ETF PROFILE · BROAD MARKET
VOO — Vanguard S&P 500 ETF
VOO is a low-cost index ETF designed to track the S&P 500 Index, providing exposure to large U.S. companies through a passively managed, full-replication strategy.
Fund data verified September 29, 2026 · Educational research
Fund Snapshot
OVERVIEW
What VOO Is Designed to Do
VOO seeks to track the performance of the S&P 500 Index, a widely followed benchmark of large U.S. companies. Vanguard describes the strategy as passive and full replication, meaning the fund generally holds the securities in the index rather than attempting to select winners independently.
The fund is designed as broad large-cap U.S. equity exposure. It is not a total-market fund: smaller U.S. companies outside the S&P 500 are not the core target exposure.
Current Fund Metrics
VOO net assets: $1.0488 trillion as of Aug. 31, 2026
Dividend yield: 1.05% as of Aug. 31, 2026
30-day SEC yield: 0.98% as of Aug. 31, 2026
Holdings: 505 as of July 31, 2026
Turnover: 2.40%
PORTFOLIO
Holdings & Concentration
VOO is diversified across hundreds of companies, but market-cap weighting means the largest companies have the biggest influence on returns. As those firms grow or shrink relative to the market, their portfolio weights change automatically.
This reduces single-company dependence compared with holding one stock, but it does not eliminate concentration in the largest U.S. companies or sectors.
Largest Holdings
| Holding | Weight |
|---|---|
| NVIDIA | 7.50% |
| Apple | 6.57% |
| Microsoft | 4.29% |
| Amazon | 3.61% |
| Alphabet Class A | 3.24% |
| Broadcom | 2.77% |
Weights shown are Vanguard portfolio data as of June 30, 2026.
DISTRIBUTIONS
How VOO Generates Income
VOO receives dividends from companies in the S&P 500 portfolio and distributes fund income on a quarterly schedule. The distribution amount can change from quarter to quarter.
Income should be evaluated alongside price appreciation and total return. A relatively modest yield is consistent with VOO’s role as a broad equity index fund rather than a dedicated high-income strategy.
Recent Distributions
June 2026: $1.9622 per share
March 2026: $1.8724 per share
Distribution history should always be checked against the current Vanguard record before relying on it.
RISK
What Could Go Wrong?
VOO is fully exposed to U.S. large-cap equity market risk. A broad index does not protect against a major market decline. The fund can experience deep drawdowns when large U.S. stocks fall.
Market-cap weighting also means the largest companies can represent a meaningful share of the fund. Strong performance by a small group can lift results, while weakness in those same companies can weigh heavily on the portfolio.
Risk Checklist
- U.S. equity-market drawdowns
- Large-cap concentration
- Technology-sector influence
- No principal protection
- Index-tracking differences after fees
Why Investors Study VOO
VOO is frequently researched as a potential core U.S. equity holding because it combines broad large-cap exposure, high liquidity, a long operating history and a low stated expense ratio.
When the Exposure May Be Incomplete
VOO does not by itself provide dedicated international equity, broad bond exposure, or full U.S. small-cap exposure. Investors studying portfolio construction should evaluate the total portfolio rather than treating one fund as universally complete.
COMPARE
Related Research
VOO vs VTI
Large-cap S&P 500 exposure versus the broader U.S. stock market.
VOO vs QQQ
Broad large-cap exposure versus Nasdaq-heavy growth exposure.
Build an ETF Portfolio
See how a core fund can fit inside a broader allocation framework.
Primary Source
Fund characteristics, fees, holdings and distribution data on this page are based on Vanguard’s official VOO product materials. Time-sensitive values are date-stamped and should be rechecked before use.
Official fund page
Vanguard S&P 500 ETF (VOO)
Invest Compound provides educational research, not individualized investment advice.