CSD vs VOO
Invesco S&P Spin-Off ETF vs Vanguard S&P 500 ETF
Which is better, CSD or VOO?
Mid Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. CSD led over 1Y, 3Y and 5Y, VOO over the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 61.4%.
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 | CSD | VOO |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $219M | $997.4B |
| Dividend Yield | 0.12% | 1.04% |
| Holdings | 27 | 509 |
| YTD Return | +26.14%Best | +12.37% |
| 1Y Return | +39.54%Best | +16.61% |
| 3Y Return (annualized) | +32.13%Best | +21.37% |
| 5Y Return (annualized) | +16.05%Best | +13.49% |
| Volatility (annualized) | 21.3% | 14.1%Best |
| Max Drawdown | -57.5% | -34.3%Best |
| $10,000 over 5 years | $21,049Best | $18,827 |
| Top 10 Weight | 61.4% | 37.6%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Dec 15, 2006 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 18, 2026 (16 years).
CSD 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 16 years both funds cover.
CSD vs VOO Performance
Invesco S&P Spin-Off ETF (CSD) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year CSD returned +39.54% while VOO returned +16.61%. Year to date, CSD is up 26.14% versus a gain of 12.37% for VOO.
Over three years, CSD compounded at +32.13% per year against +21.37% for VOO; over five years the annualized figures are +16.05% and +13.49% respectively. Across the full 16-year window we track, VOO has the edge at +13.39% annualized vs +13.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CSD has been the more volatile fund, with annualized monthly volatility of 21.3% 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 -57.5% for CSD and -34.3% 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CSD charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, CSD currently yields 0.12% against 1.04% for VOO.
Holdings Overlap
52.5% of CSD's money is in holdings VOO also owns. 1.0% of VOO's money is in holdings CSD also owns.
The two portfolios partly overlap.
8 positions in common, counted across the 30 positions we hold weights for in CSD and 494 in VOO, against full books of 27 and 509.
What only one of them owns
Measured across the 30 and 494 positions we hold weights for.
VOO holds 479 positions CSD does not, 98.2% of the fund.
Largest: NVDA 7.55%, AAPL 7.05%, MSFT 5.36%, AMZN 4.13%, GOOGL 3.24%
Top Shared Holdings
| Stock | Weight in CSD | Weight in VOO | Difference |
|---|---|---|---|
| SNDKSandisk Corp/De | 9.06% | 0.28% | 8.78% |
| GEHCGe Healthcare Technologies Inc | 7.48% | 0.05% | 7.43% |
| HONAHoneywell Aerospace Inc | 7.33% | 0.10% | 7.23% |
| GEVGE Vernova Inc. CDR (CAD Hedged) | 6.72% | 0.41% | 6.31% |
| QQnity Electronics Inc | 6.54% | 0.04% | 6.50% |
| VLTOVeralto Corp | 6.06% | 0.04% | 6.02% |
| SOLVSolventum Corp | 4.98% | 0.02% | 4.96% |
| FDXFFedex Freight Holding Company Inc | 4.35% | 0.02% | 4.33% |
52.5% of CSD 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, CSD or VOO?
CSD has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, CSD or VOO?
Over the past year CSD returned +39.54% vs +16.61% for VOO, so CSD leads on 1-year performance. Over the longest common window we track (16 years), CSD annualized +13.31% vs +13.39% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CSD or VOO?
CSD has been the more volatile fund at 21.3% annualized versus 14.1% for VOO. Worst drawdown: CSD -57.5% vs VOO -34.3%.
Should I hold both CSD and VOO?
CSD and VOO have a monthly-return correlation of 0.84, 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 CSD and VOO?
52.5% of CSD's money is in holdings VOO also owns. 1.0% of VOO's is in holdings CSD also owns. They hold 8 positions in common, counted across the 30 positions we hold weights for in CSD and 494 in VOO.
Which pays a higher dividend, CSD or VOO?
CSD yields 0.12% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than CSD?
VOO has a lower expense ratio. CSD led over 1Y, 3Y and 5Y, VOO over the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 61.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.