VPX vs. ITOT
VPX (Variant Perception Cycle Aware US Equity ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds. VPX is actively managed, while ITOT is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. VPX charges 0.75%/yr vs 0.03%/yr for ITOT.
Performance
VPX vs. ITOT - Performance Comparison
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Returns By Period
VPX
- 1D
- 0.76%
- 1M
- 4.37%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITOT
- 1D
- 0.86%
- 1M
- 2.42%
- 6M
- 9.93%
- YTD
- 11.50%
- 1Y
- 22.10%
- 3Y*
- 20.84%
- 5Y*
- 12.03%
- 10Y*
- 14.81%
VPX vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VPX Variant Perception Cycle Aware US Equity ETF | 20.65% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 12.25% |
Correlation
The correlation between VPX and ITOT is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.94 |
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Return for Risk
VPX vs. ITOT — Risk / Return Rank
VPX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ITOT
VPX vs. ITOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Variant Perception Cycle Aware US Equity ETF (VPX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.
| VPX | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.49 | — |
| Martin ratioReturn relative to average drawdown | — | 10.88 | — |
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Drawdowns
VPX vs. ITOT - Drawdown Comparison
The maximum VPX drawdown since its inception was -5.91%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for VPX and ITOT.
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Drawdown Indicators
| VPX | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.91% | -55.20% | +49.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.90% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.51% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -6.95% | +6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.04% | — |
Volatility
VPX vs. ITOT - Volatility Comparison
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Volatility by Period
| VPX | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 12.84% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.44% | 17.46% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 18.24% | -1.80% |
VPX vs. ITOT - Expense Ratio Comparison
VPX has a 0.75% expense ratio, which is higher than ITOT's 0.03% expense ratio.
Dividends
VPX vs. ITOT - Dividend Comparison
VPX has not paid dividends to shareholders, while ITOT's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.00% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
VPX Variant Perception Cycle Aware US Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, VPX and ITOT 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.
On fees, ITOT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITOT is cheaper with a 0.03% expense ratio, compared with 0.75% for VPX.
ITOT has the higher dividend yield at 1.00%, compared with 0.00% for VPX.
They also come from different issuers: Variant Perception and iShares. Their fees differ too: 0.75% for VPX and 0.03% for ITOT.
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