VIG vs VV
Vanguard Dividend Appreciation ETF vs Vanguard Morningstar Large-Cap ETF
Which is better, VIG or VV?
Nearly the same fund. VV costs less.
VV has a lower expense ratio. VV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. VIG is less concentrated, with 33.4% of the fund in its ten largest positions against 38.0%.
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 | VV |
|---|---|---|
| Expense Ratio | 0.04% | 0.03%Best |
| AUM | $111.4B | $52.6B |
| Dividend Yield | 1.48% | 0.99% |
| Holdings | 335 | 437 |
| YTD Return | +8.31% | +12.38%Best |
| 1Y Return | +11.70% | +16.34%Best |
| 3Y Return (annualized) | +15.76% | +21.61%Best |
| 5Y Return (annualized) | +10.72% | +13.10%Best |
| Volatility (annualized) | 13.3%Best | 15.4% |
| Max Drawdown | -48.2%Best | -56.0% |
| $10,000 over 5 years | $16,639 | $18,506Best |
| Top 10 Weight | 33.4%Best | 38.0% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 21, 2006 | Jan 27, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Apr 27, 2006 to Sep 18, 2026 (20.4 years).
VIG vs VV 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 VV Performance
Vanguard Dividend Appreciation ETF (VIG) is an ETF from Vanguard (US) and Vanguard Morningstar Large-Cap ETF (VV) is an ETF from Vanguard (US). Over the past year VIG returned +11.70% while VV returned +16.34%. Year to date, VIG is up 8.31% versus a gain of 12.38% for VV.
Over three years, VIG compounded at +15.76% per year against +21.61% for VV; over five years the annualized figures are +10.72% and +13.10% respectively. Across the full 20-year window we track, VV has the edge at +9.62% annualized vs +8.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VV has been the more volatile fund, with annualized monthly volatility of 15.4% 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 what each fund did in the worst stretch of the window measured above.
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 1.48% against 0.99% for VV.
Holdings Overlap
94.0% of VIG's money is in holdings VV also owns. 45.0% of VV's money is in holdings VIG also owns.
Most of VIG is already inside VV. Owning both mostly buys the same companies twice.
148 positions in common, counted across the 322 positions we hold weights for in VIG and 431 in VV, against full books of 335 and 437.
What only one of them owns
Our book lists 273 positions for VV that do not appear in our book for VIG (54.2% of the fund), and 152 for VIG that do not appear in VV (5.4%).
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 VV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.45% | 7.18% | 2.73% |
| MSFTMicrosoft Corp | 4.34% | 5.47% | 1.13% |
| AVGOBroadcom Inc | 4.63% | 2.92% | 1.71% |
| JPMJpmorgan Chase | 4.07% | 1.49% | 2.58% |
| LLYEli Lilly & Co. | 3.93% | 1.54% | 2.39% |
| XOMExxon Mobil Corp. | 2.78% | 1.02% | 1.76% |
| JNJJohnson & Johnson - Common | 2.67% | 0.98% | 1.69% |
| VVisa Inc Class A | 2.45% | 0.89% | 1.56% |
| WMTWalmart, Inc. | 2.11% | 0.77% | 1.34% |
| MAMastercard Inc | 2.00% | 0.72% | 1.28% |
94.0% of VIG is already inside VV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $1 a year on a $10,000 investment.
Which performed better, VIG or VV?
Over the past year VIG returned +11.70% vs +16.34% for VV, so VV leads on 1-year performance. Over the longest common window we track (20 years), VIG annualized +8.45% vs +9.62% for VV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VIG or VV?
VV has been the more volatile fund at 15.4% 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. 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 VV?
94.0% of VIG's money is in holdings VV also owns. 45.0% of VV's is in holdings VIG also owns. They hold 148 positions in common, counted across the 322 positions we hold weights for in VIG and 431 in VV.
Which pays a higher dividend, VIG or VV?
VIG yields 1.48% while VV yields 0.99%, so VIG currently pays the higher dividend yield.
Is VV better than VIG?
VV has a lower expense ratio. VV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. VIG is less concentrated, with 33.4% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.