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Vanguard is known for offering low-cost, passively managed ETFs that emphasize broad market exposure and long-term investing. The company operates 175 ETFs across diverse fund families including Index, Bond, Equity, Dividend, Income, International, Factor, and ESG strategies, serving investors with various goals from core portfolio building to specialized income generation. Notable for its scale and popular tickers like VB (total U.S. small-cap), BND (total bond market), and VBIAX (international bonds), Vanguard focuses on providing comprehensive, index-based investment solutions with an emphasis on cost efficiency and accessibility.
See our curated list of related YouTube videos on VOO and VOOV.
Track the performance of the S&P 500 Index, representing 500 of the largest U.S. companies.
Tracks the S&P 500 Value Index.
Asset class
Equity
Equity
Inception date
09/07/2010
09/07/2010
Beta
1.0
0.79
Last dividend
$1.9622
$0.9180
Ex-dividend date
06/26/2026
06/24/2026
Bottom lineChoose VOO if you want simple, diversified core exposure in one low-cost fund. Choose VOOV if you want higher current income (1.65% vs 1.14% for VOO).
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
VOO (Vanguard S&P 500 ETF) and VOOV (Vanguard S&P 500 Value ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
VOOV offers the higher yield at 1.65% vs 1.14% for VOO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
VOO is cheaper with an expense ratio of 0.03% compared to 0.10%.
They track different benchmarks: VOO is linked to S&P 500 Index while VOOV tracks S&P 500 Value Index, which means their performance drivers differ.
VOO is the larger fund by assets ($1033B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose VOO
Vanguard S&P 500 ETF
Want simple, diversified core exposure as a portfolio building block.
Want to keep costs low — a 0.03% expense ratio vs 0.10% for VOOV.
Choose VOOV
Vanguard S&P 500 Value ETF
Want higher current income — VOOV yields 1.65% vs 1.14% for VOO.
Want broad equity exposure.
Prefer lower volatility — a beta of 0.8 vs 1.0 for VOO.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, VOO would generate roughly $9.50/month, while VOOV would produce $13.75/month, at current distribution rates. Both pay quarterly distributions.
VOO yield1.14%
VOOV yield1.65%
Monthly diff on $10K$4.25
Cost & efficiency
Over 10 years on $10,000, VOO would cost approximately $30 in fees vs $100 for VOOV (simplified, not compounded). The $70.00 difference may be offset by yield or performance.
VOO ER0.03%
VOOV ER0.10%
Strategy & risk
VOO tracks S&P 500 Index with a large cap approach, while VOOV tracks S&P 500 Value Index. Beta is 1.0 for VOO and 0.79 for VOOV, indicating VOOV is less volatile relative to the market.
VOO beta1.0
VOOV beta0.79
Fund details
VOO is managed by Vanguard (launched 09/07/2010) with $1033B in assets. VOOV is managed by Vanguard (launched 09/07/2010) with $6.42B in assets.
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Frequently asked questions
Is VOO or VOOV better for dividend income?
It depends on your goals. VOOV currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between VOO and VOOV?
VOO (Vanguard S&P 500 ETF) tracks S&P 500 Index with a large cap approach, while VOOV (Vanguard S&P 500 Value ETF) tracks S&P 500 Value Index. They are issued by Vanguard and Vanguard respectively.
Can I hold both VOO and VOOV?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, VOO or VOOV?
VOO has an expense ratio of 0.03% while VOOV charges 0.10%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in VOO vs VOOV generate?
At current rates, $10,000 in VOO would generate roughly $9.50 per month ($114.00 annually). The same in VOOV would produce about $13.75 per month ($165.00 annually).
Explore related screeners
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