GBLD vs VOO
Invesco MSCI Green Building ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | GBLD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $6M | $997.4B | |
| Dividend Yield | 3.21% | 1.08% | |
| Holdings | 114 | 509 | |
| YTD Return | +4.28% | +13.20% | |
| 1Y Return | +18.62% | +21.62% | |
| 3Y Return (annualized) | +5.47% | +22.16% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 17.7% | 14.1% | |
| Max Drawdown | -39.7% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 22, 2021 | Sep 7, 2010 |
GBLD vs VOO Performance
Invesco MSCI Green Building ETF (GBLD) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GBLD returned +18.62% while VOO returned +21.62%. Year to date, GBLD is up 4.28% versus a gain of 13.20% for VOO.
Over three years, GBLD compounded at +5.47% per year against +22.16% for VOO. Across the full 5-year window we track, VOO has the edge at +13.51% annualized vs -1.90%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GBLD has been the more volatile fund, with annualized monthly volatility of 17.7% 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 -39.7% for GBLD 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GBLD charges 0.39% per year while VOO charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, GBLD currently yields 3.21% against 1.08% for VOO.
Holdings Overlap
GBLD and VOO share 1 holdings out of 606 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GBLD | Weight in VOO | Difference |
|---|---|---|---|
| BXP | 4.02% | 0.02% | 4.00% |
Frequently Asked Questions
Which is cheaper, GBLD or VOO?
GBLD has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, GBLD or VOO?
Over the past year GBLD returned +18.62% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), GBLD annualized -1.90% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, GBLD or VOO?
GBLD has been the more volatile fund at 17.7% annualized versus 14.1% for VOO. Worst drawdown: GBLD -39.7% vs VOO -34.3%.
Should I hold both GBLD and VOO?
GBLD and VOO have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GBLD and VOO?
GBLD and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, GBLD or VOO?
GBLD yields 3.21% while VOO yields 1.08%, so GBLD currently pays the higher dividend yield.
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