CTEX vs VOO
Proshares S&P Kensho Cleantech ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. CTEX delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | CTEX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.03% | |
| AUM | $5M | $997.4B | |
| Dividend Yield | 2.19% | 1.08% | |
| Holdings | 32 | 509 | |
| YTD Return | -14.30% | +13.25% | |
| 1Y Return | +22.91% | +19.96% | |
| 3Y Return (annualized) | +4.28% | +21.27% | |
| 5Y Return (annualized) | -4.14% | +12.81% | |
| Volatility (annualized) | 42.2% | 14.1% | |
| Max Drawdown | -70.3% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 29, 2021 | Sep 7, 2010 |
CTEX vs VOO Performance
Proshares S&P Kensho Cleantech ETF (CTEX) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CTEX returned +22.91% while VOO returned +19.96%. Year to date, CTEX is down 14.30% versus a gain of 13.25% for VOO.
Over three years, CTEX compounded at +4.28% per year against +21.27% for VOO; over five years the annualized figures are -4.14% and +12.81% respectively. Across the full 5-year window we track, VOO has the edge at +13.49% annualized vs -4.14%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CTEX has been the more volatile fund, with annualized monthly volatility of 42.2% 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 -70.3% for CTEX 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CTEX charges 0.58% per year while VOO charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, CTEX currently yields 2.19% against 1.08% for VOO.
Holdings Overlap
CTEX and VOO share 5 holdings out of 530 unique holdings combined, representing a 2.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CTEX or VOO?
CTEX has an expense ratio of 0.58% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, CTEX or VOO?
Over the past year CTEX returned +22.91% vs +19.96% for VOO, so CTEX leads on 1-year performance. Over the longest common window we track (5 years), CTEX annualized -4.14% vs +13.49% for VOO. Past performance does not guarantee future results.
Which is riskier, CTEX or VOO?
CTEX has been the more volatile fund at 42.2% annualized versus 14.1% for VOO. Worst drawdown: CTEX -70.3% vs VOO -34.3%.
Should I hold both CTEX and VOO?
CTEX and VOO have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CTEX and VOO?
CTEX and VOO share 5 common holdings with a 2.7% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, CTEX or VOO?
CTEX yields 2.19% while VOO yields 1.08%, so CTEX currently pays the higher dividend yield.
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