VIOV vs VOO
Vanguard S&P Small Cap 600 Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VIOV delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | VIOV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.03% | |
| AUM | $2.0B | $997.4B | |
| Dividend Yield | 1.68% | 1.08% | |
| Holdings | 468 | 509 | |
| YTD Return | +20.78% | +12.25% | |
| 1Y Return | +32.36% | +20.92% | |
| 3Y Return (annualized) | +15.81% | +21.79% | |
| 5Y Return (annualized) | +8.66% | +13.05% | |
| Volatility (annualized) | 20.1% | 14.1% | |
| Max Drawdown | -48.9% | -34.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2010 | Sep 7, 2010 |
VIOV vs VOO Performance
Vanguard S&P Small Cap 600 Value ETF (VIOV) is a ETF from Vanguard (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year VIOV returned +32.36% while VOO returned +20.92%. Year to date, VIOV is up 20.78% versus a gain of 12.25% for VOO.
Over three years, VIOV compounded at +15.81% per year against +21.79% for VOO; over five years the annualized figures are +8.66% and +13.05% respectively. Across the full 16-year window we track, VOO has the edge at +13.45% annualized vs +10.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIOV has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 14.1% for VOO. 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 -48.9% for VIOV 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VIOV charges 0.10% per year while VOO charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, VIOV currently yields 1.68% against 1.08% for VOO.
Holdings Overlap
VIOV and VOO share 0 holdings out of 966 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VIOV or VOO?
VIOV has an expense ratio of 0.10% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, VIOV or VOO?
Over the past year VIOV returned +32.36% vs +20.92% for VOO, so VIOV leads on 1-year performance. Over the longest common window we track (16 years), VIOV annualized +10.94% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, VIOV or VOO?
VIOV has been the more volatile fund at 20.1% annualized versus 14.1% for VOO. Worst drawdown: VIOV -48.9% vs VOO -34.3%.
Should I hold both VIOV and VOO?
VIOV and VOO have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VIOV and VOO?
VIOV and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 966 unique securities.
Which pays a higher dividend, VIOV or VOO?
VIOV yields 1.68% while VOO yields 1.08%, so VIOV currently pays the higher dividend yield.
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