Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
VIG vs VOE: how they differ
VIG and VOE hold 10% of their weight in the same names, and VOE returned more over the year.
Vanguard Dividend Appreciation Index Fund and Vanguard Mid-Cap Value Index Fund.
What they hold in common
By the books each fund has filed, VIG and VOE hold 10% of their money in the same securities at the same weight.
| Holding | VIG | VOE |
|---|---|---|
| Cummins Inc | 0.42% | 1.71% |
| American Electric Power Co Inc | 0.34% | 0.65% |
| Phillips 66 | 0.33% | 1.18% |
| Air Products and Chemicals Inc | 0.30% | 0.57% |
| Aon PLC | 0.30% | 0.58% |
| Travelers Cos Inc/The | 0.30% | 0.61% |
| TE Connectivity PLC | 0.28% | 1.02% |
| Sempra | 0.28% | 1.05% |
| Cencora Inc | 0.27% | 0.91% |
| L3Harris Technologies Inc | 0.27% | 0.94% |
| Allstate Corp/The | 0.26% | 1.06% |
| Entergy Corp | 0.24% | 0.95% |
| Only in VIG | Only in VOE |
|---|---|
| Broadcom Inc 5.21% | Valero Energy Corp 1.34% |
| Apple Inc 4.10% | Marathon Petroleum Corp 1.29% |
| Microsoft Corp 3.99% | CRH PLC 1.24% |
| JPMorgan Chase & Co 3.61% | United Rentals Inc 1.23% |
| Eli Lilly & Co 3.36% | General Motors Co 1.21% |
| Exxon Mobil Corp 2.92% | SLB Ltd 1.21% |
| Walmart Inc 2.62% | Simon Property Group Inc 1.20% |
| Johnson & Johnson 2.51% | Warner Bros Discovery Inc 1.10% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| VIG Vanguard Dividend Appreciation Index Fund | VOE Vanguard Mid-Cap Value Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | Vanguard |
| What it is | Dividend growth | Mid-Cap Value |
| Total return, 1 year | +12.4% | +20.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −5.1 pts | +2.7 pts |
| Expense ratio | 0.04% | 0.05% |
| Already in the S&P 500 | 95.7% | 96.6% |
| Holdings | 332 | 170 |
VIG in plain words
VIG is an index equity fund tracking the Dividend growth. Over the year to Sep 11, 2026 it returned +12.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.04% a year. By its holdings filed for Apr 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 332 positions, with the top ten at 32.7%.
VOE in plain words
VOE is an index equity fund tracking the Mid-Cap Value. Over the year to Sep 11, 2026 it returned +20.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for Jun 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 12.7%.
Questions people ask
- Which returned more over the last year, VIG or VOE?
- In the year to Sep 12, 2026, with distributions reinvested, VIG returned +12.4% and VOE returned +20.2%, so VOE returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VIG or VOE?
- VIG charges 0.04% a year and VOE charges 0.05%, so VIG is cheaper. Fees come from each fund's prospectus.
- How much do VIG and VOE overlap with the S&P 500?
- By their latest filed holdings, 96% of VIG and 97% of VOE by weight is stocks the S&P 500 already holds. Between the two funds, 10% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, VIG against VOE, data as of Sep 12, 2026. https://etfiq.com/compare/any/VIG-VOE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources