IWLG vs VOO
NYLIM Winslow Large Cap Growth ETF vs Vanguard S&P 500 ETF
Which is better, IWLG or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. IWLG led over the full window, VOO over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.93. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 53.1%.
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 | IWLG | VOO |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $314M | $997.4B |
| Dividend Yield | 0.00% | 1.04% |
| Holdings | 44 | 509 |
| YTD Return | +3.67% | +12.50%Best |
| 1Y Return | +5.43% | +17.58%Best |
| 3Y Return (annualized) | +20.56% | +21.27%Best |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 18.9% | 14.7%Best |
| Max Drawdown | -23.2% | -18.7%Best |
| $10,000 over 4.2 years | $22,215Best | $21,304 |
| Top 10 Weight | 53.1% | 36.4%Best |
| Fund Family | New York Life Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jun 22, 2022 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Jun 23, 2022 to Sep 11, 2026 (4.2 years).
IWLG 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 4.2 years both funds cover.
IWLG vs VOO Performance
NYLIM Winslow Large Cap Growth ETF (IWLG) is an ETF from New York Life Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year IWLG returned +5.43% while VOO returned +17.58%. Year to date, IWLG is up 3.67% versus a gain of 12.50% for VOO.
Over three years, IWLG compounded at +20.56% per year against +21.27% for VOO. Across the full 4-year window we track, IWLG has the edge at +20.93% annualized vs +19.73%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWLG has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 14.7% 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 -23.2% for IWLG 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWLG 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, IWLG currently yields 0.00% against 1.04% for VOO.
Holdings Overlap
88.1% of IWLG's money is in holdings VOO also owns. 42.5% of VOO's money is in holdings IWLG also owns.
Most of IWLG is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 49 days apart, IWLG as of Aug 18, 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.
34 positions in common, counted across the 42 positions we hold weights for in IWLG and 505 in VOO, against full books of 44 and 509.
What only one of them owns
Our book lists 462 positions for VOO that do not appear in our book for IWLG (56.9% of the fund), and 5 for IWLG that do not appear in VOO (5.7%).
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.
Top Shared Holdings
| Stock | Weight in IWLG | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 12.14% | 7.51% | 4.63% |
| GOOGAlphabet Inc | 10.93% | 2.59% | 8.34% |
| AAPLApple, Inc | 4.15% | 6.59% | 2.44% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.82% | 4.30% | 1.52% |
| AVGOBroadcom Inc | 4.81% | 2.77% | 2.04% |
| AMZNAmazon.Com Inc | 3.21% | 3.62% | 0.41% |
| LLYEli Lilly & Co. | 3.03% | 1.47% | 1.56% |
| METAMeta Platforms, Inc. | 2.46% | 1.92% | 0.54% |
| ANETArista Networks Inc Common Stock | 3.63% | 0.27% | 3.36% |
| VVisa Inc | 2.82% | 0.87% | 1.95% |
88.1% of IWLG 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, IWLG or VOO?
IWLG 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, IWLG or VOO?
Over the past year IWLG returned +5.43% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), IWLG annualized +20.93% vs +19.73% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWLG or VOO?
IWLG has been the more volatile fund at 18.9% annualized versus 14.7% for VOO. Worst drawdown: IWLG -23.2% vs VOO -18.7%.
Should I hold both IWLG and VOO?
IWLG and VOO have a monthly-return correlation of 0.93, 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 IWLG and VOO?
88.1% of IWLG's money is in holdings VOO also owns. 42.5% of VOO's is in holdings IWLG also owns. They hold 34 positions in common, counted across the 42 positions we hold weights for in IWLG and 505 in VOO.
Which pays a higher dividend, IWLG or VOO?
IWLG yields 0.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than IWLG?
VOO has a lower expense ratio. IWLG led over the full window, VOO over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.93. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 53.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.