VIG vs VV
Vanguard Dividend Appreciation ETF vs Vanguard Large-Cap ETF
Quick Verdict
VV has a lower expense ratio. VV delivered stronger 1-year returns. VV offers more diversification with 431 holdings.
Side-by-Side Comparison
| Metric | VIG | VV | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.03% | |
| AUM | $110.2B | $52.5B | |
| Dividend Yield | 1.79% | 1.25% | |
| Holdings | 335 | 446 | |
| YTD Return | +12.26% | +13.23% | |
| 1Y Return | +20.77% | +22.17% | |
| 3Y Return (annualized) | +16.59% | +21.70% | |
| 5Y Return (annualized) | +10.76% | +12.84% | |
| Volatility (annualized) | 13.3% | 14.8% | |
| Max Drawdown | -48.2% | -56.0% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 21, 2006 | Jan 27, 2004 |
VIG vs VV Performance
Vanguard Dividend Appreciation ETF (VIG) is a ETF from Vanguard (US) and Vanguard Large-Cap ETF (VV) is a ETF from Vanguard (US). Over the past year VIG returned +20.77% while VV returned +22.17%. Year to date, VIG is up 12.26% versus a gain of 13.23% for VV.
Over three years, VIG compounded at +16.59% per year against +21.70% for VV; over five years the annualized figures are +10.76% and +12.84% respectively. Across the full 20-year window we track, VV has the edge at +9.51% annualized vs +8.69%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VV has been the more volatile fund, with annualized monthly volatility of 14.8% 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 -56.0% for VV. 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 0.96. 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 VV 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 1.79% against 1.25% for VV.
Holdings Overlap
VIG and VV share 147 holdings out of 615 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 VV?
VIG has an expense ratio of 0.04% while VV charges 0.03%. VV is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, VIG or VV?
Over the past year VIG returned +20.77% vs +22.17% for VV, so VV leads on 1-year performance. Over the longest common window we track (20 years), VIG annualized +8.69% vs +9.51% for VV. Past performance does not guarantee future results.
Which is riskier, VIG or VV?
VV has been the more volatile fund at 14.8% annualized versus 13.3% for VIG. Worst drawdown: VIG -48.2% vs VV -56.0%.
Should I hold both VIG and VV?
VIG and VV have a monthly-return correlation of 0.96, 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 VV?
VIG and VV share 147 common holdings with a 39.9% weight overlap. Combined, they hold 615 unique securities.
Which pays a higher dividend, VIG or VV?
VIG yields 1.79% while VV yields 1.25%, so VIG currently pays the higher dividend yield.
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