ETF Versus

VOE vs VOT

Vanguard Mid-Cap Value Index Fund ETF Shares vs Vanguard Mid-Cap Growth Index Fund ETF Shares

Last updated: 2026-04-02

VOE

Vanguard Mid-Cap Value Index Fund ETF Shares (VOE) is an exchange-traded fund that provides exposure to us mid cap value securities. It charges a very low expense ratio of 0.05%. The fund offers a moderate dividend yield of 1.99%. Launched in 2006, the fund has a 20-year track record.

AUM: $20.9B ER: 0.05% Yield: 1.99% Since: Aug 17, 2006
VOT

Vanguard Mid-Cap Growth Index Fund ETF Shares (VOT) is an exchange-traded fund that provides exposure to us mid cap growth securities. It charges a very low expense ratio of 0.05%. The fund offers a modest dividend yield of 0.71%. Launched in 2006, the fund has a 20-year track record.

AUM: $16.2B ER: 0.05% Yield: 0.71% Since: Aug 17, 2006

Quick Verdict

Over the past year, VOE has significantly outperformed with a 14.9% return vs 5.8%. Income investors may prefer VOE for its higher yield (2.0% vs 0.7%).

Key Metrics

Metric VOE VOT
Expense Ratio 0.05% 0.05%
Dividend Yield 2.0% 0.7%
Fund Family N/A N/A
Category US Mid Cap Value US Mid Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

75 89 103 117 131 145 2021-04 2022-06 2023-09 2024-12 2026-04
VOE +34.6%
VOT +18.6%

Performance Comparison

Period VOE VOT Difference
1 Month -4.98% -6.33% +1.35%
3 Months +3.15% -7.37% +10.52%
6 Months +5.36% -11.96% +17.32%
YTD +3.15% -7.37% +10.52%
1 Year +14.95% +5.82% +9.13%
3 Years +37.89% +33.93% +3.96%
5 Years +34.56% +18.64% +15.92%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period VOE Fees VOT Fees You Save
$10.000 10 years $100 $100 $0
$10.000 20 years $430 $430 $0
$10.000 30 years $1.388 $1.388 $0
$50.000 10 years $499 $499 $0
$50.000 30 years $6.941 $6.941 $0
$100.000 30 years $13.882 $13.882 $0

Risk Metrics

Based on 5 years of daily returns

Metric VOE VOT
Annualized Volatility 16.2% 21.3%
Max Drawdown -20.5% -37.6%
Sharpe Ratio 0.17 0.06

Dividend Comparison

Metric VOE VOT
Annual Dividend (per share) $3.67 $1.85
Dividend Yield 1.99% 0.71%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

VOE Top Holdings

NameWeight
Newmont CorporationNEM2.43%
Corning IncorporatedGLW1.99%
Western Digital CorporationWDC1.64%
Cummins Inc.CMI1.38%
CRH plcCRH1.38%
SLB N.V.SLB1.31%
General Motors CompanyGM1.26%
Cencora, Inc.COR1.17%
L3Harris Technologies, Inc.LHX1.17%
TE Connectivity plcTEL1.16%

VOT Top Holdings

NameWeight
Howmet Aerospace Inc.HWM2.76%
Constellation Energy CorporationCEG2.70%
Vertiv Holdings CoVRT2.55%
Seagate Technology Holdings plcSTX2.28%
Quanta Services, Inc.PWR2.20%
Motorola Solutions, Inc.MSI2.10%
Royal Caribbean Cruises Ltd.RCL2.00%
TransDigm Group IncorporatedTDG1.92%
Ross Stores, Inc.ROST1.75%
Realty Income CorporationO1.61%

Which One Should You Choose?

Choose VOE if...

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

Choose VOE if...

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