Which returned more over the last year, VO or VTV?

In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and VTV +23.5%.

Which is cheaper, VO or VTV?

Neither: VO and VTV both charge 0.03% a year. Fees come from each fund's prospectus.

How much do VO and VTV overlap with the S&P 500?

By their latest filed holdings, 91% of VO and 98% of VTV by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

VO vs VTV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VO returned +12.8% to VTV's +23.5%; 29% 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 $184.2bn for Vanguard Morningstar Value ETF.

VO on its own →VTV on its own →

At a glance

+12.8%

VO total return, 1 year

+23.5%

VTV total return, 1 year

0.03%

VO expense ratio

0.03%

VTV expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 10.7 points; VTV is 1.8 times larger.

VO vs VTV: Differences, Returns & Fees
Measure	VO	VTV
Return
Measure	VO	VTV
Total return, 1 year	+12.8%	+23.5%
Drawdown
Measure	VO	VTV
Below its high	3.1%, high on Aug 14, 2026
Benchmark
Measure	VO	VTV
What it tracks	Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)	Morningstar US Large Cap Value Index
Cost and size
Measure	VO	VTV
Expense ratio	0.03%	0.03%
Net assets, as of Sep 30, 2026	$103.4bn	$184.2bn
Holdings
Measure	VO	VTV
Holdings in common	29%
Top ten holdings, share of the fund	9.7%	23.6%

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

Risk and return

Feb 6, 2004 to Oct 23, 2026 · 1,185 weekly returns

VO VTV

Return

Total return edge VO +797.9% +716.5%

Annualized edge VO (slight) +10.1% +9.7%

Price return edge VO +546.9% +353.0%

Risk

Volatility edge VTV 19.6% 17.2%

Max drawdown edge Tie −58.4% −59.1%

Risk-adjusted

Sharpe edge VTV (slight) 0.50 0.52

Sortino edge VTV (slight) 0.71 0.73

Calmar edge VO (slight) 0.17 0.16

Reading

VO returned more: +797.9% to +716.5%. VTV swung less: 17.2% to 19.6%. VO and VTV fell about the same at their worst: −58.4% and −59.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: VO vs VTV: Differences, Returns & Fees
Measure	VO	VTV	Edge	How it is measured
Return
Total return	+797.9%	+716.5%	VO	Price change plus distributions, reinvested.
Annualized	+10.1%	+9.7%	VO (slight)	Total return as a yearly rate.
Price return	+546.9%	+353.0%	VO	Price change alone, distributions left out.
Risk
Volatility	19.6%	17.2%	VTV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	13.8%	12.2%	VTV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−58.4%	−59.1%	Tie	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.50	0.52	VTV (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.71	0.73	VTV (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.17	0.16	VO (slight)	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,185 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

29%

By the books each fund has filed, VO and VTV hold 29% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

50%

0 half 100%

half

29% in common

Positions both hold · largest shared weight first VO VTV

Newmont Corp 0.60% 0.46%

Valero Energy Corp 1.10% 0.42%

Marathon Petroleum Corp 1.10% 0.42%

Phillips 66 1.01% 0.39%

Johnson Controls International plc 0.45% 0.34%

Constellation Energy Corp 0.84% 0.32%

Williams Cos Inc 0.41% 0.32%

Hewlett Packard Enterprise Co 0.79% 0.30%

Regeneron Pharmaceuticals Inc 0.38% 0.29%

Ross Stores Inc 0.74% 0.28%

Travelers Cos Inc 0.37% 0.28%

Warner Bros Discovery Inc 0.73% 0.28%

Only in one fund ↓

Only in VO

Cloudflare Inc 1.11%

Quanta Services Inc 0.95%

Vertiv Holdings Co 0.92%

Datadog Inc 0.91%

Howmet Aerospace Inc 0.89%

Robinhood Markets Inc 0.88%

Lumentum Holdings Inc 0.86%

Bloom Energy Corp 0.77%

Only in VTV

Micron Technology Inc 4.56%

JPMorgan Chase & Co 3.33%

Berkshire Hathaway Inc 2.92%

ExxonMobil Holdings Corp 2.56%

Johnson & Johnson 2.42%

AbbVie Inc 1.75%

Walmart Inc 1.72%

Chevron Corp 1.45%

Check overlap with more funds →

Side by side

VO Vanguard Morningstar Mid-Cap ETF VTV Vanguard Morningstar Value ETF

Where it sits Stock ETF Stock ETF

Issuer Vanguard Vanguard

What it is Tracks an index of Mid-Cap Tracks an index of US value

Total return, 1 year +12.8% +23.5%

Expense ratio 0.03% 0.03%

Already in the S&P 500 91.1% 98.1%

Holdings 273 300

Net assets, as of Sep 30, 2026 $103.4bn $184.2bn

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

Client brief · page 1 of 2 Report BR-1BEC94A339

VO and VTV 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 VTV follows Morningstar US Large Cap Value Index.
Holdings in common. 29% of the weight is in the same securities (holdings dated Sep 30, 2026).
One-year total return. Over 1 year to Oct 28, 2026 VO returned +12.8% and VTV +23.5% with distributions reinvested, a gap of 10.7 points.

Data as of Oct 28, 2026.

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About each fund

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.

VTV

VTV tracks an index of US value. Over the year to Oct 28, 2026 it returned +23.5% with distributions reinvested. By its holdings published by its issuer as of Sep 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 300 positions, with the top ten at 23.6%.

Questions people ask

Which returned more over the last year, VO or VTV?: In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and VTV +23.5%.
Which is cheaper, VO or VTV?: Neither: VO and VTV both charge 0.03% a year. Fees come from each fund's prospectus.
How much do VO and VTV overlap with the S&P 500?: By their latest filed holdings, 91% of VO and 98% of VTV by weight is stocks the S&P 500 already holds.

Other comparisons

SCHD vs VO IWD vs VO VO vs VYM DGRO vs VO VTV vs VXF MOAT vs VTV IJH vs VTV MDY vs VTV

Where to next

VO on its own →VTV on its own →Hold both: look the portfolio through →Rankings →VO dividend history →VO holdings →VTV dividend history →VTV holdings →Standards and sources →

Sources and dates

VO and VTV filings on SEC EDGAR ↗

VO and VTV prospectus with the expense ratio (SEC) ↗

Vanguard page for VO ↗

Vanguard page for VTV ↗

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, VO against VTV, data as of Oct 28, 2026. https://etfiq.com/compare/any/vo-vs-vtv

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.