Dividend comparison

VOO vs VTI: Which Is Better for Income?

Side-by-side yield, projected income, and dividend fundamentals for Vanguard S&P 500 ETF and Vanguard Morningstar Total Stock Market ETF. Updated September 8, 2026.

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Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricVOO
Vanguard S&P 500 ETF
VTI
Vanguard Morningstar Total Stock Market ETF
Dividend yield (TTM)1.04%1.03%
Dividend / share (TTM)$7.35$3.90
Price$708.01$379.73
Payout ratio (TTM)——
Dividend growth streak5 years5 years
Beta1.011.02
Market cap$1.72T$2.29T
ExchangeAMEXAMEX
Expense ratio0.03%0.03%
Assets under management$1.70T$2.30T
Number of holdings5053598
Top 10 concentration37.6%33.2%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

VOO

$8.65/mo

$104 /yr at 1.04% yield

VTI

$8.56/mo

$103 /yr at 1.03% yield

Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.

Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.

What VOO vs VTI actually do

VOO
Vanguard's S&P 500 tracker, holding the 500 large-cap US companies in the index at their market-cap weights.

It replicates the index in full and makes no attempt to pick winners, so its return is the index return less a very small fee. As an open-end fund it can lend securities and put incoming dividends back to work inside the portfolio between the quarterly payment dates. Dividends are whatever the underlying companies happen to pay, which means yield is an output of the strategy and never a target of it.

Suits almost any long-horizon US equity allocation, including as the growth engine sitting behind higher-yielding income positions. Not a fit for someone whose portfolio needs to produce meaningful current cash flow.

Core holding

VTI
A single fund holding effectively the entire investable US stock market, roughly 3,500 companies from mega-cap down to micro-cap.

It tracks the CRSP US Total Market Index at market-cap weights, so the largest 500 names still dominate the return and it behaves much like an S&P 500 fund in practice. The difference is the long tail of mid, small and micro-cap companies that an S&P 500 fund leaves out entirely. Over a full cycle that tail changes the risk profile more than it changes the headline return, and dividend yield sits slightly below a large-cap-only fund because smaller companies pay out less.

Suits an investor who wants one holding to cover US equity without deciding where the size cutoff should sit. Not an income vehicle, and it adds no geographic diversification.

Core holding

Performance
Trailing returns from the adjusted closing price series.
PeriodVOOVTI
1 month-0.14%-0.29%
3 months2.01%1.99%
Year to date13.58%13.94%
1 year20.07%20.00%
3 years77.56%75.81%
5 years82.44%73.85%
  • VOO
  • VTI
71131191202120222023202420252026182174

Both series indexed to 100 on 2021-09-04 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.
  • VOO
  • VTI
0%9%19%28%37%Technology37.4%35.2%Financial Services12.2%12.5%Healthcare9.1%9.8%Consumer Cyclical9.6%9.3%Communication Services9.9%8.9%Industrials8.2%9.3%Consumer Defensive4.6%4.4%Energy3.4%3.6%Utilities2.1%2.1%Real Estate1.9%2.4%Other1.6%2.5%
Top 10 holdings
Largest positions by portfolio weight.

VOO505 holdings total

NameWeight
NVDANVIDIA Corp7.55%
AAPLApple Inc7.04%
MSFTMicrosoft Corp5.36%
AMZNAmazon.com Inc4.13%
GOOGLAlphabet Inc3.24%
AVGOBroadcom Inc2.86%
GOOGAlphabet Inc2.62%
METAMeta Platforms Inc1.90%
JPMJPMorgan Chase & Co1.46%
BRK-BBerkshire Hathaway Inc1.46%

VTI3598 holdings total

NameWeight
NVDANVIDIA Corp6.39%
AAPLApple Inc6.28%
MSFTMicrosoft Corp4.78%
AMZNAmazon.com Inc3.64%
GOOGLAlphabet Inc2.89%
AVGOBroadcom Inc2.55%
GOOGAlphabet Inc2.31%
METAMeta Platforms Inc1.69%
LLYEli Lilly & Co1.35%
JPMJPMorgan Chase & Co1.31%

Quick verdict

VOO currently posts the higher TTM yield (1.04%). VOO yields 1.04%; VTI yields 1.03%. Choose based on whether you prioritize current cash flow, dividend growth, or total return — then model the holding inside your real portfolio.

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Frequently asked questions

Is VOO or VTI better for dividend income?
It depends on your goals. VOO currently yields 1.04% Trailing Twelve Months (TTM) while VTI yields 1.03%. 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 VOO and VTI?
Vanguard S&P 500 ETF (VOO) is an ETF listed on AMEX. Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, price, payout ratio, dividend growth streak, beta, and market cap when available.
How much income does $10,000 in VOO vs VTI generate?
At current TTM yields, $10,000 in VOO would generate roughly $8.65 per month ($104 annually). The same amount in VTI would produce about $8.56 per month ($103 annually). Actual payouts vary with distribution changes and reinvestment.
Which has the higher dividend yield, VOO or VTI?
VOO currently has the higher TTM dividend yield at 1.04%, compared with 1.03% for VTI. Yield alone is not a complete measure of income quality — check payout ratio, streak, and NAV behavior.
Can I hold both VOO and VTI?
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 VOO vs VTI with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VOO and VTI 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.