ASLV vs VOO
Allspring Special Large Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | ASLV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $221M | $997.4B | |
| Dividend Yield | 0.80% | 1.08% | |
| Holdings | 46 | 509 | |
| YTD Return | +9.98% | +12.25% | |
| 1Y Return | +15.54% | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 10.4% | 14.1% | |
| Max Drawdown | -11.0% | -34.3% | |
| Fund Family | Allspring Global Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2025 | Sep 7, 2010 |
ASLV vs VOO Performance
Allspring Special Large Value ETF (ASLV) is a ETF from Allspring Global Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ASLV returned +15.54% while VOO returned +20.92%. Year to date, ASLV is up 9.98% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 10.4% for ASLV. 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 -11.0% for ASLV 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASLV charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, ASLV currently yields 0.80% against 1.08% for VOO.
Holdings Overlap
ASLV and VOO share 35 holdings out of 514 unique holdings combined, representing a 24.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ASLV or VOO?
ASLV has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, ASLV or VOO?
Over the past year ASLV returned +15.54% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), ASLV annualized +18.04% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, ASLV or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 10.4% for ASLV. Worst drawdown: ASLV -11.0% vs VOO -34.3%.
Should I hold both ASLV and VOO?
ASLV and VOO have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASLV and VOO?
ASLV and VOO share 35 common holdings with a 24.7% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, ASLV or VOO?
ASLV yields 0.80% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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