IMF vs VOO
Invesco Managed Futures Strategy 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 509 holdings.
Side-by-Side Comparison
| Metric | IMF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $317M | $997.4B | |
| Dividend Yield | 0.90% | 1.08% | |
| Holdings | 79 | 509 | |
| YTD Return | +13.65% | +14.27% | |
| 1Y Return | +20.28% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 12.1% | 14.2% | |
| Max Drawdown | -15.1% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 19, 2025 | Sep 7, 2010 |
IMF vs VOO Performance
Invesco Managed Futures Strategy ETF (IMF) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IMF returned +20.28% while VOO returned +21.79%. Year to date, IMF is up 13.65% versus a gain of 14.27% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 12.1% for IMF. 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 -15.1% for IMF 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IMF charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, IMF currently yields 0.90% against 1.08% for VOO.
Holdings Overlap
IMF and VOO share 0 holdings out of 506 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, IMF or VOO?
IMF has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, IMF or VOO?
Over the past year IMF returned +20.28% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), IMF annualized +3.10% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, IMF or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 12.1% for IMF. Worst drawdown: IMF -15.1% vs VOO -34.3%.
Should I hold both IMF and VOO?
IMF and VOO have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IMF and VOO?
IMF and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IMF or VOO?
IMF yields 0.90% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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