ANEW vs VOO
MSCI Transformational Changes ETF vs Vanguard S&P 500 ETF
Which is better, ANEW or VOO?
All Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. ANEW is less concentrated, with 22.3% of the fund in its ten largest positions against 36.4%.
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 | ANEW | VOO |
|---|---|---|
| Expense Ratio | 0.45% | 0.03%Best |
| AUM | $8M | $997.4B |
| Dividend Yield | 0.50% | 1.08% |
| Holdings | 148 | 509 |
| YTD Return | +7.12% | +12.74%Best |
| 1Y Return | +5.15% | +19.43%Best |
| 3Y Return (annualized) | +15.07% | +21.18%Best |
| 5Y Return (annualized) | +3.02% | +12.76%Best |
| Volatility (annualized) | 16.8% | 15.4%Best |
| Max Drawdown | -39.9% | -24.5%Best |
| $10,000 over 5 years | $11,604 | $18,230Best |
| Top 10 Weight | 22.3%Best | 36.4% |
| Fund Family | ProShares | Vanguard (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Oct 14, 2020 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Oct 16, 2020 to Sep 8, 2026 (5.9 years).
ANEW vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.9 years both funds cover.
ANEW vs VOO Performance
MSCI Transformational Changes ETF (ANEW) is an ETF from ProShares and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year ANEW returned +5.15% while VOO returned +19.43%. Year to date, ANEW is up 7.12% versus a gain of 12.74% for VOO.
Over three years, ANEW compounded at +15.07% per year against +21.18% for VOO; over five years the annualized figures are +3.02% and +12.76% respectively. Across the full 6-year window we track, VOO has the edge at +15.89% annualized vs +5.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ANEW has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 15.4% for VOO. 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 -39.9% for ANEW and -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ANEW charges 0.45% per year while VOO charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, ANEW currently yields 0.50% against 1.08% for VOO.
Holdings Overlap
59.2% of ANEW's money is in holdings VOO also owns. 47.9% of VOO's money is in holdings ANEW also owns.
The two portfolios partly overlap.
58 positions in common, counted across the 146 positions we hold weights for in ANEW and 504 in VOO, against full books of 148 and 509.
What only one of them owns
Our book lists 436 positions for VOO that do not appear in our book for ANEW (51.4% of the fund), and 53 for ANEW that do not appear in VOO (13.5%).
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.
Top Shared Holdings
| Stock | Weight in ANEW | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 1.86% | 7.51% | 5.65% |
| AAPLApple Inc Ord | 1.95% | 6.59% | 4.64% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 2.19% | 4.30% | 2.11% |
| AMZNAmazon.Com Inc | 1.97% | 3.62% | 1.65% |
| GOOGL Alphabet Inc. Class A | 1.75% | 3.25% | 1.50% |
| AVGOBroadcom Inc | 1.91% | 2.77% | 0.86% |
| METAMeta Platform Inc | 1.83% | 1.92% | 0.09% |
| LLYEli Lilly & Co. | 2.14% | 1.47% | 0.67% |
| MUMicron Technology, Inc. | 1.00% | 2.02% | 1.02% |
| ABBVAbbvie Inc. | 2.16% | 0.69% | 1.47% |
59.2% of ANEW 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.
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Frequently Asked Questions
Which is cheaper, ANEW or VOO?
ANEW has an expense ratio of 0.45% while VOO charges 0.03%. VOO is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, ANEW or VOO?
Over the past year ANEW returned +5.15% vs +19.43% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), ANEW annualized +5.81% vs +15.89% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ANEW or VOO?
ANEW has been the more volatile fund at 16.8% annualized versus 15.4% for VOO. Worst drawdown: ANEW -39.9% vs VOO -24.5%.
Should I hold both ANEW and VOO?
ANEW and VOO have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ANEW and VOO?
59.2% of ANEW's money is in holdings VOO also owns. 47.9% of VOO's is in holdings ANEW also owns. They hold 58 positions in common, counted across the 146 positions we hold weights for in ANEW and 504 in VOO.
Which pays a higher dividend, ANEW or VOO?
ANEW yields 0.50% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
Is VOO better than ANEW?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. ANEW is less concentrated, with 22.3% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.