Dividend comparison
VTV vs VUG: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard Morningstar Value ETF and Vanguard Morningstar Growth ETF, side by side. Updated October 21, 2026.
VTV vs VUG: 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 0.39% for VUG. That is about $146 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, VUG returned 78.4% versus 73.1% for VTV, with dividends reinvested. $10,000 would have grown to $17,845 in VUG and $17,311 in VTV.
- Risk. VUG has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -35.6%, against -17.0% for VTV.
- Diversification. VTV holds 331 positions and VUG holds 166. The ten largest positions make up 24.3% of VTV and 63.1% of VUG.
- Overlap. At least 3% of the two portfolios overlap by weight, across 10 shared holdings. They mostly own different companies, so they can complement each other.
- Dividend growth. VUG grew its yearly payout 6.9% a year over the last 4 years, versus 5.5% for VTV.
Bottom line: VTV fits better if you care most about more income today, smaller drawdowns and broader diversification. VUG fits better if you care most about stronger 5-year returns and faster dividend growth.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | VTV Vanguard Morningstar Value ETF | VUG Vanguard Morningstar Growth ETF |
|---|---|---|
| Dividend yield (TTM) | 1.85% | 0.39% |
| Dividend / share (TTM) | $4.16 | $0.35 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $1.0174 on Sep 30, 2026 | $0.0910 on Sep 30, 2026 |
| Ex-dividend date | Sep 28, 2026 | Sep 28, 2026 |
| Dividend growth (CAGR) | 5.5% over 4 yrs | 6.9% over 4 yrs |
| Price | $224.51 | $88.67 |
| Dividend growth streak | — | 3 years |
| Beta | 0.69 | 1.27 |
| Max drawdown (5Y) | -17.0% | -35.6% |
| Market cap | $251.71B | $392.24B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.03% | 0.03% |
| Assets under management | $251.70B | $392.20B |
| Number of holdings | 331 | 166 |
| Top 10 concentration | 24.3% | 63.1% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
VTV
$15.46/mo
$186 /yr at 1.85% yield
VUG
$3.25/mo
$39 /yr at 0.39% yield
Dividend history
Total dividends paid per share in each calendar year. VTV pays quarterly; VUG pays quarterly.
| Year | VTV | VUG |
|---|---|---|
| 2025 | $3.9060 | $0.3351 |
| 2024 | $3.9158 | $0.3188 |
| 2023 | $3.6705 | $0.3003 |
| 2022 | $3.5322 | $0.2499 |
| 2021 | $3.1569 | $0.2567 |
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 $17,311 in VTV and $17,845 in VUG.
| Period | VTV | VUG |
|---|---|---|
| 1 month | 1.47% | 0.01% |
| 3 months | 3.02% | 4.01% |
| Year to date | 17.55% | 9.40% |
| 1 year | 20.05% | 10.23% |
| 3 years | 74.35% | 99.93% |
| 5 years | 73.11% | 78.45% |
- VTV
- VUG
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.
- VTV
- VUG
VTV vs VUG holdings overlap
At least 3% overlap by weight, with 10 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 | VTV weight | VUG weight |
|---|---|---|
| INTCIntel Corp | 0.68% | 1.45% |
| GEGeneral Electric Co | 0.61% | 0.45% |
| TXNTexas Instruments Inc | 0.48% | 0.36% |
| MCDMcDonald's Corp | 0.31% | 0.24% |
| DELLDell Technologies Inc | 0.30% | 0.23% |
| UBERUber Technologies Inc | 0.50% | 0.22% |
| ADBEAdobe Inc | 0.36% | 0.18% |
| SYKStryker Corp | 0.36% | 0.17% |
| INTUIntuit Inc | 0.29% | 0.15% |
| SHWSherwin-Williams Co/The | 0.30% | 0.12% |
Top 10 holdings
Largest positions by portfolio weight.
VTV331 holdings total
Quick verdict
VTV fits better if you care most about more income today, smaller drawdowns and broader diversification. VUG fits better if you care most about stronger 5-year returns and faster dividend growth. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how VTV vs VUG fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is VTV or VUG better for dividend income?
It depends on your goals. VTV currently yields 1.85% Trailing Twelve Months (TTM) while VUG yields 0.39%. 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 VTV and VUG?
Vanguard Morningstar Value ETF (VTV) is an ETF listed on AMEX. Vanguard Morningstar Growth ETF (VUG) 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, VTV or VUG?
They cost about the same: VTV charges 0.03% a year and VUG charges 0.03%.
Which has performed better, VTV or VUG?
Over the last 5 years, VUG has the higher total return with dividends reinvested: VTV returned 73.1% and VUG returned 78.4%. Past performance does not predict future returns.
Which is riskier, VTV or VUG?
Measured by the worst peak-to-trough decline over the last five years, VUG has been riskier: VTV fell as much as 17.0% and VUG as much as 35.6%. Their betas are 0.69 and 1.27.
How much do VTV and VUG overlap?
At least 3% of the two portfolios overlap by weight, across 10 shared holdings. The largest shared positions are INTC, GE, TXN. Holding both still adds meaningful diversification.
How often do VTV and VUG pay dividends?
Both pay quarterly. The most recent payments were $1.0174 for VTV and $0.0910 for VUG.
How much income does $10,000 in VTV vs VUG generate?
At current TTM yields, $10,000 in VTV would generate roughly $15.46 per month ($186 annually). The same amount in VUG would produce about $3.25 per month ($39 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both VTV and VUG?
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 VTV vs VUG with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VTV and VUG 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.