HVAC vs VOO
AdvisorShares HVAC and Industrials ETF vs Vanguard S&P 500 ETF
Which is better, HVAC or VOO?
Mid Cap Value against Large Cap Blend.
VOO has a lower expense ratio. HVAC led over the full window, VOO over 1Y. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 57.9%.
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 | HVAC | VOO |
|---|---|---|
| Expense Ratio | 1.00% | 0.03%Best |
| AUM | $14M | $997.4B |
| Dividend Yield | 0.17% | 1.04% |
| Holdings | 22 | 509 |
| YTD Return | +3.76% | +11.55%Best |
| 1Y Return | +9.31% | +17.54%Best |
| 3Y Return (annualized) | - | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 28.6% | 13.2%Best |
| Max Drawdown | -24.7% | -18.7%Best |
| $10,000 over 1.6 years | $13,319Best | $12,829 |
| Top 10 Weight | 57.9% | 36.4%Best |
| Fund Family | AdvisorShares Trust | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Feb 3, 2025 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 4, 2025 to Sep 10, 2026 (1.6 years).
HVAC 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 1.6 years both funds cover.
HVAC vs VOO Performance
AdvisorShares HVAC and Industrials ETF (HVAC) is an ETF from AdvisorShares Trust and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year HVAC returned +9.31% while VOO returned +17.54%. Year to date, HVAC is up 3.76% versus a gain of 11.55% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HVAC has been the more volatile fund, with annualized monthly volatility of 28.6% compared with 13.2% 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 -24.7% for HVAC 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 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HVAC charges 1.00% per year while VOO charges 0.03%. On a $10,000 position that is $100 vs $3 annually, a gap of $97 per year that compounds over a long holding period. On income, HVAC currently yields 0.17% against 1.04% for VOO.
Holdings Overlap
61.0% of HVAC's money is in holdings VOO also owns. 1.9% of VOO's money is in holdings HVAC also owns.
The two portfolios partly overlap.
The two holdings books were reported 49 days apart, HVAC as of Aug 18, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
12 positions in common, counted across the 21 positions we hold weights for in HVAC and 505 in VOO, against full books of 22 and 509.
What only one of them owns
Our book lists 484 positions for VOO that do not appear in our book for HVAC (97.5% of the fund), and 7 for HVAC that do not appear in VOO (28.8%).
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.
Top Shared Holdings
| Stock | Weight in HVAC | Weight in VOO | Difference |
|---|---|---|---|
| FIXComfort Systems USA Inc. | 7.41% | 0.11% | 7.30% |
| JBLJabil, Inc. | 6.17% | 0.06% | 6.11% |
| APHAmphenol Corp. Class A | 5.83% | 0.34% | 5.49% |
| MMM3m Co. | 5.68% | 0.13% | 5.55% |
| VRTVertiv Group Corp | 5.60% | 0.20% | 5.40% |
| AMEAmetek Inc. | 5.51% | 0.09% | 5.42% |
| PWRQuanta Services, Inc. | 5.23% | 0.17% | 5.06% |
| GEVGE Vernova, LLC | 4.69% | 0.49% | 4.20% |
| CARRCarrier Global Corporation | 4.11% | 0.09% | 4.02% |
| TTTrane Technologies Plc Common Stock | 3.76% | 0.17% | 3.59% |
61.0% of HVAC 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, HVAC or VOO?
HVAC has an expense ratio of 1.00% while VOO charges 0.03%. VOO is the cheaper option, by $97 a year on a $10,000 investment.
Which performed better, HVAC or VOO?
Over the past year HVAC returned +9.31% vs +17.54% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), HVAC annualized +19.62% vs +16.85% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HVAC or VOO?
HVAC has been the more volatile fund at 28.6% annualized versus 13.2% for VOO. Worst drawdown: HVAC -24.7% vs VOO -18.7%.
Should I hold both HVAC and VOO?
HVAC and VOO have a monthly-return correlation of 0.59, 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 HVAC and VOO?
61.0% of HVAC's money is in holdings VOO also owns. 1.9% of VOO's is in holdings HVAC also owns. They hold 12 positions in common, counted across the 21 positions we hold weights for in HVAC and 505 in VOO.
Which pays a higher dividend, HVAC or VOO?
HVAC yields 0.17% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than HVAC?
VOO has a lower expense ratio. HVAC led over the full window, VOO over 1Y. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 57.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.