LPRE vs VOO
Long Pond Real Estate Select 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 | LPRE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.03% | |
| AUM | $179M | $997.4B | |
| Dividend Yield | 1.11% | 1.08% | |
| Holdings | 26 | 509 | |
| YTD Return | +11.34% | +12.95% | |
| 1Y Return | +14.63% | +20.69% | |
| 3Y Return (annualized) | - | +22.09% | |
| 5Y Return (annualized) | - | +13.40% | |
| Volatility (annualized) | 13.2% | 14.1% | |
| Max Drawdown | -10.6% | -34.3% | |
| Fund Family | Long Pond Capital | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 4, 2025 | Sep 7, 2010 |
LPRE vs VOO Performance
Long Pond Real Estate Select ETF (LPRE) is a ETF from Long Pond Capital and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year LPRE returned +14.63% while VOO returned +20.69%. Year to date, LPRE is up 11.34% versus a gain of 12.95% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.2% for LPRE. 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 -10.6% for LPRE 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LPRE charges 1.00% per year while VOO charges 0.03%. On a $10,000 position that is $100 vs $3 annually, a gap of $97 per year that compounds over a long holding period. On income, LPRE currently yields 1.11% against 1.08% for VOO.
Holdings Overlap
LPRE and VOO share 14 holdings out of 516 unique holdings combined, representing a 1.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LPRE or VOO?
LPRE has an expense ratio of 1.00% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, LPRE or VOO?
Over the past year LPRE returned +14.63% vs +20.69% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), LPRE annualized +20.46% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, LPRE or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.2% for LPRE. Worst drawdown: LPRE -10.6% vs VOO -34.3%.
Should I hold both LPRE and VOO?
LPRE and VOO have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LPRE and VOO?
LPRE and VOO share 14 common holdings with a 1.0% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, LPRE or VOO?
LPRE yields 1.11% while VOO yields 1.08%, so LPRE currently pays the higher dividend yield.
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