VOO vs VOOV
Vanguard S&P 500 ETF vs Vanguard S&P 500 Value ETF
Which is better, VOO or VOOV?
Large Cap Blend against Large Cap Value.
VOO has a lower expense ratio. VOO led over 3Y, 5Y and the full window, VOOV over 1Y. The two have moved almost in lockstep, correlation 0.93. VOOV is less concentrated, with 23.6% of the fund in its ten largest positions against 37.6%.
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 | VOO | VOOV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.07% |
| AUM | $997.4B | $6.8B |
| Dividend Yield | 1.04% | 1.66% |
| Holdings | 509 | 444 |
| YTD Return | +11.98%Best | +11.30% |
| 1Y Return | +16.45% | +17.26%Best |
| 3Y Return (annualized) | +21.19%Best | +15.59% |
| 5Y Return (annualized) | +12.95%Best | +11.85% |
| Volatility (annualized) | 14.1%Best | 14.3% |
| Max Drawdown | -34.3%Best | -37.7% |
| $10,000 over 5 years | $18,384Best | $17,506 |
| Top 10 Weight | 37.6% | 23.6%Best |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 7, 2010 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 14, 2026 (16 years).
VOO vs VOOV 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.
VOO vs VOOV Performance
Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US) and Vanguard S&P 500 Value ETF (VOOV) is an ETF from Vanguard (US). Over the past year VOO returned +16.45% while VOOV returned +17.26%. Year to date, VOO is up 11.98% versus a gain of 11.30% for VOOV.
Over three years, VOO compounded at +21.19% per year against +15.59% for VOOV; over five years the annualized figures are +12.95% and +11.85% respectively. Across the full 16-year window we track, VOO has the edge at +13.37% annualized vs +10.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOOV has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 14.1% for VOO. 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 -34.3% for VOO and -37.7% for VOOV. 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
VOO charges 0.03% per year while VOOV charges 0.07%. On a $10,000 position that is $3 vs $7 annually, a gap of $4 per year that compounds over a long holding period. On income, VOO currently yields 1.04% against 1.66% for VOOV.
Holdings Overlap
60.6% of VOO's money is in holdings VOOV also owns. 97.9% of VOOV's money is in holdings VOO also owns.
Most of VOOV is already inside VOO. Owning both mostly buys the same companies twice.
418 positions in common, counted across the 494 positions we hold weights for in VOO and 431 in VOOV, against full books of 509 and 444.
What only one of them owns
Our book lists 12 positions for VOOV that do not appear in our book for VOO (1.0% of the fund), and 73 for VOO that do not appear in VOOV (38.7%).
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 VOO | Weight in VOOV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.05% | 7.68% | 0.63% |
| AMZNAmazon.Com Inc | 4.13% | 4.23% | 0.10% |
| XOMExxon Mobil Corp. | 1.00% | 2.18% | 1.18% |
| TSLATesla Inc | 1.36% | 1.13% | 0.23% |
| JPMJpmorgan Chase | 1.46% | 1.02% | 0.44% |
| WMTWalmart, Inc. | 0.76% | 1.65% | 0.89% |
| INTCIntel Corporation | 0.66% | 1.44% | 0.78% |
| COSTCostco Wholesale Corp. | 0.66% | 1.43% | 0.77% |
| BACBank of America Corp.: Financials | 0.63% | 1.37% | 0.74% |
| VVisa Inc Class A | 0.93% | 0.93% | 0.00% |
97.9% of VOOV is already inside VOO.
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, VOO or VOOV?
VOO has an expense ratio of 0.03% while VOOV charges 0.07%. VOO is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, VOO or VOOV?
Over the past year VOO returned +16.45% vs +17.26% for VOOV, so VOOV leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.37% vs +10.56% for VOOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOO or VOOV?
VOOV has been the more volatile fund at 14.3% annualized versus 14.1% for VOO. Worst drawdown: VOO -34.3% vs VOOV -37.7%.
Should I hold both VOO and VOOV?
VOO and VOOV 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 VOO and VOOV?
97.9% of VOOV's money is in holdings VOO also owns. 97.9% of VOOV's is in holdings VOO also owns. They hold 418 positions in common, counted across the 494 positions we hold weights for in VOO and 431 in VOOV.
Which pays a higher dividend, VOO or VOOV?
VOO yields 1.04% while VOOV yields 1.66%, so VOOV currently pays the higher dividend yield.
Is VOOV better than VOO?
VOO has a lower expense ratio. VOO led over 3Y, 5Y and the full window, VOOV over 1Y. The two have moved almost in lockstep, correlation 0.93. VOOV is less concentrated, with 23.6% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.