VT holds both U.S. and international equities in one fund, effectively combining what VTI (U.S.) and VXUS (international) would provide separately. Its main appeal is ultimate simplicity — one ticker for the entire global equity market.

Its 20.4% one-year return is close to VOO's 19.0%, since the U.S. still makes up over 60% of the fund. Holding VTI and VXUS separately allows more precise control over the U.S./international split, but VT alone is enough if you want to minimize portfolio management.