VOO vs VTP
Vanguard S&P 500 ETF vs Vanguard Total Inflation-Protected Securities ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | VOO | VTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.05% | |
| AUM | $979.0B | $159M | |
| Dividend Yield | 1.09% | 1.61% | |
| Holdings | 509 | 51 | |
| YTD Return | +13.80% | +0.81% | |
| 1Y Return | +23.71% | +1.98% | |
| 3Y Return (annualized) | +21.50% | - | |
| 5Y Return (annualized) | +13.44% | - | |
| Volatility (annualized) | 14.1% | 2.9% | |
| Max Drawdown | -34.3% | -1.9% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Fixed Income | |
| Inception | Sep 7, 2010 | Jul 7, 2025 |
VOO vs VTP Performance
Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and Vanguard Total Inflation-Protected Securities ETF (VTP) is a ETF from Vanguard (US). Over the past year VOO returned +23.71% while VTP returned +1.98%. Year to date, VOO is up 13.80% versus a gain of 0.81% for VTP.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 2.9% for VTP. 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 -1.9% for VTP. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VOO charges 0.03% per year while VTP charges 0.05%. On a $10,000 position that is $3 vs $5 annually, a gap of $2 per year that compounds over a long holding period. On income, VOO currently yields 1.09% against 1.61% for VTP.
Holdings Overlap
VOO and VTP share 0 holdings out of 548 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VOO or VTP?
VOO has an expense ratio of 0.03% while VTP charges 0.05%. VOO is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, VOO or VTP?
Over the past year VOO returned +23.71% vs +1.98% for VTP, so VOO leads on 1-year performance. Over the longest common window we track (1 years), VOO annualized +13.58% vs +2.83% for VTP. Past performance does not guarantee future results.
Which is riskier, VOO or VTP?
VOO has been the more volatile fund at 14.1% annualized versus 2.9% for VTP. Worst drawdown: VOO -34.3% vs VTP -1.9%.
Should I hold both VOO and VTP?
VOO and VTP have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VOO and VTP?
VOO and VTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 548 unique securities.
Which pays a higher dividend, VOO or VTP?
VOO yields 1.09% while VTP yields 1.61%, so VTP currently pays the higher dividend yield.
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