At a glance
VOOV charges 0.07% a year, below the 0.08% average of the 8 funds most like it (the 6th cheapest of 9). It has $7.00B in assets, the 7th largest of that group; it paid 1.62% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +15.0% with distributions reinvested (S&P 500: +11.5%), 8th of those 9 funds; over three years it returned +19.7% a year. At its worst it fell 18.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 4 months after the low. Its ten largest positions make up 23.4% of the fund, out of 438 in all.
The short version
Vanguard S&P 500 Value ETF (VOOV) is an index fund that tracks the S&P 500 Value Index. That index holds the value companies within the S&P 500, and the fund held 438 of them as of August 31, 2026. Its expense ratio is 0.07% a year, which is low, though SPDR's SPYV tracks the same index for 0.04%. It paid a modest 1.62% trailing yield, in quarterly dividends, as of October 27, 2026.
Price history
The interactive chart needs JavaScript.
VOOV +15.0% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| VOOV official prospectus, to Dec 31, 2024 | — | +12.19% | — | +10.38% | +9.88% | — |
| VOOV price data to Oct 27, 2026 | +14.2% | +15.0% | +19.7% | +11.8% | — | +15.0% |
- Over the year to Oct 27, 2026, VOOV returned +15.0%, 8th of 9 among similar funds.
- Its 5-year annualized return was +11.8%.
- Its worst full calendar year was 2022 (-5.4%); its best was 2021 (+24.9%).
- The deepest fall in its price history was 18.1% (Apr 20, 2022 to Sep 30, 2022), recovered by Feb 1, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +14.2% | — |
| 2025 | +13.1% | — |
| 2024 | +12.2% | +12.19% |
| 2023 | +22.2% | +22.11% |
| 2022 | -5.4% | -5.35% |
| 2021 | +24.9% | +24.75% |
| 2020 | — | +1.26% |
| 2019 | — | +31.82% |
| 2018 | — | -9.08% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Jun 2, 2020 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 16.3% over that stretch · deepest drop along the way 18.1%, back to its old high 4.1 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $2.8000 | |
| 2025 | $3.6100 | -7.0% |
| 2024 | $3.8800 | +36.6% |
| 2023 | $2.8400 | -7.5% |
| 2022 | $3.0700 | +8.1% |
| 2021 | $2.8400 |
What's inside
As of Aug 31, 2026, the fund held 438 securities; the ten largest made up 23.42% of assets.
| Holding | Weight | |
|---|---|---|
| Apple Inc | 7.72% | |
| Amazon.com Inc | 3.97% | |
| ExxonMobil Holdings Corp | 2.21% | |
| Walmart Inc | 1.53% | |
| Intel Corp | 1.47% | |
| Costco Wholesale Corp | 1.39% | |
| Bank of America Corp | 1.34% | |
| Tesla Inc | 1.31% | |
| Chevron Corp | 1.28% | |
| Merck & Co Inc | 1.21% | |
| UnitedHealth Group Inc | 1.17% | |
| Procter & Gamble Co | 1.12% | |
| Home Depot Inc | 1.08% | |
| JPMorgan Chase & Co | 1.01% | |
| Visa Inc | 0.94% |
By country
United States 99.8%By asset type
Stocks 99.8%By sector
Sectors of the companies held, for the 84% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $75.2M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.04%, +2.00%, +2.08%.
How it works
VOOV is the exchange-traded share class of Vanguard S&P 500 Value Index Fund. It tracks the S&P 500 Value Index, which picks out the value companies of the S&P 500. The index provider, not Vanguard, decides which companies count. "Value" stocks are generally those priced low compared with measures such as earnings, sales or assets. The fund doesn't pick stocks itself. It tries to own all, or nearly all, of the index's stocks in roughly the same proportions, and it must keep at least 80% of net assets in them.
When the index changes its members or weights, the fund follows. Portfolio turnover was 32%, according to the prospectus. Because the fund copies the index's weights, a few stocks can grow large. As of August 31, 2026, Apple (7.7%) and Amazon (4.0%) led the list, and the top 10 holdings made up 23.4% of assets. The prospectus warns that the fund could become "nondiversified" or concentrated in one industry if the index does.
Holdings were 99.8% US stocks, plus 0.09% cash and a few small S&P 500 futures and swap positions. ETF shares trade on NYSE Arca at market prices, which can differ slightly from the value of the holdings. Only large firms called authorized participants can create or redeem shares directly with the fund.
What it really costs
- VOOV charges 0.07% a year, versus an average of 0.08% for the similar funds below (6th of 9, cheapest first).
- Of that, 0.06% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $7 in the first year and $90 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| VOOV | $7 | $23 | $40 | $90 |
In a retirement portfolio
It owns 438 large US value companies for 0.07% a year, so it can anchor the stock portion of a portfolio with a tilt toward value.
VOOV offers broad exposure to large US companies, tilted toward value. It launched in September 2010, so it has no record from the 2008 crisis. The prospectus shows a worst quarter of -25.37% in early 2020 and calendar-year losses of 9.08% in 2018 and 5.35% in 2022. In the 2022 bear market, its price fell 18.1% from April 20 to September 30, 2022. It got back to its earlier high by February 1, 2023, about four months later. Anyone who sold shares near that low to cover spending would have locked in the loss. The fund paid a 1.62% trailing yield, in quarterly dividends, as of October 27, 2026, which is modest income. It costs 0.07% a year. Past results don't predict future ones, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want the value companies of the S&P 500, 438 stocks as of August 31, 2026, in one index fund costing 0.07% a year.
- Investors who prefer to keep holdings with Vanguard and accept a fee 0.03 points higher than SPYV or IUSV, which charge 0.04%.
- Retirees who want modest quarterly dividends (1.62% trailing yield as of October 27, 2026) from companies such as ExxonMobil, Chevron and Merck.
Look elsewhere if
- Cost-focused investors: SPDR's SPYV tracks the same S&P 500 Value Index for 0.04% a year, compared with VOOV's 0.07%.
- Investors seeking high income: a 1.62% trailing yield as of October 27, 2026, is modest for living on dividends alone.
- Investors who can't tolerate sharp drops: the fund lost 25.37% in the first quarter of 2020, and its price fell 18.1% in 2022.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| VOOV this fund | — | 0.07% | $7.00B | +15.0% | +19.7% |
| SPYV SPDR Portfolio S&P 500 Value ETF | 92% | 0.04% | $35.30B | +16.8% | +17.8% |
| IVE iShares S&P 500 Value ETF | 92% | 0.18% | $47.74B | +16.7% | +17.7% |
| IUSV iShares Core S&P U.S. Value ETF | 89% | 0.04% | $26.46B | +16.8% | +17.8% |
| VONV Vanguard Russell 1000 Value ETF | 70% | 0.07% | $23.88B | +29.0% | +23.6% |
| IWD iShares Russell 1000 Value ETF | 68% | 0.19% | $79.74B | +28.8% | +22.2% |
| ILCV iShares Morningstar Value ETF | 68% | 0.04% | $1.32B | +20.5% | +23.4% |
| SCHV Schwab U.S. Large-Cap Value ETF | 66% | 0.04% | $15.67B | +22.4% | +20.3% |
Questions investors ask
Is VOOV good for retirement?
It can serve as a core stock holding, but it holds only stocks, so it carries full stock-market risk. VOOV owns 438 large US value companies for 0.07% a year. It paid a 1.62% trailing yield, in quarterly dividends, as of October 27, 2026. According to the prospectus, its worst quarter was a 25.37% drop in early 2020. For retirees who may need to sell in a bad year, how it fits alongside bonds or cash matters more than the fund alone.
What's the difference between VOOV and SPYV?
Mainly cost and size. Both track the S&P 500 Value Index, and their holdings overlapped about 92% in the latest N-PORT reports. SPDR Portfolio S&P 500 Value ETF (SPYV) charges 0.04% a year, compared with VOOV's 0.07%. SPYV is also much larger, with about $35.3 billion in net assets as of June 30, 2026. VOOV had $7.0 billion across all of the fund's share classes as of August 31, 2026.
Does VOOV pay dividends?
Yes, every quarter. In the 12 months to October 27, 2026, VOOV paid $3.75 per share, a trailing yield of 1.62%. The dividends come from the companies it holds, such as ExxonMobil, Chevron, Merck and Bank of America, so the amount can change from quarter to quarter. A 1.62% yield is modest. The fund's main purpose is to own large value companies, not to produce high income.
What is VOOV's expense ratio?
VOOV's expense ratio is 0.07% a year, which includes a 0.06% management fee, according to the prospectus filed December 19, 2025. The SEC's standard example assumes $10,000 invested with a 5% annual return. On that basis, costs come to about $7 after one year, $40 after five years and $90 after ten. Similar funds averaged 0.08%. SPYV and IUSV charge 0.04%, while iShares' IVE charges 0.18%.
Why does VOOV hold Apple and Amazon if it's a value fund?
Because the index provider decides which S&P 500 companies count as value, and the fund copies the index. As of August 31, 2026, Apple was the largest holding at 7.7% and Amazon was second at 4.0%. ExxonMobil, Walmart and Intel came next. The top 10 made up 23.4% of assets, and technology was the largest sector at 17.5%. These weights can shift when the index rebalances.