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.
在投資交易所交易基金時，投資者有成千上萬的選擇，包括那些反映美國股市廣泛指數的基金，例如標準普爾500指數。
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標準普爾500指數ETF（紐約證券交易所代碼：VOO）和Vanguard Total Stock Market ETF（紐約證券交易所代碼：VTI）之間的主要區別。
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標準普爾500指數ETF追蹤標準普爾500指數，持有約500只股票，目前對壯麗七號股票的權重很大。
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追蹤CRSP美國總市場指數，在撰寫本文時持有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按美國最大的500家上市公司的市值加權，而VTI則包括標準普爾500指數以外的股票。
Here are the top 10 holdings of the two ETFs:
以下是兩隻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，基金權重 | VTI 十大持股，基金權重 |
| 微軟 (MSFT)，7.2% | 微軟 (MSFT)，6.3% |
| 英偉達 (NVDA)，6.6% | 蘋果 (AAPL)，5.9% |
| 蘋果 (AAPL)，6.6% | 英偉達 (NVDA)，5.5% |
| 亞馬遜 (AMZN)，3.9% | 亞馬遜 (AMZN)，3.5% |
| Meta Platforms (META)，2.4% | Meta Platforms (META)，2.1% |
| 字母表 A 類 (GOOGL)，2.3% | 字母表 A 類 (GOOGL)，2.1% |
| C 類字母 (GOOG)，2.0% | C 類字母 (GOOG)，1.7% |
| 伯克希爾·哈撒韋公司 (BRK.b)，1.6% | 禮來 (LLY)，1.5% |
| 禮來 (LLY)，1.6% | 博通 (AVGO)，1.4% |
| 博通 (AVGO)，1.5% | 伯克希爾·哈撒韋公司 (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.
正如投資者所看到的，兩隻基金的前10名持股量相同。區別在於權重，VOO更多地集中在其前十名持股中，而VTI的權重較小，這是因爲該基金的總持股量較大。
The top sectors represented by the VOO ETF are:
VOO ETF所代表的主要板塊是：
- Information Technology (32.5%)
- Financials (12.4%)
- Health Care (11.7%).
- 信息技術 (32.5%)
- 金融 (12.4%)
- 醫療保健（11.7%）。
Compare that to the VTI ETF, which has the largest weighting for:
相比之下，VTI ETF在以下方面的權重最大：
- Technology (35.2%)
- Consumer Discretionary (13.8%) and
- Industrials (12.1%).
- 科技 (35.2%)
- 非必需消費品（13.8%）和
- 工業 (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.
兩隻Vanguard ETF的支出比率均爲0.03％，在ETF中處於較低水平，比SPDR標準普爾500指數ETF信託基金（紐約證券交易所代碼：SPY）0.09％的支出率便宜，後者還追蹤標準普爾500指數ETF信託，交易與VOO類似。
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ETF Performance: With different indexes tracked and holdings, the ETFs have turned in different performances over the years.
ETF表現：由於追蹤的指數和持倉量不同，ETF多年來的表現各不相同。
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與VTI的當前表現，以及這兩隻ETF如何與SPY對比。SPY是最大的ETF之一，也是有史以來第一隻推出的美國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 | 間諜 | |
| 年初至今的回報 | +12.2% | +11.0% | +12.2% |
| 1 年回報 | +19.7% | +18.2% | +19.6% |
| 5 年回報 | +85.2% | +79.2% | +85.1% |
| 10 年回報 | +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標準普爾500指數ETF的表現略高於SPDR標準普爾500指數ETF信託基金，這可能是再平衡時機和資產權重的結果。該ETF的表現也超過了Vanguard Total Stock Market ETF，根據上述時間段，大盤股的表現好於整體市場指數。
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.
對於投資者而言，VOO和VTI之間的主要考慮因素是與證券交易所提供的所有股票規模相比，大盤股的敞口是多少。
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