BHV vs VOO
BlackRock Virginia Municipal Bond Trust vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. BHV delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | BHV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.60% | 0.03% | |
| AUM | $18M | $997.4B | |
| Dividend Yield | 5.11% | 1.08% | |
| Holdings | 43 | 509 | |
| YTD Return | +23.86% | +13.20% | |
| 1Y Return | +31.83% | +21.62% | |
| 3Y Return (annualized) | +12.50% | +22.16% | |
| 5Y Return (annualized) | -3.73% | +13.42% | |
| Volatility (annualized) | 16.7% | 14.1% | |
| Max Drawdown | -57.4% | -34.3% | |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 30, 2002 | Sep 7, 2010 |
BHV vs VOO Performance
BlackRock Virginia Municipal Bond Trust (BHV) is a ETF from BlackRock, Inc. (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BHV returned +31.83% while VOO returned +21.62%. Year to date, BHV is up 23.86% versus a gain of 13.20% for VOO.
Over three years, BHV compounded at +12.50% per year against +22.16% for VOO; over five years the annualized figures are -3.73% and +13.42% respectively. Across the full 16-year window we track, VOO has the edge at +13.51% annualized vs +0.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BHV has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -57.4% for BHV 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BHV charges 2.60% per year while VOO charges 0.03%. On a $10,000 position that is $260 vs $3 annually, a gap of $257 per year that compounds over a long holding period. On income, BHV currently yields 5.11% against 1.08% for VOO.
Holdings Overlap
BHV and VOO share 0 holdings out of 523 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BHV or VOO?
BHV has an expense ratio of 2.60% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $257 per year of difference.
Which performed better, BHV or VOO?
Over the past year BHV returned +31.83% vs +21.62% for VOO, so BHV leads on 1-year performance. Over the longest common window we track (16 years), BHV annualized +0.23% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, BHV or VOO?
BHV has been the more volatile fund at 16.7% annualized versus 14.1% for VOO. Worst drawdown: BHV -57.4% vs VOO -34.3%.
Should I hold both BHV and VOO?
BHV and VOO have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BHV and VOO?
BHV and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, BHV or VOO?
BHV yields 5.11% while VOO yields 1.08%, so BHV currently pays the higher dividend yield.
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