CORP vs VOO
Pimco Investment Grade Corporate Bond Index Exchange-Traded Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. CORP offers more diversification with 1,470 holdings.
Side-by-Side Comparison
| Metric | CORP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.41% | 0.03% | |
| AUM | $1.6B | $997.4B | |
| Dividend Yield | 4.48% | 1.08% | |
| Holdings | 1,470 | 509 | |
| YTD Return | -0.26% | +12.95% | |
| 1Y Return | +2.42% | +20.69% | |
| 3Y Return (annualized) | +5.90% | +22.09% | |
| 5Y Return (annualized) | +0.31% | +13.40% | |
| Volatility (annualized) | 6.1% | 14.1% | |
| Max Drawdown | -21.5% | -34.3% | |
| Fund Family | PIMCO (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 20, 2010 | Sep 7, 2010 |
CORP vs VOO Performance
Pimco Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) is a ETF from PIMCO (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CORP returned +2.42% while VOO returned +20.69%. Year to date, CORP is down 0.26% versus a gain of 12.95% for VOO.
Over three years, CORP compounded at +5.90% per year against +22.09% for VOO; over five years the annualized figures are +0.31% and +13.40% respectively. Across the full 16-year window we track, VOO has the edge at +13.50% annualized vs +1.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 6.1% for CORP. 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 -21.5% for CORP 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CORP charges 0.41% per year while VOO charges 0.03%. On a $10,000 position that is $41 vs $3 annually, a gap of $38 per year that compounds over a long holding period. On income, CORP currently yields 4.48% against 1.08% for VOO.
Holdings Overlap
CORP and VOO share 0 holdings out of 1689 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, CORP or VOO?
CORP has an expense ratio of 0.41% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, CORP or VOO?
Over the past year CORP returned +2.42% vs +20.69% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), CORP annualized +1.05% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, CORP or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 6.1% for CORP. Worst drawdown: CORP -21.5% vs VOO -34.3%.
Should I hold both CORP and VOO?
CORP and VOO have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CORP and VOO?
CORP and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1689 unique securities.
Which pays a higher dividend, CORP or VOO?
CORP yields 4.48% while VOO yields 1.08%, so CORP currently pays the higher dividend yield.
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