VTIVX vs. IOO
VTIVX (Vanguard Target Retirement 2045 Fund) and IOO (iShares Global 100 ETF) are both funds - VTIVX is a Target Retirement Date fund managed by Vanguard, while IOO is a Global Equities fund tracking the S&P Global 100 Index (Net). Over the past 10 years, VTIVX returned 11.31%/yr vs 16.66%/yr for IOO. Their correlation of 0.93 suggests significant overlap in exposure. VTIVX charges 0.08%/yr vs 0.40%/yr for IOO.
Performance
VTIVX vs. IOO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VTIVX having a 8.87% return and IOO slightly higher at 9.16%. Over the past 10 years, VTIVX has underperformed IOO with an annualized return of 11.31%, while IOO has yielded a comparatively higher 16.66% annualized return.
VTIVX
- 1D
- 2.05%
- 1M
- 1.26%
- YTD
- 8.87%
- 6M
- 9.59%
- 1Y
- 23.02%
- 3Y*
- 17.25%
- 5Y*
- 8.91%
- 10Y*
- 11.31%
IOO
- 1D
- 0.11%
- 1M
- -1.76%
- YTD
- 9.16%
- 6M
- 10.36%
- 1Y
- 33.70%
- 3Y*
- 23.85%
- 5Y*
- 15.85%
- 10Y*
- 16.66%
VTIVX vs. IOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTIVX Vanguard Target Retirement 2045 Fund | 8.87% | 20.01% | 13.68% | 19.72% | -17.38% | 16.16% | 16.31% | 24.94% | -7.89% | 19.16% |
IOO iShares Global 100 ETF | 9.16% | 27.02% | 26.54% | 27.71% | -16.34% | 26.03% | 18.61% | 30.01% | -6.22% | 23.56% |
Correlation
The correlation between VTIVX and IOO 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 | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2003 | 0.93 |
The correlation between VTIVX and IOO has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
VTIVX vs. IOO — Risk / Return Rank
VTIVX
IOO
VTIVX vs. IOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2045 Fund (VTIVX) and iShares Global 100 ETF (IOO). 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.
| VTIVX | IOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.23 | -0.55 |
| Martin ratioReturn relative to average drawdown | 11.59 | 14.35 | -2.76 |
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Drawdowns
VTIVX vs. IOO - Drawdown Comparison
The maximum VTIVX drawdown since its inception was -51.69%, smaller than the maximum IOO drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for VTIVX and IOO.
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Drawdown Indicators
| VTIVX | IOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.69% | -55.85% | +4.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -9.94% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -19.19% | +5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -23.52% | -1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -31.42% | -31.43% | +0.01% |
Current DrawdownCurrent decline from peak | -2.00% | -4.05% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -6.33% | -11.26% | +4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.24% | -0.32% |
Volatility
VTIVX vs. IOO - Volatility Comparison
The current volatility for Vanguard Target Retirement 2045 Fund (VTIVX) is 4.51%, while iShares Global 100 ETF (IOO) has a volatility of 4.82%. This indicates that VTIVX experiences smaller price fluctuations and is considered to be less risky than IOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTIVX | IOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 4.82% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 11.31% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.10% | 14.07% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 17.12% | -3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.82% | 17.80% | -2.98% |
VTIVX vs. IOO - Expense Ratio Comparison
VTIVX has a 0.08% expense ratio, which is lower than IOO's 0.40% expense ratio.
Dividends
VTIVX vs. IOO - Dividend Comparison
VTIVX's dividend yield for the trailing twelve months is around 2.29%, more than IOO's 0.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOO iShares Global 100 ETF | 0.84% | 0.92% | 1.08% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% |
VTIVX Vanguard Target Retirement 2045 Fund | 2.29% | 2.50% | 2.36% | 2.27% | 2.75% | 15.40% | 1.90% | 2.23% | 2.52% | 0.04% | 2.47% | 3.29% |
Frequently Asked Questions
With a correlation of 0.91, VTIVX and IOO 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.
IOO has higher volatility (4.82%) compared to VTIVX (4.51%). In terms of maximum drawdown, VTIVX dropped -51.69% vs IOO's -55.85%.
IOO currently has the higher Sharpe Ratio (2.28 vs 2.01), 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.
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