VTV vs VV
Vanguard Morningstar Value ETF vs Vanguard Morningstar Large-Cap ETF
Which is better, VTV or VV?
Large Cap Value against Large Cap Blend.
VTV led over 1Y, VV over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. VTV is less concentrated, with 22.5% of the fund in its ten largest positions against 38.0%.
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 | VTV | VV |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $187.8B | $52.6B |
| Dividend Yield | 1.82% | 0.99% |
| Holdings | 311 | 437 |
| YTD Return | +16.17%Best | +14.19% |
| 1Y Return | +21.79%Best | +17.06% |
| 3Y Return (annualized) | +19.03% | +23.29%Best |
| 5Y Return (annualized) | +12.81% | +13.23%Best |
| Volatility (annualized) | 14.5%Best | 14.8% |
| Max Drawdown | -61.3% | -56.0%Best |
| $10,000 over 5 years | $18,270 | $18,613Best |
| Top 10 Weight | 22.5%Best | 38.0% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jan 26, 2004 | Jan 27, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Jan 30, 2004 to Sep 22, 2026 (22.6 years).
VTV 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 22.6 years both funds cover.
VTV vs VV Performance
Vanguard Morningstar Value ETF (VTV) is an ETF from Vanguard (US) and Vanguard Morningstar Large-Cap ETF (VV) is an ETF from Vanguard (US). Over the past year VTV returned +21.79% while VV returned +17.06%. Year to date, VTV is up 16.17% versus a gain of 14.19% for VV.
Over three years, VTV compounded at +19.03% per year against +23.29% for VV; over five years the annualized figures are +12.81% and +13.23% respectively. Across the full 23-year window we track, VV has the edge at +9.50% annualized vs +7.49%.
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 14.5% 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 -61.3% for VTV and -56.0% 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VTV charges 0.03% per year while VV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, VTV currently yields 1.82% against 0.99% for VV.
Holdings Overlap
97.4% of VTV's money is in holdings VV also owns. 43.5% of VV's money is in holdings VTV also owns.
Most of VTV is already inside VV. Owning both mostly buys the same companies twice.
295 positions in common, counted across the 299 positions we hold weights for in VTV and 431 in VV, against full books of 311 and 437.
What only one of them owns
Our book lists 131 positions for VV that do not appear in our book for VTV (56.0% of the fund), and 2 for VTV that do not appear in VV (0.3%).
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 VTV | Weight in VV | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 3.50% | 1.49% | 2.01% |
| MUMicron Technology, Inc. | 3.45% | 1.47% | 1.98% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.99% | 1.43% | 1.56% |
| XOMExxon Mobil Corp. | 2.39% | 1.02% | 1.37% |
| JNJJohnson & Johnson - Common | 2.29% | 0.98% | 1.31% |
| WMTWalmart, Inc. | 1.81% | 0.77% | 1.04% |
| ABBVAbbvie Inc. | 1.65% | 0.70% | 0.95% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.53% | 0.65% | 0.88% |
| BACBank of America Corp.: Financials | 1.47% | 0.63% | 0.84% |
| UNHUnitedhealth Group Incorporated | 1.40% | 0.60% | 0.80% |
97.4% of VTV is already inside VV.
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, VTV or VV?
VTV 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, VTV or VV?
Over the past year VTV returned +21.79% vs +17.06% for VV, so VTV leads on 1-year performance. Over the longest common window we track (23 years), VTV annualized +7.49% vs +9.50% for VV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VTV or VV?
VV has been the more volatile fund at 14.8% annualized versus 14.5% for VTV. Worst drawdown: VTV -61.3% vs VV -56.0%.
Should I hold both VTV and VV?
VTV and VV 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 VTV and VV?
97.4% of VTV's money is in holdings VV also owns. 43.5% of VV's is in holdings VTV also owns. They hold 295 positions in common, counted across the 299 positions we hold weights for in VTV and 431 in VV.
Which pays a higher dividend, VTV or VV?
VTV yields 1.82% while VV yields 0.99%, so VTV currently pays the higher dividend yield.
Is VV better than VTV?
VTV led over 1Y, VV over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. VTV is less concentrated, with 22.5% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.