VOO vs VV
Vanguard S&P 500 ETF vs Vanguard Morningstar Large-Cap ETF
Which is better, VOO or VV?
Each has led over a different period.
VOO led over 1Y and 5Y, VV over 3Y and the full window. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 36.6%.
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 | VV |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $997.4B | $52.6B |
| Dividend Yield | 1.04% | 0.99% |
| Holdings | 509 | 437 |
| YTD Return | +12.50%Best | +12.48% |
| 1Y Return | +17.58%Best | +17.30% |
| 3Y Return (annualized) | +21.27% | +21.49%Best |
| 5Y Return (annualized) | +12.95%Best | +12.56% |
| Volatility (annualized) | 14.1%Best | 14.3% |
| Max Drawdown | -34.3%Tie | -34.3%Tie |
| $10,000 over 5 years | $18,384Best | $18,068 |
| Top 10 Weight | 36.4%Best | 36.6% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 7, 2010 | Jan 27, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 11, 2026 (16 years).
VOO vs VV 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 VV Performance
Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US) and Vanguard Morningstar Large-Cap ETF (VV) is an ETF from Vanguard (US). Over the past year VOO returned +17.58% while VV returned +17.30%. Year to date, VOO is up 12.50% versus a gain of 12.48% for VV.
Over three years, VOO compounded at +21.27% per year against +21.49% for VV; over five years the annualized figures are +12.95% and +12.56% respectively. Across the full 16-year window we track, VV has the edge at +13.44% annualized vs +13.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VV 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 -34.3% for VV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.04% against 0.99% for VV.
Holdings Overlap
97.3% of VOO's money is in holdings VV also owns. 98.0% of VV's money is in holdings VOO also owns.
Most of VV is already inside VOO. Owning both mostly buys the same companies twice.
396 positions in common, counted across the 505 positions we hold weights for in VOO and 431 in VV, against full books of 509 and 437.
What only one of them owns
Our book lists 28 positions for VV that do not appear in our book for VOO (1.5% of the fund), and 106 for VOO that do not appear in VV (2.5%).
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 VV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.51% | 7.27% | 0.24% |
| AAPLApple, Inc | 6.59% | 6.72% | 0.13% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.30% | 4.38% | 0.08% |
| AMZNAmazon.Com Inc | 3.62% | 3.65% | 0.03% |
| GOOGLAlphabet A Usd 0.001 | 3.25% | 3.31% | 0.06% |
| AVGOBroadcom Inc | 2.77% | 2.83% | 0.06% |
| GOOGAlphabet Inc | 2.59% | 2.61% | 0.02% |
| MUMicron Technology, Inc. | 2.02% | 2.06% | 0.04% |
| METAMeta Platforms, Inc. | 1.92% | 1.95% | 0.03% |
| TSLATesla Inc | 1.84% | 1.87% | 0.03% |
98.0% of VV 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 VV?
VOO has an expense ratio of 0.03% while VV charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, VOO or VV?
Over the past year VOO returned +17.58% vs +17.30% for VV, so VOO leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.41% vs +13.44% for VV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOO or VV?
VV has been the more volatile fund at 14.3% annualized versus 14.1% for VOO. Worst drawdown: VOO -34.3% vs VV -34.3%.
Should I hold both VOO and VV?
VOO and VV have a monthly-return correlation of 1.00, 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 VV?
98.0% of VV's money is in holdings VOO also owns. 98.0% of VV's is in holdings VOO also owns. They hold 396 positions in common, counted across the 505 positions we hold weights for in VOO and 431 in VV.
Which pays a higher dividend, VOO or VV?
VOO yields 1.04% while VV yields 0.99%, so VOO currently pays the higher dividend yield.
Is VV better than VOO?
VOO led over 1Y and 5Y, VV over 3Y and the full window. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 36.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.