What is the primary difference between the Vanguard Value ETF (VTV) and the Vanguard Large-Cap ETF (VV)?

VTV focuses specifically on large-cap value stocks, seeking companies that may be undervalued relative to their fundamentals. In contrast, VV tracks a broad large-cap blend, encompassing both value and growth characteristics across the large-company landscape. While VTV highlights financials, energy, and industrials with a value tilt, VV includes significant exposure to technology and growth sectors. This distinction in investment style means their portfolios differ substantially despite both targeting the large-cap market segment.

How do the inception dates of VTV and VV influence their historical performance data?

Both funds were launched in late January 2004, VTV on the 26th and VV on the 27th, providing nearly identical track records of over two decades. This parallel history allows for direct comparison across various market cycles, including the 2008 financial crisis and subsequent bull markets. Because they have similar operational lifespans, investors can analyse relative performance without adjusting for differing inception periods, offering a robust framework for assessing how each strategy has performed under comparable economic conditions.

What does it mean when sector weights and index methodology are not available for both funds?

The absence of disclosed sector weights and index methodology for VTV and VV means specific breakdowns of their underlying classifications cannot be verified directly from the provided data. Investors must rely on top holdings and fund names to infer exposure. For example, VTV's top holdings suggest financial and energy weights, while VV's heavy tech concentration implies significant technology sector allocation. This lack of transparency requires analysing holdings carefully to understand the precise sector composition of each fund.

How do the expense ratios of VTV and VV compare, and what does this mean for costs?

Both VTV and VV charge an identical expense ratio of 0.03%, representing a very low cost structure for investors. This parity means fees are not a differentiating factor between the two funds. Over time, the cost impact remains minimal regardless of capital size, as both funds exhibit efficient operational expenses. Investors should focus on strategic alignment with investment goals rather than cost distinctions, since both options provide comparable fee efficiency within the Vanguard suite of exchange-traded funds.

Which fund has larger assets under management, and why does scale matter?

VTV holds significantly larger net assets at $191.1 billion compared to VV's $54.2 billion, reflecting greater investor participation in the value strategy. While both are substantial, VTV's scale may offer liquidity advantages for large transactions. However, VV's size is still robust for typical retail investors. Asset size can influence tracking error and trading costs, but with both funds well above critical thresholds, the practical difference for most investors remains minimal when selecting between these two established vehicles.

How do the top holdings of VTV and VV differ in terms of technology exposure?

VV demonstrates heavy technology concentration with top holdings including NVDA at 7.83%, AAPL at 7.18%, and MSFT at 5.81%, reflecting its blend strategy capturing growth leaders. VTV shows minimal tech exposure, with its highest tech weight being CSCO at 1.43%, while focusing on value-oriented names like JPM and XOM. This stark difference means VV performs closely to tech sector trends, whereas VTV offers a more defensive, traditional industry composition with less sensitivity to growth-stock volatility.

How does the dividend yield difference between VTV and VV reflect their investment styles?

VTV's yield of 1.85% exceeds VV's 0.98%, aligning with typical value investing characteristics where mature companies distribute profits. VV's lower yield reflects its blend approach, which includes growth-oriented firms that reinvest earnings rather than paying substantial dividends. The 0.87 percentage point difference means VTV offers more immediate cash income, potentially attractive in rising-rate environments. Conversely, VV's composition may generate returns through capital appreciation when growth stocks perform well, balancing lower yields with different total return drivers.

What does the single shared top holding (MU) between VTV and VV indicate?

The sole overlap in the top ten holdings, with MU appearing in both funds, suggests fundamentally different portfolio constructions. VV includes MU at 1.67% as part of its tech-weighted blend, while VTV holds it at a higher 3.94% reflecting its value tilt. This minimal overlap confirms the funds target distinct market segments, offering diversification benefits if combined. Investors seeking broad exposure might hold both, but the low correlation in their top holdings underscores their complementary rather than redundant roles in a portfolio.

How do ETF distributions work for funds like VTV and VV?

ETFs like VTV and VV typically distribute dividends and capital gains periodically, often quarterly, though schedules vary. These distributions come from underlying holdings and realised gains. The higher 1.85% yield of VTV suggests more regular cash payouts compared to VV's 0.98%. Investors should understand that distributions reduce NAV, making them not additional returns but rather reallocation of existing value. Both funds follow similar distribution mechanics as large Vanguard ETFs, though specific timing may differ based on tax regulations and portfolio turnover rates.

What tools help investors monitor the performance of VTV and VV?

Since sector weights and index methodologies are unavailable, investors should use financial platforms to track fund flows, NAV changes, and holdings updates. Monitoring top holdings like MU, JPM, and NVDA provides visibility into portfolio shifts. While direct data on sector allocations is missing, comparing the funds against relevant benchmarks, such as value versus blend indices, helps assess relative performance. Regular review of expense ratio consistency and net asset trends remains practical despite data limitations in the provided comparison metrics.

VTV vs VV

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

This page compares the Vanguard Value ETF (VTV) and the Vanguard Large-Cap ETF (VV), examining their fees, holdings, dividend yields, and how each fund tracks its respective market segment. While both funds share the same low expense ratio, VTV focuses on large-cap value stocks, whereas VV is a broad large-cap blend. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

VTV

Metric

0.03%

Expense Ratio

0.03%

1.85%

Dividend Yield

0.98%

$191.07B

Net Assets

$54.19B

319

Holdings

444

Jan 26, 2004

Inception Date

Jan 27, 2004

–

Index Tracked

–

Large Value

Fund Category

Large Blend

Both funds charge the same annual fee.

Shared Top Holdings

Holding	VTV	VV
MUMicron Technology, Inc.	3.94%	1.67%

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Investment Analysis

VTV

Pros

VTV has low costs with an expense ratio of 0.03%.
VTV offers a higher yield than VV at 1.85%.
VTV has significant assets under management at $191.1 billion.

Considerations

VTV sector weights are not available.
VTV index methodology is not available.
VTV holdings include less prominent tech exposure compared to VV.

VV

Pros

VV has low costs with an expense ratio of 0.03%.
VV has significant assets under management at $54.2 billion.
VV holds substantial weights in leading technology and growth companies.

Considerations

VV has a lower yield than VTV at 0.98%.
VV sector weights are not available.
VV index methodology is not available.

About VTV and VV

VTV (VTV)

The Vanguard Value ETF (VTV) is a large-cap value fund designed to track the performance of US large-capitalisation companies considered to have value characteristics. Launched in January 2004, it currently holds a diverse portfolio of 319 stocks. With a very low expense ratio of just 0.03%, it offers investors a cost-effective way to access established US companies that may be trading at lower prices relative to their fundamental metrics. The fund has accumulated net assets of approximately USD 191.07 billion, indicating significant liquidity and investor confidence. It currently provides a dividend yield of 1.85%. While value strategies can offer potential advantages during market rotations, like all investments, the value of shares can fall as well as rise, and returns are not guaranteed. This fund is generally suitable for investors seeking diversified exposure to the US large-cap value segment as part of a broader portfolio strategy.

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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VTV vs VV

Fund Snapshot

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Investment Analysis

VTV

Pros

Considerations

VV

Pros

Considerations

About VTV and VV

Buy VTV or VV in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Frequently asked questions

What is the primary difference between the Vanguard Value ETF (VTV) and the Vanguard Large-Cap ETF (VV)?

How do the inception dates of VTV and VV influence their historical performance data?

What does it mean when sector weights and index methodology are not available for both funds?

How do the expense ratios of VTV and VV compare, and what does this mean for costs?

Which fund has larger assets under management, and why does scale matter?

How do the top holdings of VTV and VV differ in terms of technology exposure?

How does the dividend yield difference between VTV and VV reflect their investment styles?

What does the single shared top holding (MU) between VTV and VV indicate?

How do ETF distributions work for funds like VTV and VV?

What tools help investors monitor the performance of VTV and VV?

Fund Snapshot

About VTV and VV

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