ARMY vs VOO
Tema International Defense ETF vs Vanguard S&P 500 ETF
Which is better, ARMY or VOO?
Mid Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 45.2%.
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 | ARMY | VOO |
|---|---|---|
| Expense Ratio | 0.68% | 0.03%Best |
| AUM | $7M | $997.4B |
| Dividend Yield | 0.00% | 1.04% |
| Holdings | 34 | 509 |
| YTD Return | -3.39% | +14.14%Best |
| 1Y Return | -6.14% | +17.31%Best |
| 3Y Return (annualized) | - | +23.04% |
| 5Y Return (annualized) | - | +13.63% |
| Volatility (annualized) | 30.8% | 13.1%Best |
| Top 10 Weight | 45.2% | 37.6%Best |
| Fund Family | Tema Global Limited | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Sep 25, 2025 | Sep 7, 2010 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
ARMY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
ARMY vs VOO Performance
Tema International Defense ETF (ARMY) is an ETF from Tema Global Limited and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year ARMY returned -6.14% while VOO returned +17.31%. Year to date, ARMY is down 3.39% versus a gain of 14.14% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ARMY has been the more volatile fund, with annualized monthly volatility of 30.8% compared with 13.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.22. They move largely independently of each other.
Fees and Cost Over Time
ARMY charges 0.68% per year while VOO charges 0.03%. On a $10,000 position that is $68 vs $3 annually, a gap of $65 per year that compounds over a long holding period. On income, ARMY currently yields 0.00% against 1.04% for VOO.
Holdings Overlap
10.9% of ARMY's money is in holdings VOO also owns. 1.7% of VOO's money is in holdings ARMY also owns.
ARMY and VOO share little of their money.
7 positions in common, counted across the 34 positions we hold weights for in ARMY and 494 in VOO, against full books of 34 and 509.
What only one of them owns
Our book lists 480 positions for VOO that do not appear in our book for ARMY (97.5% of the fund), and 4 for ARMY that do not appear in VOO (8.7%).
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 ARMY | Weight in VOO | Difference |
|---|---|---|---|
| PLTRPalantir Technologies Inc | 2.80% | 0.44% | 2.36% |
| RTXRaytheon Co. | 1.64% | 0.45% | 1.19% |
| LMTLockheed Martin Corp | 1.77% | 0.18% | 1.59% |
| GDGeneral Dynamics Corp. | 1.32% | 0.15% | 1.17% |
| LHXL3Harris Technologies Inc. | 1.27% | 0.08% | 1.19% |
| BABoeing Co | 1.07% | 0.26% | 0.81% |
| NOCNorthrop Grumman Corp. | 1.07% | 0.11% | 0.96% |
You are not choosing between two funds in isolation.
Whichever of ARMY and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ARMY or VOO?
ARMY has an expense ratio of 0.68% while VOO charges 0.03%. VOO is the cheaper option, by $65 a year on a $10,000 investment.
Which performed better, ARMY or VOO?
Over the past year ARMY returned -6.14% vs +17.31% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ARMY or VOO?
ARMY has been the more volatile fund at 30.8% annualized versus 13.1% for VOO.
Should I hold both ARMY and VOO?
ARMY and VOO have a monthly-return correlation of 0.22, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ARMY and VOO?
10.9% of ARMY's money is in holdings VOO also owns. 1.7% of VOO's is in holdings ARMY also owns. They hold 7 positions in common, counted across the 34 positions we hold weights for in ARMY and 494 in VOO.
Which pays a higher dividend, ARMY or VOO?
ARMY yields 0.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than ARMY?
VOO has a lower expense ratio. VOO led over 1Y. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 45.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.