BCAT vs VOO
BlackRock Capital Allocation Term Trust vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. BCAT delivered stronger 1-year returns. BCAT offers more diversification with 917 holdings.
Side-by-Side Comparison
| Metric | BCAT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.41% | 0.03% | |
| AUM | $1.6B | $997.4B | |
| Dividend Yield | 22.04% | 1.08% | |
| Holdings | 917 | 509 | |
| YTD Return | +26.01% | +12.95% | |
| 1Y Return | +31.02% | +20.69% | |
| 3Y Return (annualized) | +22.70% | +22.09% | |
| 5Y Return (annualized) | +9.16% | +13.40% | |
| Volatility (annualized) | 14.8% | 14.1% | |
| Max Drawdown | -36.1% | -34.3% | |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 25, 2020 | Sep 7, 2010 |
BCAT vs VOO Performance
BlackRock Capital Allocation Term Trust (BCAT) is a ETF from BlackRock, Inc. (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BCAT returned +31.02% while VOO returned +20.69%. Year to date, BCAT is up 26.01% versus a gain of 12.95% for VOO.
Over three years, BCAT compounded at +22.70% per year against +22.09% for VOO; over five years the annualized figures are +9.16% and +13.40% respectively. Across the full 6-year window we track, VOO has the edge at +13.50% annualized vs +9.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BCAT has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.1% 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 -36.1% for BCAT 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BCAT charges 1.41% per year while VOO charges 0.03%. On a $10,000 position that is $141 vs $3 annually, a gap of $138 per year that compounds over a long holding period. On income, BCAT currently yields 22.04% against 1.08% for VOO.
Holdings Overlap
BCAT and VOO share 91 holdings out of 730 unique holdings combined, representing a 30.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BCAT or VOO?
BCAT has an expense ratio of 1.41% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $138 per year of difference.
Which performed better, BCAT or VOO?
Over the past year BCAT returned +31.02% vs +20.69% for VOO, so BCAT leads on 1-year performance. Over the longest common window we track (6 years), BCAT annualized +9.23% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, BCAT or VOO?
BCAT has been the more volatile fund at 14.8% annualized versus 14.1% for VOO. Worst drawdown: BCAT -36.1% vs VOO -34.3%.
Should I hold both BCAT and VOO?
BCAT and VOO have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BCAT and VOO?
BCAT and VOO share 91 common holdings with a 30.5% weight overlap. Combined, they hold 730 unique securities.
Which pays a higher dividend, BCAT or VOO?
BCAT yields 22.04% while VOO yields 1.08%, so BCAT currently pays the higher dividend yield.
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