Dividend comparison

VIG vs VTV: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard Dividend Appreciation ETF and Vanguard Morningstar Value ETF, side by side. Updated October 21, 2026.

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VIG vs VTV: key differences
The short answer, from the latest data on this page.
  • Fees. VTV is cheaper at 0.03% a year versus 0.04% for VIG. On $10,000 that is $1 a year less in fees.
  • Income. VTV pays more income, yielding 1.85% over the last twelve months versus 1.50% for VIG. That is about $36 more a year on $10,000. Both pay quarterly.
  • Performance. Over the last 5 years, VTV returned 73.1% versus 61.4% for VIG, with dividends reinvested. $10,000 would have grown to $17,311 in VTV and $16,136 in VIG.
  • Risk. VIG has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -20.4%, against -17.0% for VTV.
  • Diversification. VIG holds 338 positions and VTV holds 331. The ten largest positions make up 34.9% of VIG and 24.3% of VTV.
  • Overlap. At least 44% of the two portfolios overlap by weight, across 53 shared holdings.
  • Dividend growth. VIG grew its yearly payout 7.5% a year over the last 4 years, versus 5.5% for VTV.

Bottom line: VIG fits better if you care most about faster dividend growth. VTV fits better if you care most about more income today, stronger 5-year returns and smaller drawdowns.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricVIG
Vanguard Dividend Appreciation ETF
VTV
Vanguard Morningstar Value ETF
Dividend yield (TTM)1.50%1.85%
Dividend / share (TTM)$3.65$4.16
Payout frequencyQuarterlyQuarterly
Last dividend$0.9295 on Sep 30, 2026$1.0174 on Sep 30, 2026
Ex-dividend dateSep 28, 2026Sep 28, 2026
Dividend growth (CAGR)7.5% over 4 yrs5.5% over 4 yrs
Price$243.07$224.51
Dividend growth streak12 years—
Beta0.820.69
Max drawdown (5Y)-20.4%-17.0%
Market cap$127.69B$251.71B
ExchangeAMEXAMEX
Expense ratio0.04%0.03%
Assets under management$127.70B$251.70B
Number of holdings338331
Top 10 concentration34.9%24.3%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

VIG

$12.50/mo

$150 /yr at 1.50% yield

VTV

$15.46/mo

$186 /yr at 1.85% yield

Dividend history
Total dividends paid per share in each calendar year. VIG pays quarterly; VTV pays quarterly.
YearVIGVTV
2025$3.5580$3.9060
2024$3.3791$3.9158
2023$3.2081$3.6705
2022$2.9725$3.5322
2021$2.6601$3.1569
Strategy: Large-cap value
Funds that hold the cheaper half of the large-cap market by price-to-book, price-to-earnings and similar ratios. They lean toward financials, healthcare, industrials and energy, and pay higher dividends than growth funds because mature companies return more cash to shareholders. Funds tracking different value indexes can differ a lot in how many stocks they hold and how they define cheap.

Value can trail the broad market for years at a time when growth companies lead, as it did for much of the last decade.

What VIG vs VTV actually do

VIG
A fund holding US companies with at least ten consecutive years of dividend increases, deliberately excluding the highest yielders.

It tracks the S&P U.S. Dividend Growers Index, which requires a decade of unbroken annual increases and then removes the top 25% of eligible names by yield. Screening out the highest payers is intentional: an unusually high yield often signals a stretched payout or a falling share price, and the index is built for durability rather than for current income. The result is a lower starting yield than most dividend funds and a portfolio that leans toward large, stable, profitable companies.

Suits a long-horizon investor who cares more about the dividend rising every year than about the size of the first payment. Not appropriate if you need meaningful cash flow from the position today.

Dividend growth, quality tilt

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $16,136 in VIG and $17,311 in VTV.
PeriodVIGVTV
1 month2.56%1.47%
3 months2.30%3.02%
Year to date10.60%17.55%
1 year11.88%20.05%
3 years64.31%74.35%
5 years61.36%73.11%
  • VIG
  • VTV
79131182202120222023202420252026161173

Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • VIG
  • VTV
0%7%14%21%27%Financial Services20.7%22.4%Technology27.4%14.3%Healthcare18.7%16.8%Industrials10.8%13.2%Consumer Defensive9.1%8.7%Energy3.6%8.2%Consumer Cyclical3.9%3.7%Utilities2.7%4.2%Basic Materials3.2%3.1%Communication Services0.5%3.0%Other0.0%2.7%
VIG vs VTV holdings overlap
At least 44% overlap by weight, with 53 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsVIG weightVTV weight
JPMJPMorgan Chase & Co3.89%3.33%
XOMExxonMobil Holdings Corp2.96%2.56%
JNJJohnson & Johnson2.83%2.42%
7DZ.DEExxonMobil Holdings Corp2.46%2.11%
ABBVAbbVie Inc2.05%1.75%
WMTWalmart Inc2.05%1.72%
CSCOCisco Systems Inc1.88%1.45%
CATCaterpillar Inc1.65%1.41%
BACBank of America Corp1.57%1.37%
MRKMerck & Co Inc1.59%1.36%
Top 10 holdings
Largest positions by portfolio weight.

VIG338 holdings total

NameWeight
MSFTMicrosoft Corp4.90%
AAPLApple Inc4.89%
AVGOBroadcom Inc4.30%
LLYEli Lilly & Co4.10%
JPMJPMorgan Chase & Co3.89%
XOMExxonMobil Holdings Corp2.96%
JNJJohnson & Johnson2.83%
VVisa Inc2.53%
7DZ.DEExxonMobil Holdings Corp2.46%
WMTWalmart Inc2.05%

VTV331 holdings total

NameWeight
MUMicron Technology Inc4.56%
JPMJPMorgan Chase & Co3.33%
BRK-BBerkshire Hathaway Inc2.92%
XOMExxonMobil Holdings Corp2.56%
JNJJohnson & Johnson2.42%
7DZ.DEExxonMobil Holdings Corp2.11%
ABBVAbbVie Inc1.75%
WMTWalmart Inc1.72%
CVXChevron Corp1.45%
CSCOCisco Systems Inc1.45%

Quick verdict

VIG fits better if you care most about faster dividend growth. VTV fits better if you care most about more income today, stronger 5-year returns and smaller drawdowns. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is VIG or VTV better for dividend income?
It depends on your goals. VIG currently yields 1.50% Trailing Twelve Months (TTM) while VTV yields 1.85%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between VIG and VTV?
Vanguard Dividend Appreciation ETF (VIG) is an ETF listed on AMEX. Vanguard Morningstar Value ETF (VTV) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, VIG or VTV?
VTV has the lower expense ratio. VIG charges 0.04% a year and VTV charges 0.03%, a difference of $1 a year on a $10,000 investment.
Which has performed better, VIG or VTV?
Over the last 5 years, VTV has the higher total return with dividends reinvested: VIG returned 61.4% and VTV returned 73.1%. Past performance does not predict future returns.
Which is riskier, VIG or VTV?
Measured by the worst peak-to-trough decline over the last five years, VIG has been riskier: VIG fell as much as 20.4% and VTV as much as 17.0%. Their betas are 0.82 and 0.69.
How much do VIG and VTV overlap?
At least 44% of the two portfolios overlap by weight, across 53 shared holdings. The largest shared positions are JPM, XOM, JNJ. Holding both still adds meaningful diversification.
How often do VIG and VTV pay dividends?
Both pay quarterly. The most recent payments were $0.9295 for VIG and $1.0174 for VTV.
How much income does $10,000 in VIG vs VTV generate?
At current TTM yields, $10,000 in VIG would generate roughly $12.50 per month ($150 annually). The same amount in VTV would produce about $15.46 per month ($186 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both VIG and VTV?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare VIG vs VTV with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VIG and VTV fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.