Vanguard Morningstar Large-Cap ETF (VV)
$351.88−1.13%close of Oct 16, 2026
Vanguard Morningstar Large-Cap ETF (VV) is an exchange-traded fund (ETF) run by Vanguard. This fund owns shares of about 420 large US companies. It charges 0.03% a year. From January 2004 to October 2026 it returned about 11.0% a year, and its worst drop was −54.8%.
Written by the Tactfolio research team. Fund facts checked October 17, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.03%
- about $3 on $10,000
- 1-year return
- 16.5%
- to Oct 16, 2026
- Return per year
- 11.0%
- since January 2004
- Worst drop
- −54.8%
- since 2004
- Below its high
- −2.1%
- now
- Volatility
- 18.6%
- yearly swings
- Issuer
- Vanguard
- Tracks
- Morningstar US Large Cap Index
- Started trading
- January 27, 2004
- Type
- US stocks, ETF
- Holdings
- 421 holdings as of September 30, 2026
- Expense ratio
- 0.03% a year
How has VV done since 2004?#
From January 2004 to October 2026, VV returned about 11.0% a year. The S&P 500 returned about 10.8% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $106,860 at the end, with every dividend reinvested.
| Period | VV | S&P 500 (SPY) |
|---|---|---|
| 1 month | 1.4% | 1.5% |
| 3 months | 2.1% | 1.9% |
| 6 months | 9.7% | 9.3% |
| Year to date | 12.7% | 12.8% |
| 1 year | 16.5% | 16.8% |
| 3 years per year | 22.3% | 22.0% |
| 5 years per year | 12.5% | 12.8% |
| 10 years per year | 15.5% | 15.4% |
| Since 2004 per year | 11.0% | 10.8% |
Periods longer than a year show the return per year (CAGR). Prices through October 16, 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.
VV returns by month and year#
VV rose in 183 of its 273 months (67%). Its best month was April 2020, at 13.0%. Its worst was October 2008, at −17.2%.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.7% | 1.2 | −1.0 | −4.9 | 10.5 | 5.4 | −1.0 | −0.1 | 2.9 | −0.2 | 0.0 | ||
| 2025 | 18.1% | 3.0 | −1.5 | −5.8 | −0.7 | 6.5 | 5.3 | 2.4 | 2.1 | 3.5 | 2.5 | 0.1 | 0.0 |
| 2024 | 25.3% | 1.8 | 5.2 | 3.0 | −4.0 | 4.9 | 3.7 | 1.1 | 2.5 | 2.1 | −0.8 | 6.2 | −2.4 |
| 2023 | 27.2% | 6.5 | −2.4 | 3.6 | 1.5 | 0.7 | 6.6 | 3.4 | −1.6 | −4.7 | −2.1 | 9.5 | 4.5 |
| 2022 | −19.9% | −6.0 | −3.0 | 3.7 | −9.3 | −0.2 | −8.2 | 9.2 | −3.9 | −9.2 | 7.9 | 5.4 | −5.9 |
| 2021 | 27.4% | −0.8 | 2.6 | 4.0 | 5.4 | 0.5 | 2.7 | 2.4 | 2.9 | −4.7 | 7.1 | −1.0 | 4.2 |
| 2020 | 21.0% | 0.3 | −8.1 | −12.5 | 13.0 | 5.2 | 2.1 | 6.0 | 7.6 | −3.7 | −2.5 | 11.1 | 4.1 |
| 2019 | 31.3% | 8.1 | 3.3 | 1.9 | 4.0 | −6.3 | 7.0 | 1.5 | −1.8 | 1.9 | 2.2 | 3.7 | 2.9 |
| 2018 | −4.5% | 5.7 | −3.7 | −2.4 | 0.3 | 2.4 | 0.6 | 3.6 | 3.3 | 0.5 | −6.9 | 1.9 | −8.8 |
| 2017 | 22.0% | 1.9 | 4.0 | 0.1 | 1.1 | 1.4 | 0.6 | 2.1 | 0.3 | 2.1 | 2.4 | 3.0 | 1.3 |
| 2016 | 11.8% | −5.4 | −0.1 | 6.9 | 0.4 | 1.7 | 0.3 | 3.8 | 0.2 | 0.1 | −1.8 | 3.7 | 2.0 |
| 2015 | 1.0% | −3.0 | 5.8 | −1.3 | 0.7 | 1.3 | −2.0 | 2.1 | −6.0 | −2.7 | 8.3 | 0.4 | −1.7 |
| 2014 | 13.4% | −3.3 | 4.7 | 0.7 | 0.5 | 2.4 | 2.2 | −1.4 | 4.0 | −1.6 | 2.4 | 2.8 | −0.3 |
| 2013 | 32.7% | 5.3 | 1.4 | 3.6 | 2.0 | 2.2 | −1.4 | 5.4 | −2.9 | 3.4 | 4.4 | 2.8 | 2.7 |
| 2012 | 16.2% | 4.9 | 4.2 | 3.3 | −0.6 | −6.1 | 3.9 | 1.1 | 2.5 | 2.5 | −1.8 | 0.6 | 1.1 |
| 2011 | 1.4% | 2.3 | 3.4 | 0.1 | 3.0 | −1.0 | −1.8 | −2.0 | −5.7 | −7.3 | 11.0 | −0.4 | 0.9 |
| 2010 | 15.9% | −3.4 | 3.1 | 6.1 | 1.6 | −8.0 | −5.4 | 7.1 | −4.5 | 9.2 | 4.0 | 0.2 | 6.8 |
| 2009 | 27.4% | −8.0 | −10.6 | 8.2 | 10.1 | 5.7 | 0.0 | 7.5 | 3.7 | 3.8 | −2.1 | 6.0 | 2.3 |
| 2008 | −36.7% | −6.2 | −2.6 | −0.4 | 4.7 | 1.7 | −8.1 | −0.9 | 1.1 | −8.9 | −17.2 | −7.6 | 1.9 |
| 2007 | 6.2% | 1.8 | −1.8 | 1.0 | 4.4 | 3.6 | −1.8 | −3.2 | 1.8 | 3.9 | 1.6 | −4.0 | −0.8 |
| 2006 | 15.5% | 2.5 | 0.2 | 1.7 | 0.8 | −2.8 | 0.3 | 0.3 | 2.2 | 2.6 | 3.2 | 2.2 | 1.2 |
| 2005 | 6.0% | −2.9 | 2.3 | −1.7 | −2.2 | 4.0 | 0.5 | 3.5 | −0.9 | 1.0 | −1.6 | 3.9 | 0.4 |
| 2004 | 9.6% | 1.5 | −1.7 | −1.5 | 1.2 | 2.1 | −3.5 | 0.3 | 1.3 | 1.5 | 4.6 | 3.8 |
Each month runs from the last close of the month before. The first month counts from the first close.
How risky is VV compared with the S&P 500?#
Measured from October 2021 to October 2026, on the days both traded.
- Beta 1.01. When the S&P 500 moved 1% in a day, VV tended to move about 1.01%.
- Correlation 1.00. VV mostly moved with the S&P 500.
- Up and down months. In months the S&P 500 rose, VV rose 100% as much on average. In months it fell, VV fell 102% as much.
| Measure | VV | S&P 500 (SPY) |
|---|---|---|
| Return per year | 12.4% | 12.8% |
| Volatility | 17.3% | 17.1% |
| Worst drop | −25.7% | −24.5% |
| Sharpe ratio | 0.77 | 0.79 |
| Sortino ratio | 1.11 | 1.15 |
| Calmar ratio | 0.48 | 0.52 |
Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.
Is VV above its 200-day average?#
VV closed 5.9% above its 200-day average on October 16, 2026. A rule that holds VV only above that average would hold it today.
- vs 200-day average
- +5.9%
- above it
- 50-day vs 200-day
- +6.5%
- trend rising
- vs 52-week high
- −2.1%
- high of $359.59
A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for VV and backtest it in a minute.
What was VV’s worst drop?#
A drawdown is how far a fund falls from its last high point. VV’s worst fall was −54.8%, from October 9, 2007 to March 9, 2009. It got back to that high on March 13, 2012. On October 16, 2026 it was 2.1% below its highest close.
| Drop | From the high | To the bottom | Back to the high |
|---|---|---|---|
| −54.8% | Oct 9, 2007 | Mar 9, 200917 months | Mar 13, 20123.0 years |
| −34.3% | Feb 19, 2020 | Mar 23, 202033 days | Aug 6, 20204 months |
| −25.7% | Dec 27, 2021 | Oct 12, 20229 months | Dec 13, 202314 months |
| −19.4% | Sep 20, 2018 | Dec 24, 20183 months | Apr 12, 20194 months |
| −19.0% | Feb 19, 2025 | Apr 8, 20252 months | Jun 26, 20253 months |
Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
What does VV hold?#
This fund owns shares of about 420 large US companies. It follows an index of the biggest firms in the US stock market. A small number of giant companies make up a big part of the fund.
It tracks the Morningstar US Large Cap Index. It had 421 holdings as of September 30, 2026, according to Vanguard.
What is the VV expense ratio?#
VV charges 0.03% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.03% fee comes to about $3 a year. Of the 162 ETFs on Tactfolio, 85% charge more.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
Which Tactfolio strategies hold VV?#
No classic strategy holds VV yet. You can add it to your own rules in the builder and see how they would have done.
How does VV compare with similar ETFs?#
Funds that can stand in for VV:
- SCHX: Schwab U.S. Large-Cap ETF, 0.03% a year
- IWB: iShares Russell 1000 ETF, 0.15% a year
- DIA: State Street SPDR Dow Jones Industrial Average ETF Trust, 0.16% a year
- SPYM: State Street SPDR Portfolio S&P 500 ETF, 0.02% a year
See all 8 VV alternatives, compared on the same dates as VV.
Test VV in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add VV, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for VV and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.
Fund facts come from Vanguard. We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of VV?#
VV charges 0.03% a year, according to Vanguard as of October 17, 2026. That is about $3 a year for every $10,000 you hold.
When did VV start trading?#
VV started trading on January 27, 2004. It is run by Vanguard.
What does VV track?#
VV tracks the Morningstar US Large Cap Index. This fund owns shares of about 420 large US companies.
How much has VV returned per year?#
From January 2004 to October 2026, VV returned about 11.0% a year with dividends reinvested. Its worst drop was −54.8%. Past returns do not tell you what it will do next.
Is VV above its 200-day moving average?#
On October 16, 2026, VV closed 5.9% above its 200-day moving average. This page updates after each US market close.
Which strategies use VV?#
None of Tactfolio’s classic strategies hold VV yet. You can test it in your own rules in the builder.