FRWD vs VOO

FRWD vs VOO
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Quick Verdict

VOO has a lower expense ratio. VOO offers more diversification with 509 holdings.

Lower Fees: VOOHigher Returns: TiedMore Diversified: VOO

Side-by-Side Comparison

MetricFRWDVOOWinner
Expense Ratio0.65%0.03%
AUM$288M$997.4B
Dividend Yield0.00%1.08%
Holdings27509
YTD Return+28.71%+12.25%
1Y Return-+20.92%
3Y Return (annualized)-+21.79%
5Y Return (annualized)-+13.05%
Volatility (annualized)-14.1%
Max Drawdown-18.5%-34.3%
Fund FamilyNomura Asset Management Co LtdVanguard (US)
CategoryEquityEquity
InceptionJan 13, 2026Sep 7, 2010

FRWD vs VOO Performance

Nomura Transformational Technologies ETF (FRWD) is a ETF from Nomura Asset Management Co Ltd and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Year to date, FRWD is up 28.71% versus a gain of 12.25% for VOO.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -18.5% for FRWD and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

FRWD 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, FRWD currently yields 0.00% against 1.08% for VOO.

Holdings Overlap

26.0%overlap

FRWD and VOO share 15 holdings out of 516 unique holdings combined, representing a 26.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in FRWDWeight in VOODifference
NVDA8.99%7.51%1.48%
AMD6.30%1.47%4.83%
MSFT3.26%4.30%1.04%
AVGOProProPro
GOOGLProProPro
AMZNProProPro
LRCXProProPro
MUProProPro
NFLXProProPro
WDCProProPro
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Frequently Asked Questions

Which is cheaper, FRWD or VOO?

FRWD has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.

What is the holdings overlap between FRWD and VOO?

FRWD and VOO share 15 common holdings with a 26.0% weight overlap. Combined, they hold 516 unique securities.

Which pays a higher dividend, FRWD or VOO?

FRWD yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.

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