VOO vs VTV
Vanguard S&P 500 ETF vs Vanguard Morningstar Value ETF
Which is better, VOO or VTV?
Large Cap Blend against Large Cap Value.
VOO led over 3Y, 5Y and the full window, VTV over 1Y. The two have moved almost in lockstep, correlation 0.92. VTV is less concentrated, with 22.5% 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 | VTV |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $997.4B | $187.8B |
| Dividend Yield | 1.04% | 1.82% |
| Holdings | 509 | 311 |
| YTD Return | +14.14% | +16.32%Best |
| 1Y Return | +17.31% | +21.94%Best |
| 3Y Return (annualized) | +23.16%Best | +19.16% |
| 5Y Return (annualized) | +13.85%Best | +13.02% |
| Volatility (annualized) | 14.1% | 13.7%Best |
| Max Drawdown | -34.3%Best | -36.8% |
| $10,000 over 5 years | $19,128Best | $18,441 |
| Top 10 Weight | 37.6% | 22.5%Best |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 7, 2010 | Jan 26, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 21, 2026 (16 years).
VOO vs VTV 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 VTV Performance
Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US) and Vanguard Morningstar Value ETF (VTV) is an ETF from Vanguard (US). Over the past year VOO returned +17.31% while VTV returned +21.94%. Year to date, VOO is up 14.14% versus a gain of 16.32% for VTV.
Over three years, VOO compounded at +23.16% per year against +19.16% for VTV; over five years the annualized figures are +13.85% and +13.02% respectively. Across the full 16-year window we track, VOO has the edge at +13.49% annualized vs +10.93%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.7% 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 -34.3% for VOO and -36.8% for VTV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
VOO charges 0.03% per year while VTV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, VOO currently yields 1.04% against 1.82% for VTV.
Holdings Overlap
42.6% of VOO's money is in holdings VTV also owns. 96.2% of VTV's money is in holdings VOO also owns.
Most of VTV is already inside VOO. Owning both mostly buys the same companies twice.
282 positions in common, counted across the 494 positions we hold weights for in VOO and 299 in VTV, against full books of 509 and 311.
What only one of them owns
Our book lists 13 positions for VTV that do not appear in our book for VOO (1.5% of the fund), and 209 for VOO that do not appear in VTV (56.8%).
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 VTV | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 1.46% | 3.50% | 2.04% |
| MUMicron Technology, Inc. | 1.44% | 3.45% | 2.01% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.46% | 2.99% | 1.53% |
| XOMExxon Mobil Corp. | 1.00% | 2.39% | 1.39% |
| JNJJohnson & Johnson - Common | 0.96% | 2.29% | 1.33% |
| WMTWalmart, Inc. | 0.76% | 1.81% | 1.05% |
| ABBVAbbvie Inc. | 0.69% | 1.65% | 0.96% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.71% | 1.53% | 0.82% |
| BACBank of America Corp.: Financials | 0.63% | 1.47% | 0.84% |
| UNHUnitedhealth Group Incorporated | 0.58% | 1.40% | 0.82% |
96.2% of VTV 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 VTV?
VOO has an expense ratio of 0.03% while VTV charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, VOO or VTV?
Over the past year VOO returned +17.31% vs +21.94% for VTV, so VTV leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.49% vs +10.93% for VTV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOO or VTV?
VOO has been the more volatile fund at 14.1% annualized versus 13.7% for VTV. Worst drawdown: VOO -34.3% vs VTV -36.8%.
Should I hold both VOO and VTV?
VOO and VTV have a monthly-return correlation of 0.92, 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 VTV?
96.2% of VTV's money is in holdings VOO also owns. 96.2% of VTV's is in holdings VOO also owns. They hold 282 positions in common, counted across the 494 positions we hold weights for in VOO and 299 in VTV.
Which pays a higher dividend, VOO or VTV?
VOO yields 1.04% while VTV yields 1.82%, so VTV currently pays the higher dividend yield.
Is VTV better than VOO?
VOO led over 3Y, 5Y and the full window, VTV over 1Y. The two have moved almost in lockstep, correlation 0.92. VTV is less concentrated, with 22.5% 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.