VPU vs. VTI

Last updated Jun 26, 2026

VPU (Vanguard Utilities ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - VPU is a Utilities Equities fund tracking the MSCI US Investable Market Utilities 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, VPU returned 9.30%/yr vs 15.38%/yr for VTI. A 0.52 correlation means they provide meaningful diversification when combined. VPU charges 0.09%/yr vs 0.03%/yr for VTI.

Performance

VPU vs. VTI - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with VPU having a 8.52% return and VTI slightly higher at 8.90%. Over the past 10 years, VPU has underperformed VTI with an annualized return of 9.30%, while VTI has yielded a comparatively higher 15.38% annualized return.

VPU

• 1D: 0.66%
• 1M: 1.44%
• YTD: 8.52%
• 6M: 8.11%
• 1Y: 16.97%
• 3Y*: 15.09%
• 5Y*: 10.47%
• 10Y*: 9.30%

VTI

• 1D: 0.09%
• 1M: -1.48%
• YTD: 8.90%
• 6M: 7.43%
• 1Y: 23.02%
• 3Y*: 20.80%
• 5Y*: 11.83%
• 10Y*: 15.38%

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

VPU vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VPU Vanguard Utilities ETF	8.52%	16.46%	23.04%	-7.45%	1.06%	17.40%	-0.74%	24.89%	4.38%	12.44%
VTI Vanguard Total Stock Market ETF	8.90%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between VPU and VTI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.52

Over the past year, the correlation between VPU and VTI has dropped to 0.21 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

VPU vs. VTI - Sectors Allocation Comparison

Sectors	VPU	VTI
Utilities	99.3%	2.1%
Energy	0.5%	3.3%
Industrials	0.2%	9.4%
Basic Materials	-	1.9%
Communication Services	-	9.8%
Consumer Cyclical	-	9.7%
Consumer Defensive	-	4.3%
Financial Services	-	11.3%
Healthcare	-	9.0%
Real Estate	-	2.3%
Technology	-	37.0%

Return for Risk

VPU vs. VTI — Risk / Return Rank

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

VPU

VPU Risk / Return Rank: 36
VPU Sharpe Ratio Rank: 37
VPU Sortino Ratio Rank: 34
VPU Omega Ratio Rank: 34
VPU Calmar Ratio Rank: 43
VPU Martin Ratio Rank: 31

VTI

VTI Risk / Return Rank: 64
VTI Sharpe Ratio Rank: 64
VTI Sortino Ratio Rank: 62
VTI Omega Ratio Rank: 62
VTI Calmar Ratio Rank: 61
VTI Martin Ratio Rank: 71

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.

VPU vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Utilities ETF (VPU) 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.

	VPU	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.81	-0.63
Sortino ratio: Return per unit of downside risk	1.64	2.48	-0.84
Omega ratio: Gain probability vs. loss probability	1.21	1.33	-0.12
Calmar ratio: Return relative to maximum drawdown	1.91	2.59	-0.68
Martin ratio: Return relative to average drawdown	4.07	11.45	-7.38

VPU vs. VTI - Sharpe Ratio Comparison

The current VPU Sharpe Ratio is 1.19, which is lower than the VTI Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of VPU 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

VPU vs. VTI - Drawdown Comparison

The maximum VPU drawdown since its inception was -46.31%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for VPU and VTI.

Drawdown Indicators

	VPU	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-46.31%	-55.45%	+9.14%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-8.92%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-17.34%	-19.30%	+1.96%
Max Drawdown (5Y) Largest decline over 5 years	-25.15%	-25.36%	+0.21%
Max Drawdown (10Y) Largest decline over 10 years	-36.42%	-35.00%	-1.42%
Current Drawdown Current decline from peak	-2.46%	-2.77%	+0.31%
Average Drawdown Average peak-to-trough decline	-7.78%	-8.01%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	2.02%	+2.16%

Volatility

VPU vs. VTI - Volatility Comparison

Vanguard Utilities ETF (VPU) has a higher volatility of 5.22% compared to Vanguard Total Stock Market ETF (VTI) at 4.86%. This indicates that VPU'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

	VPU	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	4.86%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	10.00%	+1.47%
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	12.75%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	17.50%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.14%	18.31%	+0.83%

VPU vs. VTI - Expense Ratio Comparison

VPU has a 0.09% 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

VPU vs. VTI - Dividend Comparison

VPU's dividend yield for the trailing twelve months is around 3.23%, more than VTI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VPU Vanguard Utilities ETF	3.23%	2.73%	3.02%	3.49%	2.98%	2.70%	3.17%	2.83%	3.23%	3.18%	3.19%	3.63%
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 VPU and VTI in my portfolio?

VPU and VTI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VPU or VTI?

VPU has higher volatility (5.22%) compared to VTI (4.86%). In terms of maximum drawdown, VPU dropped -46.31% vs VTI's -55.45%.

Which ETF is better, VPU or VTI?

On 10-year performance, VTI leads with 15.38% vs 9.30% for VPU. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 4.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPU or VTI?

Over the 10-year period, VTI has performed better with a 15.38% return vs 9.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPU or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.09% for VPU.

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

VPU has the higher dividend yield at 3.23%, compared with 1.04% for VTI.

What is the main difference between VPU and VTI?

VPU is categorized as Utilities Equities, while VTI is Large Cap Blend Equities. VPU tracks MSCI US Investable Market Utilities 25/50 Index, while VTI tracks CRSP US Total Market Index. Their fees differ too: 0.09% for VPU and 0.03% for VTI.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.81 vs 1.19), 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.