At a glance
VTI charges 0.03% a year, below the 0.06% average of the 8 funds most like it (the 2nd cheapest of 9). It has $2.30T in assets, the largest of that group; it paid 1.06% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +12.5% with distributions reinvested (S&P 500: +11.5%), 3rd of those 9 funds; over three years it returned +23.4% a year. At its worst it fell 25.4% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 14 months after the low. Its ten largest positions make up 32.0% of the fund, out of 3,531 in all.
The short version
Vanguard Total Stock Market ETF (VTI) tracks the CRSP US Total Market Index, owning more than 3,500 US stocks of every size, from NVIDIA and Apple to tiny micro-cap companies. Its 0.03% annual fee, or expense ratio, matches ITOT and VOO and is below the 0.06% average for similar funds. Unlike S&P 500 funds, it adds smaller companies, though its 10 largest holdings still made up about 32% of assets as of June 30, 2026.
Price history
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VTI +12.5% over the year to Oct 30, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| VTI official prospectus, to Dec 31, 2025 | — | +17.14% | — | +13.08% | +14.25% | — |
| VTI price data to Oct 30, 2026 | +11.8% | +12.5% | +23.4% | +11.0% | — | +16.2% |
- Over the year to Oct 30, 2026, VTI returned +12.5%, 3rd of 9 among similar funds.
- Its 5-year annualized return was +11.0%.
- Its worst full calendar year was 2022 (-19.5%); its best was 2023 (+26.1%).
- The deepest fall in its price history was 25.4% (Jan 3, 2022 to Oct 12, 2022), recovered by Dec 18, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +11.8% | — |
| 2025 | +17.1% | +17.14% |
| 2024 | +23.8% | +23.75% |
| 2023 | +26.1% | +26.03% |
| 2022 | -19.5% | -19.50% |
| 2021 | +25.7% | +25.72% |
| 2020 | — | +20.95% |
| 2019 | — | +30.80% |
| 2018 | — | -5.13% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Not in the price data, which starts Jun 2, 2020 |
|---|---|
| 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 25.4% over that stretch · deepest drop along the way 25.4%, back to its old high 14.2 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $3.0000 | |
| 2025 | $3.7600 | +2.5% |
| 2024 | $3.6700 | +7.3% |
| 2023 | $3.4200 | +7.2% |
| 2022 | $3.1900 | +8.9% |
| 2021 | $2.9300 |
Living on VTI: its income record, cuts, and how much a $1,000 monthly income takes →
What's inside
As of Jun 30, 2026, the fund held 3,531 securities; the ten largest made up 32.03% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 6.36% | |
| Apple Inc | 5.87% | |
| Microsoft Corp | 3.83% | |
| Amazon.com Inc | 3.19% | |
| Alphabet Inc Class A | 2.90% | |
| Broadcom Inc | 2.47% | |
| Alphabet Inc Class C | 2.28% | |
| Micron Technology Inc | 1.80% | |
| Meta Platforms Inc | 1.71% | |
| Tesla Inc | 1.64% | |
| Eli Lilly & Co | 1.40% | |
| Advanced Micro Devices Inc | 1.31% | |
| Berkshire Hathaway Inc | 1.24% | |
| JPMorgan Chase & Co | 1.12% | |
| Johnson & Johnson | 0.84% |
By country
United States 99.78%Denmark 0%By asset type
Stocks 99.78%Preferred stock 0%By sector
Sectors of the companies held, for the 80.8% 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 Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $437.3M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +10.35%, +5.16%, -0.33%.
How it works
VTI is the exchange-traded share class of Vanguard Total Stock Market Index Fund, which had about $2.3 trillion in net assets across all share classes as of June 30, 2026. It seeks to track the CRSP US Total Market Index, which its provider says represents 100% of the investable US stock market: large-, mid-, small- and micro-cap stocks regularly traded on the New York Stock Exchange and Nasdaq.
Rather than owning every index stock, the fund uses sampling. It holds a range of stocks that together approximate the index's key risk factors and other characteristics, so its return can differ slightly from the index's. The largest companies carry the most weight: as of June 30, 2026, NVIDIA was 6.4% of the fund, Apple 5.9% and Microsoft 3.8%. Portfolio turnover, the share of holdings replaced in a year, was just 3%.
Because the fund follows its index, it can drift toward concentration. The prospectus warns that a rebalance or market moves could make it nondiversified under federal law, meaning a few stocks could sway results, or concentrated in one industry. Information technology was already a significant part of the index at the latest fiscal year end. Investors trade VTI on NYSE Arca at market prices, which can differ slightly from the value of its holdings.
What it really costs
- VTI charges 0.03% a year, versus an average of 0.06% for the similar funds below (2nd of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $3 in the first year and $39 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| VTI | $3 | $10 | $17 | $39 |
In a retirement portfolio
It tracks the CRSP US Total Market Index and held 3,531 US stocks of all sizes as of June 30, 2026, led by NVIDIA, Apple and Microsoft, so it can serve as a portfolio's main US stock position.
VTI lost 20.89% in the first quarter of 2020, during the COVID crash, its worst quarter in the prospectus. The figures here start too late to show the 2008 financial crisis. Its worst calendar year was 2022, down 19.5%. Its deepest drop since mid-2020 came in the 2022 bear market: 25.4% from January 3 to October 12. It regained that peak on December 18, 2023, about 14 months after the low. Selling shares for income then meant selling low.
Income is modest: payouts over the 12 months to October 27, 2026, came to 1.05% of the share price, paid quarterly. The expense ratio, the yearly fee, is 0.03%, versus a 0.07% average for similar funds. In the SEC's standard $10,000 example, that is $3 in year one and $39 over 10 years. Past results don't predict the future, and a plan should weigh the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting one low-cost core US stock holding: 0.03% a year, or about $39 over 10 years on $10,000 in the SEC's standard example.
- Long-term savers who can ride out stock-market swings; the fund returned 14.25% a year on average over the 10 years to December 31, 2025.
- Investors wanting broader reach than S&P 500 funds: VTI adds mid-, small- and micro-caps, totaling more than 3,500 stocks as of June 30, 2026.
Look elsewhere if
- Retirees who want to live on dividends alone: the trailing yield was a modest 1.06% as of October 30, 2026, paid quarterly.
- Investors uncomfortable with deep drops: VTI lost 19.5% in 2022, fell 25.4% from January to October that year, then needed about 14 months to recover.
- Investors wanting international stocks or less big-tech weight: holdings were 99.8% US, with NVIDIA, Apple and Microsoft about 16%, as of June 30, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| VTI this fund | — | 0.03% | $2.30T | +12.5% | +23.4% |
| ITOT iShares Core S&P Total U.S. Stock Market ETF | 91% | 0.03% | $94.14B | +11.4% | +21.8% |
| IWV iShares Russell 3000 ETF | 90% | 0.2% | $19.47B | +11.3% | +21.5% |
| USPX Franklin U.S. Equity Index ETF | 88% | 0.03% | $1.98B | +12.9% | +24.9% |
| SPY SPDR S&P 500 ETF Trust | 87% | 0.0945% | $781.19B | +11.5% | +21.9% |
| IVV iShares Core S&P 500 ETF | 87% | 0.03% | $888.13B | +11.5% | +22.0% |
| VOO Vanguard S&P 500 ETF | 87% | 0.03% | $1.67T | +12.4% | +23.6% |
| VV Vanguard Large Cap ETF | 87% | 0.04% | $73.83B | +12.0% | +23.8% |
Compared head to head: VOO vs VTI · VT vs VTI · SCHB vs VTI · all comparisons →
Questions investors ask
Does VTI pay dividends?
Yes, VTI pays dividends quarterly. Over the 12 months to October 30, 2026, it paid about $3.95 per share, for a trailing yield of 1.06%. Trailing yield means the past year's dividends divided by the share price. That is modest income, so retirees drawing a regular income from VTI typically need to trim shares as well as collect dividends. Payouts can rise or fall from year to year, since they depend on what the underlying companies pay.
What's the difference between VTI and ITOT?
Very little. Both track the whole US stock market: VTI follows the CRSP US Total Market Index, while iShares' ITOT follows an S&P total-market index. Their holdings overlapped about 91% in the latest SEC filings, and both charge 0.03% a year. Through October 30, 2026, market-price returns were 12.5% for VTI and 12.4% for ITOT over one year, and 23.4% a year for both over three years. VTI is much bigger: about $2.3 trillion across all share classes, versus ITOT's $94 billion, as of June 30, 2026.
Is VTI more diversified than VOO?
Yes, somewhat. VOO, also from Vanguard and also 0.03% a year, tracks the S&P 500, which covers large US companies. VTI adds mid-, small- and micro-cap stocks, for more than 3,500 holdings as of June 30, 2026. Still, their holdings overlapped about 87%, because the largest companies dominate both. Results have been close: through October 30, 2026, VTI returned 23.4% a year over three years based on market prices, versus 23.6% for VOO.
How much did VTI drop in 2022?
VTI lost 19.5% in calendar 2022, according to its prospectus. Measured from its January 3, 2022 peak to its October 12, 2022 low, the decline based on market prices was 25.4%, and the fund did not regain that peak until December 18, 2023, about 14 months after the low. The worst quarter shown in the prospectus was a 20.89% loss in the quarter ended March 31, 2020. As a nearly all-stock fund, it has no bonds to cushion such falls.
Is VTI good for retirement?
It can serve as the stock portion of a retirement portfolio, though it is not a complete portfolio. Costs are low: in the SEC's standard example, $10,000 earning 5% a year would incur about $39 in expenses over 10 years. The fund returned 14.25% a year on average over the 10 years to December 31, 2025. But it holds almost nothing except US stocks, yields a modest 1.06% as of October 30, 2026, and lost 19.5% in 2022, so it is often paired with bonds or cash.