LBO vs VOO
WHITEWOLF Publicly Listed Private Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | LBO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 6.71% | 0.03% | |
| AUM | $7M | $979.0B | |
| Dividend Yield | 6.68% | 1.09% | |
| Holdings | 44 | 509 | |
| YTD Return | -3.03% | +14.48% | |
| 1Y Return | -10.53% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 19.3% | 14.2% | |
| Max Drawdown | -32.9% | -34.3% | |
| Fund Family | White Wolf Capital Advisors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 30, 2023 | Sep 7, 2010 |
LBO vs VOO Performance
WHITEWOLF Publicly Listed Private Equity ETF (LBO) is a ETF from White Wolf Capital Advisors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year LBO returned -10.53% while VOO returned +22.02%. Year to date, LBO is down 3.03% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
LBO has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 14.2% 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 -32.9% for LBO and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LBO charges 6.71% per year while VOO charges 0.03%. On a $10,000 position that is $671 vs $3 annually, a gap of $668 per year that compounds over a long holding period. On income, LBO currently yields 6.68% against 1.09% for VOO.
Holdings Overlap
LBO and VOO share 5 holdings out of 543 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LBO or VOO?
LBO has an expense ratio of 6.71% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $668 per year of difference.
Which performed better, LBO or VOO?
Over the past year LBO returned -10.53% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), LBO annualized +4.28% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, LBO or VOO?
LBO has been the more volatile fund at 19.3% annualized versus 14.2% for VOO. Worst drawdown: LBO -32.9% vs VOO -34.3%.
Should I hold both LBO and VOO?
LBO and VOO have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LBO and VOO?
LBO and VOO share 5 common holdings with a 0.6% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, LBO or VOO?
LBO yields 6.68% while VOO yields 1.09%, so LBO currently pays the higher dividend yield.
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