VIOV vs VTI
Vanguard S&P Small Cap 600 Value ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, VIOV or VTI?
Small Cap Value against Large Cap Blend.
VTI has a lower expense ratio. VIOV led over 1Y, VTI over 3Y, 5Y and the full window. VIOV is less concentrated, with 8.3% of the fund in its ten largest positions against 33.3%.
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 | VIOV | VTI |
|---|---|---|
| Expense Ratio | 0.10% | 0.03%Best |
| AUM | $2.0B | $666.9B |
| Dividend Yield | 1.67% | 1.03% |
| Holdings | 468 | 3,543 |
| YTD Return | +17.64%Best | +11.53% |
| 1Y Return | +22.89%Best | +15.74% |
| 3Y Return (annualized) | +15.49% | +20.67%Best |
| 5Y Return (annualized) | +8.00% | +11.59%Best |
| Volatility (annualized) | 20.0% | 14.5%Best |
| Max Drawdown | -48.9% | -35.0%Best |
| $10,000 over 5 years | $14,693 | $17,303Best |
| Top 10 Weight | 8.3%Best | 33.3% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Sep 7, 2010 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 15, 2026 (16 years).
VIOV vs VTI 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 16 years both funds cover.
VIOV vs VTI Performance
Vanguard S&P Small Cap 600 Value ETF (VIOV) is an ETF from Vanguard (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year VIOV returned +22.89% while VTI returned +15.74%. Year to date, VIOV is up 17.64% versus a gain of 11.53% for VTI.
Over three years, VIOV compounded at +15.49% per year against +20.67% for VTI; over five years the annualized figures are +8.00% and +11.59% respectively. Across the full 16-year window we track, VTI has the edge at +13.05% annualized vs +10.70%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIOV has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 14.5% for VTI. 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 -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VIOV charges 0.10% per year while VTI 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 1.67% against 1.03% for VTI.
Holdings Overlap
97.6% of VIOV's money is in holdings VTI also owns. 1.2% of VTI's money is in holdings VIOV also owns.
Most of VIOV is already inside VTI. Owning both mostly buys the same companies twice.
453 positions in common, counted across the 459 positions we hold weights for in VIOV and 3,463 in VTI, against full books of 468 and 3,543.
What only one of them owns
Our book lists 1,033 positions for VTI that do not appear in our book for VIOV (96.3% of the fund), and 5 for VIOV that do not appear in VTI (1.1%).
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 VIOV | Weight in VTI | Difference |
|---|---|---|---|
| MTCHMatch Group Inc | 1.00% | 0.01% | 0.99% |
| JXNJackson Financial Inc USD | 0.92% | 0.01% | 0.91% |
| KMXCarmax Inc. | 0.88% | 0.01% | 0.87% |
| EMNEastman Chemical Co. | 0.87% | 0.01% | 0.86% |
| LNCLincoln National Corp. | 0.84% | 0.01% | 0.83% |
| SMSm Energy Co | 0.80% | 0.01% | 0.79% |
| LWLambwestonholdings Inc. | 0.79% | 0.01% | 0.78% |
| VSCOVICTORIA'S SECRET & CO | 0.76% | 0.01% | 0.75% |
| CAGConagra Brands Inc. | 0.75% | 0.01% | 0.74% |
| PAYCPaycom Software Inc . | 0.74% | 0.01% | 0.73% |
97.6% of VIOV is already inside VTI.
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, VIOV or VTI?
VIOV has an expense ratio of 0.10% while VTI charges 0.03%. VTI is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, VIOV or VTI?
Over the past year VIOV returned +22.89% vs +15.74% for VTI, so VIOV leads on 1-year performance. Over the longest common window we track (16 years), VIOV annualized +10.70% vs +13.05% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VIOV or VTI?
VIOV has been the more volatile fund at 20.0% annualized versus 14.5% for VTI. Worst drawdown: VIOV -48.9% vs VTI -35.0%.
Should I hold both VIOV and VTI?
VIOV and VTI have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between VIOV and VTI?
97.6% of VIOV's money is in holdings VTI also owns. 1.2% of VTI's is in holdings VIOV also owns. They hold 453 positions in common, counted across the 459 positions we hold weights for in VIOV and 3,463 in VTI.
Which pays a higher dividend, VIOV or VTI?
VIOV yields 1.67% while VTI yields 1.03%, so VIOV currently pays the higher dividend yield.
Is VTI better than VIOV?
VTI has a lower expense ratio. VIOV led over 1Y, VTI over 3Y, 5Y and the full window. VIOV is less concentrated, with 8.3% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.