IUS vs VOO
Invesco RAFI Strategic US ETF vs Vanguard S&P 500 ETF
Which is better, IUS or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. IUS led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. IUS is less concentrated, with 26.2% of the fund in its ten largest positions against 37.6%.
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 | IUS | VOO |
|---|---|---|
| Expense Ratio | 0.19% | 0.03%Best |
| AUM | $981M | $997.4B |
| Dividend Yield | 1.21% | 1.04% |
| Holdings | 541 | 509 |
| YTD Return | +22.18%Best | +11.98% |
| 1Y Return | +28.94%Best | +16.45% |
| 3Y Return (annualized) | +21.69%Best | +21.19% |
| 5Y Return (annualized) | +15.27%Best | +12.95% |
| Volatility (annualized) | 16.6%Best | 16.9% |
| Max Drawdown | -35.2% | -34.3%Best |
| $10,000 over 5 years | $20,351Best | $18,384 |
| Top 10 Weight | 26.2%Best | 37.6% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 12, 2018 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 12, 2018 to Sep 14, 2026 (8 years).
IUS 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 8 years both funds cover.
IUS vs VOO Performance
Invesco RAFI Strategic US ETF (IUS) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year IUS returned +28.94% while VOO returned +16.45%. Year to date, IUS is up 22.18% versus a gain of 11.98% for VOO.
Over three years, IUS compounded at +21.69% per year against +21.19% for VOO; over five years the annualized figures are +15.27% and +12.95% respectively. Across the full 8-year window we track, IUS has the edge at +15.08% annualized vs +13.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 16.6% for IUS. 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 -35.2% for IUS 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IUS charges 0.19% per year while VOO charges 0.03%. On a $10,000 position that is $19 vs $3 annually, a gap of $16 per year that compounds over a long holding period. On income, IUS currently yields 1.21% against 1.04% for VOO.
Holdings Overlap
89.8% of IUS's money is in holdings VOO also owns. 83.1% of VOO's money is in holdings IUS also owns.
Most of IUS is already inside VOO. Owning both mostly buys the same companies twice.
352 positions in common, counted across the 501 positions we hold weights for in IUS and 494 in VOO, against full books of 541 and 509.
What only one of them owns
Our book lists 138 positions for VOO that do not appear in our book for IUS (16.2% of the fund), and 141 for IUS that do not appear in VOO (7.8%).
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 IUS | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 3.98% | 7.05% | 3.07% |
| NVDANvidia Corp | 2.11% | 7.55% | 5.44% |
| MSFTMicrosoft Corp | 3.98% | 5.36% | 1.38% |
| AMZNAmazon.Com Inc | 2.68% | 4.13% | 1.45% |
| GOOGLAlphabet Inc,class A | 3.45% | 3.24% | 0.21% |
| METAMeta Platforms Inc | 2.36% | 1.90% | 0.46% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.59% | 1.46% | 1.13% |
| AVGOBroadcom Inc | 0.73% | 2.86% | 2.13% |
| XOMExxon Mobil Corp. | 2.24% | 1.00% | 1.24% |
| CVXChevron Corp | 1.49% | 0.57% | 0.92% |
89.8% of IUS 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, IUS or VOO?
IUS has an expense ratio of 0.19% while VOO charges 0.03%. VOO is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, IUS or VOO?
Over the past year IUS returned +28.94% vs +16.45% for VOO, so IUS leads on 1-year performance. Over the longest common window we track (8 years), IUS annualized +15.08% vs +13.95% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IUS or VOO?
VOO has been the more volatile fund at 16.9% annualized versus 16.6% for IUS. Worst drawdown: IUS -35.2% vs VOO -34.3%.
Should I hold both IUS and VOO?
IUS and VOO have a monthly-return correlation of 0.94, 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 IUS and VOO?
89.8% of IUS's money is in holdings VOO also owns. 83.1% of VOO's is in holdings IUS also owns. They hold 352 positions in common, counted across the 501 positions we hold weights for in IUS and 494 in VOO.
Which pays a higher dividend, IUS or VOO?
IUS yields 1.21% while VOO yields 1.04%, so IUS currently pays the higher dividend yield.
Is VOO better than IUS?
VOO has a lower expense ratio. IUS led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. IUS is less concentrated, with 26.2% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.