Data as of Oct 28, 2026.

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VOX vs VTV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VOX returned −5.7% to VTV's +23.5%; 3% of their weight is in the same names.

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Net assets on Sep 30, 2026: $6.0bn for Vanguard Communication Services ETF and $184.2bn for Vanguard Morningstar Value ETF.

At a glance
−5.7%
VOX total return, 1 year
+23.5%
VTV total return, 1 year
0.09%
VOX expense ratio
0.03%
VTV expense ratio

Pair scorecard

VTV costs 0.06 points a year less; their one-year returns differ by 29.2 points; VTV is far larger, $184.2bn against $6.0bn.

VOX vs VTV: Differences, Returns & Fees
MeasureVOXVTV
Return
Total return, 1 year−5.7%+23.5%
Drawdown
Below its high10.8%, high on Jan 29, 2026
Benchmark
What it tracksMSCI US Investable Market Index (IMI)/Communication Services 25/50Morningstar US Large Cap Value Index
Cost and size
Expense ratio0.09%0.03%
Net assets, as of Sep 30, 2026$6.0bn$184.2bn
Holdings
Holdings in common3%
Top ten holdings, share of the fund71.1%23.6%

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

Risk and return

Oct 8, 2004 to Oct 23, 2026 · 1,150 weekly returns
VOX VTV
Return
Total return edge VTV +478.6% +685.2%
Annualized edge VTV +8.3% +9.8%
Price return edge VTV +252.8% +342.9%
Risk
Volatility edge VTV 19.7% 17.3%
Max drawdown edge VOX (slight) −54.8% −59.1%
Risk-adjusted
Sharpe edge VTV 0.41 0.52
Sortino edge VTV 0.59 0.73
Calmar edge VTV (slight) 0.15 0.17
Reading

VTV returned more: +685.2% to +478.6%. VTV swung less: 17.3% to 19.7%. VOX fell slightly less at its worst: −54.8% to −59.1%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VOX vs VTV: Differences, Returns & Fees
MeasureVOXVTVEdgeHow it is measured
Return
Total return+478.6%+685.2%VTVPrice change plus distributions, reinvested.
Annualized+8.3%+9.8%VTVTotal return as a yearly rate.
Price return+252.8%+342.9%VTVPrice change alone, distributions left out.
Risk
Volatility19.7%17.3%VTVSpread of weekly returns, annualized. Lower is steadier.
Downside deviation13.6%12.3%VTV (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−54.8%−59.1%VOX (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.410.52VTVReturn above Treasury bills per unit of volatility.
Sortino0.590.73VTVReturn above Treasury bills per unit of downside deviation.
Calmar0.150.17VTV (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,150 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

3%

By the books each fund has filed, VOX and VTV hold 3% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

3% in common

Positions both hold · largest shared weight first VOX VTV
Verizon Communications Inc 4.04% 0.72%
Walt Disney Co 4.26% 0.69%
AT&T Inc 4.04% 0.63%
Comcast Corp 2.41% 0.29%
Warner Bros Discovery Inc 2.73% 0.28%
T-Mobile US Inc 2.44% 0.27%
MKTLIQ 0.29% 0.17%
Fox Corp 0.53% 0.04%
Fox Corp 0.44% 0.03%
Charter Communications Inc 0.71% 0.02%
SLBBH1142 0.52% 0.00%
Only in one fund ↓
Only in VOX
Meta Platforms Inc 25.31%
Alphabet Inc 13.97%
Alphabet Inc 7.70%
Netflix Inc 3.77%
Space Exploration Technologies Corp 2.88%
AppLovin Corp 2.31%
Take-Two Interactive Software Inc 1.78%
Live Nation Entertainment Inc 1.56%
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

VOX Vanguard Communication Services ETF VTV Vanguard Morningstar Value ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Communication Services Tracks an index of US value
Total return, 1 year −5.7% +23.5%
Its benchmark over the same days −5.9% (FCOM) not measured
Gap to its benchmark +0.2 pts vs FCOM not measured
Expense ratio 0.09% 0.03%
Already in the S&P 500 84.3% 98.1%
Holdings 113 300
Net assets, as of Sep 30, 2026 $6.0bn $184.2bn

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

Client brief · page 1 of 2 Report BR-7C30D0615C

VOX and VTV do different jobs. What does each one do in a portfolio?

  1. What each follows. VOX follows MSCI US Investable Market Index (IMI)/Communication Services 25/50 and VTV follows Morningstar US Large Cap Value Index.
  2. Holdings in common. 3% 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 VOX returned −5.7% and VTV +23.5% with distributions reinvested, a gap of 29.2 points.

Data as of Oct 28, 2026.

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About each fund
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.

VTV

VTV tracks an index of US value. Over the year to Oct 28, 2026 it returned +23.5% with distributions reinvested. The prospectus expense ratio is 0.03% a year. 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, VOX or VTV?
In the year to Oct 28, 2026, with distributions reinvested, VOX returned −5.7% and VTV +23.5%.
Which is cheaper, VOX or VTV?
VTV is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VOX and VTV overlap with the S&P 500?
By their latest filed holdings, 84% of VOX and 98% of VTV by weight is stocks the S&P 500 already holds.
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ETFIQ, VOX against VTV, data as of Oct 28, 2026. https://etfiq.com/compare/any/vox-vs-vtv

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