Morningstar

How the Largest Stock ETFs Performed

Vanguard Morningstar Value Index Fund led stock ETF returns in October while Invesco QQQ Trust lagged.

Securities in This Article
Vanguard Total International Stock Index Fund ETF Shares
(VXUS)
Vanguard Morningstar Mid-Cap ETF
(VO)
State Street® SPDR® S&P 500® ETF Trust
(SPY)
Vanguard S&P 500 ETF
(VOO)
Vanguard Morningstar Growth ETF
(VUG)

This article mentions funds that have an issuer-initiated rating and/or track a Morningstar Index. For full disclosure information, please refer to the specific funds, which are demarcated with a * symbol, listed below.

Each month, we check in on the performance of the largest US stock exchange-traded funds.

When evaluating ETFs, investors should focus on long-term returns across multiple years and market cycles. However, short-term returns can provide valuable information about biases within strategies.

Out of the 10 largest US stock ETFs, the top performer last month was the $251.7 billion Vanguard Morningstar Value Index Fund VTV

, which gained 5.57%. The bottom performer was the $461.3 billion Invesco QQQ Trust QQQ, which lost 6.64%.

Here’s more about the performance of the largest stock ETFs.

Vanguard Morningstar Total Stock Market Index Fund VTI

  • Morningstar Medalist Rating
    : Gold
  • Morningstar Category
    : Large Blend

The $2.3 trillion Vanguard Morningstar Total Stock Market Index Fund fell 0.72% in October. The loss on the fund was worse than the 0.21% loss on the average fund in the large blend category, outperforming 53% of its peers. Over the past 12 months, the Vanguard fund rose 12.06%, while the average fund in its category rose 10.98%. The fund, launched in May 2001, has climbed 23.12% over the past three years annualized and gained 10.95% annualized over the past five years.

Vanguard 500 Index Fund VOO

  • Morningstar Medalist Rating
    : Gold
  • Morningstar Category
    : Large Blend

The Vanguard 500 Index Fund lost 0.87% in October, falling further than the average fund in the large blend category, which fell 0.21%. The $1.7 trillion fund has gained 12.07% over the past 12 months, while the average fund in its category is up 10.98%. The Vanguard fund, launched in September 2010, has climbed 23.37% over the past three years annualized and gained 12.02% annualized over the past five years.

iShares Core S&P 500 ETF IVV

  • Morningstar Medalist Rating
    : Gold
  • Morningstar Category
    : Large Blend

The iShares Core S&P 500 ETF lost 0.87% in October, falling further than the average fund in the large blend category, which fell 0.21%. The $867.1 billion fund has gained 12.07% over the past 12 months, while the average fund in its category is up 10.98%. The iShares fund, launched in May 2000, has climbed 23.37% over the past three years annualized and gained 12.03% annualized over the past five years.

State Street SPDR S&P 500 ETF Trust SPY

  • Morningstar Medalist Rating
    : Gold
  • Morningstar Category
    : Large Blend

In October, the State Street SPDR S&P 500 ETF Trust fell 0.88%, while the average large blend fund lost 0.21%. The fund underperformed 54% of its peers. The $798 billion fund has climbed 12.01% over the past 12 months, outperforming the average fund in its category, which rose 10.98%. The State Street fund, launched in January 1993, has climbed 23.26% over the past three years annualized and gained 11.96% annualized over the past five years.

Vanguard Total Intl Stock Idx Fund VXUS

  • Morningstar Medalist Rating
    : Gold
  • Morningstar Category
    : Foreign Large Blend

The $649.3 billion Vanguard Total Intl Stock Idx Fund fell 3.12% in October. The loss on the fund was worse than the 1.29% loss on the average fund in the foreign large blend category, underperforming 81% of its peers. Over the past 12 months, the Vanguard fund rose 13.08%, while the average fund in its category rose 13.06%. The fund, launched in January 2011, has climbed 20.31% over the past three years annualized and gained 8.10% annualized over the past five years.

Invesco QQQ Trust QQQ

  • Morningstar Medalist Rating
    : Neutral
  • Morningstar Category
    : Large Growth

The Invesco QQQ Trust lost 6.64% in October, falling further than the average fund in the large growth category, which fell 4.84%. The $461.3 billion fund has gained 10.25% over the past 12 months, while the average fund in its category is up 1.78%. The Invesco fund, launched in March 1999, has climbed 26.01% over the past three years annualized and gained 13.00% annualized over the past five years.

Vanguard Morningstar Growth Index Fund VUG

  • Morningstar Medalist Rating
    : Gold
  • Morningstar Category
    : Large Growth

The $392.1 billion Vanguard Morningstar Growth Index Fund fell 5.56% in October. The loss on the fund was worse than the 4.84% loss on the average fund in the large growth category, underperforming 54% of its peers. Over the past 12 months, the Vanguard fund rose 2.72%, while the average fund in its category rose 1.78%. The fund, launched in January 2004, has climbed 24.64% over the past three years annualized and gained 10.79% annualized over the past five years.

Vanguard Developed Markets Index Fund VEA

  • Morningstar Medalist Rating
    : Gold
  • Morningstar Category
    : Foreign Large Blend

In October, the Vanguard Developed Markets Index Fund fell 1.91%, while the average foreign large blend fund lost 1.29%. The fund underperformed 63% of its peers. The $313.5 billion fund has climbed 16.66% over the past 12 months, outperforming the average fund in its category, which rose 13.06%. The Vanguard fund, launched in July 2007, has climbed 21.63% over the past three years annualized and gained 9.22% annualized over the past five years.

Vanguard Morningstar Value Index Fund VTV

  • Morningstar Medalist Rating
    : Gold
  • Morningstar Category
    : Large Value

The Vanguard Morningstar Value Index Fund gained 5.57% in October, outperforming the average fund in the large value category, which rose 4.56%. The $251.7 billion fund has gained 25.30% over the past 12 months, while the average fund in its category is up 20.69%. The Vanguard fund, launched in January 2004, has climbed 22.00% over the past three years annualized and gained 12.45% annualized over the past five years.

Vanguard Morningstar Mid Cap Index Fund VO

  • Morningstar Medalist Rating
    : Gold
  • Morningstar Category
    : Mid-Cap Blend

In October, the Vanguard Morningstar Mid Cap Index Fund rose 3.89%, while the average mid-cap blend fund gained 2.40%. The fund outperformed 73% of its peers. The $216.4 billion fund has climbed 13.68% over the past 12 months, performing roughly in line with the average fund in its category, which rose 14.22%. The Vanguard fund, launched in January 2004, has climbed 19.85% over the past three years annualized and gained 6.89% annualized over the past five years.

This article was generated with the help of automation and reviewed by Morningstar editors. Learn more about Morningstar’s use of automation.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

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