LPRE vs VOO
Long Pond Real Estate Select ETF vs Vanguard S&P 500 ETF
Which is better, LPRE or VOO?
VOO has been ahead.
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 61.5%.
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 | LPRE | VOO |
|---|---|---|
| Expense Ratio | 1.00% | 0.03%Best |
| AUM | $181M | $997.4B |
| Dividend Yield | 1.11% | 1.08% |
| Holdings | 26 | 509 |
| YTD Return | +7.83% | +12.74%Best |
| 1Y Return | +8.00% | +19.43%Best |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.76% |
| Volatility (annualized) | 13.2% | 12.2%Best |
| Max Drawdown | -10.6% | -8.9%Best |
| $10,000 over 1.4 years | $12,446 | $15,217Best |
| Top 10 Weight | 61.5% | 36.4%Best |
| Fund Family | Long Pond Capital | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2025 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Apr 4, 2025 to Sep 8, 2026 (1.4 years).
LPRE 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 1.4 years both funds cover.
LPRE vs VOO Performance
Long Pond Real Estate Select ETF (LPRE) is an ETF from Long Pond Capital and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year LPRE returned +8.00% while VOO returned +19.43%. Year to date, LPRE is up 7.83% versus a gain of 12.74% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LPRE has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 12.2% 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 -10.6% for LPRE and -8.9% 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 0.61. They move together some of the time, and apart the rest.
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
46.3% of LPRE's money is in holdings VOO also owns. 0.8% of VOO's money is in holdings LPRE also owns.
The two portfolios partly overlap.
The two holdings books were reported 49 days apart, LPRE as of Aug 18, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
11 positions in common, counted across the 23 positions we hold weights for in LPRE and 504 in VOO, against full books of 26 and 509.
What only one of them owns
Our book lists 483 positions for VOO that do not appear in our book for LPRE (98.5% of the fund), and 9 for LPRE that do not appear in VOO (41.7%).
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 LPRE | Weight in VOO | Difference |
|---|---|---|---|
| SBACSba Communications Corp. | 7.46% | 0.03% | 7.43% |
| DHID.r. Horton, Inc. | 6.75% | 0.07% | 6.68% |
| UDRUdr Inc (udr Un) | 6.49% | 0.02% | 6.47% |
| MAAMid-america Apartment Communities Inc. | 6.21% | 0.03% | 6.18% |
| INVHInvitation Homes Inc | 3.97% | 0.03% | 3.94% |
| HLTHilton Worldwide Holdings, Inc. | 3.37% | 0.12% | 3.25% |
| PLDPrologis Inc | 3.09% | 0.20% | 2.89% |
| WYNNWynn Resorts Ltd. | 3.09% | 0.01% | 3.08% |
| CPTCamden Property Trust Common Stock | 2.94% | 0.02% | 2.92% |
| EQIXEquinix Inc - Common | 1.56% | 0.16% | 1.40% |
46.3% of LPRE 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, LPRE or VOO?
LPRE has an expense ratio of 1.00% while VOO charges 0.03%. VOO is the cheaper option, by $97 a year on a $10,000 investment.
Which performed better, LPRE or VOO?
Over the past year LPRE returned +8.00% vs +19.43% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), LPRE annualized +16.92% vs +34.97% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LPRE or VOO?
LPRE has been the more volatile fund at 13.2% annualized versus 12.2% for VOO. Worst drawdown: LPRE -10.6% vs VOO -8.9%.
Should I hold both LPRE and VOO?
LPRE and VOO have a monthly-return correlation of 0.61, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between LPRE and VOO?
46.3% of LPRE's money is in holdings VOO also owns. 0.8% of VOO's is in holdings LPRE also owns. They hold 11 positions in common, counted across the 23 positions we hold weights for in LPRE and 504 in VOO.
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.
Is VOO better than LPRE?
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 61.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.