S&P 500 vs total market
VOO vs VTI in a taxable account
Compare an S&P 500 fund against a total US market fund, including coverage and distribution differences.
Modeled result
From 2011 to 2025, VOO finished ahead of VTI before tax and retained about $3,168 more in estimated end-date sale proceeds after taxes paid during the test, from the same $10,000 start.
Historical model
Growth of $10,000
2011-01-03 to 2025-12-31
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All history
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VOO
S&P 500 (VOO)
- After-tax if sold at end
- $58,774
- Before tax
- $70,895
- Value after taxes paid
- $66,309
- Max drawdown
- -33.99%
VTI
Total market (VTI)
- After-tax if sold at end
- $55,606
- Before tax
- $66,475
- Value after taxes paid
- $62,621
- Max drawdown
- -35.00%
Detailed metrics
Assumptions
$10,000 lump sum; distributions reinvested; monthly rebalancing; 2011-01-03 to 2025-12-31.
Tax profile: Single filer, $150,000 income, taxable account, HIFO lots, 2026 federal brackets, no state tax.
FAQ
Do VOO and VTI have different tax treatment?
Their tax character is similar: both are broad, low-turnover index funds with comparable dividend yields. The difference is coverage, since VTI adds mid- and small-cap stocks that VOO does not hold.
Is there a large overlap between the two funds?
Yes. The S&P 500 makes up most of the total US market by weight, so VOO and VTI share their large-cap holdings. VTI differs mainly in the smaller-company tail.