HECO vs VOO
State Street Galaxy Hedged Digital Asset Ecosystem ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. HECO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | HECO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.03% | |
| AUM | $78M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 55 | 509 | |
| YTD Return | +51.69% | +13.81% | |
| 1Y Return | +85.99% | +21.53% | |
| 3Y Return (annualized) | - | +21.46% | |
| 5Y Return (annualized) | - | +12.87% | |
| Volatility (annualized) | 49.2% | 14.1% | |
| Max Drawdown | -44.6% | -34.3% | |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 9, 2024 | Sep 7, 2010 |
HECO vs VOO Performance
State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) is a ETF from SPDR State Street Global Advisors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HECO returned +85.99% while VOO returned +21.53%. Year to date, HECO is up 51.69% versus a gain of 13.81% for VOO.
Risk: Volatility and Drawdowns
HECO has been the more volatile fund, with annualized monthly volatility of 49.2% 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 -44.6% for HECO 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HECO charges 0.90% per year while VOO charges 0.03%. On a $10,000 position that is $90 vs $3 annually, a gap of $87 per year that compounds over a long holding period. On income, HECO currently yields 0.00% against 1.08% for VOO.
Holdings Overlap
HECO and VOO share 17 holdings out of 519 unique holdings combined, representing a 18.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HECO or VOO?
HECO has an expense ratio of 0.90% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, HECO or VOO?
Over the past year HECO returned +85.99% vs +21.53% for VOO, so HECO leads on 1-year performance. Over the longest common window we track (2 years), HECO annualized +62.23% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, HECO or VOO?
HECO has been the more volatile fund at 49.2% annualized versus 14.1% for VOO. Worst drawdown: HECO -44.6% vs VOO -34.3%.
Should I hold both HECO and VOO?
HECO and VOO have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HECO and VOO?
HECO and VOO share 17 common holdings with a 18.3% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, HECO or VOO?
HECO yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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