TLTD vs VTI
Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, TLTD or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. TLTD is less concentrated, with 7.2% of the fund in its ten largest positions against 33.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TLTD | VTI |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $669M | $690.1B |
| Dividend Yield | 3.18% | 1.03% |
| Holdings | 2,408 | 3,524 |
| YTD Return | +8.19% | +13.83%Best |
| 1Y Return | +14.54% | +15.70%Best |
| 3Y Return (annualized) | +21.36% | +22.56%Best |
| 5Y Return (annualized) | +10.45% | +12.44%Best |
| Volatility (annualized) | 15.0% | 14.5%Best |
| Max Drawdown | -44.6% | -35.0%Best |
| $10,000 over 5 years | $16,437 | $17,972Best |
| Top 10 Weight | 7.2%Best | 33.3% |
| Fund Family | Northern Trust Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 25, 2012 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2012 to Oct 8, 2026 (14 years).
TLTD vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14 years both funds cover.
TLTD vs VTI Performance
Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD) is an ETF from Northern Trust Asset Management and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year TLTD returned +14.54% while VTI returned +15.70%. Year to date, TLTD is up 8.19% versus a gain of 13.83% for VTI.
Over three years, TLTD compounded at +21.36% per year against +22.56% for VTI; over five years the annualized figures are +10.45% and +12.44% respectively. Across the full 14-year window we track, VTI has the edge at +13.04% annualized vs +6.54%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TLTD has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 14.5% 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 -44.6% for TLTD and -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TLTD charges 0.39% per year while VTI charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, TLTD currently yields 3.18% against 1.03% for VTI.
Holdings Overlap
1.0% of TLTD's money is in holdings VTI also owns. 0.2% of VTI's money is in holdings TLTD also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 46 days apart, TLTD as of Sep 15, 2026 and VTI as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
11 positions in common, counted across the 2,226 positions we hold weights for in TLTD and 3,463 in VTI, against full books of 2,408 and 3,524.
What only one of them owns
Our book lists 1,148 positions for VTI that do not appear in our book for TLTD (97.4% of the fund), and 13 for TLTD that do not appear in VTI (0.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in TLTD | Weight in VTI | Difference |
|---|---|---|---|
| ROPRoper Technologies Inc. | 0.54% | 0.05% | 0.49% |
| TWTradeweb Markets Inc | 0.20% | 0.02% | 0.18% |
| WCN:CAWaste Connections Inc Common Stock Cad 0 | 0.06% | 0.06% | 0.00% |
| RAILFreightcar America Inc | 0.08% | 0.00% | 0.08% |
| RBA:CARb Global, Inc | 0.03% | 0.03% | 0.00% |
| SIG:LNSignet Jewelers Limited Common Shares | 0.01% | 0.01% | 0.00% |
| SGP:AUStockland | 0.02% | 0.00% | 0.02% |
| DANDana Inc | 0.01% | 0.00% | 0.01% |
| NEONeoperformancematerials,Inc. | 0.01% | 0.00% | 0.01% |
| CLW:AUClearwater Paper Corporation Common Stock | 0.01% | 0.00% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of TLTD and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TLTD or VTI?
TLTD has an expense ratio of 0.39% while VTI charges 0.03%. VTI is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, TLTD or VTI?
Over the past year TLTD returned +14.54% vs +15.70% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (14 years), TLTD annualized +6.54% vs +13.04% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TLTD or VTI?
TLTD has been the more volatile fund at 15.0% annualized versus 14.5% for VTI. Worst drawdown: TLTD -44.6% vs VTI -35.0%.
Should I hold both TLTD and VTI?
TLTD and VTI have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, TLTD or VTI?
TLTD yields 3.18% while VTI yields 1.03%, so TLTD currently pays the higher dividend yield.
Is VTI better than TLTD?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. TLTD is less concentrated, with 7.2% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.