KLMN vs VOO
Invesco MSCI North America Climate ETF vs Vanguard S&P 500 ETF
Which is better, KLMN or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. KLMN led over 1Y and the full window. The two have moved almost in lockstep, correlation 1.00. KLMN is less concentrated, with 35.1% 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 | KLMN | VOO |
|---|---|---|
| Expense Ratio | 0.09% | 0.03%Best |
| AUM | $2.4B | $997.4B |
| Dividend Yield | 1.17% | 1.04% |
| Holdings | 277 | 509 |
| YTD Return | +12.35%Best | +11.98% |
| 1Y Return | +17.06%Best | +16.45% |
| 3Y Return (annualized) | - | +21.19% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 12.8% | 12.7%Best |
| Max Drawdown | -19.2% | -18.7%Best |
| $10,000 over 1.8 years | $12,887Best | $12,869 |
| Top 10 Weight | 35.1%Best | 37.6% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 11, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 11, 2024 to Sep 14, 2026 (1.8 years).
KLMN 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 1.8 years both funds cover.
KLMN vs VOO Performance
Invesco MSCI North America Climate ETF (KLMN) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year KLMN returned +17.06% while VOO returned +16.45%. Year to date, KLMN is up 12.35% versus a gain of 11.98% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KLMN has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.7% 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 -19.2% for KLMN 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
KLMN charges 0.09% per year while VOO charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, KLMN currently yields 1.17% against 1.04% for VOO.
Holdings Overlap
93.7% of KLMN's money is in holdings VOO also owns. 87.0% of VOO's money is in holdings KLMN also owns.
Most of KLMN is already inside VOO. Owning both mostly buys the same companies twice.
236 positions in common, counted across the 272 positions we hold weights for in KLMN and 494 in VOO, against full books of 277 and 509.
What only one of them owns
Our book lists 253 positions for VOO that do not appear in our book for KLMN (12.3% of the fund), and 13 for KLMN that do not appear in VOO (1.7%).
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 KLMN | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.31% | 7.55% | 0.24% |
| AAPLApple, Inc | 6.67% | 7.05% | 0.38% |
| MSFTMicrosoft Corp | 5.16% | 5.36% | 0.20% |
| AMZNAmazon.Com Inc | 3.60% | 4.13% | 0.53% |
| GOOGLAlphabet Inc,class A | 3.14% | 3.24% | 0.10% |
| AVGOBroadcom Inc | 2.39% | 2.86% | 0.47% |
| GOOGAlphabet Inc | 1.91% | 2.62% | 0.71% |
| METAMeta Platforms Inc | 1.82% | 1.90% | 0.08% |
| MUMicron Technology, Inc. | 1.58% | 1.44% | 0.14% |
| JPMJpmorgan Chase | 1.40% | 1.46% | 0.06% |
93.7% of KLMN 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, KLMN or VOO?
KLMN has an expense ratio of 0.09% while VOO charges 0.03%. VOO is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, KLMN or VOO?
Over the past year KLMN returned +17.06% vs +16.45% for VOO, so KLMN leads on 1-year performance. Over the longest common window we track (2 years), KLMN annualized +15.13% vs +15.04% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KLMN or VOO?
KLMN has been the more volatile fund at 12.8% annualized versus 12.7% for VOO. Worst drawdown: KLMN -19.2% vs VOO -18.7%.
Should I hold both KLMN and VOO?
KLMN and VOO have a monthly-return correlation of 1.00, 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 KLMN and VOO?
93.7% of KLMN's money is in holdings VOO also owns. 87.0% of VOO's is in holdings KLMN also owns. They hold 236 positions in common, counted across the 272 positions we hold weights for in KLMN and 494 in VOO.
Which pays a higher dividend, KLMN or VOO?
KLMN yields 1.17% while VOO yields 1.04%, so KLMN currently pays the higher dividend yield.
Is VOO better than KLMN?
VOO has a lower expense ratio. KLMN led over 1Y and the full window. The two have moved almost in lockstep, correlation 1.00. KLMN is less concentrated, with 35.1% 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.