VOE vs VONG
Vanguard Morningstar Mid-Cap Value ETF vs Vanguard Russell 1000 Growth ETF
Which is better, VOE or VONG?
Mid Cap Value against Large Cap Growth.
VOE has a lower expense ratio. VOE led over 1Y, VONG over 3Y, 5Y and the full window. VOE is less concentrated, with 13.9% of the fund in its ten largest positions against 56.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | VOE | VONG |
|---|---|---|
| Expense Ratio | 0.05%Best | 0.06% |
| AUM | $22.8B | $47.1B |
| Dividend Yield | 1.99% | 0.45% |
| Holdings | 174 | 374 |
| YTD Return | +15.35%Best | +5.71% |
| 1Y Return | +19.89%Best | +7.44% |
| 3Y Return (annualized) | +18.37% | +22.48%Best |
| 5Y Return (annualized) | +9.37% | +12.72%Best |
| Volatility (annualized) | 15.8%Tie | 15.8%Tie |
| Max Drawdown | -43.6% | -32.7%Best |
| $10,000 over 5 years | $15,649 | $18,197Best |
| Top 10 Weight | 13.9%Best | 56.8% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Growth |
| Inception | Aug 17, 2006 | Sep 20, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2010 to Oct 14, 2026 (16.1 years).
VOE vs VONG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.1 years both funds cover.
VOE vs VONG Performance
Vanguard Morningstar Mid-Cap Value ETF (VOE) is an ETF from Vanguard (US) and Vanguard Russell 1000 Growth ETF (VONG) is an ETF from Vanguard (US). Over the past year VOE returned +19.89% while VONG returned +7.44%. Year to date, VOE is up 15.35% versus a gain of 5.71% for VONG.
Over three years, VOE compounded at +18.37% per year against +22.48% for VONG; over five years the annualized figures are +9.37% and +12.72% respectively. Across the full 16-year window we track, VONG has the edge at +15.59% annualized vs +10.33%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOE and VONG have been equally volatile, both at 15.8% annualized.
The deepest peak-to-trough decline in our data was -43.6% for VOE and -32.7% for VONG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VOE charges 0.05% per year while VONG charges 0.06%. On a $10,000 position that is $5 vs $6 annually, a gap of $1 per year that compounds over a long holding period. On income, VOE currently yields 1.99% against 0.45% for VONG.
Holdings Overlap
23.8% of VOE's money is in holdings VONG also owns. 1.5% of VONG's money is in holdings VOE also owns.
VOE and VONG share little of their money.
31 positions in common, counted across the 167 positions we hold weights for in VOE and 367 in VONG, against full books of 174 and 374.
What only one of them owns
Our book lists 272 positions for VONG that do not appear in our book for VOE (97.9% of the fund), and 133 for VOE that do not appear in VONG (73.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in VOE | Weight in VONG | Difference |
|---|---|---|---|
| MPCMarathon Petroleum Corp | 1.81% | 0.17% | 1.64% |
| VLOValero Energy Corp. | 1.77% | 0.04% | 1.73% |
| PSXPhillips 66 | 1.64% | 0.02% | 1.62% |
| CMICummins Inc. | 1.30% | 0.11% | 1.19% |
| SPGSimon Property Group Inc | 1.09% | 0.20% | 0.89% |
| CORCencora Inc | 0.99% | 0.18% | 0.81% |
| URIUnited Rentals Inc. | 1.08% | 0.04% | 1.04% |
| LNGCheniere Corp Christi | 1.02% | 0.01% | 1.01% |
| KEYSKeysight Technologies Inc. | 0.92% | 0.09% | 0.83% |
| CAHCardinal Health Inc. | 0.91% | 0.08% | 0.83% |
23.8% of VOE is already inside VONG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VOE or VONG?
VOE has an expense ratio of 0.05% while VONG charges 0.06%. VOE is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, VOE or VONG?
Over the past year VOE returned +19.89% vs +7.44% for VONG, so VOE leads on 1-year performance. Over the longest common window we track (16 years), VOE annualized +10.33% vs +15.59% for VONG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOE or VONG?
VOE and VONG have been equally volatile, both at 15.8% annualized. Worst drawdown: VOE -43.6% vs VONG -32.7%.
Should I hold both VOE and VONG?
VOE and VONG have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between VOE and VONG?
23.8% of VOE's money is in holdings VONG also owns. 1.5% of VONG's is in holdings VOE also owns. They hold 31 positions in common, counted across the 167 positions we hold weights for in VOE and 367 in VONG.
Which pays a higher dividend, VOE or VONG?
VOE yields 1.99% while VONG yields 0.45%, so VOE currently pays the higher dividend yield.
Is VONG better than VOE?
VOE has a lower expense ratio. VOE led over 1Y, VONG over 3Y, 5Y and the full window. VOE is less concentrated, with 13.9% of the fund in its ten largest positions against 56.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.