LGRO vs VOO
Level Four Large Cap Growth Active ETF vs Vanguard S&P 500 ETF
Which is better, LGRO or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. LGRO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 42.9%.
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 | LGRO | VOO |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $140M | $997.4B |
| Dividend Yield | 0.33% | 1.04% |
| Holdings | 49 | 509 |
| YTD Return | +14.98%Best | +13.31% |
| 1Y Return | +17.60%Best | +17.07% |
| 3Y Return (annualized) | +24.80%Best | +22.72% |
| 5Y Return (annualized) | - | +13.19% |
| Volatility (annualized) | 16.8% | 12.8%Best |
| Max Drawdown | -23.3% | -18.7%Best |
| $10,000 over 3.1 years | $18,921Best | $18,135 |
| Top 10 Weight | 42.9% | 37.6%Best |
| Fund Family | ALPS Advisors | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Aug 22, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 23, 2023 to Sep 23, 2026 (3.1 years).
LGRO 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 3.1 years both funds cover.
LGRO vs VOO Performance
Level Four Large Cap Growth Active ETF (LGRO) is an ETF from ALPS Advisors and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year LGRO returned +17.60% while VOO returned +17.07%. Year to date, LGRO is up 14.98% versus a gain of 13.31% for VOO.
Over three years, LGRO compounded at +24.80% per year against +22.72% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LGRO has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 12.8% 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 -23.3% for LGRO 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
LGRO 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, LGRO currently yields 0.33% against 1.04% for VOO.
Holdings Overlap
77.5% of LGRO's money is in holdings VOO also owns. 42.6% of VOO's money is in holdings LGRO also owns.
Most of LGRO is already inside VOO. Owning both mostly buys the same companies twice.
38 positions in common, counted across the 48 positions we hold weights for in LGRO and 494 in VOO, against full books of 49 and 509.
What only one of them owns
Measured across the 48 and 494 positions we hold weights for.
VOO holds 449 positions LGRO does not, 56.6% of the fund.
Largest: GOOG 2.62%, JPM 1.46%, BRK.B 1.46%, LLY 1.41%, TSLA 1.36%
Top Shared Holdings
| Stock | Weight in LGRO | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.55% | 7.05% | 0.50% |
| MSFTMicrosoft Corp | 7.20% | 5.36% | 1.84% |
| NVDANvidia Corp | 4.16% | 7.55% | 3.39% |
| AMZNAmazon.Com Inc | 4.57% | 4.13% | 0.44% |
| GOOGLAlphabet Inc,class A | 4.31% | 3.24% | 1.07% |
| AVGOBroadcom Inc | 1.82% | 2.86% | 1.04% |
| METAMeta Platforms Inc | 2.09% | 1.90% | 0.19% |
| UNHUnitedhealth Group Incorporated | 3.28% | 0.58% | 2.70% |
| MUMicron Technology, Inc. | 2.41% | 1.44% | 0.97% |
| PYPLPaypay Holdings, Inc. | 3.19% | 0.07% | 3.12% |
77.5% of LGRO 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, LGRO or VOO?
LGRO 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, LGRO or VOO?
Over the past year LGRO returned +17.60% vs +17.07% for VOO, so LGRO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LGRO or VOO?
LGRO has been the more volatile fund at 16.8% annualized versus 12.8% for VOO. Worst drawdown: LGRO -23.3% vs VOO -18.7%.
Should I hold both LGRO and VOO?
LGRO 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 LGRO and VOO?
77.5% of LGRO's money is in holdings VOO also owns. 42.6% of VOO's is in holdings LGRO also owns. They hold 38 positions in common, counted across the 48 positions we hold weights for in LGRO and 494 in VOO.
Which pays a higher dividend, LGRO or VOO?
LGRO yields 0.33% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than LGRO?
VOO has a lower expense ratio. LGRO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 42.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.