ICAP vs VOO
Infrastructure Capital Equity Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ICAP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.47% | 0.03% | |
| AUM | $118M | $979.0B | |
| Dividend Yield | 10.77% | 1.09% | |
| Holdings | 175 | 509 | |
| YTD Return | +11.19% | +13.72% | |
| 1Y Return | +20.87% | +21.63% | |
| 3Y Return (annualized) | +17.82% | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 19.5% | 14.1% | |
| Max Drawdown | -24.2% | -34.3% | |
| Fund Family | Infrastructure Capital Advisors, LLC | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 28, 2021 | Sep 7, 2010 |
ICAP vs VOO Performance
Infrastructure Capital Equity Income ETF (ICAP) is a ETF from Infrastructure Capital Advisors, LLC and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ICAP returned +20.87% while VOO returned +21.63%. Year to date, ICAP is up 11.19% versus a gain of 13.72% for VOO.
Over three years, ICAP compounded at +17.82% per year against +21.55% for VOO. Across the full 5-year window we track, VOO has the edge at +13.56% annualized vs +8.75%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ICAP has been the more volatile fund, with annualized monthly volatility of 19.5% 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 -24.2% for ICAP 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
ICAP charges 2.47% per year while VOO charges 0.03%. On a $10,000 position that is $247 vs $3 annually, a gap of $244 per year that compounds over a long holding period. On income, ICAP currently yields 10.77% against 1.09% for VOO.
Holdings Overlap
ICAP and VOO share 49 holdings out of 541 unique holdings combined, representing a 23.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ICAP or VOO?
ICAP has an expense ratio of 2.47% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $244 per year of difference.
Which performed better, ICAP or VOO?
Over the past year ICAP returned +20.87% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), ICAP annualized +8.75% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, ICAP or VOO?
ICAP has been the more volatile fund at 19.5% annualized versus 14.1% for VOO. Worst drawdown: ICAP -24.2% vs VOO -34.3%.
Should I hold both ICAP and VOO?
ICAP 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 ICAP and VOO?
ICAP and VOO share 49 common holdings with a 23.2% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, ICAP or VOO?
ICAP yields 10.77% while VOO yields 1.09%, so ICAP currently pays the higher dividend yield.
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