VIG vs VTV
Vanguard Dividend Appreciation ETF vs Vanguard Morningstar Value ETF
Which is better, VIG or VTV?
Large Cap Blend against Large Cap Value.
VTV has a lower expense ratio. VIG led over the full window, VTV over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.95. VTV is less concentrated, with 22.5% of the fund in its ten largest positions against 33.4%.
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 | VIG | VTV |
|---|---|---|
| Expense Ratio | 0.04% | 0.03%Best |
| AUM | $111.4B | $187.8B |
| Dividend Yield | 1.48% | 1.82% |
| Holdings | 335 | 311 |
| YTD Return | +7.84% | +15.24%Best |
| 1Y Return | +11.17% | +20.75%Best |
| 3Y Return (annualized) | +16.24% | +18.67%Best |
| 5Y Return (annualized) | +10.24% | +12.29%Best |
| Volatility (annualized) | 13.3%Best | 15.1% |
| Max Drawdown | -48.2%Best | -61.3% |
| $10,000 over 5 years | $16,282 | $17,853Best |
| Top 10 Weight | 33.4% | 22.5%Best |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Apr 21, 2006 | Jan 26, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Apr 27, 2006 to Sep 24, 2026 (20.4 years).
VIG vs VTV 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 20.4 years both funds cover.
VIG vs VTV Performance
Vanguard Dividend Appreciation ETF (VIG) is an ETF from Vanguard (US) and Vanguard Morningstar Value ETF (VTV) is an ETF from Vanguard (US). Over the past year VIG returned +11.17% while VTV returned +20.75%. Year to date, VIG is up 7.84% versus a gain of 15.24% for VTV.
Over three years, VIG compounded at +16.24% per year against +18.67% for VTV; over five years the annualized figures are +10.24% and +12.29% respectively. Across the full 20-year window we track, VIG has the edge at +8.42% annualized vs +7.16%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTV has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -61.3% for VTV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VTV 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 1.48% against 1.82% for VTV.
Holdings Overlap
60.7% of VIG's money is in holdings VTV also owns. 50.4% of VTV's money is in holdings VIG also owns.
The two portfolios partly overlap.
118 positions in common, counted across the 322 positions we hold weights for in VIG and 299 in VTV, against full books of 335 and 311.
What only one of them owns
Our book lists 174 positions for VTV that do not appear in our book for VIG (46.7% of the fund), and 182 for VIG that do not appear in VTV (38.7%).
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 VIG | Weight in VTV | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 4.07% | 3.50% | 0.57% |
| XOMExxon Mobil Corp. | 2.78% | 2.39% | 0.39% |
| JNJJohnson & Johnson - Common | 2.67% | 2.29% | 0.38% |
| WMTWalmart, Inc. | 2.11% | 1.81% | 0.30% |
| ABBVAbbvie Inc. | 1.92% | 1.65% | 0.27% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.98% | 1.53% | 0.45% |
| BACBank of America Corp.: Financials | 1.75% | 1.47% | 0.28% |
| UNHUnitedhealth Group Incorporated | 1.63% | 1.40% | 0.23% |
| CATCaterpillar, Inc. | 1.62% | 1.39% | 0.23% |
| PGProcter & Gamble Company | 1.45% | 1.25% | 0.20% |
60.7% of VIG is already inside VTV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, VIG or VTV?
VIG has an expense ratio of 0.04% while VTV charges 0.03%. VTV is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, VIG or VTV?
Over the past year VIG returned +11.17% vs +20.75% for VTV, so VTV leads on 1-year performance. Over the longest common window we track (20 years), VIG annualized +8.42% vs +7.16% for VTV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VIG or VTV?
VTV has been the more volatile fund at 15.1% annualized versus 13.3% for VIG. Worst drawdown: VIG -48.2% vs VTV -61.3%.
Should I hold both VIG and VTV?
VIG and VTV have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between VIG and VTV?
60.7% of VIG's money is in holdings VTV also owns. 50.4% of VTV's is in holdings VIG also owns. They hold 118 positions in common, counted across the 322 positions we hold weights for in VIG and 299 in VTV.
Which pays a higher dividend, VIG or VTV?
VIG yields 1.48% while VTV yields 1.82%, so VTV currently pays the higher dividend yield.
Is VTV better than VIG?
VTV has a lower expense ratio. VIG led over the full window, VTV over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.95. VTV is less concentrated, with 22.5% of the fund in its ten largest positions against 33.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.