What is the expense ratio of VIG vs VO?

VIG has an expense ratio of 0.04%, while VO has an expense ratio of 0.03%.

VIG vs VO

Vanguard Dividend Appreciation Index Fund ETF Shares vs Vanguard Mid-Cap Index Fund ETF Shares

Last updated: 2026-04-10

VIG Vanguard

Vanguard Dividend Appreciation Index Fund ETF Shares (VIG) is an exchange-traded fund issued by Vanguard that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.56%. Launched in 2006, the fund has a 20-year track record.

AUM: $102.5B ER: 0.04% Yield: 1.56% Since: Apr 21, 2006

VO Vanguard

Vanguard Mid-Cap Index Fund ETF Shares (VO) is an exchange-traded fund issued by Vanguard that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.46%. Launched in 2004, the fund has a 22-year track record.

AUM: $95.7B ER: 0.03% Yield: 1.46% Since: Jan 26, 2004

Quick Verdict

Both funds have nearly identical expense ratios (0.03% vs 0.04%), so fees are not a differentiator here. VO has edged ahead over the past year (23.9% vs 22.2%).

Key Metrics

Metric	VIG	VO
Expense Ratio	0.04%	0.03%
Dividend Yield	1.6%	1.5%
Fund Family	Vanguard	Vanguard
Category	US Dividend	US Mid Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

VIG +46.7%

VO +30.3%

Performance Comparison

Period	VIG	VO	Difference
1 Month	+0.41%	+0.90%	-0.49%
3 Months	-1.65%	-0.77%	-0.88%
6 Months	+3.01%	+2.51%	+0.50%
YTD	+0.59%	+1.45%	-0.86%
1 Year	+22.20%	+23.90%	-1.70%
3 Years	+43.12%	+41.25%	+1.87%
5 Years	+46.75%	+30.25%	+16.50%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	VIG Fees	VO Fees	You Save
$10,000	10 years	$80	$60	$20
$10,000	20 years	$344	$258	$86
$10,000	30 years	$1,112	$835	$277
$50,000	10 years	$399	$299	$100
$50,000	30 years	$5,560	$4,176	$1,385
$100,000	30 years	$11,121	$8,352	$2,769

Risk Metrics

Based on 5 years of daily returns

Metric	VIG	VO
Annualized Volatility	14.3%	17.7%
Max Drawdown	-21.5%	-28.6%
Sharpe Ratio	0.30	0.13

Dividend Comparison

Metric	VIG	VO
Annual Dividend (per share)	$3.45	$4.33
Dividend Yield	1.56%	1.46%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

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

VIG Top Holdings

Name	Weight
Broadcom Inc.AVGO	5.92%
Apple Inc.AAPL	3.89%
Eli Lilly and CompanyLLY	3.70%
Microsoft CorporationMSFT	3.45%
JPMorgan Chase & Co.JPM	3.42%
Exxon Mobil CorporationXOM	2.87%
Johnson & JohnsonJNJ	2.65%
Walmart Inc.WMT	2.48%
Visa Inc.V	2.23%
Costco Wholesale CorporationCOST	1.98%

VO Top Holdings

Name	Weight
Newmont CorporationNEM	1.46%
Corning IncorporatedGLW	1.20%
Howmet Aerospace Inc.HWM	1.09%
Constellation Energy CorporationCEG	1.06%
Vertiv Holdings CoVRT	0.99%
Western Digital CorporationWDC	0.99%
Seagate Technology Holdings plcSTX	0.90%
Quanta Services, Inc.PWR	0.87%
Cummins Inc.CMI	0.83%
CRH plcCRH	0.83%

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AGG vs VIG AGG vs VO BND vs VIG BND vs VO BNDX vs VIG BNDX vs VO DGRO vs VIG DIVO vs VIG