VTV vs VV
Vanguard Morningstar Value ETF vs Vanguard Morningstar Large-Cap ETF
Quick Verdict
VTV delivered stronger 1-year returns. VV offers more diversification with 437 holdings.
Side-by-Side Comparison
| Metric | VTV | VV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $187.8B | $52.6B | |
| Dividend Yield | 1.85% | 1.03% | |
| Holdings | 311 | 437 | |
| YTD Return | +18.13% | +12.41% | |
| 1Y Return | +26.02% | +20.50% | |
| 3Y Return (annualized) | +19.24% | +21.22% | |
| 5Y Return (annualized) | +12.27% | +12.19% | |
| Volatility (annualized) | 14.5% | 14.8% | |
| Max Drawdown | -61.3% | -56.0% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 26, 2004 | Jan 27, 2004 |
VTV vs VV Performance
Vanguard Morningstar Value ETF (VTV) is a ETF from Vanguard (US) and Vanguard Morningstar Large-Cap ETF (VV) is a ETF from Vanguard (US). Over the past year VTV returned +26.02% while VV returned +20.50%. Year to date, VTV is up 18.13% versus a gain of 12.41% for VV.
Over three years, VTV compounded at +19.24% per year against +21.22% for VV; over five years the annualized figures are +12.27% and +12.19% respectively. Across the full 23-year window we track, VV has the edge at +9.44% annualized vs +7.58%. 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 worth weighing if you expect to sell during market stress rather than ride it out.
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 1.85% against 1.03% for VV.
Holdings Overlap
VTV and VV share 303 holdings out of 436 unique holdings combined, representing a 43.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VTV or VV?
VTV 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, VTV or VV?
Over the past year VTV returned +26.02% vs +20.50% for VV, so VTV leads on 1-year performance. Over the longest common window we track (23 years), VTV annualized +7.58% vs +9.44% for VV. Past performance does not guarantee future results.
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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between VTV and VV?
VTV and VV share 303 common holdings with a 43.4% weight overlap. Combined, they hold 436 unique securities.
Which pays a higher dividend, VTV or VV?
VTV yields 1.85% while VV yields 1.03%, so VTV currently pays the higher dividend yield.
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