VOE vs VV
Vanguard Mid-Cap Value ETF vs Vanguard Large-Cap ETF
Quick Verdict
VV has a lower expense ratio. VOE delivered stronger 1-year returns. VV offers more diversification with 431 holdings.
Side-by-Side Comparison
| Metric | VOE | VV | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.03% | |
| AUM | $22.9B | $52.5B | |
| Dividend Yield | 2.31% | 1.25% | |
| Holdings | 177 | 446 | |
| YTD Return | +17.20% | +13.63% | |
| 1Y Return | +26.76% | +22.60% | |
| 3Y Return (annualized) | +16.45% | +22.03% | |
| 5Y Return (annualized) | +10.06% | +12.97% | |
| Volatility (annualized) | 17.6% | 14.8% | |
| Max Drawdown | -63.4% | -56.0% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 17, 2006 | Jan 27, 2004 |
VOE vs VV Performance
Vanguard Mid-Cap Value ETF (VOE) is a ETF from Vanguard (US) and Vanguard Large-Cap ETF (VV) is a ETF from Vanguard (US). Over the past year VOE returned +26.76% while VV returned +22.60%. Year to date, VOE is up 17.20% versus a gain of 13.63% for VV.
Over three years, VOE compounded at +16.45% per year against +22.03% for VV; over five years the annualized figures are +10.06% and +12.97% respectively. Across the full 20-year window we track, VV has the edge at +9.52% annualized vs +7.96%. 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 14.8% for VV. 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 -56.0% for VV. 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 0.92. 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 VV 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 2.31% against 1.25% for VV.
Holdings Overlap
VOE and VV share 165 holdings out of 435 unique holdings combined, representing a 9.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VOE or VV?
VOE has an expense ratio of 0.05% while VV charges 0.03%. VV is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, VOE or VV?
Over the past year VOE returned +26.76% vs +22.60% for VV, so VOE leads on 1-year performance. Over the longest common window we track (20 years), VOE annualized +7.96% vs +9.52% for VV. Past performance does not guarantee future results.
Which is riskier, VOE or VV?
VOE has been the more volatile fund at 17.6% annualized versus 14.8% for VV. Worst drawdown: VOE -63.4% vs VV -56.0%.
Should I hold both VOE and VV?
VOE and VV have a monthly-return correlation of 0.92, 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 VV?
VOE and VV share 165 common holdings with a 9.7% weight overlap. Combined, they hold 435 unique securities.
Which pays a higher dividend, VOE or VV?
VOE yields 2.31% while VV yields 1.25%, so VOE currently pays the higher dividend yield.
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