VOE vs VTV
Vanguard Morningstar Mid-Cap Value ETF vs Vanguard Morningstar Value ETF
Quick Verdict
VTV has a lower expense ratio. VTV delivered stronger 1-year returns. VTV offers more diversification with 311 holdings.
Side-by-Side Comparison
| Metric | VOE | VTV | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.03% | |
| AUM | $23.9B | $187.8B | |
| Dividend Yield | 1.81% | 1.85% | |
| Holdings | 176 | 311 | |
| YTD Return | +19.07% | +19.23% | |
| 1Y Return | +26.16% | +28.70% | |
| 3Y Return (annualized) | +17.77% | +19.34% | |
| 5Y Return (annualized) | +10.28% | +12.48% | |
| Volatility (annualized) | 17.6% | 14.5% | |
| Max Drawdown | -63.4% | -61.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 17, 2006 | Jan 26, 2004 |
VOE vs VTV Performance
Vanguard Morningstar Mid-Cap Value ETF (VOE) is a ETF from Vanguard (US) and Vanguard Morningstar Value ETF (VTV) is a ETF from Vanguard (US). Over the past year VOE returned +26.16% while VTV returned +28.70%. Year to date, VOE is up 19.07% versus a gain of 19.23% for VTV.
Over three years, VOE compounded at +17.77% per year against +19.34% for VTV; over five years the annualized figures are +10.28% and +12.48% respectively. Across the full 20-year window we track, VOE has the edge at +8.04% 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 14.5% for VTV. 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 -61.3% for VTV. 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 0.96. 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 VTV 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 1.81% against 1.85% for VTV.
Holdings Overlap
VOE and VTV share 164 holdings out of 313 unique holdings combined, representing a 22.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VOE or VTV?
VOE has an expense ratio of 0.05% while VTV charges 0.03%. VTV is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, VOE or VTV?
Over the past year VOE returned +26.16% vs +28.70% for VTV, so VTV leads on 1-year performance. Over the longest common window we track (20 years), VOE annualized +8.04% vs +7.65% for VTV. Past performance does not guarantee future results.
Which is riskier, VOE or VTV?
VOE has been the more volatile fund at 17.6% annualized versus 14.5% for VTV. Worst drawdown: VOE -63.4% vs VTV -61.3%.
Should I hold both VOE and VTV?
VOE and VTV have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between VOE and VTV?
VOE and VTV share 164 common holdings with a 22.7% weight overlap. Combined, they hold 313 unique securities.
Which pays a higher dividend, VOE or VTV?
VOE yields 1.81% while VTV yields 1.85%, so VTV currently pays the higher dividend yield.
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