INKM vs VOO
State Street Income Allocation ETF vs Vanguard S&P 500 ETF
Which is better, INKM or VOO?
Allocation/Balanced against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 86.5%.
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 | INKM | VOO |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $80M | $997.4B |
| Dividend Yield | 4.75% | 1.04% |
| Holdings | 16 | 509 |
| YTD Return | +6.15% | +12.23%Best |
| 1Y Return | +8.61% | +18.60%Best |
| 3Y Return (annualized) | +10.17% | +20.98%Best |
| 5Y Return (annualized) | +4.04% | +12.76%Best |
| Volatility (annualized) | 9.4%Best | 14.1% |
| Max Drawdown | -28.6%Best | -34.3% |
| $10,000 over 5 years | $12,190 | $18,230Best |
| Top 10 Weight | 86.5% | 36.4%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Apr 25, 2012 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Apr 26, 2012 to Sep 9, 2026 (14.4 years).
INKM 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
INKM vs VOO Performance
State Street Income Allocation ETF (INKM) is an ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year INKM returned +8.61% while VOO returned +18.60%. Year to date, INKM is up 6.15% versus a gain of 12.23% for VOO.
Over three years, INKM compounded at +10.17% per year against +20.98% for VOO; over five years the annualized figures are +4.04% and +12.76% respectively. Across the full 14-year window we track, VOO has the edge at +13.16% annualized vs +2.76%.
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 9.4% for INKM. 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 -28.6% for INKM 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
INKM charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, INKM currently yields 4.75% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 16 holdings in INKM and 505 in VOO, totalling 99.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 62 days apart, INKM as of Aug 31, 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.
0 positions in common, counted across the 16 positions we hold weights for in INKM and 505 in VOO, against full books of 16 and 509.
What only one of them owns
Our book lists 496 positions for VOO that do not appear in our book for INKM (99.5% of the fund), and 16 for INKM that do not appear in VOO (99.7%).
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 INKM 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, INKM or VOO?
INKM has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, INKM or VOO?
Over the past year INKM returned +8.61% vs +18.60% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (14 years), INKM annualized +2.76% vs +13.16% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INKM or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 9.4% for INKM. Worst drawdown: INKM -28.6% vs VOO -34.3%.
Should I hold both INKM and VOO?
INKM and VOO have a monthly-return correlation of 0.81, 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, INKM or VOO?
INKM yields 4.75% while VOO yields 1.04%, so INKM currently pays the higher dividend yield.
Is VOO better than INKM?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 86.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.