VOO Vs. VTI: Here Are The Key Differences Between Vanguard US Stock Market ETFs Investors Should Know
VOO Vs. VTI: Here Are The Key Differences Between Vanguard US Stock Market ETFs Investors Should Know
Investors have thousands of options when it comes to investing in exchange-traded funds, including those that mirror broad U.S. stock market indexes like the S&P 500 Index.
在投资交易所交易基金时，投资者有成千上万的选择，包括那些反映美国股市广泛指数的基金，例如标准普尔500指数。
Here's a look at key differences between the Vanguard S&P 500 ETF (NYSE:VOO) and the Vanguard Total Stock Market ETF (NYSE:VTI).
以下是Vanguard标准普尔500指数ETF（纽约证券交易所代码：VOO）和Vanguard Total Stock Market ETF（纽约证券交易所代码：VTI）之间的主要区别。
VOO ETF Vs. VTI ETF: The Vanguard S&P 500 ETF tracks the S&P 500 Index and holds around 500 stocks, with a current large weighting of the Magnificent Seven stocks.
VOO ETF vs.VTI ETF：Vanguard标准普尔500指数ETF追踪标准普尔500指数，持有约500只股票，目前对壮丽七号股票的权重很大。
The Vanguard Total Stock Market ETF tracks the CRSP U.S. Total Market Index and holds 3,674 stocks at the time of writing.
Vanguard Total Stock Market ETF追踪CRSP美国总市场指数，在撰写本文时持有3,674只股票。
The VOO is weighted by market capitalization for the 500 largest U.S. public companies, while the VTI includes stocks outside the S&P 500.
VOO按美国最大的500家上市公司的市值加权，而VTI则包括标准普尔500指数以外的股票。
Here are the top 10 holdings of the two ETFs:
以下是两只ETF的前十大持股：
| VOO Top 10 Holdings, Fund Weighting | VTI Top 10 Holdings, Fund Weighting |
| Microsoft (MSFT), 7.2% | Microsoft (MSFT), 6.3% |
| NVIDIA (NVDA), 6.6% | Apple (AAPL), 5.9% |
| Apple (AAPL), 6.6% | NVIDIA (NVDA), 5.5% |
| Amazon (AMZN), 3.9% | Amazon (AMZN), 3.5% |
| Meta Platforms (META), 2.4% | Meta Platforms (META), 2.1% |
| Alphabet Class A (GOOGL), 2.3% | Alphabet Class A (GOOGL), 2.1% |
| Alphabet Class C (GOOG), 2.0% | Alphabet Class C (GOOG), 1.7% |
| Berkshire Hathaway (BRK.B), 1.6% | Eli Lilly (LLY), 1.5% |
| Eli Lilly (LLY), 1.6% | Broadcom (AVGO), 1.4% |
| Broadcom (AVGO), 1.5% | Berkshire Hathaway (BRK.B), 1.4% |
| VOO 十大持股，基金权重 | VTI 十大持股，基金权重 |
| 微软 (MSFT)，7.2% | 微软 (MSFT)，6.3% |
| 英伟达 (NVDA)，6.6% | 苹果 (AAPL)，5.9% |
| 苹果 (AAPL)，6.6% | 英伟达 (NVDA)，5.5% |
| 亚马逊 (AMZN)，3.9% | 亚马逊 (AMZN)，3.5% |
| Meta Platforms (META)，2.4% | Meta Platforms (META)，2.1% |
| 字母表 A 类 (GOOGL)，2.3% | 字母表 A 类 (GOOGL)，2.1% |
| C 类字母 (GOOG)，2.0% | C 类字母 (GOOG)，1.7% |
| 伯克希尔·哈撒韦公司 (BRK.b)，1.6% | 礼来 (LLY)，1.5% |
| 礼来 (LLY)，1.6% | 博通 (AVGO)，1.4% |
| 博通 (AVGO)，1.5% | 伯克希尔·哈撒韦公司 (BRK.b)，1.4% |
As investors can see, the top 10 holdings are the same across both funds. The difference is the weighting, with the VOO more heavily concentrated among its top 10 holdings and VTI holding smaller weightings due to the larger amount of overall holdings in the fund.
正如投资者所看到的，两只基金的前10名持股量相同。区别在于权重，VOO更多地集中在其前十名持股中，而VTI的权重较小，这是因为该基金的总持股量较大。
The top sectors represented by the VOO ETF are:
VOO ETF所代表的主要板块是：
- Information Technology (32.5%)
- Financials (12.4%)
- Health Care (11.7%).
- 信息技术 (32.5%)
- 金融 (12.4%)
- 医疗保健（11.7%）。
Compare that to the VTI ETF, which has the largest weighting for:
相比之下，VTI ETF在以下方面的权重最大：
- Technology (35.2%)
- Consumer Discretionary (13.8%) and
- Industrials (12.1%).
- 科技 (35.2%)
- 非必需消费品（13.8%）和
- 工业 (12.1%)。
Each of the two Vanguard ETFs has an expense ratio of 0.03%, which is on the lower side for ETFs and is cheaper than the 0.09% expense rate for the SPDR S&P 500 ETF Trust (NYSE:SPY), which also tracks the S&P 500 ETF Trust and trades similar to VOO.
两只Vanguard ETF的支出比率均为0.03％，在ETF中处于较低水平，比SPDR标准普尔500指数ETF信托基金（纽约证券交易所代码：SPY）0.09％的支出率便宜，后者还追踪标准普尔500指数ETF信托，交易与VOO类似。
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ETF Performance: With different indexes tracked and holdings, the ETFs have turned in different performances over the years.
ETF表现：由于追踪的指数和持仓量不同，ETF多年来的表现各不相同。
Here's a look at the current performances of VOO vs. VTI and how the two ETFs stack up against SPY, which is one of the largest ETFs and the first U.S. ETF to ever launch, back in 1993.
以下是VOO与VTI的当前表现，以及这两只ETF如何与SPY对比。SPY是最大的ETF之一，也是有史以来第一只推出的美国ETF，早在1993年。
| VOO | VTI | SPY | |
| Year-to-Date Return | +12.2% | +11.0% | +12.2% |
| 1-Year Return | +19.7% | +18.2% | +19.6% |
| 5-Year Return | +85.2% | +79.2% | +85.1% |
| 10-Year Return | +173.1% | +155.0% | +167.7% |
| 哇 | VTI | 间谍 | |
| 年初至今的回报 | +12.2% | +11.0% | +12.2% |
| 1 年回报 | +19.7% | +18.2% | +19.6% |
| 5 年回报 | +85.2% | +79.2% | +85.1% |
| 10 年回报 | +173.1% | +155.0% | +167.7% |
The Vanguard S&P 500 ETF has slightly outperformed the SPDR S&P 500 ETF Trust, likely the result of rebalancing timing and asset weighting. The ETF has also outperformed the Vanguard Total Stock Market ETF with large-cap stocks performing better than the overall market index based on the time periods above.
Vanguard标准普尔500指数ETF的表现略高于SPDR标准普尔500指数ETF信托基金，这可能是再平衡时机和资产权重的结果。该ETF的表现也超过了Vanguard Total Stock Market ETF，根据上述时间段，大盘股的表现好于整体市场指数。
For investors, the main consideration between VOO and VTI is how much exposure to large-cap stocks versus all the stock sizes offered on stock exchanges.
对于投资者而言，VOO和VTI之间的主要考虑因素是与证券交易所提供的所有股票规模相比，大盘股的敞口是多少。
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