VTIAX vs. VOE

Last updated Jun 10, 2026

VTIAX (Vanguard Total International Stock Index Fund Admiral Shares) and VOE (Vanguard Mid-Cap Value ETF) are both funds - VTIAX is a Foreign Large Cap Equities fund tracking the FTSE Global All Cap ex US Index, while VOE is a Mid Cap Value Equities fund tracking the CRSP US Mid Cap Value Index. Both are passively managed. Over the past 10 years, VTIAX returned 9.58%/yr vs 10.62%/yr for VOE. A 0.76 correlation means they provide meaningful diversification when combined. VTIAX charges 0.09%/yr vs 0.05%/yr for VOE.

Performance

VTIAX vs. VOE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) and Vanguard Mid-Cap Value ETF (VOE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VTIAX having a 10.86% return and VOE slightly higher at 11.32%. Over the past 10 years, VTIAX has underperformed VOE with an annualized return of 9.58%, while VOE has yielded a comparatively higher 10.62% annualized return.

VTIAX

• 1D: 0.40%
• 1M: -1.86%
• YTD: 10.86%
• 6M: 13.54%
• 1Y: 26.37%
• 3Y*: 17.90%
• 5Y*: 7.85%
• 10Y*: 9.58%

VOE

• 1D: 0.73%
• 1M: 2.43%
• YTD: 11.32%
• 6M: 12.25%
• 1Y: 23.44%
• 3Y*: 16.08%
• 5Y*: 8.73%
• 10Y*: 10.62%

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

VTIAX vs. VOE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTIAX Vanguard Total International Stock Index Fund Admiral Shares	10.86%	32.18%	5.34%	15.28%	-16.02%	8.59%	11.27%	21.52%	-14.46%	27.54%
VOE Vanguard Mid-Cap Value ETF	11.32%	12.08%	14.00%	9.85%	-7.97%	28.78%	2.65%	27.85%	-12.48%	17.07%

Correlation

The correlation between VTIAX and VOE is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 29, 2010	0.76

The correlation between VTIAX and VOE shifts across timeframes, from 0.62 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

VTIAX vs. VOE - Sectors Allocation Comparison

Sectors	VTIAX	VOE
Financial Services	22.3%	16.5%
Technology	18.1%	10.9%
Industrials	16.1%	14.0%
Consumer Cyclical	8.4%	5.7%
Basic Materials	7.6%	5.8%
Healthcare	7.1%	6.3%
Energy	5.2%	12.8%
Consumer Defensive	5.0%	7.9%
Communication Services	4.4%	2.2%
Utilities	3.2%	12.1%
Real Estate	2.6%	6.0%

Return for Risk

VTIAX vs. VOE — Risk / Return Rank

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

VTIAX

VTIAX Risk / Return Rank: 51
VTIAX Sharpe Ratio Rank: 52
VTIAX Sortino Ratio Rank: 48
VTIAX Omega Ratio Rank: 54
VTIAX Calmar Ratio Rank: 50
VTIAX Martin Ratio Rank: 52

VOE

VOE Risk / Return Rank: 73
VOE Sharpe Ratio Rank: 71
VOE Sortino Ratio Rank: 75
VOE Omega Ratio Rank: 68
VOE Calmar Ratio Rank: 75
VOE Martin Ratio Rank: 76

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.

VTIAX vs. VOE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) 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.

	VTIAX	VOE	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.05	-0.21
Sortino ratio: Return per unit of downside risk	2.48	2.95	-0.47
Omega ratio: Gain probability vs. loss probability	1.34	1.36	-0.01
Calmar ratio: Return relative to maximum drawdown	2.38	3.40	-1.01
Martin ratio: Return relative to average drawdown	9.33	12.88	-3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTIAX vs. VOE - Sharpe Ratio Comparison

The current VTIAX Sharpe Ratio is 1.83, which is comparable to the VOE Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of VTIAX and VOE, 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

	VTIAX	VOE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.05	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.55	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.57	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.44	-0.02

Drawdowns

VTIAX vs. VOE - Drawdown Comparison

The maximum VTIAX drawdown since its inception was -35.83%, smaller than the maximum VOE drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for VTIAX and VOE.

Drawdown Indicators

	VTIAX	VOE	Difference
Max Drawdown Largest peak-to-trough decline	-35.83%	-61.50%	+25.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.28%	-6.93%	-4.35%
Max Drawdown (3Y) Largest decline over 3 years	-13.13%	-18.45%	+5.32%
Max Drawdown (5Y) Largest decline over 5 years	-29.56%	-19.70%	-9.86%
Max Drawdown (10Y) Largest decline over 10 years	-35.83%	-43.18%	+7.35%
Current Drawdown Current decline from peak	-3.94%	-0.40%	-3.54%
Average Drawdown Average peak-to-trough decline	-8.07%	-8.34%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	1.82%	+1.06%

Volatility

VTIAX vs. VOE - Volatility Comparison

Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) has a higher volatility of 5.45% compared to Vanguard Mid-Cap Value ETF (VOE) at 2.63%. This indicates that VTIAX'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.

Volatility by Period

	VTIAX	VOE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	2.63%	+2.82%
Volatility (6M) Calculated over the trailing 6-month period	12.51%	8.22%	+4.29%
Volatility (1Y) Calculated over the trailing 1-year period	14.71%	11.50%	+3.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.13%	16.04%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.96%	18.83%	-2.87%

VTIAX vs. VOE - Expense Ratio Comparison

VTIAX has a 0.09% expense ratio, which is higher than VOE's 0.05% 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

VTIAX vs. VOE - Dividend Comparison

VTIAX's dividend yield for the trailing twelve months is around 2.71%, more than VOE's 1.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOE Vanguard Mid-Cap Value ETF	1.87%	2.10%	2.11%	2.27%	2.27%	1.78%	2.36%	2.05%	2.75%	1.86%	1.92%	2.05%
VTIAX Vanguard Total International Stock Index Fund Admiral Shares	2.71%	3.15%	3.33%	3.22%	3.04%	3.05%	2.10%	3.04%	3.16%	2.73%	2.93%	2.84%

Frequently Asked Questions

Can I hold both VTIAX and VOE in my portfolio?

VTIAX and VOE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTIAX or VOE?

VTIAX has higher volatility (5.45%) compared to VOE (2.63%). In terms of maximum drawdown, VTIAX dropped -35.83% vs VOE's -61.50%.

Which has better risk-adjusted returns?

VOE currently has the higher Sharpe Ratio (2.05 vs 1.83), 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.