EasyCompare

Relative Intelligence · US Large-Cap Equity

How Vanguard Morningstar Large-Cap ETF (VV) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on VV alone. It places VV (Vanguard Morningstar Large-Cap ETF) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where VV stands in the market, and of the alternatives worth a closer look.

Period covered: VV's full trading record, from January 2004 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against VV →Chart VV vs. 25 alternatives →
On this page12 sections

Key findings

How much would $10,000 in VV have grown?

This chart tracks a hypothetical $10,000 investment in VV over the past 22 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of VV over the same span and VV's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: VV began trading on January 30, 2004, so the chart cannot reach back to the dot-com bust. It covers the most recent 22 years of VV's record, starting at the end of September 2004.

Choose a period

From the end of September 2004 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 427 of the 1,487 stocks and funds worth at least $500 million that traded the whole period ended ahead of VV; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$100,000$1M$10M200420082012201620202024$10,000$100,000$1M$10M2004201020162022
  • NVDA$21M+207,115% total · +41.5% a year
  • QQQ$249,744+2,397% total · +15.8% a year
  • RY$189,945+1,799% total · +14.3% a year
  • VUG$143,718+1,337% total · +12.9% a year
  • WM$132,845+1,228% total · +12.5% a year
  • VV$107,334+973% total · +11.4% a year
  • OEF$106,460+965% total · +11.4% a year
  • SPY (S&P 500)$102,174+922% total · +11.1% a year
  • DIA$81,781+718% total · +10.0% a year
  • VTV$76,410+664% total · +9.7% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 936 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of VV; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$5,000$10,000$15,000$20,000$25,000202120222023202420252026$5,000$10,000$15,000$20,000$25,000202120222023202420252026
  • VLUE$22,395+124% total · +17.5% a year
  • QQQ$21,295+113% total · +16.3% a year
  • DYNF$21,051+111% total · +16.1% a year
  • OEF$20,494+105% total · +15.4% a year
  • MGC$19,755+97.5% total · +14.6% a year
  • JQUA$19,289+92.9% total · +14.0% a year
  • FNDX$19,177+91.8% total · +13.9% a year
  • VUG$19,143+91.4% total · +13.9% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • VV$18,747+87.5% total · +13.4% a year
Change the dates or add tickers to this chart in EasyCompare

VV at a glance

This section summarizes the key facts about the fund, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: VV began trading on January 30, 2004, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust.

The fund

Issuer
Vanguard
Began trading
January 2004
Expense ratio
0.03%per year
Assets
$76B
Category
Broad Market

Returns

Past 1 year
+15.4%total return
Past 3 years
+90.6%+24.0% a year
Past 5 years
+78.8%+12.3% a year
Past 10 years
+324%+15.5% a year
Best calendar year
+32.7%2013
Worst calendar year
−36.7%2008
Losing years
3 of 21full calendar years

Risk

Volatility
17.3%typical yearly swing, 5 years
Sharpe ratio
0.76return per unit of risk, 5 years
Worst decline ever
−54.8%Oct 2007 to Mar 2009
From its all-time high
−1.5%below the peak

VV against the whole market

Where VV ranks among every stock and fund, and what across the market has done better.

How does VV rank among all ETFs?

This section ranks VV on return, volatility, risk-adjusted return and worst decline against every ETF worth at least $100 million with enough history. Where the comparisons with its popular alternatives show how VV stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed ETFs with at least $100M in assets that have enough history for each measure, so the count changes from row to row; smaller ETFs and leveraged funds are left out. Lower volatility and smaller declines rank higher.

MeasureVVRankStanding
1-year return+15.4%769 of 2,485top 31%
3-year return+90.6%328 of 1,949top 17%
5-year return+78.8%269 of 1,560top 17%
10-year return+324%73 of 958top 8%
Volatility, 5 years17.3%885 of 1,560bottom 44%
Sharpe ratio, 5 years0.76410 of 1,560top 26%
Worst decline, past 10 years−34.3%312 of 951top 33%

What has beaten VV on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). VV sits where the dashed lines cross. Anything in the green box above and to the left earned more than VV with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to VV; faint dots are 12 more of the 21 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

10.0%12.0%14.0%16.0%18.0%20.0%22.0%24.0%26.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than VVPVAL: +16.1% a year, volatility 15.1%VSLU: +13.7% a year, volatility 16.2%FNDF: +13.6% a year, volatility 16.3%FDL: +13.9% a year, volatility 14.4%EMLP: +14.9% a year, volatility 14.5%GCOW: +14.1% a year, volatility 13.6%RWL: +13.7% a year, volatility 14.4%FLQL: +13.8% a year, volatility 16.3%PWV: +13.5% a year, volatility 14.2%EQL: +13.5% a year, volatility 14.5%DGT: +13.8% a year, volatility 15.1%IDOG: +14.1% a year, volatility 15.6%VV: +12.3% a year, volatility 17.3%VTI (S&P 500): +11.5% a year, volatility 17.5%FNDX: +13.5% a year, volatility 14.9%OEF: +14.3% a year, volatility 17.8%VLUE: +15.9% a year, volatility 18.4%QQQ: +14.5% a year, volatility 23.0%JQUA: +13.6% a year, volatility 15.7%MGV: +12.6% a year, volatility 13.4%RY: +17.3% a year, volatility 18.2%DFIV: +14.8% a year, volatility 16.4%DIVB: +13.9% a year, volatility 15.4%DIVI: +13.4% a year, volatility 15.5%CAH: +42.1% a year, volatility 24.7%GLD: +17.7% a year, volatility 18.9%FJUL: +11.5% a year, volatility 10.9%WM: +9.3% a year, volatility 19.2%LVHI: +17.0% a year, volatility 11.1%VVVTI (S&P 500)FNDXOEFVLUEQQQJQUAMGVRYCAHGLDFJULWMLVHI10.0%15.0%20.0%25.0%30.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than VVPVAL: +16.1% a year, volatility 15.1%VSLU: +13.7% a year, volatility 16.2%FNDF: +13.6% a year, volatility 16.3%FDL: +13.9% a year, volatility 14.4%EMLP: +14.9% a year, volatility 14.5%GCOW: +14.1% a year, volatility 13.6%RWL: +13.7% a year, volatility 14.4%FLQL: +13.8% a year, volatility 16.3%PWV: +13.5% a year, volatility 14.2%EQL: +13.5% a year, volatility 14.5%DGT: +13.8% a year, volatility 15.1%IDOG: +14.1% a year, volatility 15.6%VV: +12.3% a year, volatility 17.3%VTI (S&P 500): +11.5% a year, volatility 17.5%FNDX: +13.5% a year, volatility 14.9%OEF: +14.3% a year, volatility 17.8%VLUE: +15.9% a year, volatility 18.4%QQQ: +14.5% a year, volatility 23.0%JQUA: +13.6% a year, volatility 15.7%MGV: +12.6% a year, volatility 13.4%RY: +17.3% a year, volatility 18.2%DFIV: +14.8% a year, volatility 16.4%DIVB: +13.9% a year, volatility 15.4%DIVI: +13.4% a year, volatility 15.5%CAH: +42.1% a year, volatility 24.7%GLD: +17.7% a year, volatility 18.9%FJUL: +11.5% a year, volatility 10.9%WM: +9.3% a year, volatility 19.2%LVHI: +17.0% a year, volatility 11.1%VVVTI (S&P 500)FNDXVLUEQQQJQUAMGVRYCAHLVHI
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than VV?

Investments that beat VV over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat VV over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes, and, for funds, the same exposure at a lower expense ratio. It checks VV's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than VV follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than VV's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× VV's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than VV's.

Screen the whole market against VV for any period in BetterThanSPYOpen these 15 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with VV?lower diversifies moreExpenseper year
VVVanguard Morningstar Large-Cap ETF · this page
+12.3%17.3%0.76−34.3%+324%1.000.03%
VTIVanguard Morningstar Total Stock Market ETF · S&P 500
+11.5%17.5%0.71−35.0%+302%1.000.03%
Popular alternativesbest 2 shownThe investments people most often weigh against VV. 4 of 25 passed at least one test.
FNDXSchwab Fundamental U.S. Large Company ETF · US Large-Cap Value
Higher return, lower volatility+13.5%14.9%0.93−37.7%+291%0.910.25%
OEFiShares S&P 100 ETF · US Large-Cap Equity
Higher return in most periods+14.3%17.8%0.84−31.4%+367%0.980.20%
Same and neighboring categories, and shared themesbest 4 shownEverything else in US Large-Cap Equity and the categories next to it (US Total Market, US Large-Cap Value, US Large-Cap Growth, US Quality Equity), plus VV's specific themes. 8 of 44 passed at least one test.
VLUEiShares MSCI USA Value Factor ETF · US Large-Cap Value
Higher return, similar volatilityHigher return in most periods+15.9%18.4%0.90−39.5%+286%0.820.15%
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Higher return in most periods+14.5%23.0%0.71−35.1%+553%0.920.18%
JQUAJPMorgan U.S. Quality Factor ETF · US Quality Equity
Higher return, lower volatility+13.6%15.7%0.89−32.9%—0.960.12%
MGVVanguard Morningstar Mega Cap Value ETF · US Large-Cap Value
Similar return, lower volatility+12.6%13.4%0.95−35.4%+244%0.820.05%
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 105 of 3,564 passed at least one test.
RYRoyal Bank of Canada · Banks
On the frontierHigher return, similar volatilityHigher return in most periods+17.3%18.2%0.97−40.0%+352%0.58—
DFIVDimensional - International Value ETF · International Equity
Higher return, lower volatilityHigher Sharpe, smaller worst decline+14.8%16.4%0.93−25.4%—0.640.27%
DIVBiShares Core Dividend ETF · Dividend & Income
Higher return, lower volatilityHigher return in most periods+13.9%15.4%0.93−36.9%—0.850.05%
DIVIFranklin International Core Dividend Tilt Index ETF · International
Higher return, lower volatilityHigher Sharpe, smaller worst decline+13.4%15.5%0.89−27.7%+184%0.720.09%
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return in most periods+42.1%24.7%1.55−46.1%+349%0.29—
GLDSPDR Gold Shares · Gold
Higher return, similar volatilityHigher Sharpe, smaller worst decline+17.7%18.9%0.96−26.4%+213%0.150.40%
FJULFT Vest U.S. Equity Buffer ETF - July · Multi-Asset
On the frontierSimilar return, lower volatilityHigher Sharpe, smaller worst decline+11.5%10.9%1.06−13.1%—0.980.85%
WMWaste Management, Inc. · Environmental Services
Smaller losses in recent crashes+9.3%19.2%0.56−30.1%+344%0.35—
What these numbers mean for VV
Annual return
VV returned 12.3% a year over the past 5 years with dividends reinvested, against 11.5% a year for the S&P 500. At that pace, $10,000 became about $17,900. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
VV's volatility over the past 5 years was 17.3%, 1.0 times the S&P 500's 17.5%. Volatility measures how widely returns swing around their average: in roughly two years out of three, VV's return lands within 17.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
VV's Sharpe ratio over the past 5 years was 0.76, against 0.71 for the S&P 500, so VV earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
VV's worst fall from a peak to a low over the past 10 years was 34.3%, against 35.0% for the S&P 500. Losses and gains are not symmetric: climbing back from a 34.3% fall takes a 52.2% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, VV's monthly returns had a correlation of 1.00 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They move almost in lockstep, so holding both adds little diversification. In the table, the correlation column measures each option against VV instead: the lower it is, the more that option would diversify a VV holding. Guide: Correlation and diversification →
Show all 21 stocks and funds worth at least $500 million that earned more than VV with less volatility

Out of 3,633 tested over 5 years. The strongest 17 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with VVExpense
1
PVALPutnam Focused Large Cap Value ETF · US Large-Cap Value
Same or nearby category+16.1%15.1%1.07−41.3%—0.870.56%
2
DFIVDimensional - International Value ETF · International Equity
Whole market+14.8%16.4%0.93−25.4%—0.640.27%
3
DIVBiShares Core Dividend ETF · Dividend & Income
Whole market+13.9%15.4%0.93−36.9%—0.850.05%
4
DIVIFranklin International Core Dividend Tilt Index ETF · International
Whole market+13.4%15.5%0.89−27.7%+184%0.720.09%
5
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.530.40%
6
VSLUApplied Finance Valuation Large Cap ETF · Broad Market
Whole market+13.7%16.2%0.88−23.8%—0.980.49%
7
FNDFSchwab Fundamental International Large Company Index ETF · International Equity
Whole market+13.6%16.3%0.87−40.2%+194%0.700.25%
8
FDLFirst Trust Morningstar Dividend Leaders Index Fund · US Dividend Equity
Whole market+13.9%14.4%0.98−41.4%+199%0.560.43%
9
EMLPFirst Trust North American Energy Infrastructure Fund · Energy Infrastructure
Whole market+14.9%14.5%1.04−43.6%+150%0.600.95%
10
GCOWPacer Global Cash Cows Dividend ETF · International
Whole market+14.1%13.6%1.04−37.6%+168%0.500.60%
11
RWLInvesco S&P 500 Revenue ETF · US Large-Cap Equity
Same or nearby category+13.7%14.4%0.97−36.1%+287%0.900.39%
12
JQUAJPMorgan U.S. Quality Factor ETF · US Quality Equity
Same or nearby category+13.6%15.7%0.89−32.9%—0.960.12%
13
FLQLFranklin U.S. Large Cap Multifactor Index ETF · Broad Market
Whole market+13.8%16.3%0.88−33.6%—0.980.15%
14
PWVInvesco Large Cap Value ETF · Broad Market
Whole market+13.5%14.2%0.97−37.6%+223%0.750.55%
15
EQLALPS Equal Sector Weight ETF · Broad Market
Whole market+13.5%14.5%0.94−34.2%+387%0.900.19%
16
DGTState Street SPDR Global Dow ETF · International
Whole market+13.8%15.1%0.94−34.4%+261%0.840.50%
17
IDOGALPS International Sector Dividend Dogs ETF · International
Whole market+14.1%15.6%0.93−37.3%+180%0.580.50%

VV against its popular alternatives

The investments people most often weigh against VV, compared period by period and year by year.

How do VV's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at VV, which divides the map into what did better or worse on each measure.

Green points earned more than VV with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

12.0%14.0%16.0%18.0%20.0%22.0%24.0%6.0%8.0%10.0%12.0%14.0%16.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityVV: 12.3% a year, volatility 17.3%SPY (S&P 500): 12.7% a year, volatility 17.1%VUG: 12.3% a year, volatility 22.5%FNDX: 13.5% a year, volatility 14.9%PRF: 13.0% a year, volatility 15.0%USMC: 14.1% a year, volatility 16.4%VO: 6.8% a year, volatility 17.6%VTI: 11.5% a year, volatility 17.5%SCHB: 11.6% a year, volatility 17.3%VB: 6.2% a year, volatility 20.6%MGC: 13.4% a year, volatility 17.4%OEF: 14.3% a year, volatility 17.8%DYNF: 14.7% a year, volatility 17.5%VTV: 12.0% a year, volatility 13.7%DIA: 9.9% a year, volatility 14.8%RSP: 8.2% a year, volatility 16.1%EQAL: 6.4% a year, volatility 17.2%SCHX: 12.0% a year, volatility 17.2%SPTM: 12.3% a year, volatility 16.9%VXUS: 8.3% a year, volatility 16.4%VVSPY (S&P 500)VUGFNDXPRFUSMCVOVTISCHBVBMGCOEFDYNFVTVDIARSPEQALSCHXVXUS12.0%14.0%16.0%18.0%20.0%22.0%24.0%6.0%8.0%10.0%12.0%14.0%16.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityVV: 12.3% a year, volatility 17.3%SPY (S&P 500): 12.7% a year, volatility 17.1%VUG: 12.3% a year, volatility 22.5%FNDX: 13.5% a year, volatility 14.9%PRF: 13.0% a year, volatility 15.0%USMC: 14.1% a year, volatility 16.4%VO: 6.8% a year, volatility 17.6%VTI: 11.5% a year, volatility 17.5%SCHB: 11.6% a year, volatility 17.3%VB: 6.2% a year, volatility 20.6%MGC: 13.4% a year, volatility 17.4%OEF: 14.3% a year, volatility 17.8%DYNF: 14.7% a year, volatility 17.5%VTV: 12.0% a year, volatility 13.7%DIA: 9.9% a year, volatility 14.8%RSP: 8.2% a year, volatility 16.1%EQAL: 6.4% a year, volatility 17.2%SCHX: 12.0% a year, volatility 17.2%SPTM: 12.3% a year, volatility 16.9%VXUS: 8.3% a year, volatility 16.4%VVSPY (S&P 500)VUGFNDXPRFUSMCVOVTISCHBVBMGCOEFDYNFVTVDIARSPEQALSCHXVXUS
All figures
InvestmentAnnual returnVolatility
DYNF iShares U.S. Equity Factor Rotation Active ETF+14.7%17.5%
OEF iShares S&P 100 ETF+14.3%17.8%
USMC Principal U.S. Mega-Cap ETF+14.1%16.4%
FNDX Schwab Fundamental U.S. Large Company ETF+13.5%14.9%
MGC Vanguard Morningstar Mega Cap ETF+13.4%17.4%
PRF Invesco RAFI US 1000 ETF+13.0%15.0%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
VV This pageVanguard Morningstar Large-Cap ETF+12.3%17.3%
VUG Vanguard Morningstar Growth ETF+12.3%22.5%
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF+12.3%16.9%
VTV Vanguard Morningstar Value ETF+12.0%13.7%
SCHX Schwab U.S. Large-Cap ETF+12.0%17.2%
SCHB Schwab U.S. Broad Market ETF+11.6%17.3%
VTI Vanguard Morningstar Total Stock Market ETF+11.5%17.5%
DIA State Street SPDR Dow Jones Industrial Average ETF Trust+9.9%14.8%
VXUS Vanguard Total International Stock ETF+8.3%16.4%
RSP Invesco S&P 500 Equal Weight ETF+8.2%16.1%
VO Vanguard Morningstar Mid-Cap ETF+6.8%17.6%
EQAL Invesco Russell 1000 Equal Weight ETF+6.4%17.2%
VB Vanguard Morningstar Small-Cap ETF+6.2%20.6%
Open these 20 in EasyCompare

Has VV consistently beaten its popular alternatives?

This section compares VV with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than VV helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than VV over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
VV Vanguard Morningstar Large-Cap ETF (this page)—−0.7%+3.9%+9.4%+13.4%+15.4%+90.6%+78.8%+324%17.3%0.76−34.3%0.03%$76B—
MGC QualifiedVanguard Morningstar Mega Cap ETF3/5 short3/3 long−1.0%+4.4%+10.0%+13.6%+16.0%+94.9%+87.8%+353%17.4%0.81−33.1%0.05%$11B94%
OEF Broad MarketiShares S&P 100 ETF2/5 short3/3 long−1.1%+4.6%+10.4%+12.6%+14.8%+98.4%+94.8%+367%17.8%0.84−31.4%0.20%$20B—
DYNF Broad MarketiShares U.S. Equity Factor Rotation Active ETF2/5 short2/3 long−1.9%+3.4%+9.1%+14.1%+17.1%+106%+98.5%—17.5%0.87−34.7%0.26%$42B93%
VUG Broad MarketVanguard Morningstar Growth ETF0/5 short2/3 long−2.5%+4.0%+8.2%+9.8%+10.2%+100%+78.6%+419%22.5%0.63−35.6%0.03%$392B74%
FNDX Broad MarketSchwab Fundamental U.S. Large Company ETF5/5 short1/3 long+1.6%+4.7%+11.9%+20.5%+25.4%+88.2%+88.6%+291%14.9%0.93−37.7%0.25%$28B79%
PRF Broad MarketInvesco RAFI US 1000 ETF4/5 short1/3 long+1.2%+4.2%+11.7%+20.2%+25.5%+90.1%+84.3%+270%15.0%0.90−38.1%0.34%$10B82%
USMC Broad MarketPrincipal U.S. Mega-Cap ETF1/5 short1/3 long−1.1%+4.3%+10.9%+13.0%+12.5%+86.6%+93.2%—16.4%0.89−30.0%0.12%$5.0B84%
SPYM Broad MarketState Street SPDR Portfolio S&P 500 ETF0/5 short1/3 long−0.5%+3.9%+9.1%+13.5%+15.9%+89.8%+82.5%+324%16.9%0.80−33.9%0.02%$184B98%
VOO Broad MarketVanguard S&P 500 ETF0/5 short1/3 long−0.6%+3.9%+9.1%+13.5%+15.8%+89.7%+82.3%+324%16.9%0.80−34.0%0.03%$1.7T99%
IVV Broad MarketiShares Core S&P 500 ETF0/5 short1/3 long−0.6%+3.9%+9.1%+13.5%+15.8%+89.7%+82.3%+324%17.0%0.80−33.9%0.03%$880B98%
SPY Broad MarketState Street SPDR S&P 500 ETF0/5 short1/3 long−0.6%+3.9%+9.1%+13.5%+15.8%+89.3%+81.7%+321%17.1%0.79−33.7%0.09%$823B98%
VTV Broad MarketVanguard Morningstar Value ETF4/5 short0/3 long+1.6%+4.0%+11.0%+18.2%+22.5%+77.9%+76.6%+235%13.7%0.90−36.8%0.03%$252B63%
DIA Broad MarketState Street SPDR Dow Jones Industrial Average ETF Trust1/5 short0/3 long+0.9%+1.6%+6.8%+9.6%+13.9%+66.1%+60.6%+250%14.8%0.72−36.7%0.16%$45B70%
RSP Broad MarketInvesco S&P 500 Equal Weight ETF1/5 short0/3 long+1.5%+2.0%+6.7%+13.3%+15.5%+65.4%+48.6%+211%16.1%0.57−39.0%0.20%$98B73%
VO Broad MarketVanguard Morningstar Mid-Cap ETF1/5 short0/3 long+0.8%+1.6%+5.7%+11.8%+12.4%+68.9%+39.1%+198%17.6%0.47−39.4%0.03%$217B71%
EQAL Broad MarketInvesco Russell 1000 Equal Weight ETF1/5 short0/3 long−0.2%+0.4%+1.1%+12.1%+14.3%+61.4%+36.4%+171%17.2%0.45−40.4%0.20%$802M69%
SCHX Broad MarketSchwab U.S. Large-Cap ETF0/5 short0/3 long−0.8%+3.6%+8.7%+13.0%+15.1%+89.1%+76.6%+317%17.2%0.75−34.3%0.03%$74B98%
VONE Broad MarketVanguard Russell 1000 ETF0/5 short0/3 long−0.6%+3.7%+8.6%+13.0%+15.2%+88.5%+75.9%+312%17.2%0.75−34.7%0.06%$12B97%
SPTM Broad MarketState Street SPDR Portfolio S&P 1500 Composite Stock Market ETF0/5 short0/3 long−0.6%+3.4%+8.4%+13.3%+15.7%+87.2%+78.6%+310%16.9%0.77−34.7%0.03%$14B97%
IWB Broad MarketiShares Russell 1000 ETF0/5 short0/3 long−0.6%+3.7%+8.6%+12.9%+15.1%+87.7%+75.1%+309%17.2%0.74−34.6%0.15%$49B97%
VTI Broad MarketVanguard Morningstar Total Stock Market ETF0/5 short0/3 long−0.8%+3.2%+8.3%+13.1%+15.2%+87.9%+72.6%+302%17.5%0.71−35.0%0.03%$2.3T97%
ITOT Broad MarketiShares Core S&P Total U.S. Stock Market ETF0/5 short0/3 long−0.8%+3.2%+8.2%+13.1%+15.2%+88.0%+72.7%+301%17.4%0.72−35.0%0.03%$96B97%
SCHB Broad MarketSchwab U.S. Broad Market ETF0/5 short0/3 long−0.9%+3.2%+8.3%+13.1%+15.2%+88.0%+72.9%+286%17.3%0.72−35.3%0.03%$44B98%
VB Broad MarketVanguard Morningstar Small-Cap ETF0/5 short0/3 long−0.8%−1.8%+1.3%+11.2%+13.7%+66.8%+35.2%+179%20.6%0.40−42.0%0.03%$176B71%
VXUS InternationalVanguard Total International Stock ETF0/5 short0/3 long−3.9%+1.0%+0.9%+10.2%+14.6%+77.2%+48.6%+140%16.4%0.57−36.0%0.05%$666B72%
Open these 26 in EasyCompare

How did VV do year by year?

This table shows each investment's total return in every full calendar year since 2005, along with where VV ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with VV and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Note: VV began trading on January 30, 2004, so the table starts with 2005, its first full calendar year, and cannot show how it fared during the dot-com bust.

Newest year first. Green marks a year in which the fund came out ahead of VV; gray means the two finished within a fraction of a point. The rank row places VV among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of VV202520242023202220212020201920182017201620152014201320122011201020092008200720062005
VV This pageVanguard Morningstar Large-Cap ETF—+18.1%+25.3%+27.2%−19.9%+27.4%+21.0%+31.3%−4.5%+22.0%+11.8%+1.0%+13.4%+32.7%+16.2%+1.4%+15.9%+27.3%−36.7%+6.2%+15.5%+6.0%
Rank among alternativesTop quarter in 5 of 217 of 196 of 196 of 1915 of 197 of 195 of 194 of 186 of 185 of 1713 of 175 of 176 of 168 of 158 of 156 of 149 of 148 of 127 of 123 of 117 of 117 of 10
SPY S&P 500State Street SPDR S&P 500 ETF2 of 21+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%
MGC Vanguard Morningstar Mega Cap ETF5 of 18+19.3%+27.2%+29.8%−20.0%+27.6%+21.6%+31.1%−3.5%+22.6%+11.9%+1.4%+13.4%+32.0%+16.2%+2.3%+13.7%+25.2%−36.1%———
OEF iShares S&P 100 ETF8 of 21+19.8%+30.8%+32.7%−21.0%+29.2%+21.2%+31.9%−4.2%+21.8%+11.3%+2.4%+12.6%+30.1%+16.0%+2.8%+12.5%+22.1%−35.5%+6.1%+18.1%+0.5%
DYNF iShares U.S. Equity Factor Rotation Active ETF3 of 6+20.0%+30.3%+36.2%−20.3%+24.9%+13.5%———————————————
VUG Vanguard Morningstar Growth ETF12 of 21+19.4%+32.7%+46.8%−33.1%+27.4%+40.2%+37.0%−3.3%+27.8%+6.2%+3.3%+13.6%+32.6%+17.1%+1.8%+17.1%+36.3%−38.0%+12.8%+9.0%+4.8%
FNDX Schwab Fundamental U.S. Large Company ETF3 of 12+16.9%+16.7%+18.3%−7.0%+31.7%+9.2%+28.7%−7.3%+16.5%+16.4%−3.0%+12.6%—————————
PRF Invesco RAFI US 1000 ETF8 of 20+18.4%+16.7%+15.7%−7.8%+31.2%+7.8%+27.4%−8.7%+16.0%+17.3%−2.9%+12.2%+35.0%+16.9%−0.5%+19.8%+41.6%−40.1%+1.8%+19.0%—
USMC Principal U.S. Mega-Cap ETF4 of 8+15.0%+29.8%+31.6%−17.2%+26.3%+16.1%+27.4%−2.3%—————————————
VTV Vanguard Morningstar Value ETF4 of 21+15.3%+16.0%+9.3%−2.1%+26.5%+2.3%+25.7%−5.5%+17.1%+17.1%−1.0%+13.2%+33.1%+15.2%+1.1%+14.5%+19.9%−35.9%−0.1%+22.4%+7.2%
DIA State Street SPDR Dow Jones Industrial Average ETF Trust8 of 21+14.7%+14.8%+16.0%−7.0%+20.8%+9.6%+25.0%−3.7%+28.1%+16.4%+0.1%+9.8%+29.6%+9.9%+8.1%+14.0%+22.7%−32.1%+8.8%+18.9%+1.6%
RSP Invesco S&P 500 Equal Weight ETF9 of 21+11.2%+12.8%+13.7%−11.6%+29.4%+12.7%+28.9%−7.8%+18.5%+14.5%−1.7%+15.1%+36.7%+18.6%+0.2%+21.5%+44.7%−40.0%+0.9%+15.5%+7.4%
VO Vanguard Morningstar Mid-Cap ETF5 of 21+11.6%+15.3%+16.0%−18.8%+24.7%+18.1%+30.9%−9.2%+19.3%+11.2%−1.3%+13.8%+35.1%+16.2%−2.0%+25.5%+40.6%−41.6%+5.5%+14.0%+13.9%
EQAL Invesco Russell 1000 Equal Weight ETF2 of 11+11.1%+11.4%+12.0%−13.5%+23.1%+16.6%+24.6%−9.2%+17.4%+15.6%−4.8%——————————
SCHX Schwab U.S. Large-Cap ETF0 of 16+17.5%+24.9%+26.8%−19.4%+26.8%+21.0%+31.2%−4.5%+21.6%+12.1%+1.0%+13.3%+32.6%+16.4%+1.6%+15.9%—————
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF5 of 21+16.9%+23.9%+25.6%−17.8%+28.5%+18.0%+31.4%−5.3%+21.1%+12.3%+0.2%+13.4%+33.6%+15.8%+0.8%+17.3%+28.1%−36.6%+5.2%+14.8%+6.7%
VTI Vanguard Morningstar Total Stock Market ETF3 of 21+17.1%+23.8%+26.0%−19.5%+25.7%+21.1%+30.7%−5.2%+21.2%+12.8%+0.4%+12.5%+33.4%+16.4%+1.0%+17.4%+28.9%−37.0%+5.3%+15.7%+6.3%
SCHB Schwab U.S. Broad Market ETF1 of 16+16.9%+23.9%+26.1%−19.4%+25.8%+19.6%+29.5%−6.1%+20.0%+14.7%−0.7%+11.5%+31.8%+14.8%+1.0%+16.3%—————
VB Vanguard Morningstar Small-Cap ETF6 of 21+8.9%+14.2%+18.2%−17.5%+17.6%+19.2%+27.3%−9.3%+16.3%+18.4%−3.8%+7.6%+37.7%+18.3%−2.8%+28.1%+36.6%−36.2%0.0%+14.4%+6.0%
VXUS Vanguard Total International Stock ETF4 of 14+32.3%+5.1%+15.9%−16.1%+9.0%+10.7%+21.7%−14.4%+27.5%+4.8%−4.2%−4.7%+14.6%+18.6%———————
Open these 20 in EasyCompare

Risk and diversification

How VV has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were VV's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents VV's five deepest drawdowns since it began trading in 2004, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Note: VV began trading on January 30, 2004, so this list cannot include the dot-com bust. The crash tests on this page show how older funds and the S&P 500 fared through those years.

Green means VV fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringVV fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2008 financial crisis−54.8%−55.2%Oct 2007Mar 200917 monthsMar 20123 years
Covid crash−34.3%−33.7%Feb 2020Mar 20201 monthAug 20205 months
2022 bear market−25.7%−24.4%Dec 2021Oct 202210 monthsDec 202314 months
Late-2018 sell-off−19.3%−19.4%Sep 2018Dec 20183 monthsApr 20194 months
No named crash−19.0%−18.8%Feb 2025Apr 20252 monthsJun 20252 months

How did VV do in stock market crashes?

This section measures how far VV, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: VV began trading on January 30, 2004, so its row reads "Not yet trading" for the dot-com bust. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than VV.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
VV This pageVanguard Morningstar Large-Cap ETF—−3.5%−25.5%−34.3%−19.3%−6.4%−13.3%−18.6%−1.7%−54.8%Not yet trading
SPY S&P 500State Street SPDR S&P 500 ETF3 of 9−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
MGC Vanguard Morningstar Mega Cap ETF3 of 8−3.0%−25.6%−33.1%−19.0%−6.5%−12.6%−17.3%−1.5%——
OEF iShares S&P 100 ETF5 of 9−2.9%−26.2%−31.4%−19.6%−6.6%−12.3%−16.6%−1.5%−54.1%—
DYNF iShares U.S. Equity Factor Rotation Active ETF0 of 3−3.6%−26.0%−34.7%———————
VUG Vanguard Morningstar Growth ETF2 of 9−3.5%−33.7%−31.8%−22.3%−6.2%−15.2%−18.3%−2.0%−50.7%—
FNDX Schwab Fundamental U.S. Large Company ETF2 of 6−4.2%−19.1%−37.4%−19.6%−6.2%−12.4%————
PRF Invesco RAFI US 1000 ETF1 of 9−4.6%−19.7%−38.0%−19.7%−6.4%−13.6%−19.4%−1.5%−60.1%—
USMC Principal U.S. Mega-Cap ETF4 of 5−2.7%−24.0%−30.0%−16.2%−7.2%—————
VTV Vanguard Morningstar Value ETF4 of 9−4.0%−17.0%−36.4%−17.3%−6.5%−11.6%−18.8%−1.1%−59.2%—
DIA State Street SPDR Dow Jones Industrial Average ETF Trust6 of 9−2.9%−20.8%−36.4%−18.1%−6.4%−12.1%−15.5%−1.4%−51.9%−33.9%
RSP Invesco S&P 500 Equal Weight ETF1 of 9−5.4%−21.4%−39.0%−19.8%−6.1%−14.8%−21.3%−1.6%−59.1%—
VO Vanguard Morningstar Mid-Cap ETF1 of 9−5.8%−25.0%−39.4%−21.2%−5.8%−18.8%−23.4%−2.4%−58.3%—
EQAL Invesco Russell 1000 Equal Weight ETF1 of 6−5.7%−21.4%−40.2%−21.0%−6.3%−17.5%————
SCHX Schwab U.S. Large-Cap ETF1 of 8−3.7%−25.2%−34.3%−19.4%−6.4%−13.4%−18.5%−1.2%——
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF1 of 9−3.8%−24.1%−34.7%−20.2%−6.3%−13.5%−18.8%−2.0%−54.7%—
VTI Vanguard Morningstar Total Stock Market ETF0 of 9−4.0%−25.2%−35.0%−20.0%−6.3%−14.1%−19.5%−1.9%−55.5%—
SCHB Schwab U.S. Broad Market ETF0 of 8−4.0%−25.3%−35.3%−20.5%−6.2%−14.5%−19.0%−1.6%——
VB Vanguard Morningstar Small-Cap ETF1 of 9−7.3%−24.9%−42.0%−23.8%−5.9%−20.5%−26.7%−2.5%−59.7%—
VXUS Vanguard Total International Stock ETF3 of 7−2.5%−28.4%−33.4%−15.1%−6.1%−20.2%−24.2%———
Open these 20 in EasyCompare

How closely does VV move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares VV with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than VV's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
VV This pageVanguard Morningstar Large-Cap ETF101%101%1.001.01
OEF iShares S&P 100 ETF104%100%1.041.00
VUG Vanguard Morningstar Growth ETF113%108%1.041.13
MGC Vanguard Morningstar Mega Cap ETF102%99%1.031.00
SCHX Schwab U.S. Large-Cap ETF100%101%0.991.01
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF99%101%0.981.01
FNDX Schwab Fundamental U.S. Large Company ETF95%98%0.970.97
VTI Vanguard Morningstar Total Stock Market ETF100%103%0.971.02
PRF Invesco RAFI US 1000 ETF93%98%0.950.97
VTV Vanguard Morningstar Value ETF86%91%0.950.86
SCHB Schwab U.S. Broad Market ETF99%104%0.951.03
DIA State Street SPDR Dow Jones Industrial Average ETF Trust92%99%0.930.93
RSP Invesco S&P 500 Equal Weight ETF92%107%0.861.01
VO Vanguard Morningstar Mid-Cap ETF91%109%0.841.05
VXUS Vanguard Total International Stock ETF76%91%0.840.82
EQAL Invesco Russell 1000 Equal Weight ETF90%113%0.801.04
VB Vanguard Morningstar Small-Cap ETF96%120%0.801.13
Open these 17 in EasyCompare

What diversifies VV?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with VV's. Because such investments tend not to fall at the same time, pairing VV with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which VV lost money. The last two columns show a portfolio that is 80% VV and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20222018200880/20 mix volatility80/20 mix annual return
VV Vanguard Morningstar Large-Cap ETF (this page)1.00+78.8%0.76−19.9%−4.5%−36.7%15.9%+13.4%
GLD CommoditiesSPDR Gold Shares0.15+126%0.96−0.8%−1.9%+4.9%13.7%+14.8%
XLE EnergyState Street Energy Select Sector SPDR ETF0.27+177%0.93+64.4%−18.2%−39.0%15.0%+15.9%
AMLP EnergyAlerian MLP ETF0.45+111%0.89+25.5%−12.6%—14.7%+14.7%
DBMF AlternativesiMGP DBi Managed Futures Strategy ETF-0.27+59.7%0.82+21.6%——12.3%+13.2%
DBA AlternativesInvesco DB Agriculture Fund0.17+66.4%0.81+2.5%−8.7%−19.1%13.3%+13.1%
IHE Broad MarketiShares U.S. Pharmaceuticals ETF0.48+81.2%0.80−4.9%−7.8%−14.8%14.4%+13.4%
PPH HealthcareVanEck Pharmaceutical ETF0.48+72.8%0.78+2.6%−5.9%−19.9%14.3%+13.1%
GDX MaterialsVanEck Gold Miners ETF0.27+181%0.73−9.0%−8.8%−26.1%16.5%+17.0%

Stocks

InvestmentCorrelation5Y returnSharpe20222018200880/20 mix volatility80/20 mix annual return
VV Vanguard Morningstar Large-Cap ETF (this page)1.00+78.8%0.76−19.9%−4.5%−36.7%15.9%+13.4%
CAH Medical - DistributionCardinal Health, Inc.0.29+479%1.55+54.1%−24.5%−39.6%15.1%+18.5%
MCK Medical - DistributionMcKesson Corporation0.18+413%1.44+51.8%−28.4%−40.4%14.5%+18.0%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.25+690%1.41+86.6%−8.2%—15.7%+20.6%
ATI Manufacturing - Metal FabricationATI Inc.0.32+1,008%1.34+87.5%−9.8%−70.0%18.2%+23.7%
CRS SteelCarpenter Technology Corporation0.41+1,082%1.30+29.5%−29.2%−72.1%19.0%+24.3%
Open these 14 in EasyCompare

Common questions

What was VV's worst drawdown?

VV's deepest decline since it began trading in 2004 was 54.8%, from October 2007 to March 2009. It took about three years from the low to climb back to its old high. Because VV launched in January 2004, that record does not include the dot-com bust.

What were VV's best and worst years?

Over 21 full calendar years, VV's best year was 2013, when it returned 32.7%. Its worst was 2008, with a return of -36.7%.

Is there a better investment than VV?

Among VV's popular alternatives, FNDX earned more than VV with less volatility over the past 5 years: 13.5% a year at 14.9% volatility, against 12.3% a year at 17.3%. Looking beyond its popular alternatives, JQUA (US quality equity) earned more than VV with less volatility over the past 5 years: 13.6% a year at 15.7% volatility, against 12.3% a year at 17.3%.

Is VV more volatile than the S&P 500?

No. VV's volatility over the past 5 years was 17.3%, 1.0 times the S&P 500's 17.5%. Volatility measures how widely returns swing around their average: in roughly two years out of three, VV's return lands within 17.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is VV's Sharpe ratio?

VV's Sharpe ratio over the past 5 years was 0.76, against 0.71 for the S&P 500, so VV earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is VV with the S&P 500?

Over the past 5 years, VV's monthly returns had a correlation of 1.00 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They move almost in lockstep, so holding both adds little diversification. In the table, the correlation column measures each option against VV instead: the lower it is, the more that option would diversify a VV holding.

What are the best alternatives to VV?

Of the 25 popular alternatives we compared, one outperformed VV in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: MGC.

Did VV outperform the S&P 500?

VV finished ahead of the S&P 500 (SPY) in six of 21 full calendar years. In 2025, it returned +18.1%, against +17.7% for the index.

How did VV do in stock market crashes?

VV fell less than the S&P 500 (SPY) in none of the nine major crashes it has traded through, and further in three. The clearest case was the 2022 bear market, when VV fell 25.5% and the S&P 500 fell 24.5%.

What diversifies VV?

These had a low correlation with VV over the past 5 years and still earned a positive 5-year return: among large ETFs, GLD (correlation 0.15), XLE (correlation 0.27) and AMLP (correlation 0.45); among large stocks, CAH (correlation 0.29), MCK (correlation 0.18) and MPC (correlation 0.25). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to VV