What Is VOOV? Vanguard S&P 500 Value ETF
Short answer
VOOV is Vanguard's S&P 500 Value ETF, holding the large-cap U.S. companies inside the S&P 500 that screen as value stocks on book, earnings, and sales relative to price. The portfolio leans toward financials, healthcare, energy, and consumer staples, with less technology weight than the broad index, and it pays a higher dividend yield than its growth sibling VOOG. At a 0.07% expense ratio it is among the cheapest ways to own the value half of U.S. large caps. It tracks the S&P 500 Value Index and holds roughly 440 stocks.
VOOV is issued by Vanguard and tracks S&P 500 Value Index. It charges a 0.07% expense ratio, holds approximately approximately $6.4 billion in assets under management, yields about approximately 1.7%, and launched in September 2010.
What is VOOV?
VOOV is Vanguard's S&P 500 Value ETF, holding the large-cap U.S. companies inside the S&P 500 that screen as value stocks on book, earnings, and sales relative to price. The portfolio leans toward financials, healthcare, energy, and consumer staples, with less technology weight than the broad index, and it pays a higher dividend yield than its growth sibling VOOG. At a 0.07% expense ratio it is among the cheapest ways to own the value half of U.S. large caps. It tracks the S&P 500 Value Index and holds roughly 440 stocks.
VOOV is issued by Vanguard and tracks S&P 500 Value Index, so a single ticker gives you the whole basket of underlying holdings weighted by the index's methodology rather than by any active stock-picking.
VOOV holdings: what's actually inside
VOOV is weighted toward its largest constituents. As of early 2026, the top holdings are:
| Rank | Ticker | Company | % of VOOV | |
|---|---|---|---|---|
| 1 | AAPL | Apple Inc. | 7.4% | |
| 2 | AMZN | Amazon.com Inc. | 3.9% | |
| 3 | XOM | Exxon Mobil Corp. | 1.9% | |
| 4 | WMT | Walmart Inc. | 1.8% | |
| 5 | TSLA | Tesla Inc. | 1.8% | |
| 6 | COST | Costco Wholesale Corp. | 1.4% | |
| 7 | BAC | Bank of America Corp. | 1.4% | |
| 8 | HD | Home Depot Inc. | 1.3% | |
| 9 | PG | Procter & Gamble Co. | 1.2% | |
| 10 | UNH | UnitedHealth Group Inc. | 1.1% |
The remaining holdings make up the balance of the fund, with weights tapering off below the top names. Because the index reconstitutes on a rolling basis, the roster stays current without active management. Each ticker above links to its individual stock guide in Walnut.
The bottom line on VOOV
VOOV gives investors the value half of the S&P 500 in a single low-cost fund, tilting toward financials, healthcare, and energy and paying a higher yield than the growth side. It suits people who want large-cap U.S. exposure with a value lean rather than the technology-heavy concentration of the full index.
More on VOOV
Whether VOOV is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is VOOV a buy?
VOOV yields approximately 1.7% as of early 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see VOOV dividend: yield and schedule.
Build a portfolio around VOOV with Walnut
Use VOOV as your core holding, then let Walnut's AI propose thematic satellites: AI infrastructure, dividend growth, clean energy, whatever you believe in. Connect your broker, build the basket in conversation, track it as one unit.
FAQ
What is VOOV?
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VOOV is the Vanguard S&P 500 Value ETF. It tracks the S&P 500 Value Index, which holds the large-cap U.S. companies within the S&P 500 that screen as value stocks based on their book value, earnings, and sales relative to price. The fund holds roughly 440 stocks and launched in September 2010.
What is VOOV's expense ratio?
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VOOV has an expense ratio of 0.07%, which works out to about $7 per year on a $10,000 investment. That makes it one of the cheapest ways to own the value half of the S&P 500.
How does VOOV compare to VOOG and VTV?
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VOOV holds the value half of the S&P 500, while VOOG holds the growth half, so together they cover the whole index. VTV is Vanguard's broader large-cap value fund tracking the CRSP US Large Cap Value Index, which draws from a wider universe than the S&P 500 alone. All three carry low expense ratios; VOOV and VOOG split the S&P 500 specifically, while VTV is a separate large-cap value benchmark.
What does VOOV hold?
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VOOV holds about 440 large-cap U.S. stocks that screen as value within the S&P 500. The portfolio tilts toward financials, healthcare, energy, and consumer staples, with less technology weight than the full index. Top holdings recently included Apple, Amazon, Exxon Mobil, Walmart, and Tesla.
Does VOOV pay a dividend?
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Yes. VOOV pays dividends quarterly, with a recent yield of around 1.7%. Because value companies tend to return more cash to shareholders, VOOV generally yields more than its growth counterpart VOOG.
Is VOOV a good investment?
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VOOV offers low-cost, diversified exposure to the value side of the S&P 500, which appeals to investors who want a value tilt over the technology-heavy concentration of the broad index. Whether it fits you depends on your goals, time horizon, and how you weigh value versus growth. Walnut is informational, not investment advice.
How is the S&P 500 Value Index defined?
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The S&P 500 Value Index identifies value stocks within the S&P 500 using three factors: the ratio of book value to price, earnings to price, and sales to price. Companies that score higher on these value measures are assigned to the value index, while higher-growth names go to the S&P 500 Growth Index that VOOG tracks.
How big is VOOV?
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VOOV manages roughly $6.4 billion in assets as of early 2026. It is a sizable, well-established fund that has traded since its September 2010 inception, giving it ample liquidity for most investors.
How do I compare VOOV to similar ETFs?
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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. VOOV's figures are above; the full method is in Walnut's guide on how to compare ETFs.
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Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to early 2026; verify current figures against Vanguard's fund page or your broker before investing.