VOO vs VTV: Which ETF Is Better in 2026?
A metric-by-metric comparison of Vanguard S&P 500 ETF (VOO) and Vanguard Value Index Fund ETF Shares (VTV) — both US Large Cap Blend / US Large Cap Value funds — using ETFValuer's daily-updated rankings.
Educational content — not financial advice. Data as of July 25, 2026. ~5 minute read.
The Verdict
VOO (US Large Cap Blend) and VTV (US Large Cap Value) sit in different corners of the market, so this is less a head-to-head than a question of what role each would play. They can be complements rather than alternatives — the metrics below show how differently the two have actually behaved.
On ETFValuer's overall model — which blends return, risk-adjusted performance, cost, drawdown, size and volatility — VTV scores higher: 86.5 (Grade A) versus 76.0 for VOO. That doesn't make VOO a bad fund; it means VTV currently edges it out on this specific mix of factors. Read the metric-by-metric breakdown below before deciding which matters more for your own portfolio.
Head-to-Head: Every Metric
| VOO | VTV | |
|---|---|---|
| Category | US Large Cap Blend | US Large Cap Value |
| Expense ratio | 0.03% | 0.03% |
| Fund size (AUM) | $1.67T | $254.5B |
| Dividend yield | 0.80% | 1.38% |
| 1-year return | +17.89% | +24.96% |
| 3-year return | +67.91% | +61.07% |
| Volatility | 12.62% | 10.28% |
| Max drawdown | -18.69% | -14.52% |
| Sharpe ratio | 1.02 | 1.94 |
| ETFValuer score | 76.0 | 86.5 |
| Grade | B+ | A |
| Overall rank | #39 | #1 |
Bold marks the better value in each row. "Better" is directional only (e.g. lower cost, higher return) — it isn't a recommendation by itself. See the full methodology.
Cost
On cost, the two are essentially tied — VOO charges 0.03% a year versus VTV's 0.03%. A difference this small (about $0.00 a year on a $10,000 position) isn't a reason to choose one fund over the other.
What VOO's Fees Cost You
VOO charges an expense ratio of 0.03% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
Performance & Risk
Over the trailing 3 years, VOO returned +67.91% versus +61.07% for VTV — a gap of about 6.8 percentage points. On risk, VTV has held up better historically, with a shallower max drawdown (-14.52% vs. -18.69%). VTV currently has the better risk-adjusted return (Sharpe ratio of 1.94 vs. 1.02), meaning it delivered more return per unit of volatility taken on.
How Closely Do They Track Each Other?
Over the last 3.0 years of daily returns (752 shared trading days), VOO and VTV show a strong correlation of 0.819 — clearly related, with room to diverge. There is some genuine differentiation here, but not enough to call these complementary holdings. Pairing them mostly concentrates risk rather than spreading it.
| Measure | Value | What it means |
|---|---|---|
| Daily return correlation | 0.819 | Strong — clearly related, with room to diverge |
| R-squared | 67.1% | 67.1% of VOO's daily moves are explained by VTV's |
| Tracking error (annualised) | 8.56% | Typical yearly spread between the two funds' returns |
| Annualised return over 3.0y | VOO +19.14% · VTV +17.28% | VOO ahead by 1.86 points a year |
Correlation alone understates how far these can drift. Across every rolling 12-month window in the period, VOO finished as much as +12.5 points ahead of VTV at the best extreme and -7.0 points at the worst — a 19.5-point spread between the best and worst year of relative performance. Two funds can correlate tightly day to day and still deliver very different outcomes over any single year you happen to hold them.
Calculated from daily total returns over the trailing 3-year window, recomputed every day this site refreshes. Correlation of 1.00 means the two funds moved in lockstep; 0.00 means their daily moves were unrelated.
Holdings Overlap
VOO and VTV hold 1 of the same companies among their top 10 positions. Those shared names make up 1.6% of VOO and 3.1% of VTV. That's modest duplication — the funds are mostly distinct at the top, so holding both can still add diversification.
| Shared Holding | VOO Weight | VTV Weight |
|---|---|---|
| Berkshire Hathaway Inc | 1.57% | 3.06% |
Compares the top 10 reported holdings from each fund's most recent SEC N-PORT-P filing, so it understates total overlap — funds tracking similar indexes overlap far more deeply than the top 10 alone can show. Search any company across all tracked funds with the Stock Overlap tool.
Which One Should You Pick?
Lean VOO if…
- You weight recent results heavily — it returned 67.9% over 3 years against 61.1%
- You want the deeper, more liquid market ($1671B in assets vs $254B) and the tighter spread (0.065% vs 0.566%)
Lean VTV if…
- Current income matters to you — it yields 1.38% against 0.80%
- It has been the calmer ride (10.3% volatility vs 12.6%) with a shallower worst-case fall (-14.5% vs -18.7%)
- You care about return per unit of risk — its Sharpe ratio of 1.94 beats 1.02
These two are not really substitutes, so "both, in some proportion" is often the right answer rather than picking one. Model the blend with the Portfolio Blender.
Frequently Asked Questions
Is VOO or VTV better?
On ETFValuer's overall model — which blends return, risk-adjusted performance, cost, drawdown, size and volatility — VTV scores higher: 86.5 (Grade A) versus 76.0 for VOO. That doesn't make VOO a bad fund; it means VTV currently edges it out on this specific mix of factors. Read the metric-by-metric breakdown below before deciding which matters more for your own portfolio.
Which has the lower expense ratio, VOO or VTV?
VTV currently has the lower expense ratio (0.03% vs. 0.03%).
Can I hold both VOO and VTV?
Yes, and it may be worth doing. VOO and VTV correlate at only 0.82 over the past 3.0 years, so they behave differently enough that holding both is a genuine diversification decision rather than a redundant one. Size each to the role you want it to play.
Go deeper on either fund
Full daily-updated metrics, holdings context, and category peers.