ETF Versus

VIG vs VOO

Vanguard Dividend Appreciation Index Fund ETF Shares vs Vanguard S&P 500 ETF

Last updated: 2026-04-02

VIG Vanguard

Vanguard Dividend Appreciation Index Fund ETF Shares (VIG) is an exchange-traded fund issued by Vanguard that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.60%. Launched in 2006, the fund has a 20-year track record.

AUM: $97.2B ER: 0.04% Yield: 1.60% Since: Apr 21, 2006
VOO Vanguard

Vanguard S&P 500 ETF (VOO) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.18%. Launched in 2010, the fund has a 16-year track record.

AUM: $792.0B ER: 0.03% Yield: 1.18% Since: Sep 7, 2010

Quick Verdict

Both funds have nearly identical expense ratios (0.03% vs 0.04%), so fees are not a differentiator here. Over the past year, VOO has significantly outperformed with a 16.8% return vs 11.4%.

Key Metrics

Metric VIG VOO
Expense Ratio 0.04% 0.03%
Dividend Yield 1.6% 1.2%
Fund Family Vanguard Vanguard
Category US Dividend US Large Cap Blend

Performance Chart

Indexed to 100 at start (5-year comparison)

85 103 121 139 157 175 2021-04 2022-06 2023-09 2024-12 2026-04
VIG +43.7%
VOO +61.3%

Performance Comparison

Period VIG VOO Difference
1 Month -5.05% -4.59% -0.46%
3 Months -2.23% -4.14% +1.91%
6 Months -0.97% -2.11% +1.14%
YTD -2.23% -4.14% +1.91%
1 Year +11.38% +16.77% -5.39%
3 Years +39.10% +59.52% -20.42%
5 Years +43.71% +61.27% -17.56%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period VIG Fees VOO Fees You Save
$10.000 10 years $80 $60 $20
$10.000 20 years $344 $258 $86
$10.000 30 years $1.112 $835 $277
$50.000 10 years $399 $299 $100
$50.000 30 years $5.560 $4.176 $1.385
$100.000 30 years $11.121 $8.352 $2.769

Risk Metrics

Based on 5 years of daily returns

Metric VIG VOO
Annualized Volatility 14.3% 16.8%
Max Drawdown -21.5% -25.4%
Sharpe Ratio 0.27 0.39

Dividend Comparison

Metric VIG VOO
Annual Dividend (per share) $3.45 $7.13
Dividend Yield 1.60% 1.18%
Distribution Frequency Quarterly Quarterly

Top Holdings

3 of top 9 holdings overlap (33% overlap in top holdings)

VIG Top Holdings

NameWeight
Broadcom Inc.AVGO5.92%
Apple Inc.AAPL3.89%
Eli Lilly and CompanyLLY3.70%
Microsoft CorporationMSFT3.45%
JPMorgan Chase & Co.JPM3.42%
Exxon Mobil CorporationXOM2.87%
Johnson & JohnsonJNJ2.65%
Walmart Inc.WMT2.48%
Visa Inc.V2.23%
Costco Wholesale CorporationCOST1.98%

VOO Top Holdings

NameWeight
NVIDIA CorporationNVDA7.31%
Apple Inc.AAPL6.63%
Microsoft CorporationMSFT4.96%
Amazon.com, Inc.AMZN3.47%
Broadcom Inc.AVGO2.56%
Alphabet Inc.GOOG2.46%
Meta Platforms, Inc.META2.40%
Tesla, Inc.TSLA1.92%
Berkshire Hathaway Inc.BRK.B1.57%

Which One Should You Choose?

Choose VOO if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose VIG if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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