VTV vs. RLY
VTV (Vanguard Value ETF) and RLY (State Street Multi-Asset Real Return ETF) are both exchange-traded funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while RLY is a Hedge Fund fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, VTV returned 12.33%/yr vs 8.13%/yr for RLY. A 0.69 correlation means they provide meaningful diversification when combined. VTV charges 0.04%/yr vs 0.50%/yr for RLY.
Performance
VTV vs. RLY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VTV having a 15.67% return and RLY slightly lower at 15.10%. Over the past 10 years, VTV has outperformed RLY with an annualized return of 12.33%, while RLY has yielded a comparatively lower 8.13% annualized return.
VTV
- 1D
- 0.77%
- 1M
- 1.48%
- 6M
- 12.87%
- YTD
- 15.67%
- 1Y
- 25.79%
- 3Y*
- 16.95%
- 5Y*
- 12.37%
- 10Y*
- 12.33%
- ALL TIME*
- 9.65%
RLY
- 1D
- 1.01%
- 1M
- 2.24%
- 6M
- 9.53%
- YTD
- 15.10%
- 1Y
- 25.35%
- 3Y*
- 12.69%
- 5Y*
- 10.79%
- 10Y*
- 8.13%
- ALL TIME*
- 4.75%
VTV vs. RLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 15.67% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
RLY State Street Multi-Asset Real Return ETF | 15.10% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
Correlation
The correlation between VTV and RLY is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012 | 0.69 |
The correlation between VTV and RLY shifts across timeframes, from 0.52 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VTV vs. RLY — Risk / Return Rank
VTV
RLY
VTV vs. RLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) and State Street Multi-Asset Real Return ETF (RLY). 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.
| VTV | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.44 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 3.38 | +0.70 |
| Martin ratioReturn relative to average drawdown | 15.45 | 11.94 | +3.51 |
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Drawdowns
VTV vs. RLY - Drawdown Comparison
The maximum VTV drawdown since its inception was -59.27%, which is greater than RLY's maximum drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for VTV and RLY.
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Drawdown Indicators
| VTV | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -37.75% | -21.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -7.54% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -10.08% | -4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -18.94% | +1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | -34.17% | -2.61% |
Current DrawdownCurrent decline from peak | -0.43% | -3.31% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -9.42% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.13% | -0.46% |
Volatility
VTV vs. RLY - Volatility Comparison
The current volatility for Vanguard Value ETF (VTV) is 2.68%, while State Street Multi-Asset Real Return ETF (RLY) has a volatility of 3.03%. This indicates that VTV experiences smaller price fluctuations and is considered to be less risky than RLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTV | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 3.03% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 8.49% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.33% | 10.58% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 13.46% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 13.79% | +2.82% |
VTV vs. RLY - Expense Ratio Comparison
VTV has a 0.04% expense ratio, which is lower than RLY's 0.50% expense ratio.
Dividends
VTV vs. RLY - Dividend Comparison
VTV's dividend yield for the trailing twelve months is around 1.87%, less than RLY's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLY State Street Multi-Asset Real Return ETF | 3.07% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
VTV Vanguard Value ETF | 1.87% | 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
VTV and RLY have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLY has higher volatility (3.03%) compared to VTV (2.68%). In terms of maximum drawdown, VTV dropped -59.27% vs RLY's -37.75%.
On 10-year performance, VTV leads with 12.33% vs 8.13% for RLY. On fees, VTV is cheaper at 0.04% per year. On volatility, VTV has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VTV has performed better with a 12.33% return vs 8.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTV is cheaper with a 0.04% expense ratio, compared with 0.50% for RLY.
RLY has the higher dividend yield at 3.07%, compared with 1.87% for VTV.
VTV is categorized as Large Cap Value Equities, while RLY is Hedge Fund. VTV tracks CRSP US Large Cap Value Index, while RLY tracks Bloomberg U.S. Government Inflation-Linked Bond Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.04% for VTV and 0.50% for RLY.
VTV currently has the higher Sharpe Ratio (2.51 vs 2.41), 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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