VOO vs VV
Vanguard S&P 500 ETF vs Vanguard Morningstar Large-Cap ETF
Quick Verdict
VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | VOO | VV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $997.4B | $52.6B | |
| Dividend Yield | 1.08% | 1.03% | |
| Holdings | 509 | 437 | |
| YTD Return | +12.68% | +12.52% | |
| 1Y Return | +21.87% | +21.59% | |
| 3Y Return (annualized) | +22.06% | +22.29% | |
| 5Y Return (annualized) | +12.95% | +12.54% | |
| Volatility (annualized) | 14.1% | 14.8% | |
| Max Drawdown | -34.3% | -56.0% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2010 | Jan 27, 2004 |
VOO vs VV Performance
Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and Vanguard Morningstar Large-Cap ETF (VV) is a ETF from Vanguard (US). Over the past year VOO returned +21.87% while VV returned +21.59%. Year to date, VOO is up 12.68% versus a gain of 12.52% for VV.
Over three years, VOO compounded at +22.06% per year against +22.29% for VV; over five years the annualized figures are +12.95% and +12.54% respectively. Across the full 16-year window we track, VOO has the edge at +13.47% annualized vs +9.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VV has been the more volatile fund, with annualized monthly volatility of 14.8% 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 -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 1.00. 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 VV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, VOO currently yields 1.08% against 1.03% for VV.
Holdings Overlap
VOO and VV share 396 holdings out of 540 unique holdings combined, representing a 96.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, VOO or VV?
VOO has an expense ratio of 0.03% while VV charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, VOO or VV?
Over the past year VOO returned +21.87% vs +21.59% for VV, so VOO leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.47% vs +9.46% for VV. Past performance does not guarantee future results.
Which is riskier, VOO or VV?
VV has been the more volatile fund at 14.8% annualized versus 14.1% for VOO. Worst drawdown: VOO -34.3% vs VV -56.0%.
Should I hold both VOO and VV?
VOO and VV have a monthly-return correlation of 1.00, 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 VOO and VV?
VOO and VV share 396 common holdings with a 96.2% weight overlap. Combined, they hold 540 unique securities.
Which pays a higher dividend, VOO or VV?
VOO yields 1.08% while VV yields 1.03%, so VOO currently pays the higher dividend yield.
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