What is the main difference between VOO and VV?

VOO tracks the S&P 500 index, while VV tracks a broader large-cap market index. Both funds are managed by Vanguard and have a low expense ratio of 0.03%. The primary difference lies in their index tracking, with VOO being more focused on the S&P 500.

Why do expense ratios matter for ETFs?

Expense ratios matter for ETFs because they represent the annual fee charged to manage the fund. A lower expense ratio means less cost drag on your investment, which can enhance net returns over the long term. For example, a 0.03% expense ratio ensures that more of your investment grows, benefiting long-term shareholders.

How do ETFs distribute dividends?

ETFs distribute dividends to investors based on the holdings within the fund. The dividend yield, which is the annual dividends per share divided by the fund's share price, indicates the income potential. For instance, VOO has a dividend yield of 1.03%, while VV has a slightly lower yield of 0.98%.

What are the top holdings for VOO and VV?

The top holdings for both VOO and VV include NVDA, AAPL, MSFT, AMZN, GOOGL, AVGO, GOOG, META, MU, and TSLA. The weights are similar, with VOO having NVDA at 8.08% and AAPL at 7.03%, and VV having NVDA at 7.83% and AAPL at 7.18%.

Is there any significant difference in liquidity between VOO and VV?

VOO has net assets of $1.08 trillion, which likely ensures high liquidity and tight bid-ask spreads for trading. VV, on the other hand, has net assets of $54.2 billion, which still supports liquidity and efficient fund operations for traders. Both funds are highly liquid, but VOO may offer slightly tighter spreads due to its larger asset base.

What are the pros and cons of investing in VOO?

VOO has a massive net asset value, ensuring high liquidity and tight bid-ask spreads. Its low expense ratio minimises cost drag, enhancing net returns. However, it carries significant single-stock concentration risks due to top holdings like NVDA and AAPL. The dividend yield of 1.03% is modest and may not appeal to income-focused investors.

What are the pros and cons of investing in VV?

VV has a low expense ratio of 0.03% and $54.2 billion in net assets, ensuring good liquidity. Its longer history, dating back to 2004, demonstrates consistent management through market cycles. However, it also has tech stock concentration risks and a slightly lower dividend yield of 0.98%.

What risks are associated with high single-stock concentration in ETFs?

High single-stock concentration in ETFs, like VOO and VV, increases vulnerability to sector-specific volatility. If a heavily weighted stock performs poorly, it can significantly impact the fund's overall returns. This risk is present in both funds, as they share top holdings such as NVDA and AAPL.

How do sector weights affect investment decisions?

Sector weights can affect investment decisions by providing insight into the fund's diversification across industries. If sector weights are not available, it limits detailed portfolio transparency and makes it harder to assess industry diversification and risk exposure. This applies to both VOO and VV, as their sector weights are not available.

What is the significance of the inception date of an ETF?

The inception date of an ETF can provide context for its track record and operational efficiency. For example, VOO was established in September 2010, offering a modern and well-established track record, while VV was established in January 2004, providing a longer history of consistent management through various market cycles.

VOO vs VV

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

Compare the S&P 500 Vanguard ETF (VOO) and the Vanguard Large-Cap ETF (VV). This page outlines their fees, holdings, dividends, and how each fund tracks its market. Both share a low 0.03% expense ratio. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

VOO

Metric

0.03%

Expense Ratio

0.03%

1.03%

Dividend Yield

0.98%

$1.08T

Net Assets

$54.19B

516

Holdings

444

Sep 7, 2010

Inception Date

Jan 27, 2004

–

Index Tracked

–

Large Blend

Fund Category

Large Blend

Both funds charge the same annual fee.

Shared Top Holdings

Holding	VOO	VV
NVDANVIDIA Corporation	8.08%	7.83%
AAPLApple Inc.	7.03%	7.18%
MSFTMicrosoft Corporation	5.70%	5.81%
AMZNAmazon.com, Inc.	3.84%	3.88%
GOOGLAlphabet Inc.	3.01%	3.07%
AVGOBroadcom Inc.	2.65%	2.71%
GOOGAlphabet Inc.	2.40%	2.42%
METAMeta Platforms, Inc.	1.90%	1.94%
MUMicron Technology, Inc.	1.63%	1.67%
TSLATesla, Inc.	1.57%	1.60%

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VOO vs VUG

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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.

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Compare VOO and VT: 0.03% vs 0.06% expense ratio, S&P 500 vs global all-cap index, 516 vs 10,180 holdings, and a 1.04% vs 1.51% dividend yield.

Investment Analysis

VOO

Pros

The massive $1.08 trillion net assets likely ensure high liquidity and tight bid-ask spreads for trading.
A low 0.03% expense ratio minimises cost drag, enhancing net returns for long-term shareholders.
Inception in 2010 supports a solid track record with modern operational efficiency and investor familiarity.

Considerations

Top holdings like NVDA and AAPL create significant single-stock concentration risks despite broad index tracking.
The 1.03% dividend yield is modest and may underperform income-focused asset classes.
Specific sector weights are not available, limiting detailed portfolio transparency for investors.

VV

Pros

A 0.03% expense ratio matches the most cost-efficient passive funds available in large-cap categories.
The 54.2 billion dollars in net assets support liquidity and efficient fund operations for traders.
Inception in 2004 provides a longer history than Fund A, demonstrating consistent management through cycles.

Considerations

Concentration in tech stocks such as NVDA and AAPL increases vulnerability to sector-specific volatility.
The 0.98% dividend yield is slightly lower than Fund A's, limiting income potential for holders.
Unavailability of specific sector weights hinders thorough assessment of industry diversification and risk exposure.

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About VOO and VV

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.

VV (VV)

The Vanguard Large-Cap ETF (VV) is designed to track the performance of the large-cap segment of the U.S. equity market. It aims to replicate a broad index that measures the performance of the 500 largest publicly traded companies in the United States, representing a significant portion of the total U.S. stock market. With a low expense ratio of 0.03%, this fund offers investors a cost-effective way to gain diversified exposure to established, market-leading companies. Since its inception in January 2004, the fund has grown to hold net assets of approximately USD 54.19 billion across 444 holdings. Investors should note that while large-cap stocks are often considered stable, their values can rise and fall with market conditions, and returns are not guaranteed. This ETF is suitable for those seeking long-term growth through broad exposure to the U.S. corporate landscape.

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VOO vs VV

Fund Snapshot