CVY vs VOO
Invesco Zacks Multi-Asset Income ETF vs Vanguard S&P 500 ETF
Which is better, CVY or VOO?
Allocation/Balanced against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. CVY is less concentrated, with 11.8% of the fund in its ten largest positions against 36.4%.
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 | CVY | VOO |
|---|---|---|
| Expense Ratio | 1.21% | 0.03%Best |
| AUM | $125M | $997.4B |
| Dividend Yield | 4.08% | 1.04% |
| Holdings | 151 | 509 |
| YTD Return | +15.49%Best | +12.50% |
| 1Y Return | +16.41% | +17.58%Best |
| 3Y Return (annualized) | +14.86% | +21.27%Best |
| 5Y Return (annualized) | +9.13% | +12.95%Best |
| Volatility (annualized) | 16.6% | 14.1%Best |
| Max Drawdown | -56.4% | -34.3%Best |
| $10,000 over 5 years | $15,478 | $18,384Best |
| Top 10 Weight | 11.8%Best | 36.4% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Sep 21, 2006 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 11, 2026 (16 years).
CVY 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.
CVY vs VOO Performance
Invesco Zacks Multi-Asset Income ETF (CVY) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year CVY returned +16.41% while VOO returned +17.58%. Year to date, CVY is up 15.49% versus a gain of 12.50% for VOO.
Over three years, CVY compounded at +14.86% per year against +21.27% for VOO; over five years the annualized figures are +9.13% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.41% annualized vs +4.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVY has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -56.4% for CVY 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVY charges 1.21% per year while VOO charges 0.03%. On a $10,000 position that is $121 vs $3 annually, a gap of $118 per year that compounds over a long holding period. On income, CVY currently yields 4.08% against 1.04% for VOO.
Holdings Overlap
18.2% of CVY's money is in holdings VOO also owns. 4.0% of VOO's money is in holdings CVY also owns.
CVY and VOO share little of their money.
26 positions in common, counted across the 150 positions we hold weights for in CVY and 505 in VOO, against full books of 151 and 509.
What only one of them owns
Our book lists 470 positions for VOO that do not appear in our book for CVY (95.4% of the fund), and 108 for CVY that do not appear in VOO (70.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVY | Weight in VOO | Difference |
|---|---|---|---|
| JPMJpmorgan Chase & Co. | 0.76% | 1.26% | 0.50% |
| BACBank Of America Corp. | 1.12% | 0.58% | 0.54% |
| WFCWells Fargo & Co. | 1.04% | 0.39% | 0.65% |
| BABoeing Co | 1.08% | 0.26% | 0.82% |
| COFCapital One Financial Corp. | 1.13% | 0.19% | 0.94% |
| ALLAllstate Corp. | 1.17% | 0.09% | 1.08% |
| ARESAres Management Corp Preferred Stock 10/27 6.75 | 1.12% | 0.04% | 1.08% |
| PLDPrologis Inc | 0.89% | 0.20% | 0.69% |
| SYFSynchrony Financial | 1.04% | 0.04% | 1.00% |
| HSTHost Hotels & Resorts Inc | 1.05% | 0.02% | 1.03% |
You are not choosing between two funds in isolation.
Whichever of CVY and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVY or VOO?
CVY has an expense ratio of 1.21% while VOO charges 0.03%. VOO is the cheaper option, by $118 a year on a $10,000 investment.
Which performed better, CVY or VOO?
Over the past year CVY returned +16.41% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), CVY annualized +4.44% vs +13.41% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVY or VOO?
CVY has been the more volatile fund at 16.6% annualized versus 14.1% for VOO. Worst drawdown: CVY -56.4% vs VOO -34.3%.
Should I hold both CVY and VOO?
CVY and VOO have a monthly-return correlation of 0.83, 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 CVY and VOO?
18.2% of CVY's money is in holdings VOO also owns. 4.0% of VOO's is in holdings CVY also owns. They hold 26 positions in common, counted across the 150 positions we hold weights for in CVY and 505 in VOO.
Which pays a higher dividend, CVY or VOO?
CVY yields 4.08% while VOO yields 1.04%, so CVY currently pays the higher dividend yield.
Is VOO better than CVY?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. CVY is less concentrated, with 11.8% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.