AAUM vs VOO
Tema Alternative Asset Managers ETF vs Vanguard S&P 500 ETF
Which is better, AAUM or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 53.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AAUM | VOO |
|---|---|---|
| Expense Ratio | 0.75% | 0.03%Best |
| AUM | $1M | $1.0T |
| Dividend Yield | 0.95% | 1.04% |
| Holdings | 30 | 506 |
| Top 10 Weight | 53.3% | 37.6%Best |
| Fund Family | Tema Global Limited | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Oct 1, 2025 | Sep 7, 2010 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
The two price series end 91 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. AAUM has data through Jul 2, 2026 and VOO through Oct 1, 2026.
Fees and Cost Over Time
AAUM charges 0.75% per year while VOO charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, AAUM currently yields 0.95% against 1.04% for VOO.
Holdings Overlap
24.5% of AAUM's money is in holdings VOO also owns. 0.6% of VOO's money is in holdings AAUM also owns.
AAUM and VOO share little of their money.
The two holdings books were reported 92 days apart, AAUM as of Apr 30, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
5 positions in common, counted across the 29 positions we hold weights for in AAUM and 494 in VOO, against full books of 30 and 506.
What only one of them owns
Our book lists 482 positions for VOO that do not appear in our book for AAUM (98.5% of the fund), and 8 for AAUM that do not appear in VOO (32.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
24.5% of AAUM is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AAUM or VOO?
AAUM has an expense ratio of 0.75% while VOO charges 0.03%. VOO is the cheaper option, by $72 a year on a $10,000 investment.
What is the holdings overlap between AAUM and VOO?
24.5% of AAUM's money is in holdings VOO also owns. 0.6% of VOO's is in holdings AAUM also owns. They hold 5 positions in common, counted across the 29 positions we hold weights for in AAUM and 494 in VOO.
Which pays a higher dividend, AAUM or VOO?
AAUM yields 0.95% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than AAUM?
VOO has a lower expense ratio. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 53.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.