VOOV vs. VOOG

Last updated Jun 24, 2026

VOOV (Vanguard S&P 500 Value ETF) and VOOG (Vanguard S&P 500 Growth ETF) are both exchange-traded funds - VOOV is a Large Cap Value Equities fund tracking the S&P 500 Value Index, while VOOG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, VOOV returned 12.10%/yr vs 18.00%/yr for VOOG. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.

Performance

VOOV vs. VOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 Value ETF (VOOV) and Vanguard S&P 500 Growth ETF (VOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOOV achieves a 7.53% return, which is significantly lower than VOOG's 8.71% return. Over the past 10 years, VOOV has underperformed VOOG with an annualized return of 12.10%, while VOOG has yielded a comparatively higher 18.00% annualized return.

VOOV

• 1D: -0.34%
• 1M: -0.41%
• YTD: 7.53%
• 6M: 6.93%
• 1Y: 20.11%
• 3Y*: 15.16%
• 5Y*: 11.18%
• 10Y*: 12.10%

VOOG

• 1D: -2.34%
• 1M: -2.03%
• YTD: 8.71%
• 6M: 7.44%
• 1Y: 26.86%
• 3Y*: 25.47%
• 5Y*: 14.06%
• 10Y*: 18.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VOOV vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOOV Vanguard S&P 500 Value ETF	7.53%	13.10%	12.21%	22.15%	-5.37%	24.87%	1.23%	31.75%	-9.09%	15.26%
VOOG Vanguard S&P 500 Growth ETF	8.71%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%

Correlation

The correlation between VOOV and VOOG is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.74

Over the past year, the correlation between VOOV and VOOG has dropped to 0.52 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

VOOV vs. VOOG - Sectors Allocation Comparison

Sectors	VOOV	VOOG
Technology	19.0%	52.6%
Financial Services	15.0%	8.2%
Healthcare	11.6%	5.7%
Consumer Cyclical	11.1%	9.0%
Industrials	11.0%	5.7%
Consumer Defensive	9.5%	1.0%
Energy	7.6%	0.1%
Utilities	4.6%	0.4%
Basic Materials	3.5%	0.3%
Real Estate	3.4%	0.5%
Communication Services	3.3%	16.7%

Return for Risk

VOOV vs. VOOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOOV

VOOV Risk / Return Rank: 65
VOOV Sharpe Ratio Rank: 64
VOOV Sortino Ratio Rank: 63
VOOV Omega Ratio Rank: 61
VOOV Calmar Ratio Rank: 67
VOOV Martin Ratio Rank: 68

VOOG

VOOG Risk / Return Rank: 45
VOOG Sharpe Ratio Rank: 47
VOOG Sortino Ratio Rank: 45
VOOG Omega Ratio Rank: 44
VOOG Calmar Ratio Rank: 41
VOOG Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VOOV vs. VOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Value ETF (VOOV) and Vanguard S&P 500 Growth ETF (VOOG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VOOV	VOOG	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.59	+0.44
Sortino ratio: Return per unit of downside risk	2.82	2.17	+0.65
Omega ratio: Gain probability vs. loss probability	1.36	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	3.22	1.97	+1.25
Martin ratio: Return relative to average drawdown	12.21	7.82	+4.39

VOOV vs. VOOG - Sharpe Ratio Comparison

The current VOOV Sharpe Ratio is 2.03, which is comparable to the VOOG Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of VOOV and VOOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VOOV vs. VOOG - Drawdown Comparison

The maximum VOOV drawdown since its inception was -37.31%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for VOOV and VOOG.

Drawdown Indicators

	VOOV	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-37.31%	-32.73%	-4.58%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-13.71%	+7.44%
Max Drawdown (3Y) Largest decline over 3 years	-17.55%	-22.18%	+4.63%
Max Drawdown (5Y) Largest decline over 5 years	-18.10%	-32.73%	+14.63%
Max Drawdown (10Y) Largest decline over 10 years	-37.31%	-32.73%	-4.58%
Current Drawdown Current decline from peak	-1.25%	-5.49%	+4.24%
Average Drawdown Average peak-to-trough decline	-3.83%	-4.96%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	3.45%	-1.80%

Volatility

VOOV vs. VOOG - Volatility Comparison

The current volatility for Vanguard S&P 500 Value ETF (VOOV) is 2.97%, while Vanguard S&P 500 Growth ETF (VOOG) has a volatility of 7.23%. This indicates that VOOV experiences smaller price fluctuations and is considered to be less risky than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOOV	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	7.23%	-4.26%
Volatility (6M) Calculated over the trailing 6-month period	7.36%	13.86%	-6.50%
Volatility (1Y) Calculated over the trailing 1-year period	9.97%	17.04%	-7.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.44%	21.38%	-6.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	20.81%	-3.89%

VOOV vs. VOOG - Expense Ratio Comparison

Both VOOV and VOOG have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VOOV vs. VOOG - Dividend Comparison

VOOV's dividend yield for the trailing twelve months is around 1.67%, more than VOOG's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOOG Vanguard S&P 500 Growth ETF	0.46%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%
VOOV Vanguard S&P 500 Value ETF	1.67%	1.76%	2.10%	1.69%	2.19%	1.87%	2.45%	2.10%	2.65%	2.13%	2.24%	2.36%

Frequently Asked Questions

Can I hold both VOOV and VOOG in my portfolio?

VOOV and VOOG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOOV or VOOG?

VOOG has higher volatility (7.23%) compared to VOOV (2.97%). In terms of maximum drawdown, VOOV dropped -37.31% vs VOOG's -32.73%.

Which ETF is better, VOOV or VOOG?

On 10-year performance, VOOG leads with 18.00% vs 12.10% for VOOV. Both ETFs have the same 0.07% expense ratio. On volatility, VOOV has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOOV or VOOG?

Over the 10-year period, VOOG has performed better with a 18.00% return vs 12.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOOV or VOOG?

VOOV and VOOG have the same expense ratio: 0.07% per year.

Which ETF pays a higher dividend yield, VOOV or VOOG?

VOOV has the higher dividend yield at 1.67%, compared with 0.46% for VOOG.

What is the main difference between VOOV and VOOG?

VOOV is categorized as Large Cap Value Equities, while VOOG is S&P 500. VOOV tracks S&P 500 Value Index, while VOOG tracks S&P 500 Growth Index.

Which has better risk-adjusted returns?

VOOV currently has the higher Sharpe Ratio (2.03 vs 1.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.