Dividend comparison
VOOG vs VOOV: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard S&P 500 Growth ETF and Vanguard S&P 500 Value ETF, side by side. Updated October 21, 2026.
VOOG vs VOOV: key differences
The short answer, from the latest data on this page.
- Fees. Both charge about 0.07% a year, so cost is not what separates them.
- Income. VOOV pays more income, yielding 1.64% over the last twelve months versus 0.46% for VOOG. That is about $118 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, VOOG returned 85.8% versus 68.1% for VOOV, with dividends reinvested. $10,000 would have grown to $18,584 in VOOG and $16,805 in VOOV.
- Risk. VOOG has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -32.7%, against -18.1% for VOOV.
- Diversification. VOOV holds 398 positions and VOOG holds 212. The ten largest positions make up 60.2% of VOOG and 24.7% of VOOV.
- Overlap. At least 20% of the two portfolios overlap by weight, across 23 shared holdings.
- Dividend growth. VOOG grew its yearly payout 7.8% a year over the last 4 years, versus 6.2% for VOOV.
- Size. VOOG is the larger fund with $27.9 billion in assets, against $6.8 billion for VOOV.
Bottom line: VOOG fits better if you care most about stronger 5-year returns and faster dividend growth. VOOV fits better if you care most about more income today, smaller drawdowns and broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | VOOG Vanguard S&P 500 Growth ETF | VOOV Vanguard S&P 500 Value ETF |
|---|---|---|
| Dividend yield (TTM) | 0.46% | 1.64% |
| Dividend / share (TTM) | $0.39 | $3.75 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.1050 on Sep 25, 2026 | $0.9496 on Sep 25, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 23, 2026 |
| Dividend growth (CAGR) | 7.8% over 4 yrs | 6.2% over 4 yrs |
| Price | $84.15 | $228.99 |
| Dividend growth streak | 1 year | — |
| Beta | 1.17 | 0.84 |
| Max drawdown (5Y) | -32.7% | -18.1% |
| Market cap | $27.90B | $6.80B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.07% | 0.07% |
| Assets under management | $27.90B | $6.80B |
| Number of holdings | 212 | 398 |
| Top 10 concentration | 60.2% | 24.7% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
VOOG
$3.83/mo
$46 /yr at 0.46% yield
VOOV
$13.63/mo
$164 /yr at 1.64% yield
Dividend history
Total dividends paid per share in each calendar year. VOOG pays quarterly; VOOV pays quarterly.
| Year | VOOG | VOOV |
|---|---|---|
| 2025 | $0.3625 | $3.5962 |
| 2024 | $0.2981 | $3.8741 |
| 2023 | $0.5075 | $2.8343 |
| 2022 | $0.3279 | $3.0639 |
| 2021 | $0.2685 | $2.8271 |
Strategy: Large-cap growth
Funds that hold the faster-growing half of the large-cap market, selected by measures like earnings growth, sales growth and price momentum. In practice that means heavy weights in technology and communication companies, with the largest few names often making up a third of the fund or more. Dividends are small because growth companies reinvest their cash instead of paying it out.
Concentration in a handful of mega-cap stocks makes these funds swing harder than the broad market in both directions, and they offer little current income.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,584 in VOOG and $16,805 in VOOV.
| Period | VOOG | VOOV |
|---|---|---|
| 1 month | -0.12% | 1.84% |
| 3 months | 4.03% | 2.62% |
| Year to date | 13.98% | 11.78% |
| 1 year | 15.83% | 13.77% |
| 3 years | 109.80% | 63.92% |
| 5 years | 85.84% | 68.05% |
- VOOG
- VOOV
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.
- VOOG
- VOOV
VOOG vs VOOV holdings overlap
At least 20% overlap by weight, with 23 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 holdings | VOOG weight | VOOV weight |
|---|---|---|
| AAPLApple Inc | 6.59% | 8.33% |
| AMZNAmazon.com Inc | 3.52% | 3.94% |
| TSLATesla Inc | 1.68% | 1.30% |
| JPMJPMorgan Chase & Co | 1.62% | 0.96% |
| VVisa Inc | 0.91% | 0.94% |
| JNJJohnson & Johnson | 1.02% | 0.90% |
| CSCOCisco Systems Inc | 0.61% | 0.68% |
| ABBVAbbVie Inc | 0.58% | 0.86% |
| MAMastercard Inc | 0.81% | 0.50% |
| PANWPalo Alto Networks Inc | 0.49% | 0.49% |
Top 10 holdings
Largest positions by portfolio weight.
VOOG212 holdings total
Quick verdict
VOOG fits better if you care most about stronger 5-year returns and faster dividend growth. VOOV fits better if you care most about more income today, smaller drawdowns and broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is VOOG or VOOV better for dividend income?
It depends on your goals. VOOG currently yields 0.46% Trailing Twelve Months (TTM) while VOOV yields 1.64%. 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 VOOG and VOOV?
Vanguard S&P 500 Growth ETF (VOOG) is an ETF listed on AMEX. Vanguard S&P 500 Value ETF (VOOV) 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, VOOG or VOOV?
They cost about the same: VOOG charges 0.07% a year and VOOV charges 0.07%.
Which has performed better, VOOG or VOOV?
Over the last 5 years, VOOG has the higher total return with dividends reinvested: VOOG returned 85.8% and VOOV returned 68.1%. Past performance does not predict future returns.
Which is riskier, VOOG or VOOV?
Measured by the worst peak-to-trough decline over the last five years, VOOG has been riskier: VOOG fell as much as 32.7% and VOOV as much as 18.1%. Their betas are 1.17 and 0.84.
How much do VOOG and VOOV overlap?
At least 20% of the two portfolios overlap by weight, across 23 shared holdings. The largest shared positions are AAPL, AMZN, TSLA. Holding both still adds meaningful diversification.
How often do VOOG and VOOV pay dividends?
Both pay quarterly. The most recent payments were $0.1050 for VOOG and $0.9496 for VOOV.
How much income does $10,000 in VOOG vs VOOV generate?
At current TTM yields, $10,000 in VOOG would generate roughly $3.83 per month ($46 annually). The same amount in VOOV would produce about $13.63 per month ($164 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both VOOG and VOOV?
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 VOOG vs VOOV with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VOOG and VOOV 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.