Data as of Oct 28, 2026.

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VOE vs VOOG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VOE returned +22.8% to VOOG's +12.1%; 2% of their weight is in the same names.

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Net assets on Sep 30, 2026: $22.8bn for Vanguard Morningstar Mid-Cap Value ETF and $27.8bn for Vanguard S&P 500 Growth ETF.

At a glance
+22.8%
VOE total return, 1 year
+12.1%
VOOG total return, 1 year
0.05%
VOE expense ratio
0.05%
VOOG expense ratio

Pair scorecard

Both cost 0.05% a year; their one-year returns differ by 10.7 points; VOOG is 1.2 times larger.

Points (pts) are percentage points.

VOE vs VOOG: Differences, Returns & Fees
MeasureVOEVOOG
Return
Total return, 1 year+22.8%+12.1%
Drawdown
Below its high4.1%, high on Oct 6, 2026
Benchmark
What it tracksMorningstar US Mid Cap Value IndexS&P 500 Growth Index
Cost and size
Expense ratio0.05%0.05%
Net assets, as of Sep 30, 2026$22.8bn$27.8bn
Holdings
Holdings in common2%
Top ten holdings, share of the fund14.0%60.2%

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

Risk and return

Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns
VOE VOOG
Return
Total return edge VOOG +522.4% +1,043.0%
Annualized edge VOOG +12.0% +16.3%
Price return edge VOOG +338.3% +845.5%
Risk
Volatility edge Tie 17.7% 17.5%
Max drawdown edge VOOG −40.6% −32.0%
Risk-adjusted
Sharpe edge VOOG 0.64 0.86
Sortino edge VOOG 0.91 1.28
Calmar edge VOOG 0.30 0.51
Reading

VOOG returned more: +1,043.0% to +522.4%. VOE and VOOG swung about the same: 17.7% and 17.5%. VOOG fell less at its worst: −32.0% to −40.6%.

Full scorecard

9 measures, with how each is measured
Open ↓
Risk and return: VOE vs VOOG: Differences, Returns & Fees
MeasureVOEVOOGEdgeHow it is measured
Return
Total return+522.4%+1,043.0%VOOGPrice change plus distributions, reinvested.
Annualized+12.0%+16.3%VOOGTotal return as a yearly rate.
Price return+338.3%+845.5%VOOGPrice change alone, distributions left out.
Risk
Volatility17.7%17.5%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation12.4%11.7%VOOG (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−40.6%−32.0%VOOGDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.640.86VOOGReturn above Treasury bills per unit of volatility.
Sortino0.911.28VOOGReturn above Treasury bills per unit of downside deviation.
Calmar0.300.51VOOGAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

2%

By the books each fund has filed, VOE and VOOG hold 2% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

2% in common

Positions both hold · largest shared weight first VOE VOOG
Newmont Corp 1.03% 0.33%
Johnson Controls International plc 0.77% 0.16%
Cummins Inc 1.21% 0.13%
Boston Scientific Corp 0.54% 0.12%
TE Connectivity PLC 1.04% 0.12%
United Rentals Inc 1.06% 0.10%
Carnival Corp Ltd 0.26% 0.09%
eBay Inc 0.72% 0.09%
Apollo Global Management Inc 0.20% 0.08%
Rockwell Automation Inc 0.41% 0.07%
Simon Property Group Inc 1.05% 0.07%
Ferguson Enterprises Inc 0.73% 0.05%
Only in one fund ↓
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%
General Motors Co 1.15%
Only in VOOG
NVIDIA Corp 15.01%
Microsoft Corp 10.34%
Apple Inc 6.60%
Alphabet Inc 5.48%
Broadcom Inc 4.54%
Alphabet Inc 4.39%
Meta Platforms Inc 4.34%
Amazon.com Inc 3.52%
Check overlap with more funds →

Side by side

VOE Vanguard Morningstar Mid-Cap Value ETF VOOG Vanguard S&P 500 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Mid-Cap Value Tracks the S&P 500 Growth
Total return, 1 year +22.8% +12.1%
Its benchmark over the same days not measured +12.1% (IVW)
Gap to its benchmark not measured 0.0 pts vs IVW
Expense ratio 0.05% 0.05%
Already in the S&P 500 96.0% 99.8%
Holdings 169 154
Net assets, as of Sep 30, 2026 $22.8bn $27.8bn

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

Client brief · page 1 of 2 Report BR-22052DCEB1

VOE and VOOG do different jobs. What does each one do in a portfolio?

  1. What each follows. VOE follows Morningstar US Mid Cap Value Index and VOOG follows S&P 500 Growth Index.
  2. Holdings in common. 2% of the weight is in the same securities (holdings dated Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 VOE returned +22.8% and VOOG +12.1% with distributions reinvested, a gap of 10.7 points.

Data as of Oct 28, 2026.

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About each fund
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%.

VOOG

VOOG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 154 positions, with the top ten at 60.2%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VOE or VOOG?
In the year to Oct 28, 2026, with distributions reinvested, VOE returned +22.8% and VOOG +12.1%.
Which is cheaper, VOE or VOOG?
Neither: VOE and VOOG both charge 0.05% a year. Fees come from each fund's prospectus.
How much do VOE and VOOG overlap with the S&P 500?
By their latest filed holdings, 96% of VOE and 100% of VOOG by weight is stocks the S&P 500 already holds.
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ETFIQ, VOE against VOOG, data as of Oct 28, 2026. https://etfiq.com/compare/any/voe-vs-voog

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