IIGD vs VOO
Invesco Investment Grade Defensive 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 | IIGD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.13% | 0.03% | |
| AUM | $27M | $979.0B | |
| Dividend Yield | 4.26% | 1.09% | |
| Holdings | 167 | 509 | |
| YTD Return | +0.44% | +13.44% | |
| 1Y Return | +2.64% | +22.62% | |
| 3Y Return (annualized) | +5.30% | +21.47% | |
| 5Y Return (annualized) | +1.65% | +13.27% | |
| Volatility (annualized) | 3.7% | 14.1% | |
| Max Drawdown | -13.1% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 25, 2018 | Sep 7, 2010 |
IIGD vs VOO Performance
Invesco Investment Grade Defensive ETF (IIGD) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IIGD returned +2.64% while VOO returned +22.62%. Year to date, IIGD is up 0.44% versus a gain of 13.44% for VOO.
Over three years, IIGD compounded at +5.30% per year against +21.47% for VOO; over five years the annualized figures are +1.65% and +13.27% respectively. Across the full 8-year window we track, VOO has the edge at +13.55% annualized vs +1.89%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.7% for IIGD. 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 -13.1% for IIGD 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IIGD charges 0.13% per year while VOO charges 0.03%. On a $10,000 position that is $13 vs $3 annually, a gap of $10 per year that compounds over a long holding period. On income, IIGD currently yields 4.26% against 1.09% for VOO.
Holdings Overlap
IIGD and VOO share 0 holdings out of 656 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IIGD or VOO?
IIGD has an expense ratio of 0.13% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, IIGD or VOO?
Over the past year IIGD returned +2.64% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), IIGD annualized +1.89% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, IIGD or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.7% for IIGD. Worst drawdown: IIGD -13.1% vs VOO -34.3%.
Should I hold both IIGD and VOO?
IIGD and VOO have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IIGD and VOO?
IIGD and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 656 unique securities.
Which pays a higher dividend, IIGD or VOO?
IIGD yields 4.26% while VOO yields 1.09%, so IIGD currently pays the higher dividend yield.
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