI - Sharpe Ratio Comparison

The current VOX Sharpe Ratio is 1.34, which is lower than the VTI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of VOX 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

	VOX	VTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	2.33	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.73	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.82	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.51	-0.07

Drawdowns

VOX vs. VTI - Drawdown Comparison

The maximum VOX drawdown since its inception was -57.18%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for VOX and VTI.

Drawdown Indicators

	VOX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-55.45%	-1.73%
Max Drawdown (1Y) Largest decline over 1 year	-13.56%	-8.92%	-4.64%
Max Drawdown (3Y) Largest decline over 3 years	-21.15%	-19.30%	-1.85%
Max Drawdown (5Y) Largest decline over 5 years	-46.76%	-25.36%	-21.40%
Max Drawdown (10Y) Largest decline over 10 years	-46.76%	-35.00%	-11.76%
Current Drawdown Current decline from peak	-4.70%	-0.72%	-3.98%
Average Drawdown Average peak-to-trough decline	-11.91%	-8.03%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	1.93%	+1.61%

Volatility

VOX vs. VTI - Volatility Comparison

Vanguard Communication Services ETF (VOX) has a higher volatility of 4.24% compared to Vanguard Total Stock Market ETF (VTI) at 2.96%. This indicates that VOX'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

	VOX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	2.96%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	9.13%	+2.03%
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	12.17%	+3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.15%	17.40%	+3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.89%	18.30%	+2.59%

VOX vs. VTI - Expense Ratio Comparison

VOX has a 0.10% 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

VOX vs. VTI - Dividend Comparison

VOX's dividend yield for the trailing twelve months is around 1.00%, which matches VTI's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOX Vanguard Communication Services ETF	1.00%	0.95%	1.05%	1.03%	0.88%	0.93%	0.73%	0.90%	2.77%	3.83%	2.67%	3.55%
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 VOX and VTI in my portfolio?

VOX and VTI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOX or VTI?

VOX has higher volatility (4.24%) compared to VTI (2.96%). In terms of maximum drawdown, VOX dropped -57.18% vs VTI's -55.45%.

Which ETF is better, VOX or VTI?

On 10-year performance, VTI leads with 15.05% vs 9.30% for VOX. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOX or VTI?

Over the 10-year period, VTI has performed better with a 15.05% return vs 9.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOX or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.10% for VOX.

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

VOX and VTI have nearly identical dividend yields, around 1.00%.

What is the main difference between VOX and VTI?

VOX is categorized as Technology Equities, while VTI is Large Cap Blend Equities. VOX tracks MSCI US Investable Market Telecommunication Services 25/50 Index, while VTI tracks CRSP US Total Market Index. Their fees differ too: 0.10% for VOX and 0.03% for VTI.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (2.33 vs 1.34), 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.