HFXI vs VOO
NYLIM FTSE International Equity Currency Neutral ETF vs Vanguard S&P 500 ETF
Which is better, HFXI or VOO?
Each has led over a different period.
VOO has a lower expense ratio. HFXI led over 1Y, VOO over 3Y, 5Y and the full window. HFXI is less concentrated, with 16.3% of the fund in its ten largest positions against 36.4%.
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 | HFXI | VOO |
|---|---|---|
| Expense Ratio | 0.20% | 0.03%Best |
| AUM | $2.2B | $997.4B |
| Dividend Yield | 3.27% | 1.04% |
| Holdings | 946 | 509 |
| YTD Return | +16.10%Best | +12.50% |
| 1Y Return | +26.40%Best | +17.58% |
| 3Y Return (annualized) | +20.51% | +21.27%Best |
| 5Y Return (annualized) | +11.78% | +12.95%Best |
| Volatility (annualized) | 13.8%Best | 15.2% |
| Max Drawdown | -34.2%Best | -34.3% |
| $10,000 over 5 years | $17,451 | $18,384Best |
| Top 10 Weight | 16.3%Best | 36.4% |
| Fund Family | New York Life Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 22, 2015 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jul 22, 2015 to Sep 11, 2026 (11.1 years).
HFXI 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 11.1 years both funds cover.
HFXI vs VOO Performance
NYLIM FTSE International Equity Currency Neutral ETF (HFXI) is an ETF from New York Life Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year HFXI returned +26.40% while VOO returned +17.58%. Year to date, HFXI is up 16.10% versus a gain of 12.50% for VOO.
Over three years, HFXI compounded at +20.51% per year against +21.27% for VOO; over five years the annualized figures are +11.78% and +12.95% respectively. Across the full 11-year window we track, VOO has the edge at +13.04% annualized vs +7.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 13.8% for HFXI. 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 -34.2% for HFXI and -34.3% 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HFXI charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, HFXI currently yields 3.27% against 1.04% for VOO.
Holdings Overlap
0.4% of HFXI's money is in holdings VOO also owns. 0.1% of VOO's money is in holdings HFXI also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 742 positions we hold weights for in HFXI and 505 in VOO, against full books of 946 and 509.
What only one of them owns
Our book lists 495 positions for VOO that do not appear in our book for HFXI (99.4% of the fund), and 22 for HFXI that do not appear in VOO (7.8%).
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.
You are not choosing between two funds in isolation.
Whichever of HFXI and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HFXI or VOO?
HFXI has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, HFXI or VOO?
Over the past year HFXI returned +26.40% vs +17.58% for VOO, so HFXI leads on 1-year performance. Over the longest common window we track (11 years), HFXI annualized +7.78% vs +13.04% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HFXI or VOO?
VOO has been the more volatile fund at 15.2% annualized versus 13.8% for HFXI. Worst drawdown: HFXI -34.2% vs VOO -34.3%.
Should I hold both HFXI and VOO?
HFXI and VOO have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HFXI or VOO?
HFXI yields 3.27% while VOO yields 1.04%, so HFXI currently pays the higher dividend yield.
Is VOO better than HFXI?
VOO has a lower expense ratio. HFXI led over 1Y, VOO over 3Y, 5Y and the full window. HFXI is less concentrated, with 16.3% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.