Data as of Oct 28, 2026.
VDE vs VOE: Differences, Returns & Fees
Over the year to Oct 28, 2026, VDE returned +58.8% to VOE's +22.8%; 14% of their weight is in the same names.
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Net assets on Sep 30, 2026: $10.4bn for Vanguard Energy ETF and $22.8bn for Vanguard Morningstar Mid-Cap Value ETF.
Pair scorecard
VOE costs 0.04 points a year less; their one-year returns differ by 36.0 points; VOE is 2.2 times larger.
| Measure | VDE | VOE |
|---|---|---|
| Return | ||
| Total return, 1 year | +58.8% | +22.8% |
| Benchmark | ||
| What it tracks | MSCI US Investable Market Index (IMI)/Energy 25/50 | Morningstar US Mid Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.05% |
| Net assets, as of Sep 30, 2026 | $10.4bn | $22.8bn |
| Holdings | ||
| Holdings in common | 14% | |
| Top ten holdings, share of the fund | 67.1% | 14.0% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Sep 1, 2006 to Oct 23, 2026 · 1,051 weekly returnsVOE returned more: +515.4% to +301.8%. VOE swung less: 20.4% to 28.3%. VOE fell less at its worst: −61.2% to −72.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VDE | VOE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +301.8% | +515.4% | VOE | Price change plus distributions, reinvested. |
| Annualized | +7.1% | +9.4% | VOE | Total return as a yearly rate. |
| Price return | +135.7% | +301.7% | VOE | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 28.3% | 20.4% | VOE | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 20.4% | 14.5% | VOE | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −72.2% | −61.2% | VOE | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.33 | 0.46 | VOE | Return above Treasury bills per unit of volatility. |
| Sortino | 0.46 | 0.65 | VOE | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.10 | 0.15 | VOE | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,051 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VDE and VOE hold 14% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
14% in common
Only in one fund ↓
Side by side
VDE and VOE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VDE and VOE do different jobs. What does each one do in a portfolio?
- What each follows. VDE follows MSCI US Investable Market Index (IMI)/Energy 25/50 and VOE follows Morningstar US Mid Cap Value Index.
- Holdings in common. 14% of the weight is in the same securities (holdings dated Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VDE returned +58.8% and VOE +22.8% with distributions reinvested, a gap of 36.0 points.
Data as of Oct 28, 2026.
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VDE
VDE tracks an index of Energy. Over the year to Oct 28, 2026 it returned +58.8% with distributions reinvested, against +59.0% for its benchmark, the MSCI US Investable Market Index (IMI)/Energy 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 81% of the fund by weight is stocks the S&P 500 also holds, across 113 positions, with the top ten at 67.1%.
VOE
VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.
Questions people ask
- Which returned more over the last year, VDE or VOE?
- In the year to Oct 28, 2026, with distributions reinvested, VDE returned +58.8% and VOE +22.8%.
- Which is cheaper, VDE or VOE?
- VOE is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, VDE against VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/vde-vs-voe
ETFIQ. (Oct 28, 2026). VDE against VOE. Retrieved from https://etfiq.com/compare/any/vde-vs-voe
[VDE against VOE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vde-vs-voe)
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