VIG vs VOO
Vanguard Dividend Appreciation ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | VIG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.03% | |
| AUM | $111.4B | $997.4B | |
| Dividend Yield | 1.49% | 1.08% | |
| Holdings | 335 | 509 | |
| YTD Return | +11.47% | +12.68% | |
| 1Y Return | +18.60% | +21.87% | |
| 3Y Return (annualized) | +17.17% | +22.06% | |
| 5Y Return (annualized) | +10.52% | +12.95% | |
| Volatility (annualized) | 13.3% | 14.1% | |
| Max Drawdown | -48.2% | -34.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 21, 2006 | Sep 7, 2010 |
VIG vs VOO Performance
Vanguard Dividend Appreciation ETF (VIG) is a ETF from Vanguard (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year VIG returned +18.60% while VOO returned +21.87%. Year to date, VIG is up 11.47% versus a gain of 12.68% for VOO.
Over three years, VIG compounded at +17.17% per year against +22.06% for VOO; over five years the annualized figures are +10.52% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.47% annualized vs +8.64%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.3% for VIG. 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 -48.2% for VIG and -34.3% for VOO. 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VIG charges 0.04% per year while VOO charges 0.03%. On a $10,000 position that is $4 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, VIG currently yields 1.49% against 1.08% for VOO.
Holdings Overlap
VIG and VOO share 168 holdings out of 668 unique holdings combined, representing a 39.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VIG or VOO?
VIG has an expense ratio of 0.04% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, VIG or VOO?
Over the past year VIG returned +18.60% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), VIG annualized +8.64% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, VIG or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.3% for VIG. Worst drawdown: VIG -48.2% vs VOO -34.3%.
Should I hold both VIG and VOO?
VIG and VOO have a monthly-return correlation of 0.95, 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 VIG and VOO?
VIG and VOO share 168 common holdings with a 39.9% weight overlap. Combined, they hold 668 unique securities.
Which pays a higher dividend, VIG or VOO?
VIG yields 1.49% while VOO yields 1.08%, so VIG currently pays the higher dividend yield.
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