How do the fees of VOO and VT compare?

VOO charges a 0.03% expense ratio and VT charges 0.06%. On a $10,000 investment that is about $3 a year for VOO and $6 a year for VT, a difference of roughly $3. Both are among the cheapest funds in their categories, so the fee gap is small in absolute terms even though VT costs twice as much in percentage terms.

What does each fund track?

VOO tracks the S&P 500, an index of about 500 large US companies, and currently holds 516 positions. VT tracks the FTSE Global All Cap Net Tax (US RIC) Index, which covers large, mid and small caps in the US, developed and emerging markets. VT holds roughly 10,180 stocks, so it is far broader than VOO.

How much do the holdings of VOO and VT overlap?

Nine of the top 10 holdings appear in both funds: NVDA, AAPL, MSFT, AMZN, GOOGL, AVGO, GOOG, META and MU. The difference is weight. NVDA is 8.08% of VOO but 4.32% of VT, because VT spreads assets across thousands of non-US stocks. VT's top 10 also includes TSMC (TPE: 2330), which VOO does not hold.

Which fund pays a higher dividend yield?

VT has the higher yield at 1.51%, against 1.04% for VOO. The gap comes from VT's international holdings, since many non-US markets have higher payout ratios than US large-cap growth stocks. Neither fund is designed as an income product, and both distribute dividends quarterly rather than targeting a specific yield.

Which fund suits which investment goal?

VOO suits investors who want a focused position in US large caps and are comfortable with a single-country portfolio. VT suits investors who want a one-fund global equity holding and prefer not to decide how much to allocate to international markets. Some investors hold VOO and add a separate international fund instead.

How do size and liquidity compare?

VOO is one of the largest ETFs in the world with about $1.08 trillion in net assets. VT is much smaller at about $81 billion, but that is still a large fund with tight trading spreads for retail-size orders. Both are Vanguard products and both trade on US exchanges during normal market hours.

Is VT simply VOO plus international stocks?

Not exactly. VT does include the large US companies found in VOO, but it also holds US mid and small caps, which VOO excludes, plus thousands of non-US stocks. The US share of VT changes with market values, so the US weighting is not fixed. VOO is a subset of VT's US exposure rather than a direct component.

Can I hold both VOO and VT?

Yes, but holding both tilts a portfolio toward US large caps, because VOO's holdings are already inside VT. Investors who want extra US exposure sometimes do this on purpose. If the goal is global diversification at the fund's own weights, VT alone already provides it, and adding VOO reduces the international share.

How concentrated are the top holdings?

VOO's top holding, NVDA, is 8.08% and its top three names together exceed 20%. VT's top holding is also NVDA but at 4.32%, roughly half the weight. Because VT holds about 10,180 stocks compared with 516 in VOO, any single company has a smaller effect on VT's returns.

Are there tax or account differences to consider?

Both are US-listed ETFs, so non-US investors may face withholding tax on dividends depending on their country and account type. VT's international holdings can add a layer of foreign withholding inside the fund. Rules vary widely, so check how your local tax regime and account wrapper treat US-domiciled ETFs before investing.

VOO vs VT

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

VOO tracks the S&P 500, about 516 US large caps, for a 0.03% expense ratio, while VT holds roughly 10,180 stocks across the FTSE Global All Cap index for 0.06%. VOO suits investors who want a concentrated US position, and VT suits those who want one fund covering US and international markets, with a 1.51% yield versus 1.04%. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

VOO

Metric

0.03%

Expense Ratio

0.06%

1.04%

Dividend Yield

1.51%

$1.08T

Net Assets

$81.23B

516

Holdings

10,180

Sep 7, 2010

Inception Date

Jun 24, 2008

S&P 500

Index Tracked

FTSE Global All Cap Net Tax (US RIC) Index

Large Blend

Fund Category

Global Large-Stock Blend

VOO costs about $3.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	VOO	VT
NVDANVIDIA Corporation	8.08%	4.32%
AAPLApple Inc.	7.03%	3.84%
MSFTMicrosoft Corporation	5.70%	3.16%
AMZNAmazon.com, Inc.	3.84%	2.11%
GOOGLAlphabet Inc.	3.01%	1.68%
AVGOBroadcom Inc.	2.65%	1.44%
GOOGAlphabet Inc.	2.40%	1.31%
METAMeta Platforms, Inc.	1.90%	1.05%
MUMicron Technology, Inc.	1.63%	0.91%

Discover More Comparisons

VOO vs VXF

Compare VOO vs VXF on fees, holdings and dividends. VOO is 0.03%, VXF 0.05%. Both yield 1.03%. Shared top-10 holdings are none. Index tracking unavailable.

VOO vs VUG

Compare VOO and VUG. Examine 0.03% expense ratios, dividend yields, top holdings and market segment tracking to understand their structural differences.

VOO vs VXUS

VOO vs VXUS: VOO holds 516 US stocks for 0.03% a year, VXUS holds about 8,860 non-US stocks for 0.05%. Compare fees, yield, size and overlap.

Investment Analysis

VOO

Pros

Lowest fee of the pair at 0.03%, or about $3 a year per $10,000 invested
Around $1.08 trillion in net assets, one of the largest and most traded ETFs
Pure S&P 500 exposure with 516 holdings and a simple, widely followed index

Considerations

No exposure to non-US markets, so returns depend entirely on US large caps
Top 10 holdings lean heavily on US mega-cap technology names like NVDA and AAPL
Lower dividend yield at 1.04% compared with VT at 1.51%

VT

Pros

One fund covers roughly 10,180 stocks across US, developed and emerging markets
Higher dividend yield at 1.51% versus 1.04% for VOO
Global diversification reduces reliance on a single country's stock market

Considerations

Expense ratio of 0.06% is double VOO's, about $3 more per $10,000 each year
Smaller fund at about $81 billion in assets, though still large by ETF standards
International stocks add currency and country risk that US-only investors avoid

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About VOO and VT

VOO (VOO)

VOO is Vanguard’s exchange-traded fund designed to track the S&P 500 Index, offering broad exposure to about 500 of the largest publicly traded US companies. It aims to replicate the index’s performance minus fees by holding the same stocks in similar proportions, making it a straightforward, passive way to access large‑cap US equities. Investors commonly use VOO as a core holding for long‑term growth or as a simple building block in a diversified portfolio. It typically offers high liquidity and regular dividend distributions from underlying companies. As with any equity investment, VOO’s value can rise or fall with the market, and past performance is not a guide to future returns. Fees, trading costs and potential tracking error reduce returns slightly. This information is general and educational only and not personalised financial advice — consider your own circumstances or speak to a qualified adviser before investing.

VT (VT)

Vanguard Total World Stock ETF (VT) is a passively managed exchange-traded fund that provides broad exposure to global equity markets by tracking a market-cap-weighted index covering developed and emerging economies and large-, mid- and small-cap companies. For investors, VT offers a simple, single-ticket way to own thousands of stocks worldwide, reducing the need to pick individual shares or multiple regional funds. As an ETF it trades like a share; note that market capitalisation is not normally applied to an ETF itself — assets under management and share price are more relevant. VT’s returns mirror the underlying index, less fees and trading costs, so it will rise and fall with global equity markets. Considerations include currency risk, sector and country concentration, ongoing charges and trading spreads. This information is general and educational, not personalised advice; suitability depends on your objectives, time horizon and tolerance for market volatility.

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VOO vs VT

Fund Snapshot