AFIF vs VOO

Quick Verdict

VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: VOOMore Diversified: VOO

Side-by-Side Comparison

MetricAFIFVOOWinner
Expense Ratio1.08%0.03%
AUM$276M$979.0B
Dividend Yield3.73%1.09%
Holdings317509
YTD Return+1.22%+13.44%
1Y Return+3.51%+22.62%
3Y Return (annualized)+6.62%+21.47%
5Y Return (annualized)+3.62%+13.27%
Volatility (annualized)2.8%14.1%
Max Drawdown-11.3%-34.3%
Fund FamilyHorizon FundsVanguard (US)
CategoryFixed IncomeEquity
InceptionSep 18, 2018Sep 7, 2010

AFIF vs VOO Performance

Anfield Universal Fixed Income ETF (AFIF) is a ETF from Horizon Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year AFIF returned +3.51% while VOO returned +22.62%. Year to date, AFIF is up 1.22% versus a gain of 13.44% for VOO.

Over three years, AFIF compounded at +6.62% per year against +21.47% for VOO; over five years the annualized figures are +3.62% and +13.27% respectively. Across the full 8-year window we track, VOO has the edge at +13.55% annualized vs +1.96%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 2.8% for AFIF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -11.3% for AFIF and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

AFIF charges 1.08% per year while VOO charges 0.03%. On a $10,000 position that is $108 vs $3 annually, a gap of $105 per year that compounds over a long holding period. On income, AFIF currently yields 3.73% against 1.09% for VOO.

Holdings Overlap

0.5%overlap

AFIF and VOO share 2 holdings out of 592 unique holdings combined, representing a 0.5% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in AFIFWeight in VOODifference
DUK1.04%0.15%0.89%
C0.32%0.36%0.04%

Frequently Asked Questions

Which is cheaper, AFIF or VOO?

AFIF has an expense ratio of 1.08% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $105 per year of difference.

Which performed better, AFIF or VOO?

Over the past year AFIF returned +3.51% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), AFIF annualized +1.96% vs +13.55% for VOO. Past performance does not guarantee future results.

Which is riskier, AFIF or VOO?

VOO has been the more volatile fund at 14.1% annualized versus 2.8% for AFIF. Worst drawdown: AFIF -11.3% vs VOO -34.3%.

Should I hold both AFIF and VOO?

AFIF and VOO have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between AFIF and VOO?

AFIF and VOO share 2 common holdings with a 0.5% weight overlap. Combined, they hold 592 unique securities.

Which pays a higher dividend, AFIF or VOO?

AFIF yields 3.73% while VOO yields 1.09%, so AFIF currently pays the higher dividend yield.

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