The Vanguard S&P 500 ETF (VOO), which tracks the S&P 500 Index (SPX), was up about 0.20% in premarket trading on Wednesday, primarily driven by strong gains in major technology and AI-related stocks.
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The FOMC is expected to announce the interest rate decision on Wednesday. While the market widely expects the Fed to keep interest rates unchanged, any new projections or forward guidance from Chairman Jerome Powell can cause market volatility.
Overall, VOO has gained 1.88% over the past five days and was up 14.6% in 2025.

VOO’s Key Holdings with Highest Upside/Downside Potential
According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of analyst ratings on its holdings, VOO is a Moderate Buy. The Street’s average price target of $748.01 implies an upside of 16.93%.
Currently, VOO’s five holdings with the highest upside potential are:
Meanwhile, its five holdings with the greatest downside potential are:
- Moderna (MRNA)
- SanDisk Corp. (SNDK)
- Archer Daniels Midland (ADM)
- Albemarle (ALB)
- Alexandria Equities (ARE)
Revealingly, VOO ETF’s Smart Score is eight, implying that this ETF will likely outperform the market.
Does VOO Pay Dividends?
Yes, VOO pays dividends. These payments come from the dividends paid by the companies in the S&P 500, and VOO distributes them to shareholders every quarter. The payout amount can change from quarter to quarter because company dividends vary. Investors can receive the dividend as cash or choose to automatically reinvest it into more shares through a dividend reinvestment program.
VOO’s dividend yield as of today is 1.12%.

