INRO vs VOO
iShares US Industry Rotation Active ETF vs Vanguard S&P 500 ETF
Which is better, INRO or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. INRO led over 1Y, VOO over the full window. The two have moved almost in lockstep, correlation 0.98. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 38.2%.
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 | INRO | VOO |
|---|---|---|
| Expense Ratio | 0.42% | 0.03%Best |
| AUM | $36M | $997.4B |
| Dividend Yield | 0.59% | 1.04% |
| Holdings | 296 | 509 |
| YTD Return | +12.41%Best | +11.01% |
| 1Y Return | +16.17%Best | +15.60% |
| 3Y Return (annualized) | - | +20.82% |
| 5Y Return (annualized) | - | +12.60% |
| Volatility (annualized) | 13.3% | 12.3%Best |
| Max Drawdown | -20.0% | -18.7%Best |
| $10,000 over 2.5 years | $14,659 | $14,905Best |
| Top 10 Weight | 38.2% | 37.6%Best |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 26, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Mar 28, 2024 to Sep 16, 2026 (2.5 years).
INRO 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 2.5 years both funds cover.
INRO vs VOO Performance
iShares US Industry Rotation Active ETF (INRO) is an ETF from BlackRock, Inc. (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year INRO returned +16.17% while VOO returned +15.60%. Year to date, INRO is up 12.41% versus a gain of 11.01% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INRO has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 12.3% 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 -20.0% for INRO 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
INRO charges 0.42% per year while VOO charges 0.03%. On a $10,000 position that is $42 vs $3 annually, a gap of $39 per year that compounds over a long holding period. On income, INRO currently yields 0.59% against 1.04% for VOO.
Holdings Overlap
92.1% of INRO's money is in holdings VOO also owns. 81.7% of VOO's money is in holdings INRO also owns.
Most of INRO is already inside VOO. Owning both mostly buys the same companies twice.
209 positions in common, counted across the 295 positions we hold weights for in INRO and 494 in VOO, against full books of 296 and 509.
What only one of them owns
Our book lists 280 positions for VOO that do not appear in our book for INRO (17.6% of the fund), and 75 for INRO that do not appear in VOO (6.9%).
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 INRO | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.70% | 7.55% | 0.15% |
| AAPLApple, Inc | 7.90% | 7.05% | 0.85% |
| MSFTMicrosoft Corp | 5.81% | 5.36% | 0.45% |
| AMZNAmazon.Com Inc | 3.83% | 4.13% | 0.30% |
| GOOGLAlphabet Inc,class A | 2.93% | 3.24% | 0.31% |
| AVGOBroadcom Inc | 2.06% | 2.86% | 0.80% |
| GOOGAlphabet Inc | 2.22% | 2.62% | 0.40% |
| METAMeta Platforms Inc | 1.82% | 1.90% | 0.08% |
| JPMJpmorgan Chase | 2.21% | 1.46% | 0.75% |
| MUMicron Technology, Inc. | 1.68% | 1.44% | 0.24% |
92.1% of INRO 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, INRO or VOO?
INRO has an expense ratio of 0.42% while VOO charges 0.03%. VOO is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, INRO or VOO?
Over the past year INRO returned +16.17% vs +15.60% for VOO, so INRO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INRO or VOO?
INRO has been the more volatile fund at 13.3% annualized versus 12.3% for VOO. Worst drawdown: INRO -20.0% vs VOO -18.7%.
Should I hold both INRO and VOO?
INRO and VOO have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between INRO and VOO?
92.1% of INRO's money is in holdings VOO also owns. 81.7% of VOO's is in holdings INRO also owns. They hold 209 positions in common, counted across the 295 positions we hold weights for in INRO and 494 in VOO.
Which pays a higher dividend, INRO or VOO?
INRO yields 0.59% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than INRO?
VOO has a lower expense ratio. INRO led over 1Y, VOO over the full window. The two have moved almost in lockstep, correlation 0.98. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.