Data as of Oct 28, 2026.

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VGSH vs VOE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VGSH returned +1.7% to VOE's +22.8%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $35.1bn for Vanguard Short-Term Treasury ETF and $22.8bn for Vanguard Morningstar Mid-Cap Value ETF.

At a glance
+1.7%
VGSH total return, 1 year
+22.8%
VOE total return, 1 year
0.03%
VGSH expense ratio
0.05%
VOE expense ratio

Pair scorecard

VGSH costs 0.02 points a year less; their one-year returns differ by 21.1 points; VGSH is 1.5 times larger.

VGSH vs VOE: Differences, Returns & Fees
MeasureVGSHVOE
Return
Total return, 1 year+1.7%+22.8%
Benchmark
What it tracksBloomberg U.S. Treasury 1-3 Year IndexMorningstar US Mid Cap Value Index
Cost and size
Expense ratio0.03%0.05%
Net assets, as of Sep 30, 2026$35.1bn$22.8bn
Holdings
Holdings in common0%
In the S&P 500, by weight96%
Top ten holdings, share of the fund14.0%

Holdings in common uses holdings dated Sep 30, 2026. Method

What they share

0%

By the books each fund has filed, VGSH and VOE hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VGSH VOE
MKTLIQ 0.20% 0.33%
Only in one fund ↓
Only in VGSH
United States Treasury Note/Bond 2.07%
United States Treasury Note/Bond 1.43%
United States Treasury Note/Bond 1.39%
United States Treasury Note/Bond 1.37%
United States Treasury Note/Bond 1.35%
United States Treasury Note/Bond 1.34%
United States Treasury Note/Bond 1.33%
United States Treasury Note/Bond 1.33%
Only in VOE
Valero Energy Corp 1.90%
Marathon Petroleum Corp 1.89%
Phillips 66 1.73%
Hewlett Packard Enterprise Co 1.37%
Warner Bros Discovery Inc 1.25%
SLB Ltd 1.23%
Target Corp 1.21%
Cummins Inc 1.21%
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Side by side

VGSH Vanguard Short-Term Treasury ETF VOE Vanguard Morningstar Mid-Cap Value ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of Short-Term Treasury Tracks an index of Mid-Cap Value
Total return, 1 year +1.7% +22.8%
Its benchmark over the same days +1.8% (SCHO) not measured
Gap to its benchmark −0.1 pts vs SCHO not measured
Expense ratio 0.03% 0.05%
Holdings 93 169
Net assets, as of Sep 30, 2026 $35.1bn $22.8bn

VGSH and VOE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
VGSH

VGSH tracks an index of Short-Term Treasury. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the Bloomberg U.S. Treasury 1-3 Year Index. The prospectus expense ratio is 0.03% a year.

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, VGSH or VOE?
In the year to Oct 28, 2026, with distributions reinvested, VGSH returned +1.7% and VOE +22.8%.
Which is cheaper, VGSH or VOE?
VGSH is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, VGSH against VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/vgsh-vs-voe

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