Data as of Oct 28, 2026.

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VOE vs VOX: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VOE returned +22.8% to VOX's −5.7%; 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 $6.0bn for Vanguard Communication Services ETF.

At a glance
+22.8%
VOE total return, 1 year
−5.7%
VOX total return, 1 year
0.05%
VOE expense ratio
0.09%
VOX expense ratio

Pair scorecard

VOE costs 0.04 points a year less; their one-year returns differ by 28.5 points; VOE is 3.8 times larger.

VOE vs VOX: Differences, Returns & Fees
MeasureVOEVOX
Return
Total return, 1 year+22.8%−5.7%
Drawdown
Below its high10.8%, high on Jan 29, 2026
Benchmark
What it tracksMorningstar US Mid Cap Value IndexMSCI US Investable Market Index (IMI)/Communication Services 25/50
Cost and size
Expense ratio0.05%0.09%
Net assets, as of Sep 30, 2026$22.8bn$6.0bn
Holdings
Holdings in common2%
Top ten holdings, share of the fund14.0%71.1%

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

What they share

2%

By the books each fund has filed, VOE and VOX 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 VOX
Warner Bros Discovery Inc 1.25% 2.73%
MKTLIQ 0.33% 0.29%
Fox Corp 0.19% 0.53%
Fox Corp 0.12% 0.44%
Charter Communications Inc 0.10% 0.71%
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%
SLB Ltd 1.23%
Target Corp 1.21%
Cummins Inc 1.21%
General Motors Co 1.15%
Only in VOX
Meta Platforms Inc 25.31%
Alphabet Inc 13.97%
Alphabet Inc 7.70%
Walt Disney Co 4.26%
Verizon Communications Inc 4.04%
AT&T Inc 4.04%
Netflix Inc 3.77%
Space Exploration Technologies Corp 2.88%
Check overlap with more funds →

Side by side

VOE Vanguard Morningstar Mid-Cap Value ETF VOX Vanguard Communication Services ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Mid-Cap Value Tracks an index of Communication Services
Total return, 1 year +22.8% −5.7%
Its benchmark over the same days not measured −5.9% (FCOM)
Gap to its benchmark not measured +0.2 pts vs FCOM
Expense ratio 0.05% 0.09%
Already in the S&P 500 96.0% 84.3%
Holdings 169 113
Net assets, as of Sep 30, 2026 $22.8bn $6.0bn

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

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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%.

VOX

VOX tracks an index of Communication Services. Over the year to Oct 28, 2026 it returned −5.7% with distributions reinvested, against −5.9% for its benchmark, the MSCI US Investable Market Index (IMI)/Communication Services 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 113 positions, with the top ten at 71.1%. It sat 10.8% below its high of Jan 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VOE or VOX?
In the year to Oct 28, 2026, with distributions reinvested, VOE returned +22.8% and VOX −5.7%.
Which is cheaper, VOE or VOX?
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.
How much do VOE and VOX overlap with the S&P 500?
By their latest filed holdings, 96% of VOE and 84% of VOX by weight is stocks the S&P 500 already holds.
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ETFIQ, VOE against VOX, data as of Oct 28, 2026. https://etfiq.com/compare/any/voe-vs-vox

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