VO vs. VOE
Compare and contrast key facts about Vanguard Mid-Cap ETF (VO) and Vanguard Mid-Cap Value ETF (VOE).
VO and VOE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both VO and VOE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VO or VOE.
Key characteristics
| VO | VOE | |
|---|---|---|
| YTD Return | 3.09% | 4.06% |
| 1Y Return | 15.33% | 13.99% |
| 3Y Return (Ann) | 2.45% | 4.82% |
| 5Y Return (Ann) | 9.37% | 8.73% |
| 10Y Return (Ann) | 9.63% | 8.59% |
| Sharpe Ratio | 1.16 | 1.09 |
| Daily Std Dev | 13.35% | 13.08% |
| Max Drawdown | -58.89% | -61.55% |
| Current Drawdown | -4.83% | -3.68% |
Correlation
The correlation between VO and VOE is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VO vs. VOE - Performance Comparison
In the year-to-date period, VO achieves a 3.09% return, which is significantly lower than VOE's 4.06% return. Over the past 10 years, VO has outperformed VOE with an annualized return of 9.63%, while VOE has yielded a comparatively lower 8.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VO vs. VOE - Expense Ratio Comparison
VO has a 0.04% expense ratio, which is lower than VOE's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VO vs. VOE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap ETF (VO) and Vanguard Mid-Cap Value ETF (VOE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
VO vs. VOE - Dividend Comparison
VO's dividend yield for the trailing twelve months is around 1.57%, less than VOE's 2.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VO Vanguard Mid-Cap ETF | 1.57% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
VOE Vanguard Mid-Cap Value ETF | 2.22% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
VO vs. VOE - Drawdown Comparison
The maximum VO drawdown since its inception was -58.89%, roughly equal to the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for VO and VOE. For additional features, visit the drawdowns tool.
Volatility
VO vs. VOE - Volatility Comparison
Vanguard Mid-Cap ETF (VO) and Vanguard Mid-Cap Value ETF (VOE) have volatilities of 3.74% and 3.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.