LGRO vs VOO
Level Four Large Cap Growth Active ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. LGRO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | LGRO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $135M | $979.0B | |
| Dividend Yield | 0.36% | 1.09% | |
| Holdings | 49 | 509 | |
| YTD Return | +17.09% | +14.48% | |
| 1Y Return | +25.31% | +22.02% | |
| 3Y Return (annualized) | +24.56% | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 17.1% | 14.2% | |
| Max Drawdown | -23.3% | -34.3% | |
| Fund Family | ALPS Advisors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 22, 2023 | Sep 7, 2010 |
LGRO vs VOO Performance
Level Four Large Cap Growth Active ETF (LGRO) is a ETF from ALPS Advisors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year LGRO returned +25.31% while VOO returned +22.02%. Year to date, LGRO is up 17.09% versus a gain of 14.48% for VOO.
Over three years, LGRO compounded at +24.56% per year against +21.80% for VOO. Across the full 3-year window we track, LGRO has the edge at +24.56% annualized vs +13.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LGRO has been the more volatile fund, with annualized monthly volatility of 17.1% 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 -23.3% for LGRO 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 0.94. 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 0.36% against 1.09% for VOO.
Holdings Overlap
LGRO and VOO share 37 holdings out of 516 unique holdings combined, representing a 36.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $47 per year of difference.
Which performed better, LGRO or VOO?
Over the past year LGRO returned +25.31% vs +22.02% for VOO, so LGRO leads on 1-year performance. Over the longest common window we track (3 years), LGRO annualized +24.56% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, LGRO or VOO?
LGRO has been the more volatile fund at 17.1% annualized versus 14.2% for VOO. Worst drawdown: LGRO -23.3% vs VOO -34.3%.
Should I hold both LGRO and VOO?
LGRO and VOO have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between LGRO and VOO?
LGRO and VOO share 37 common holdings with a 36.5% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, LGRO or VOO?
LGRO yields 0.36% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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