TSPA vs VTI

Quick Verdict

VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.

Lower Fees: VTIHigher Returns: VTIMore Diversified: VTI

Side-by-Side Comparison

MetricTSPAVTIWinner
Expense Ratio0.34%0.03%
AUM$4.2B$663.5B
Dividend Yield0.56%1.07%
Holdings3103,543
YTD Return+12.98%+13.39%
1Y Return+22.41%+23.21%
3Y Return (annualized)+21.17%+20.65%
5Y Return (annualized)+13.67%+12.18%
Volatility (annualized)15.8%15.3%
Max Drawdown-24.7%-56.6%
Fund FamilyT.Rowe PriceVanguard (US)
CategoryEquityEquity
InceptionJun 8, 2021May 24, 2001

TSPA vs VTI Performance

T Rowe Price US Equity Research ETF (TSPA) is a ETF from T.Rowe Price and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year TSPA returned +22.41% while VTI returned +23.21%. Year to date, TSPA is up 12.98% versus a gain of 13.39% for VTI.

Over three years, TSPA compounded at +21.17% per year against +20.65% for VTI; over five years the annualized figures are +13.67% and +12.18% respectively. Across the full 5-year window we track, TSPA has the edge at +14.31% annualized vs +8.11%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

TSPA has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 15.3% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -24.7% for TSPA and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

TSPA charges 0.34% per year while VTI charges 0.03%. On a $10,000 position that is $34 vs $3 annually, a gap of $31 per year that compounds over a long holding period. On income, TSPA currently yields 0.56% against 1.07% for VTI.

Holdings Overlap

59.9%overlap

TSPA and VTI share 273 holdings out of 2817 unique holdings combined, representing a 59.9% weight overlap.

High overlap means holding both may not provide much additional diversification.

Top Shared Holdings

StockWeight in TSPAWeight in VTIDifference
AAPL6.96%5.84%1.12%
MSFT4.96%3.81%1.15%
NUVL7.73%0.00%7.73%
AMZNProProPro
GOOGProProPro
AVGOProProPro
GOOGLProProPro
TSLAProProPro
LLYProProPro
MUProProPro
See all 10 holdings TSPA shares with VTI
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, TSPA or VTI?

TSPA has an expense ratio of 0.34% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $31 per year of difference.

Which performed better, TSPA or VTI?

Over the past year TSPA returned +22.41% vs +23.21% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (5 years), TSPA annualized +14.31% vs +8.11% for VTI. Past performance does not guarantee future results.

Which is riskier, TSPA or VTI?

TSPA has been the more volatile fund at 15.8% annualized versus 15.3% for VTI. Worst drawdown: TSPA -24.7% vs VTI -56.6%.

Should I hold both TSPA and VTI?

TSPA and VTI have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.

What is the holdings overlap between TSPA and VTI?

TSPA and VTI share 273 common holdings with a 59.9% weight overlap. Combined, they hold 2817 unique securities.

Which pays a higher dividend, TSPA or VTI?

TSPA yields 0.56% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.

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