GGZ vs VOO
Gabelli Global Small and Mid Cap Value Trust vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. GGZ delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | GGZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 3.00% | 0.03% | |
| AUM | $169M | $997.4B | |
| Dividend Yield | 4.34% | 1.08% | |
| Holdings | 312 | 509 | |
| YTD Return | +13.36% | +12.68% | |
| 1Y Return | +24.80% | +21.87% | |
| 3Y Return (annualized) | +19.25% | +22.06% | |
| 5Y Return (annualized) | +6.86% | +12.95% | |
| Volatility (annualized) | 21.3% | 14.1% | |
| Max Drawdown | -59.0% | -34.3% | |
| Fund Family | Gabelli Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2014 | Sep 7, 2010 |
GGZ vs VOO Performance
Gabelli Global Small and Mid Cap Value Trust (GGZ) is a ETF from Gabelli Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GGZ returned +24.80% while VOO returned +21.87%. Year to date, GGZ is up 13.36% versus a gain of 12.68% for VOO.
Over three years, GGZ compounded at +19.25% per year against +22.06% for VOO; over five years the annualized figures are +6.86% and +12.95% respectively. Across the full 12-year window we track, VOO has the edge at +13.47% annualized vs +5.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGZ has been the more volatile fund, with annualized monthly volatility of 21.3% 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 -59.0% for GGZ 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GGZ charges 3.00% per year while VOO charges 0.03%. On a $10,000 position that is $300 vs $3 annually, a gap of $297 per year that compounds over a long holding period. On income, GGZ currently yields 4.34% against 1.08% for VOO.
Holdings Overlap
GGZ and VOO share 17 holdings out of 788 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GGZ or VOO?
GGZ has an expense ratio of 3.00% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $297 per year of difference.
Which performed better, GGZ or VOO?
Over the past year GGZ returned +24.80% vs +21.87% for VOO, so GGZ leads on 1-year performance. Over the longest common window we track (12 years), GGZ annualized +5.35% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, GGZ or VOO?
GGZ has been the more volatile fund at 21.3% annualized versus 14.1% for VOO. Worst drawdown: GGZ -59.0% vs VOO -34.3%.
Should I hold both GGZ and VOO?
GGZ and VOO have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGZ and VOO?
GGZ and VOO share 17 common holdings with a 0.7% weight overlap. Combined, they hold 788 unique securities.
Which pays a higher dividend, GGZ or VOO?
GGZ yields 4.34% while VOO yields 1.08%, so GGZ currently pays the higher dividend yield.
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