VOT vs. VTV

Last updated Jun 5, 2026

VOT (Vanguard Mid-Cap Growth ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - VOT is a Mid Cap Growth Equities fund tracking the CRSP US Mid Cap Growth Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, VOT returned 12.21%/yr vs 12.49%/yr for VTV. A 0.80 correlation means they provide meaningful diversification when combined. VOT charges 0.05%/yr vs 0.04%/yr for VTV.

Performance

VOT vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Growth ETF (VOT) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOT achieves a 9.14% return, which is significantly lower than VTV's 13.16% return. Both investments have delivered pretty close results over the past 10 years, with VOT having a 12.21% annualized return and VTV not far ahead at 12.49%.

VOT

• 1D: 0.69%
• 1M: 5.16%
• YTD: 9.14%
• 6M: 6.88%
• 1Y: 12.25%
• 3Y*: 16.56%
• 5Y*: 7.03%
• 10Y*: 12.21%

VTV

• 1D: 0.77%
• 1M: 4.08%
• YTD: 13.16%
• 6M: 14.00%
• 1Y: 27.88%
• 3Y*: 18.69%
• 5Y*: 11.41%
• 10Y*: 12.49%

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

VOT vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOT Vanguard Mid-Cap Growth ETF	9.14%	10.72%	16.38%	23.10%	-28.87%	20.50%	34.50%	33.76%	-5.56%	21.80%
VTV Vanguard Value ETF	13.16%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between VOT and VTV is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Aug 28, 2006	0.80

The correlation between VOT and VTV shifts across timeframes, from 0.67 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

VOT vs. VTV - Sectors Allocation Comparison

Sectors	VOT	VTV
Technology	28.9%	13.4%
Industrials	23.7%	14.0%
Consumer Cyclical	13.9%	4.0%
Healthcare	9.3%	14.5%
Financial Services	6.8%	22.3%
Real Estate	4.8%	2.8%
Communication Services	3.8%	3.3%
Utilities	3.5%	5.2%
Energy	2.7%	8.1%
Basic Materials	1.8%	3.1%
Consumer Defensive	0.8%	9.4%

Return for Risk

VOT vs. VTV — Risk / Return Rank

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

VOT

VOT Risk / Return Rank: 22
VOT Sharpe Ratio Rank: 23
VOT Sortino Ratio Rank: 23
VOT Omega Ratio Rank: 22
VOT Calmar Ratio Rank: 19
VOT Martin Ratio Rank: 21

VTV

VTV Risk / Return Rank: 85
VTV Sharpe Ratio Rank: 85
VTV Sortino Ratio Rank: 88
VTV Omega Ratio Rank: 83
VTV Calmar Ratio Rank: 83
VTV Martin Ratio Rank: 83

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.

VOT vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth ETF (VOT) and Vanguard Value ETF (VTV). 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.

	VOT	VTV	Difference
Sharpe ratio: Return per unit of total volatility	0.78	2.77	-1.99
Sortino ratio: Return per unit of downside risk	1.18	3.95	-2.78
Omega ratio: Gain probability vs. loss probability	1.14	1.50	-0.36
Calmar ratio: Return relative to maximum drawdown	0.77	4.41	-3.64
Martin ratio: Return relative to average drawdown	2.31	16.67	-14.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOT vs. VTV - Sharpe Ratio Comparison

The current VOT Sharpe Ratio is 0.78, which is lower than the VTV Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of VOT and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VOT	VTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	2.77	-1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.83	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.75	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.51	-0.06

Drawdowns

VOT vs. VTV - Drawdown Comparison

The maximum VOT drawdown since its inception was -60.16%, roughly equal to the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VOT and VTV.

Drawdown Indicators

	VOT	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-60.16%	-59.27%	-0.89%
Max Drawdown (1Y) Largest decline over 1 year	-15.96%	-6.35%	-9.61%
Max Drawdown (3Y) Largest decline over 3 years	-21.77%	-14.52%	-7.25%
Max Drawdown (5Y) Largest decline over 5 years	-37.19%	-17.04%	-20.15%
Max Drawdown (10Y) Largest decline over 10 years	-37.19%	-36.78%	-0.41%
Current Drawdown Current decline from peak	-0.14%	0.00%	-0.14%
Average Drawdown Average peak-to-trough decline	-9.96%	-7.87%	-2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.32%	1.68%	+3.64%

Volatility

VOT vs. VTV - Volatility Comparison

Vanguard Mid-Cap Growth ETF (VOT) has a higher volatility of 4.30% compared to Vanguard Value ETF (VTV) at 2.48%. This indicates that VOT's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOT	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	2.48%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	7.57%	+4.80%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	10.12%	+5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.35%	13.88%	+7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	16.66%	+4.32%

VOT vs. VTV - Expense Ratio Comparison

VOT has a 0.05% expense ratio, which is higher than VTV's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VOT vs. VTV - Dividend Comparison

VOT's dividend yield for the trailing twelve months is around 0.61%, less than VTV's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOT Vanguard Mid-Cap Growth ETF	0.61%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.81%
VTV Vanguard Value ETF	1.85%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VOT and VTV in my portfolio?

VOT and VTV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOT or VTV?

VOT has higher volatility (4.30%) compared to VTV (2.48%). In terms of maximum drawdown, VOT dropped -60.16% vs VTV's -59.27%.

Which ETF is better, VOT or VTV?

On 10-year performance, VTV leads with 12.49% vs 12.21% for VOT. On fees, VTV is cheaper at 0.04% per year. On volatility, VTV has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOT or VTV?

Over the 10-year period, VTV has performed better with a 12.49% return vs 12.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOT or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.05% for VOT.

Which ETF pays a higher dividend yield, VOT or VTV?

VTV has the higher dividend yield at 1.85%, compared with 0.61% for VOT.

What is the main difference between VOT and VTV?

VOT is categorized as Mid Cap Growth Equities, while VTV is Large Cap Value Equities. VOT tracks CRSP US Mid Cap Growth Index, while VTV tracks CRSP US Large Cap Value Index. Their fees differ too: 0.05% for VOT and 0.04% for VTV.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.77 vs 0.78), 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.