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ETF Comparison

VOOG vs VOOV: Same Index Family, Opposite Style Tilt

A head-to-head of Vanguard's S&P 500 Growth ETF and S&P 500 Value ETF covering how each slice is built, cost, and what they already share.

Data updated September 22, 2026

Best for

  • VOOGInvestors who want broad equity exposure.
  • VOOVInvestors who want higher current income (1.63% vs 0.41% for VOOG).

Jump to the side-by-side numbers

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.

VOOG has outpaced VOOV over the trailing twelve months, posting a 18.54% total return against 15.63%. The lead holds up over 10 years too: VOOG has compounded at 17.98% a year, against 11.87% for VOOV. VOOV has been the steadier holding, though — annualized volatility of 12.4% against 19.6% for VOOG. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD1Y3Y5Y10YSince Sep 2010Volatility Sharpe Sortino Max drawdown
VOOG16.78%18.54%28.61%14.48%17.98%16.95%19.6%1.071.54-22.2%
VOOV10.82%15.63%16.61%12.18%11.87%12.15%12.4%0.881.27-17.5%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 22, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Sep 2010” measures every fund from September 9, 2010 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricVOOGVOOV
Full nameVanguard S&P 500 Growth ETFVanguard S&P 500 Value ETF
IssuerVanguardVanguard
Underlying indexS&P 500 Growth IndexS&P 500 Value Index
Last Close$86.37 as of September 22, 2026$225.86 as of September 22, 2026
Distribution rate0.41%1.63%
Distribution Safety Score™ 8093
Safety-Adjusted Yield 0.33%1.52%
Expense ratio0.07%0.07%
AUM$27.3B$6.66B
Distribution frequencyQuarterlyQuarterly
ObjectiveTracks the S&P 500 Growth Index.Tracks the S&P 500 Value Index.
Asset classEquityEquity
Inception date09/07/201009/07/2010
Beta1.220.77
Last dividend$0.088$0.918
Ex-dividend date06/24/202606/24/2026

Bottom lineChoose VOOG if you want broad equity exposure. Choose VOOV if you want higher current income (1.63% vs 0.41% for VOOG).

VOOG vs VOOV: S&P 500 growth or value?

Same issuer, opposite style slices of the S&P 500. Growth versus value is the decision.

VOOGVOOV
IndexS&P 500 Growth IndexS&P 500 Value Index
Expense ratio0.07%0.07%
Distribution rate0.41%1.63%
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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

Vanguard
ETFs116
Total AUM$4698B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Vanguard is one of the largest and most established ETF issuers, known for low-cost, broadly diversified fund offerings built on passive indexing principles. Their lineup spans multiple asset classes and strategies, including core equity and bond index funds, dividend-focused portfolios, ESG-screened options, factor-based strategies, sector exposure, target-date retirement funds, and international investments across developed and emerging markets. The platform is characterized by its emphasis on accessibility and cost efficiency across a comprehensive range of fund families, serving both individual investors seeking broad market exposure and those pursuing specific income, sustainability, or thematic objectives.

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Quick verdict

VOOG (Vanguard S&P 500 Growth 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 1.63% vs 0.41% for VOOG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

They have different reference exposures: VOOG is linked to S&P 500 Growth Index while VOOV is linked to S&P 500 Value Index, which means their performance drivers differ.

VOOG is the larger fund by assets ($27.3B), but assets alone do not establish trading costs or liquidity.

Deep dive

Yield & income

On a $10,000 investment, VOOG would generate roughly $10.25 cash per distribution, while VOOV would produce $40.75 cash per distribution, at current distribution rates. Both pay quarterly distributions.

VOOG yield0.41%
VOOV yield1.63%
Cash diff on $10K$30.50

Cost & efficiency

Over 10 years on $10,000, VOOG would cost approximately $70 in fees vs $70 for VOOV (simplified, not compounded). Both charge the same expense ratio.

VOOG ER0.07%
VOOV ER0.07%

Strategy & risk

VOOG tracks S&P 500 Growth Index, while VOOV tracks S&P 500 Value Index. Beta is 1.22 for VOOG and 0.77 for VOOV, making VOOV the less volatile of the two by this measure.

VOOG beta1.22
VOOV beta0.77

Fund details

VOOG is managed by Vanguard (launched 09/07/2010) with $27.3B in assets. VOOV is managed by Vanguard (launched 09/07/2010) with $6.66B in assets.

VOOG AUM$27.3B
VOOV AUM$6.66B
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Frequently asked questions

What is the difference between VOOG and VOOV?

Same issuer, opposite S&P 500 style slices. VOOG (Vanguard S&P 500 Growth ETF) tracks S&P 500 Growth Index. VOOV (Vanguard S&P 500 Value ETF) tracks S&P 500 Value Index. Cost is 0.07% versus 0.07%; distributions are 0.41% and 1.63% as of September 2026. Growth versus value inside the S&P 500 is the decision, not a small yield gap.

What is the current distribution rate for VOOG and VOOV?

VOOG currently distributes 0.41% and VOOV 1.63%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is VOOG 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.

Can I hold both VOOG 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.

Is VOOG or VOOV safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — VOOV scores 93, VOOG scores 80, so VOOV's payout currently looks the more resilient of the two. VOOV has also shown lower price volatility (beta 0.77 vs 1.22 for VOOG). No score makes an investment risk-free — treat this as a screening signal, not a guarantee.

Which has lower fees, VOOG or VOOV?

VOOG and VOOV both charge the same expense ratio of 0.07%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.

How much income does $10,000 in VOOG vs VOOV generate?

At current rates, $10,000 in VOOG would generate roughly $10.25 cash per distribution ($41.00 annually). The same in VOOV would produce about $40.75 cash per distribution ($163.00 annually).

Which has performed better historically, VOOG or VOOV?

VOOG has outpaced VOOV over the trailing twelve months, posting a 18.54% total return against 15.63%. The lead holds up over 10 years too: VOOG has compounded at 17.98% a year, against 11.87% for VOOV. VOOV has been the steadier holding, though — annualized volatility of 12.4% against 19.6% for VOOG. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

VOOG vs VOOV — at a glance

Generated September 19, 2026.

Overview

VOOG and VOOV are both Vanguard ETFs tracking distinct segments of the S&P 500, split by growth and value style factors. VOOG holds the 500's fastest-growing companies, while VOOV holds the most attractively valued ones. The two funds diverge sharply in volatility, dividend yield, and momentum sensitivity—making them fundamentally different bets on the same underlying market.

How they differ

The core difference is strategy: VOOG tilts toward companies with higher earnings and revenue growth, while VOOV tilts toward companies trading at lower price-to-earnings and price-to-book multiples. VOOG carries a 1.22 beta versus 0.77 for VOOV, meaning growth stocks amplify market moves significantly more than value stocks do. On income, VOOV yields 1.63% against 0.41% for VOOG—a spread driven by value stocks' stronger cash dividends and lower multiples. Both funds charge 0.07% in expenses and distribute quarterly. VOOG's $27.3B in AUM dwarfs VOOV's $6.66B, reflecting the wider popularity of growth-tilted products over the past decade.

Who each is best for

VOOG: Fits investors with higher risk tolerance who expect earnings growth to lead returns and are comfortable with above-market sensitivity to downturns and rallies in tech and discretionary stocks.

VOOV: Fits investors prioritizing current income and steadier price moves, or those who believe value-factor returns will mean-revert after a prolonged growth outperformance cycle.

Key risks to know

  • Growth concentration and earnings sensitivity. VOOG's high beta and growth tilt mean it will fall harder in recessions, rising-rate environments, or earnings disappointments in mega-cap tech—the sector's heaviest weight.
  • Value trap and mean reversion timing. VOOV's lower valuation multiples reflect market skepticism about future returns in its holdings; betting on value mean-reversion can be costly if fundamentals continue to deteriorate or growth stocks extend their dominance.
  • Style factor volatility and overlap. Both funds track the same 500 companies but segment them differently; if the market rotates sharply between growth and value, one fund can significantly outperform the other for years, creating regret risk regardless of which you hold.
  • Low dividend income in absolute terms. Even VOOV's 1.63% yield is modest relative to historical equity yields, leaving both funds unsuitable as standalone income replacements.

Bottom line

If you expect accelerating growth and can tolerate above-market volatility, VOOG aligns with that view; if you prioritize current income and lower volatility, VOOV offers a meaningful yield advantage and a dampened beta. The tradeoff is permanent: holding both means continuously managing style drift and regret from whichever factor underperforms. Past performance doesn't predict future results—and the S&P 500's split between growth and value has swung dramatically over multiple decades.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

Dividend growth vs. high yield Yield on cost, explained How expense ratios eat returns

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