GFLW vs VOO
VictoryShares Free Cash Flow Growth ETF vs Vanguard S&P 500 ETF
Which is better, GFLW or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. GFLW led over 1Y and the full window. GFLW is less concentrated, with 27.2% of the fund in its ten largest positions against 37.6%.
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 | GFLW | VOO |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $1.1B | $1.0T |
| Dividend Yield | 0.00% | 1.04% |
| Holdings | 102 | 506 |
| YTD Return | +19.68%Best | +12.75% |
| 1Y Return | +18.39%Best | +15.60% |
| 3Y Return (annualized) | - | +22.95% |
| 5Y Return (annualized) | - | +13.55% |
| Volatility (annualized) | 18.8% | 12.4%Best |
| Max Drawdown | -24.1% | -18.7%Best |
| $10,000 over 1.8 years | $13,329Best | $12,836 |
| Top 10 Weight | 27.2%Best | 37.6% |
| Fund Family | Victory Capital Management Inc. | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Dec 3, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 4, 2024 to Oct 1, 2026 (1.8 years).
GFLW 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 1.8 years both funds cover.
GFLW vs VOO Performance
VictoryShares Free Cash Flow Growth ETF (GFLW) is an ETF from Victory Capital Management Inc. and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year GFLW returned +18.39% while VOO returned +15.60%. Year to date, GFLW is up 19.68% versus a gain of 12.75% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GFLW has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 12.4% 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 -24.1% for GFLW and -18.7% 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GFLW 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, GFLW currently yields 0.00% against 1.04% for VOO.
Holdings Overlap
70.2% of GFLW's money is in holdings VOO also owns. 21.0% of VOO's money is in holdings GFLW also owns.
Most of GFLW is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 46 days apart, GFLW as of Sep 15, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
55 positions in common, counted across the 100 positions we hold weights for in GFLW and 494 in VOO, against full books of 102 and 506.
What only one of them owns
Our book lists 432 positions for VOO that do not appear in our book for GFLW (78.1% of the fund), and 43 for GFLW that do not appear in VOO (27.1%).
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 GFLW | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.93% | 7.55% | 3.62% |
| AVGOBroadcom Inc | 2.19% | 2.86% | 0.67% |
| DELLDell Technologies Inc | 3.80% | 0.18% | 3.62% |
| CATCaterpillar, Inc. | 3.02% | 0.58% | 2.44% |
| LLYEli Lilly & Co. | 2.17% | 1.41% | 0.76% |
| SNDKSandisk Corp/De | 3.17% | 0.28% | 2.89% |
| NEMNewmont Corp Common | 2.62% | 0.16% | 2.46% |
| LRCXLrcx Uw Equity | 2.21% | 0.57% | 1.64% |
| AMATApplied Materials, Inc. | 2.04% | 0.63% | 1.41% |
| GEVGe Vernova, Inc. | 2.03% | 0.41% | 1.62% |
70.2% of GFLW 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, GFLW or VOO?
GFLW has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, GFLW or VOO?
Over the past year GFLW returned +18.39% vs +15.60% for VOO, so GFLW leads on 1-year performance. Over the longest common window we track (2 years), GFLW annualized +17.31% vs +14.88% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GFLW or VOO?
GFLW has been the more volatile fund at 18.8% annualized versus 12.4% for VOO. Worst drawdown: GFLW -24.1% vs VOO -18.7%.
Should I hold both GFLW and VOO?
GFLW and VOO have a monthly-return correlation of 0.82, 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 GFLW and VOO?
70.2% of GFLW's money is in holdings VOO also owns. 21.0% of VOO's is in holdings GFLW also owns. They hold 55 positions in common, counted across the 100 positions we hold weights for in GFLW and 494 in VOO.
Which pays a higher dividend, GFLW or VOO?
GFLW yields 0.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than GFLW?
VOO has a lower expense ratio. GFLW led over 1Y and the full window. GFLW is less concentrated, with 27.2% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.