Dividend comparison

VOO vs VTV: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard S&P 500 ETF and Vanguard Morningstar Value ETF, side by side. Updated October 21, 2026.

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VOO vs VTV: key differences
The short answer, from the latest data on this page.
  • Fees. Both charge about 0.03% a year, so cost is not what separates them.
  • Income. VTV pays more income, yielding 1.85% over the last twelve months versus 1.05% for VOO. That is about $80 more a year on $10,000. Both pay quarterly.
  • Performance. Over the last 5 years, VOO returned 81.8% versus 73.1% for VTV, with dividends reinvested. $10,000 would have grown to $18,178 in VOO and $17,311 in VTV.
  • Risk. VOO has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -24.5%, against -17.0% for VTV.
  • Diversification. VOO holds 505 positions and VTV holds 331. The ten largest positions make up 39.1% of VOO and 24.3% of VTV.
  • Overlap. At least 26% of the two portfolios overlap by weight, across 63 shared holdings.
  • Dividend growth. VOO grew its yearly payout 6.8% a year over the last 4 years, versus 5.5% for VTV.
  • Size. VOO is the larger fund with $1.7 trillion in assets, against $251.7 billion for VTV.

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

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricVOO
Vanguard S&P 500 ETF
VTV
Vanguard Morningstar Value ETF
Dividend yield (TTM)1.05%1.85%
Dividend / share (TTM)$7.43$4.16
Payout frequencyQuarterlyQuarterly
Last dividend$1.8226 on Sep 30, 2026$1.0174 on Sep 30, 2026
Ex-dividend dateSep 28, 2026Sep 28, 2026
Dividend growth (CAGR)6.8% over 4 yrs5.5% over 4 yrs
Price$706.80$224.51
Dividend growth streak5 years—
Beta1.010.69
Max drawdown (5Y)-24.5%-17.0%
Market cap$1.70T$251.71B
ExchangeAMEXAMEX
Expense ratio0.03%0.03%
Assets under management$1.70T$251.70B
Number of holdings505331
Top 10 concentration39.1%24.3%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

VOO

$8.76/mo

$105 /yr at 1.05% yield

VTV

$15.46/mo

$186 /yr at 1.85% yield

Dividend history
Total dividends paid per share in each calendar year. VOO pays quarterly; VTV pays quarterly.
YearVOOVTV
2025$7.0678$3.9060
2024$6.7035$3.9158
2023$6.3572$3.6705
2022$5.9467$3.5322
2021$5.4367$3.1569
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 VTV 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

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,178 in VOO and $17,311 in VTV.
PeriodVOOVTV
1 month0.97%1.47%
3 months3.87%3.02%
Year to date13.68%17.55%
1 year15.84%20.05%
3 years89.23%74.35%
5 years81.78%73.11%
  • VOO
  • VTV
73132190202120222023202420252026182173

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.
  • VOO
  • VTV
0%10%20%30%40%Technology40.5%14.3%Financial Services11.1%22.4%Healthcare9.3%16.8%Industrials7.5%13.2%Consumer Defensive4.3%8.7%Communication Services9.9%3.0%Consumer Cyclical8.8%3.7%Energy3.4%8.2%Utilities1.9%4.2%Basic Materials1.6%3.1%Other1.7%2.7%
VOO vs VTV holdings overlap
At least 26% overlap by weight, with 63 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 holdingsVOO weightVTV weight
MUMicron Technology Inc1.83%4.56%
BRK-BBerkshire Hathaway Inc1.41%2.92%
JPMJPMorgan Chase & Co1.33%3.33%
XOMExxonMobil Holdings Corp1.02%2.56%
JNJJohnson & Johnson0.97%2.42%
7DZ.DEExxonMobil Holdings Corp0.88%2.11%
WMTWalmart Inc0.70%1.72%
ABBVAbbVie Inc0.70%1.75%
INTCIntel Corp0.91%0.68%
CSCOCisco Systems Inc0.64%1.45%
Top 10 holdings
Largest positions by portfolio weight.

VOO505 holdings total

NameWeight
NVDANVIDIA Corp8.39%
AAPLApple Inc7.38%
MSFTMicrosoft Corp5.78%
AMZNAmazon.com Inc3.71%
GOOGLAlphabet Inc3.07%
AVGOBroadcom Inc2.54%
GOOGAlphabet Inc2.45%
METAMeta Platforms Inc2.43%
MUMicron Technology Inc1.83%
TSLATesla Inc1.52%

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

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

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Frequently asked questions

Is VOO or VTV better for dividend income?
It depends on your goals. VOO currently yields 1.05% 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 VOO and VTV?
Vanguard S&P 500 ETF (VOO) 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, VOO or VTV?
They cost about the same: VOO charges 0.03% a year and VTV charges 0.03%.
Which has performed better, VOO or VTV?
Over the last 5 years, VOO has the higher total return with dividends reinvested: VOO returned 81.8% and VTV returned 73.1%. Past performance does not predict future returns.
Which is riskier, VOO or VTV?
Measured by the worst peak-to-trough decline over the last five years, VOO has been riskier: VOO fell as much as 24.5% and VTV as much as 17.0%. Their betas are 1.01 and 0.69.
How much do VOO and VTV overlap?
At least 26% of the two portfolios overlap by weight, across 63 shared holdings. The largest shared positions are MU, BRK-B, JPM. Holding both still adds meaningful diversification.
How often do VOO and VTV pay dividends?
Both pay quarterly. The most recent payments were $1.8226 for VOO and $1.0174 for VTV.
How much income does $10,000 in VOO vs VTV generate?
At current TTM yields, $10,000 in VOO would generate roughly $8.76 per month ($105 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 VOO 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 VOO vs VTV with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VOO 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.