Data as of Oct 28, 2026.
VO vs VT: Differences, Returns & Fees
Over the year to Oct 28, 2026, VO returned +12.8% to VT's +13.5%; 9% of their weight is in the same names.
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Net assets on Sep 30, 2026: $103.4bn for Vanguard Morningstar Mid-Cap ETF and $81.8bn for Vanguard Total World Stock Index ETF.
Pair scorecard
VO costs 0.03 points a year less; their one-year returns differ by 0.7 points; VO is 1.3 times larger.
| Measure | VO | VT |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.8% | +13.5% |
| Drawdown | ||
| Below its high | 3.1%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index) | FTSE Global All Cap Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.06% |
| Net assets, as of Sep 30, 2026 | $103.4bn | $81.8bn |
| Holdings | ||
| Holdings in common | 9% | |
| Top ten holdings, share of the fund | 9.7% | 22.5% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Jul 3, 2008 to Oct 23, 2026 · 955 weekly returnsVO returned more: +532.4% to +371.6%. VT swung less: 18.3% to 20.5%. VT fell slightly less at its worst: −48.3% to −50.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VO | VT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +532.4% | +371.6% | VO | Price change plus distributions, reinvested. |
| Annualized | +10.6% | +8.8% | VO | Total return as a yearly rate. |
| Price return | +379.1% | +221.4% | VO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.5% | 18.3% | VT | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.5% | 13.1% | VT (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −50.2% | −48.3% | VT (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.52 | 0.48 | VO (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.74 | 0.66 | VO | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.21 | 0.18 | VO | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 955 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VO and VT hold 9% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
9% in common
Only in one fund ↓
Side by side
VO and VT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VO and VT do different jobs. What does each one do in a portfolio?
- What each follows. VO follows Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index) and VT follows FTSE Global All Cap Index.
- Holdings in common. 9% of the weight is in the same securities (holdings dated Sep 30, 2026).
- Number of holdings. VO holds 273 positions and VT holds 10194.
Data as of Oct 28, 2026.
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VO
VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.
VT
VT tracks an index of Total World Stock. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 55% of the fund by weight is stocks the S&P 500 also holds, across 10,194 positions, with the top ten at 22.5%.
Questions people ask
- Which returned more over the last year, VO or VT?
- In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and VT +13.5%.
- Which is cheaper, VO or VT?
- VO is cheaper, by 0.03 percentage points a year. That is about $3 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.
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ETFIQ, VO against VT, data as of Oct 28, 2026. https://etfiq.com/compare/any/vo-vs-vt
ETFIQ. (Oct 28, 2026). VO against VT. Retrieved from https://etfiq.com/compare/any/vo-vs-vt
[VO against VT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vo-vs-vt)
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