VGVT vs VOO

Quick Verdict

VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: VOOMore Diversified: VOO

Side-by-Side Comparison

MetricVGVTVOOWinner
Expense Ratio0.10%0.03%
AUM$39M$979.0B
Dividend Yield3.96%1.09%
Holdings194509
YTD Return-0.58%+9.95%
1Y Return+2.53%+19.58%
3Y Return (annualized)-+19.43%
5Y Return (annualized)-+12.89%
Volatility (annualized)3.4%14.2%
Max Drawdown-2.8%-34.3%
Fund FamilyVanguard (US)Vanguard (US)
CategoryFixed IncomeEquity
InceptionJun 18, 2025Sep 7, 2010

VGVT vs VOO Performance

Vanguard Government Securities Active ETF (VGVT) is a ETF from Vanguard (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year VGVT returned +2.53% while VOO returned +19.58%. Year to date, VGVT is down 0.58% versus a gain of 9.95% for VOO.

Risk: Volatility and Drawdowns

VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 3.4% for VGVT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -2.8% for VGVT and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

VGVT charges 0.10% per year while VOO charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, VGVT currently yields 3.96% against 1.09% for VOO.

Holdings Overlap

0.0%overlap

VGVT and VOO share 0 holdings out of 648 unique holdings combined, representing a 0.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Frequently Asked Questions

Which is cheaper, VGVT or VOO?

VGVT has an expense ratio of 0.10% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $7 per year of difference.

Which performed better, VGVT or VOO?

Over the past year VGVT returned +2.53% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), VGVT annualized +2.46% vs +13.35% for VOO. Past performance does not guarantee future results.

Which is riskier, VGVT or VOO?

VOO has been the more volatile fund at 14.2% annualized versus 3.4% for VGVT. Worst drawdown: VGVT -2.8% vs VOO -34.3%.

Should I hold both VGVT and VOO?

VGVT and VOO have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between VGVT and VOO?

VGVT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 648 unique securities.

Which pays a higher dividend, VGVT or VOO?

VGVT yields 3.96% while VOO yields 1.09%, so VGVT currently pays the higher dividend yield.

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