XLG vs. VTV

Last updated Jul 26, 2026

XLG (Invesco S&P 500 Top 50 ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, XLG returned 16.25%/yr vs 12.48%/yr for VTV. Their correlation of 0.83 means they have usually moved in the same direction. XLG charges 0.20%/yr vs 0.04%/yr for VTV.

Performance

XLG vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Top 50 ETF (XLG) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLG achieves a 1.55% return, which is significantly lower than VTV's 16.94% return. Over the past 10 years, XLG has outperformed VTV with an annualized return of 16.25%, while VTV has yielded a comparatively lower 12.48% annualized return.

XLG

• 1D: -0.22%
• 1M: 0.71%
• 6M: 2.67%
• YTD: 1.55%
• 1Y: 12.21%
• 3Y*: 19.71%
• 5Y*: 13.16%
• 10Y*: 16.25%
• ALL TIME*: 11.26%

VTV

• 1D: 0.53%
• 1M: 0.73%
• 6M: 13.03%
• YTD: 16.94%
• 1Y: 24.90%
• 3Y*: 17.23%
• 5Y*: 12.51%
• 10Y*: 12.48%
• ALL TIME*: 9.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VTV Vanguard Value ETF	$654.06M	$690.11M	$596.84M
XLG Invesco S&P 500 Top 50 ETF	$60.47M	$91.92M	$104.94M

XLG vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLG Invesco S&P 500 Top 50 ETF	1.55%	19.51%	33.49%	38.16%	-24.29%	30.77%	24.15%	32.04%	-3.59%	23.04%
VTV Vanguard Value ETF	16.94%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between XLG and VTV is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (5Y) Shows whether the relationship held over a longer period.	0.63
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since May 10, 2005	0.83

Over the past year, the correlation between XLG and VTV has dropped to 0.38 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

XLG vs. VTV - Sectors Allocation Comparison

Sectors	XLG	VTV
Technology	49.5%	15.3%
Communication Services	13.5%	2.9%
Consumer Cyclical	10.0%	3.9%
Financial Services	9.7%	22.4%
Healthcare	6.6%	15.2%
Consumer Defensive	5.0%	8.7%
Industrials	2.9%	14.3%
Energy	2.2%	6.9%
Utilities	0.8%	4.8%
Basic Materials	0.6%	3.0%
Real Estate	-	2.5%

Return for Risk

XLG vs. VTV — Risk / Return Rank

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

XLG

XLG Risk / Return Rank: 34
XLG Sharpe Ratio Rank: 36
XLG Sortino Ratio Rank: 34
XLG Omega Ratio Rank: 34
XLG Calmar Ratio Rank: 31
XLG Martin Ratio Rank: 34

VTV

VTV Risk / Return Rank: 92
VTV Sharpe Ratio Rank: 93
VTV Sortino Ratio Rank: 94
VTV Omega Ratio Rank: 92
VTV Calmar Ratio Rank: 91
VTV Martin Ratio Rank: 91

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.

XLG vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Top 50 ETF (XLG) and Vanguard Value ETF (VTV). 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.

	XLG	VTV	Difference
Sharpe ratio: Return per unit of total volatility	0.88	2.49	-1.61
Sortino ratio: Return per unit of downside risk	1.28	3.60	-2.31
Omega ratio: Gain probability vs. loss probability	1.16	1.45	-0.29
Calmar ratio: Return relative to maximum drawdown	1.02	4.02	-3.00
Martin ratio: Return relative to average drawdown	3.29	15.23	-11.94

XLG vs. VTV - Sharpe Ratio Comparison

The current XLG Sharpe Ratio is 0.88, which is lower than the VTV Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of XLG and VTV, 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

XLG vs. VTV - Drawdown Comparison

The maximum XLG drawdown since its inception was -52.39%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for XLG and VTV.

Drawdown Indicators

	XLG	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-52.39%	-59.27%	+6.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-6.35%	-6.06%
Max Drawdown (3Y) Largest decline over 3 years	-20.70%	-14.52%	-6.18%
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	-17.04%	-10.98%
Max Drawdown (10Y) Largest decline over 10 years	-30.46%	-36.78%	+6.32%
Current Drawdown Current decline from peak	-6.96%	0.00%	-6.96%
Average Drawdown Average peak-to-trough decline	-7.62%	-7.82%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	1.67%	+2.17%

Volatility

XLG vs. VTV - Volatility Comparison

Invesco S&P 500 Top 50 ETF (XLG) has a higher volatility of 4.47% compared to Vanguard Value ETF (VTV) at 2.48%. This indicates that XLG's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLG	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	2.48%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	11.10%	7.59%	+3.51%
Volatility (1Y) Calculated over the trailing 1-year period	14.39%	10.28%	+4.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.84%	13.81%	+5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	16.61%	+2.28%

XLG vs. VTV - Expense Ratio Comparison

XLG has a 0.20% expense ratio, which is higher than VTV's 0.04% 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

XLG vs. VTV - Dividend Comparison

XLG's dividend yield for the trailing twelve months is around 0.66%, less than VTV's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VTV Vanguard Value ETF	1.85%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%
XLG Invesco S&P 500 Top 50 ETF	0.66%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Frequently Asked Questions

Can I hold both XLG and VTV in my portfolio?

XLG and VTV have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLG or VTV?

XLG has higher volatility (4.47%) compared to VTV (2.48%). In terms of maximum drawdown, XLG dropped -52.39% vs VTV's -59.27%.

Which ETF is better, XLG or VTV?

On 10-year performance, XLG leads with 16.25% vs 12.48% for VTV. On fees, VTV is cheaper at 0.04% per year. On volatility, VTV has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLG or VTV?

Over the 10-year period, XLG has performed better with a 16.25% return vs 12.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLG or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.20% for XLG.

Which ETF pays a higher dividend yield, XLG or VTV?

VTV has the higher dividend yield at 1.85%, compared with 0.66% for XLG.

What is the main difference between XLG and VTV?

XLG is categorized as S&P 500, while VTV is Large Cap Value Equities. XLG tracks S&P 500 Top 50 Index, while VTV tracks CRSP US Large Cap Value Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.20% for XLG and 0.04% for VTV.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.49 vs 0.88), 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.