VOT vs. VOE
Compare and contrast key facts about Vanguard Mid-Cap Growth ETF (VOT) and Vanguard Mid-Cap Value ETF (VOE).
VOT and VOE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Mid Cap Growth Index. It was launched on Aug 17, 2006. 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 VOT 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: VOT or VOE.
Key characteristics
| VOT | VOE | |
|---|---|---|
| YTD Return | 2.12% | 3.28% |
| 1Y Return | 18.35% | 13.26% |
| 3Y Return (Ann) | 0.44% | 4.18% |
| 5Y Return (Ann) | 9.53% | 8.63% |
| 10Y Return (Ann) | 10.25% | 8.40% |
| Sharpe Ratio | 1.24 | 1.01 |
| Daily Std Dev | 14.74% | 12.94% |
| Max Drawdown | -60.17% | -61.55% |
| Current Drawdown | -14.22% | -4.40% |
Correlation
The correlation between VOT and VOE is 0.86, 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
VOT vs. VOE - Performance Comparison
In the year-to-date period, VOT achieves a 2.12% return, which is significantly lower than VOE's 3.28% return. Over the past 10 years, VOT has outperformed VOE with an annualized return of 10.25%, while VOE has yielded a comparatively lower 8.40% 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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VOT vs. VOE - Expense Ratio Comparison
Both VOT and VOE 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%.
Risk-Adjusted Performance
VOT vs. VOE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth ETF (VOT) 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
VOT vs. VOE - Dividend Comparison
VOT's dividend yield for the trailing twelve months is around 0.71%, less than VOE's 2.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOT Vanguard Mid-Cap Growth ETF | 0.71% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.81% | 0.79% | 0.61% |
VOE Vanguard Mid-Cap Value ETF | 2.24% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
VOT vs. VOE - Drawdown Comparison
The maximum VOT drawdown since its inception was -60.17%, roughly equal to the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for VOT and VOE. For additional features, visit the drawdowns tool.
Volatility
VOT vs. VOE - Volatility Comparison
Vanguard Mid-Cap Growth ETF (VOT) has a higher volatility of 4.71% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.52%. This indicates that VOT's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.