VMVAX vs VOE (2026)
Vanguard Mid-Cap Value Index Fund Admiral Shares and Vanguard Mid-Cap Value ETF side by side. VMVAX and VOE are share classes of one fund, Vanguard Mid-Cap Value Index Fund: one portfolio, filed with the SEC as one, so the holdings, overlap and flows below are the fund's, the same for both. What differs is the fee, how each is bought (a mutual fund once a day at its closing price, an ETF on an exchange through the day) and the small gap in returns that follows. Both charge the same expense ratio (0.07%). Over the last five years VMVAX returned more (+62.15% vs +61.99%, total return). Their portfolios overlap by about 100% of weight. Not investment advice.
Fund facts#
Data provided bySource: Twelve DataReturns as of market close, Oct 30, 2026. The charts run through the Oct 30 close.
| VMVAX | VOE | |
|---|---|---|
| Focus | US Stock Index Funds | Mid Value |
| Expense ratio | 0.07% | 0.07% |
| AUM | $37.2B | $24.6B |
| Distribution yield | — | 1.83% |
| Holdings | 169 | 169 |
| 1M total | +8.0% | +8.0% |
| YTD total | +21.0% | +20.8% |
| 1Y total | +25.2% | +25.1% |
| 3Y total | +80.3% | +80.2% |
| 5Y total | +62.2% | +62.0% |
| 10Y total | — | +191% |
| 3Y total CAGR | +21.7%/yr | +21.7%/yr |
| 5Y total CAGR | +10.1%/yr | +10.1%/yr |
| 10Y total CAGR | — | +11.3%/yr |
| Issuer | Vanguard | Vanguard |
| Inception | — | 2006-08-17 |
All returns are total returns (dividends reinvested), through the latest price during the session. CAGR = compound annual growth rate. '—' means the fund's history doesn't span the horizon. A mutual fund's AUM is its whole fund's, every share class together (its SEC filing); an ETF's is its own. Returns run to Oct 30, 2026, the last month-end, as fund companies report a mutual fund's: a fund that pays monthly books each month's income on its last business day, so a return to a later day would leave that month's income out.
Annualized returns (CAGR)#
Data provided bySource: Twelve DataCompound annual growth rate per holding period, total return, from weekly adjusted closes. Horizons a fund's history can't span show no bar; horizons no fund spans are omitted.
Performance, rebased#
Data provided bySource: Twelve DataReturns by year#
Data provided bySource: Twelve Data| Year | VMVAX | VOE |
|---|---|---|
| 2017 | — | +17.1% |
| 2018 | — | -12.5% |
| 2019 | — | +27.9% |
| 2020 | +2.4% | +2.6% |
| 2021 | +28.8% | +28.8% |
| 2022 | -7.9% | -8.0% |
| 2023 | +9.7% | +9.9% |
| 2024 | +14.0% | +14.0% |
| 2025 | +12.1% | +12.1% |
| 2026 YTD | +21.0% | +20.8% |
Total returns (dividends reinvested), calendar years.
Returns by year, charted#
Holdings overlap#
VMVAX and VOE overlap by about 100% of portfolio weight — 169 shared holdings out of 169 in VMVAX and 169 in VOE, from each fund's latest SEC filing (Jun 30, 2026 / Jun 30, 2026).
Only in VMVAX
None — every VMVAX holding is also in the other fund.
Only in VOE
None — every VOE holding is also in the other fund.
Top 10 holdings, side by side#
Merged top 10 across the funds — each column is the holding's % of that fund.
Sector weights#
| Sector | VMVAX | VOE |
|---|---|---|
| Financials | 20.1% | 20.1% |
| Industrials | 12.5% | 12.5% |
| Utilities | 12.4% | 12.4% |
| Energy | 12.3% | 12.3% |
| Healthcare | 8.6% | 8.6% |
| Consumer Staples | 7.1% | 7.1% |
| Technology | 7.0% | 7.0% |
| Materials | 5.9% | 5.9% |
| Consumer Discretionary | 5.5% | 5.5% |
| Real Estate | 5.1% | 5.1% |
| Communication Services | 0.4% | 0.4% |
| Not on ChartRow | 3.2% | 3.2% |
Sector weights, charted#
Estimated portfolio characteristics#
Data provided bySource: Twelve Data| VMVAX | VOE | |
|---|---|---|
| P/E (trailing) | — | — |
| P/B | 2.4 | 2.4 |
| Dividend yield | 1.97% | 1.97% |
| Earnings growth (TTM) | +11.7% | +11.7% |
Weighted by each fund's filed holdings, over the members we track. Shown only when every fund's tracked coverage is high enough for the average to mean something.
Growth from any starting date#
Data provided bySource: Twelve DataHover to move the starting point — every fund rebases to 1× at that date, so the comparison holds from any entry point back to 2019 (the earliest date all 2 funds existed). Log scale, weekly total returns.
Fund flows#
| Period | VMVAX | VOE |
|---|---|---|
| Jun 2026 | +$20.1M | +$20.1M |
| May 2026 | −$7.8M | −$7.8M |
| Apr 2026 | +$40.8M | +$40.8M |
| Mar 2026 | — | +$112.7M |
| Feb 2026 | — | +$113.9M |
| Jan 2026 | — | −$40.5M |
Net creations minus redemptions, derived from consecutive SEC N-PORT filings. The form only exists since mid-2019.
Fund flows, charted#
Methodology#
Returns are total returns (dividends reinvested) from daily adjusted closes. Holdings, overlap, sector weights and flows derive from each fund's public SEC filings (Form N-PORT), anchored on the latest filing and rolled forward daily by price moves. Overlap is the sum of the smaller weight across shared holdings. See each fund's full holdings: VMVAX holdings · VOE holdings. Past performance does not predict future returns; not investment advice.
FAQ#
- VMVAX or VOE — which is better?
- Both charge the same expense ratio (0.07%). Over the last five years VMVAX returned more (+62.15% vs +61.99%, total return). Their portfolios overlap by about 100% of weight. One Vanguard portfolio in two wrappers — VMVAX, the Admiral mutual fund shares priced once a day after the close, and VOE, the ETF traded all day.
- How much do VMVAX and VOE overlap?
- VMVAX and VOE overlap by about 100% of portfolio weight, sharing 169 holdings (per each fund's latest SEC N-PORT filing, weights rolled forward to today).
- Is ChartRow affiliated with any of these funds?
- No. ChartRow is independent and not affiliated with, sponsored by, or endorsed by Vanguard. Comparisons are derived independently from public SEC filings and market data; not investment advice.