LST vs VOO
Leuthold Select Industries ETF vs Vanguard S&P 500 ETF
Which is better, LST or VOO?
LST has been ahead.
VOO has a lower expense ratio. LST led over 1Y and the full window. LST is less concentrated, with 17.7% of the fund in its ten largest positions against 37.6%.
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 | LST | VOO |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $178M | $997.4B |
| Dividend Yield | 1.12% | 1.04% |
| Holdings | 122 | 509 |
| YTD Return | +18.38%Best | +14.14% |
| 1Y Return | +21.37%Best | +17.31% |
| 3Y Return (annualized) | - | +23.16% |
| 5Y Return (annualized) | - | +13.85% |
| Volatility (annualized) | 14.1% | 12.9%Best |
| Max Drawdown | -19.5% | -18.7%Best |
| $10,000 over 1.7 years | $13,882Best | $13,168 |
| Top 10 Weight | 17.7%Best | 37.6% |
| Fund Family | Leuthold Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 19, 2000 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 21, 2025 to Sep 21, 2026 (1.7 years).
LST 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 1.7 years both funds cover.
LST vs VOO Performance
Leuthold Select Industries ETF (LST) is an ETF from Leuthold Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year LST returned +21.37% while VOO returned +17.31%. Year to date, LST is up 18.38% versus a gain of 14.14% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LST has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.9% 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 -19.5% for LST 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LST charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, LST currently yields 1.12% against 1.04% for VOO.
Holdings Overlap
60.5% of LST's money is in holdings VOO also owns. 33.9% of VOO's money is in holdings LST also owns.
The two portfolios partly overlap.
58 positions in common, counted across the 117 positions we hold weights for in LST and 494 in VOO, against full books of 122 and 509.
What only one of them owns
Our book lists 430 positions for VOO that do not appear in our book for LST (65.3% of the fund), and 45 for LST that do not appear in VOO (28.0%).
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 LST | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.07% | 7.55% | 6.48% |
| MSFTMicrosoft Corp | 1.96% | 5.36% | 3.40% |
| GOOGLAlphabet Inc,class A | 2.03% | 3.24% | 1.21% |
| AVGOBroadcom Inc | 0.97% | 2.86% | 1.89% |
| METAMeta Platforms Inc | 1.49% | 1.90% | 0.41% |
| JPMJpmorgan Chase | 1.44% | 1.46% | 0.02% |
| AMDAdvanced Micro Devices, Inc | 1.61% | 1.21% | 0.40% |
| DELLDell Technologies Inc | 2.27% | 0.18% | 2.09% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.67% | 0.71% | 0.96% |
| JNJJohnson & Johnson - Common | 1.11% | 0.96% | 0.15% |
60.5% of LST 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, LST or VOO?
LST has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, LST or VOO?
Over the past year LST returned +21.37% vs +17.31% for VOO, so LST leads on 1-year performance. Over the longest common window we track (2 years), LST annualized +21.28% vs +17.57% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LST or VOO?
LST has been the more volatile fund at 14.1% annualized versus 12.9% for VOO. Worst drawdown: LST -19.5% vs VOO -18.7%.
Should I hold both LST and VOO?
LST and VOO have a monthly-return correlation of 0.86, 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 LST and VOO?
60.5% of LST's money is in holdings VOO also owns. 33.9% of VOO's is in holdings LST also owns. They hold 58 positions in common, counted across the 117 positions we hold weights for in LST and 494 in VOO.
Which pays a higher dividend, LST or VOO?
LST yields 1.12% while VOO yields 1.04%, so LST currently pays the higher dividend yield.
Is VOO better than LST?
VOO has a lower expense ratio. LST led over 1Y and the full window. LST is less concentrated, with 17.7% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.