VOE vs VOT
Vanguard Morningstar Mid-Cap Value ETF vs Vanguard Morningstar Mid-Cap Growth ETF
Which is better, VOE or VOT?
Mid Cap Value against Mid Cap Growth.
VOE led over 1Y, 3Y and 5Y, VOT over the full window. VOE is less concentrated, with 13.1% of the fund in its ten largest positions against 20.9%.
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 | VOE | VOT |
|---|---|---|
| Expense Ratio | 0.05%Tie | 0.05%Tie |
| AUM | $23.9B | $19.1B |
| Dividend Yield | 1.80% | 0.60% |
| Holdings | 176 | 129 |
| YTD Return | +13.62%Best | +6.47% |
| 1Y Return | +19.01%Best | +2.13% |
| 3Y Return (annualized) | +17.30%Best | +16.17% |
| 5Y Return (annualized) | +9.86%Best | +4.68% |
| Volatility (annualized) | 17.6%Best | 18.5% |
| Max Drawdown | -63.4% | -60.3%Best |
| $10,000 over 5 years | $16,003Best | $12,570 |
| Top 10 Weight | 13.1%Best | 20.9% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Mid Cap Growth |
| Inception | Aug 17, 2006 | Aug 17, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Aug 24, 2006 to Sep 22, 2026 (20.1 years).
VOE vs VOT 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 20.1 years both funds cover.
VOE vs VOT Performance
Vanguard Morningstar Mid-Cap Value ETF (VOE) is an ETF from Vanguard (US) and Vanguard Morningstar Mid-Cap Growth ETF (VOT) is an ETF from Vanguard (US). Over the past year VOE returned +19.01% while VOT returned +2.13%. Year to date, VOE is up 13.62% versus a gain of 6.47% for VOT.
Over three years, VOE compounded at +17.30% per year against +16.17% for VOT; over five years the annualized figures are +9.86% and +4.68% respectively. Across the full 20-year window we track, VOT has the edge at +9.42% annualized vs +7.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOT has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 17.6% for VOE. 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 -63.4% for VOE and -60.3% for VOT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VOE charges 0.05% per year while VOT charges 0.05%. On a $10,000 position that is $5 vs $5 annually. On income, VOE currently yields 1.80% against 0.60% for VOT.
Holdings Overlap
2.8% of VOE's money is in holdings VOT also owns. 3.4% of VOT's money is in holdings VOE also owns.
VOT and VOE share little of their money.
11 positions in common, counted across the 171 positions we hold weights for in VOE and 123 in VOT, against full books of 176 and 129.
What only one of them owns
Our book lists 109 positions for VOT that do not appear in our book for VOE (94.9% of the fund), and 157 for VOE that do not appear in VOT (95.1%).
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 VOE | Weight in VOT | Difference |
|---|---|---|---|
| ROKRockwell Automation | 0.45% | 0.61% | 0.16% |
| EAElectronic Arts, Inc. | 0.44% | 0.60% | 0.16% |
| CURVVanguard Market Liquidity Fund | 0.56% | 0.31% | 0.25% |
| IRGardner Denver Holdings | 0.27% | 0.37% | 0.10% |
| SUNBSunbelt Rentals | 0.25% | 0.34% | 0.09% |
| STE:IESteris Plc Ordinary Shares | 0.19% | 0.26% | 0.07% |
| MKLMarkel Group Inc | 0.19% | 0.25% | 0.06% |
| ELEstee Lauder Cos., Inc. | 0.17% | 0.24% | 0.07% |
| EQTEQT Corp. | 0.14% | 0.19% | 0.05% |
| HUBBHubbell Inc | 0.10% | 0.14% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of VOE and VOT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VOE or VOT?
VOE has an expense ratio of 0.05% while VOT charges 0.05%. At the precision these are quoted to, they cost the same.
Which performed better, VOE or VOT?
Over the past year VOE returned +19.01% vs +2.13% for VOT, so VOE leads on 1-year performance. Over the longest common window we track (20 years), VOE annualized +7.74% vs +9.42% for VOT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOE or VOT?
VOT has been the more volatile fund at 18.5% annualized versus 17.6% for VOE. Worst drawdown: VOE -63.4% vs VOT -60.3%.
Should I hold both VOE and VOT?
VOE and VOT have a monthly-return correlation of 0.88, 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 VOE and VOT?
3.4% of VOT's money is in holdings VOE also owns. 3.4% of VOT's is in holdings VOE also owns. They hold 11 positions in common, counted across the 171 positions we hold weights for in VOE and 123 in VOT.
Which pays a higher dividend, VOE or VOT?
VOE yields 1.80% while VOT yields 0.60%, so VOE currently pays the higher dividend yield.
Is VOT better than VOE?
VOE led over 1Y, 3Y and 5Y, VOT over the full window. VOE is less concentrated, with 13.1% of the fund in its ten largest positions against 20.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.