VOE vs VTI
Vanguard Morningstar Mid-Cap Value ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, VOE or VTI?
Mid Cap Value against Large Cap Blend.
VTI has a lower expense ratio. VOE led over 1Y, VTI over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. VOE is less concentrated, with 13.1% 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 | VOE | VTI |
|---|---|---|
| Expense Ratio | 0.05% | 0.03%Best |
| AUM | $24.2B | $690.1B |
| Dividend Yield | 1.80% | 1.03% |
| Holdings | 174 | 3,524 |
| YTD Return | +11.91% | +12.51%Best |
| 1Y Return | +15.63%Best | +15.23% |
| 3Y Return (annualized) | +17.87% | +22.50%Best |
| 5Y Return (annualized) | +9.27% | +12.31%Best |
| Volatility (annualized) | 17.6% | 15.7%Best |
| Max Drawdown | -63.4% | -56.6%Best |
| $10,000 over 5 years | $15,578 | $17,869Best |
| Top 10 Weight | 13.1%Best | 33.3% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Aug 17, 2006 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Aug 24, 2006 to Oct 1, 2026 (20.1 years).
VOE 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 20.1 years both funds cover.
VOE vs VTI Performance
Vanguard Morningstar Mid-Cap Value ETF (VOE) is an ETF from Vanguard (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year VOE returned +15.63% while VTI returned +15.23%. Year to date, VOE is up 11.91% versus a gain of 12.51% for VTI.
Over three years, VOE compounded at +17.87% per year against +22.50% for VTI; over five years the annualized figures are +9.27% and +12.31% respectively. Across the full 20-year window we track, VTI has the edge at +9.64% annualized vs +7.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOE has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 15.7% 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 -63.4% for VOE and -56.6% 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VOE charges 0.05% per year while VTI charges 0.03%. On a $10,000 position that is $5 vs $3 annually, a gap of $2 per year that compounds over a long holding period. On income, VOE currently yields 1.80% against 1.03% for VTI.
Holdings Overlap
98.5% of VOE's money is in holdings VTI also owns. 9.3% of VTI's money is in holdings VOE also owns.
Most of VOE is already inside VTI. Owning both mostly buys the same companies twice.
168 positions in common, counted across the 171 positions we hold weights for in VOE and 3,463 in VTI, against full books of 174 and 3,524.
What only one of them owns
Our book lists 986 positions for VTI that do not appear in our book for VOE (88.3% of the fund), and 2 for VOE that do not appear in VTI (1.0%).
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 VTI | Difference |
|---|---|---|---|
| VLOValero Energy | 1.55% | 0.13% | 1.42% |
| MPCMarathon Petroleum Corp | 1.54% | 0.13% | 1.41% |
| CMICummins Inc. | 1.46% | 0.12% | 1.34% |
| PSXPhillips 66 | 1.41% | 0.12% | 1.29% |
| GMGeneral Motors Co | 1.34% | 0.11% | 1.23% |
| SLBSchlumberger Nv. | 1.24% | 0.10% | 1.14% |
| SPGSimon Property Group Inc | 1.18% | 0.10% | 1.08% |
| PCARPaccar Inc. | 1.16% | 0.10% | 1.06% |
| ALLAllstate Corp. | 1.13% | 0.09% | 1.04% |
| URIUnited Rentals Inc. | 1.13% | 0.09% | 1.04% |
98.5% of VOE 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, VOE or VTI?
VOE has an expense ratio of 0.05% while VTI charges 0.03%. VTI is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, VOE or VTI?
Over the past year VOE returned +15.63% vs +15.23% for VTI, so VOE leads on 1-year performance. Over the longest common window we track (20 years), VOE annualized +7.65% vs +9.64% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOE or VTI?
VOE has been the more volatile fund at 17.6% annualized versus 15.7% for VTI. Worst drawdown: VOE -63.4% vs VTI -56.6%.
Should I hold both VOE and VTI?
VOE and VTI have a monthly-return correlation of 0.93, 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 VOE and VTI?
98.5% of VOE's money is in holdings VTI also owns. 9.3% of VTI's is in holdings VOE also owns. They hold 168 positions in common, counted across the 171 positions we hold weights for in VOE and 3,463 in VTI.
Which pays a higher dividend, VOE or VTI?
VOE yields 1.80% while VTI yields 1.03%, so VOE currently pays the higher dividend yield.
Is VTI better than VOE?
VTI has a lower expense ratio. VOE led over 1Y, VTI over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. VOE is less concentrated, with 13.1% 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.