VFIAX vs VOO: which ETF is better?
Vanguard 500 Index Fund Admiral Shares (VFIAX) and Vanguard S&P 500 ETF (VOO) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- VFIAX and VOO have very high overlap: 100% of each fund by weight sits in the same holdings.
- VOO is cheaper at 0.03% a year against 0.04% for VFIAX, about $1 less in fees per $10,000 invested each year.
- Over the last 10 years, VOO returned an average of 15.3% a year against 15.3% for VFIAX, with dividends reinvested.
- Overlap by weight
- 100.0%
- Shared holdings
- 503
| VFIAX | VOO | |
|---|---|---|
| Name | Vanguard 500 Index Fund Admiral Shares | Vanguard S&P 500 ETF |
| Issuer | Vanguard | Vanguard |
| Listed on | Nasdaq · USD | NYSE Arca · USD |
| Expense ratio | 0.04% | 0.03% |
| Assets (AUM) | $686B | $1.0T |
| Launched | Nov 13, 2000 | Sep 7, 2010 |
| Holdings | 503 | 503 |
| Dividend yield (12m) | 1.09% · quarterly | 1.10% · quarterly |
| Asset class | Large Cap Equity | Large Cap Equity |
| Annualised return | VFIAX | VOO |
|---|---|---|
| 1 year | +11.0% | +11.0% |
| 3 years | +20.6% | +20.6% |
| 5 years | +11.0% | +11.0% |
| 10 years | +15.3% | +15.3% |
| Volatility | 15.1% | 15.0% |
| Max drawdown | -33.8% | -34.0% |
Volatility is the annualised standard deviation of daily returns over 3 years. Max drawdown is the largest fall from a peak over the last 10 years, or since launch.
| Holding | VFIAX | VOO |
|---|---|---|
| NVDANVIDIA Corp | 8.39% | 8.39% |
| AAPLApple Inc | 7.38% | 7.38% |
| MSFTMicrosoft Corp | 5.78% | 5.78% |
| AMZNAmazon.com Inc | 3.71% | 3.71% |
| GOOGLAlphabet Inc | 3.07% | 3.07% |
| AVGOBroadcom Inc | 2.54% | 2.54% |
| GOOGAlphabet Inc | 2.45% | 2.45% |
| METAMeta Platforms Inc | 2.43% | 2.43% |
| MUMicron Technology Inc | 1.83% | 1.83% |
| TSLATesla Inc | 1.52% | 1.52% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("VFIAX","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VFIAX","2016-10-01",TODAY(),"dailyAdj")=SF("VOO","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VOO","2016-10-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 8, 2026. Returns are in each fund's trading currency (USD). Past performance doesn't predict future returns. For information only, not investment advice.
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VFIAX vs VOO: frequently asked questions
How much do VFIAX and VOO overlap?
100.0% by weight. They share 503 holdings, and that share of each fund is invested in exactly the same positions. That's very high, so holding both adds little diversification.
Is VFIAX or VOO cheaper?
VOO is cheaper. VFIAX's expense ratio is 0.04% a year and VOO's is 0.03%, so on $10,000 you'd pay about $4 and $3 a year.
Which has performed better, VFIAX or VOO?
Over the last 10 years, VOO has. VFIAX returned 15.3% and VOO 15.3% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, VFIAX or VOO?
VOO does. Over the last 12 months VFIAX yielded 1.09%, paid quarterly, and VOO 1.10%, paid quarterly.
Should I hold both VFIAX and VOO?
Holding both mostly doubles up on the same stocks, since 100% of each fund is in the same positions. Most investors pick one, often the cheaper one. This is general information, not advice.
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