# VOO vs VV: fees, holdings and returns compared

> VOO vs VV: what each ETF holds, what it costs, and how both did over the same dates, with yearly returns and worst drops.

VOO tracks the S&P 500, about 500 companies. VV tracks a Morningstar index of large US companies, about 420. Both are weighted by size and led by the same giants, so their returns have been very close. Over the same dates since September 2010, VOO returned about 14.8% a year and VV returned about 14.8% a year.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 17, 2026. Prices through October 20, 2026.

## Key points

- Both charge 0.03% a year.
- VOO started trading in September 2010. VV started in January 2004.
- Worst drops since 2010: VOO −34.0%, VV −34.3%.
- Daily correlation: 1.00 (1 means they always move together).

## What is the difference between VOO and VV?

The main difference is how each index picks companies. A committee picks the S&P 500 using size, trading and a record of profits. Morningstar's large-cap index follows size by set rules, so it holds fewer companies. Both charge the same very low fee. The S&P 500 is far better known, so far more money sits in VOO.

| Fact | VOO | VV |
| --- | --- | --- |
| Full name | Vanguard S&P 500 ETF | Vanguard Morningstar Large-Cap ETF |
| Issuer | Vanguard | Vanguard |
| Expense ratio | 0.03% a year | 0.03% a year |
| Started trading | September 7, 2010 | January 27, 2004 |
| Tracks | S&P 500 Index | Morningstar US Large Cap Index |
| Holdings | 505 holdings as of September 30, 2026 | 421 holdings as of September 30, 2026 |
| Type | US stocks, ETF | US stocks, ETF |

Fund facts checked on the [Vanguard VOO page](https://investor.vanguard.com/investment-products/etfs/profile/voo) and the [Vanguard VV page](https://investor.vanguard.com/investment-products/etfs/profile/vv).

## Is VOO or VV cheaper?

Both charge 0.03% a year. On $10,000, that is about $3 a year for VOO and $3 for VV. The fund takes its fee out of its own value a little each day, so you never get a bill.

## VOO vs VV performance over the same dates

Both funds are measured from September 2010 to October 2026, the dates both traded. VOO returned about 14.8% a year and VV returned about 14.8% a year. VV came out ahead over this period, which does not mean it will again.

| Measure | VOO | VV |
| --- | --- | --- |
| $10,000 grew to | $92,857 | $93,103 |
| Total return | 828.6% | 831.0% |
| Return per year (CAGR) | 14.8% | 14.8% |
| Worst drop from a high | −34.0% | −34.3% |
| Volatility (how much it swings) | 16.9% | 17.1% |
| Last 12 months | 15.8% | 15.4% |
| Last 3 years, per year | 23.8% | 24.0% |
| Last 5 years, per year | 12.8% | 12.3% |
| Last 10 years, per year | 15.5% | 15.5% |

Prices through October 20, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

## VOO and VV returns by year

| Year | VOO | VV |
| --- | --- | --- |
| 2026 (part of the year) | 13.7% | 13.5% |
| 2025 | 17.8% | 18.1% |
| 2024 | 25.0% | 25.3% |
| 2023 | 26.3% | 27.2% |
| 2022 | −18.2% | −19.9% |
| 2021 | 28.8% | 27.4% |
| 2020 | 18.3% | 21.0% |
| 2019 | 31.4% | 31.3% |
| 2018 | −4.5% | −4.5% |
| 2017 | 21.8% | 22.0% |
| 2016 | 12.2% | 11.8% |
| 2015 | 1.3% | 1.0% |
| 2014 | 12.9% | 13.4% |
| 2013 | 32.4% | 32.7% |
| 2012 | 16.0% | 16.2% |
| 2011 | 1.9% | 1.4% |
| 2010 (part of the year) | 14.8% | 15.3% |

## Which fell further in bad times?

A drawdown is how far a fund falls from its last high point. VOO's worst fall was −34.0%, from February 19, 2020 to March 23, 2020. It got back to that high on August 10, 2020.

VV's worst fall was −34.3%, from February 19, 2020 to March 23, 2020. It got back to that high on August 6, 2020.

Their daily moves had a correlation of 1.00. A correlation of 1 means two funds always move up and down together. Near 0 means they move on their own. So holding both adds little variety.

## Why people choose VOO or VV

**VOO.** People who want the S&P 500 itself, the benchmark most results are measured against, tend to pick VOO.

**VV.** People who want large US companies picked purely by size rules sometimes pick VV.

## Strategies that hold VOO or VV

No classic strategy holds VOO or VV yet.

## Other funds like VOO and VV

Each fund has more funds that hold the same kind of investments, ranked by how closely they move with it: [VOO alternatives](https://tactfolio.com/alternatives/VOO.md) and [VV alternatives](https://tactfolio.com/alternatives/VV.md).

## Test a mix of VOO and VV

Open the [builder](https://tactfolio.com/builder), add VOO and VV, and give each a weight, such as 50% and 50%. The backtest shows how the mix would have done, with its worst drop, on daily prices. You can also add a rule, for example to switch between them, and compare. Read the full pages for [VOO](https://tactfolio.com/etf/VOO.md) and [VV](https://tactfolio.com/etf/VV.md), or see [more ETF comparisons](https://tactfolio.com/etf-comparisons.md).

## The details

Both funds use Tactfolio's stored daily prices, adjusted for splits, with dividends reinvested. They are compared only on days both traded, starting the later fund's first day, so neither gets a head start. Correlation uses daily returns over the same days. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) for more on these measures.

## Research and test it

- [S&P 500 index funds](https://tactfolio.com/learn/sp500-index-funds): Compare the biggest S&P 500 index funds, ETFs and mutual funds, by yearly fee, see how much fees cost over 30 years, and learn how to buy one.
- [S&P 500 index](https://tactfolio.com/learn/sp500-index): The S&P 500 tracks about 500 large US companies. Learn how stocks get in, how the index is weighted, how to invest in it, and how far it has fallen before.
- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.

## Common questions

### What is the difference between VV and VOO?

They follow different indexes of large US companies: Morningstar's for VV and the S&P 500 for VOO. They hold mostly the same companies and charge the same fee.

### Which holds more companies, VV or VOO?

VOO holds about 500 companies and VV about 420. The table above shows the counts and the date we checked them.

### Which is cheaper, VOO or VV?

Both charge 0.03% a year. Fees come from each issuer and were checked on October 16, 2026.

### Which did better, VOO or VV?

From September 2010 to October 2026, VOO returned about 14.8% a year and VV returned about 14.8% a year, with dividends reinvested. Their worst drops were −34.0% and −34.3%. Past returns do not tell you what comes next.

## Sources

- [Vanguard: Vanguard S&P 500 ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/voo)
- [Vanguard: Vanguard Morningstar Large-Cap ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/vv)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.