ASLV vs VOO
Allspring Special Large Value ETF vs Vanguard S&P 500 ETF
Which is better, ASLV or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 40.0%.
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 | ASLV | VOO |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $211M | $1.0T |
| Dividend Yield | 0.79% | 1.04% |
| Holdings | 46 | 506 |
| YTD Return | +6.24% | +13.59%Best |
| 1Y Return | +9.66% | +16.33%Best |
| 3Y Return (annualized) | - | +23.81% |
| 5Y Return (annualized) | - | +14.02% |
| Volatility (annualized) | 10.6%Best | 11.7% |
| Max Drawdown | -11.0%Best | -12.4% |
| $10,000 over 1.5 years | $12,154 | $13,765Best |
| Top 10 Weight | 40.0% | 37.6%Best |
| Fund Family | Allspring Global Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Mar 26, 2025 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 27, 2025 to Oct 2, 2026 (1.5 years).
ASLV 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 1.5 years both funds cover.
ASLV vs VOO Performance
Allspring Special Large Value ETF (ASLV) is an ETF from Allspring Global Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year ASLV returned +9.66% while VOO returned +16.33%. Year to date, ASLV is up 6.24% versus a gain of 13.59% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 10.6% 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 -12.4% 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 0.67. They move together some of the time, and apart the rest.
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 0.79% against 1.04% for VOO.
Holdings Overlap
84.9% of ASLV's money is in holdings VOO also owns. 33.1% of VOO's money is in holdings ASLV also owns.
Most of ASLV is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 46 days apart, ASLV as of Sep 15, 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.
36 positions in common, counted across the 42 positions we hold weights for in ASLV and 494 in VOO, against full books of 46 and 506.
What only one of them owns
Our book lists 451 positions for VOO that do not appear in our book for ASLV (66.1% of the fund), and 2 for ASLV that do not appear in VOO (4.4%).
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 ASLV | Weight in VOO | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 7.70% | 4.13% | 3.57% |
| AAPLApple, Inc | 3.97% | 7.05% | 3.08% |
| MSFTMicrosoft Corp | 5.23% | 5.36% | 0.13% |
| GOOGAlphabet Inc. C | 2.94% | 2.62% | 0.32% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 3.54% | 1.46% | 2.08% |
| AVGOBroadcom Inc | 1.82% | 2.86% | 1.04% |
| JNJJohnson & Johnson - Common | 3.17% | 0.96% | 2.21% |
| NEENextera Energy Inc | 3.62% | 0.28% | 3.34% |
| WFCWells Fargo & Co. | 3.18% | 0.41% | 2.77% |
| VVisa Inc Class A | 2.61% | 0.93% | 1.68% |
84.9% of ASLV 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, ASLV or VOO?
ASLV has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, ASLV or VOO?
Over the past year ASLV returned +9.66% vs +16.33% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), ASLV annualized +13.89% vs +23.74% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ASLV or VOO?
VOO has been the more volatile fund at 11.7% annualized versus 10.6% for ASLV. Worst drawdown: ASLV -11.0% vs VOO -12.4%.
Should I hold both ASLV and VOO?
ASLV and VOO have a monthly-return correlation of 0.67, 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 ASLV and VOO?
84.9% of ASLV's money is in holdings VOO also owns. 33.1% of VOO's is in holdings ASLV also owns. They hold 36 positions in common, counted across the 42 positions we hold weights for in ASLV and 494 in VOO.
Which pays a higher dividend, ASLV or VOO?
ASLV yields 0.79% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than ASLV?
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 40.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.