LTAX vs VOO
Nomura Tax-Free USA ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | LTAX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $6M | $997.4B | |
| Dividend Yield | 2.02% | 1.08% | |
| Holdings | 85 | 509 | |
| YTD Return | +0.03% | +12.87% | |
| 1Y Return | - | +21.15% | |
| 3Y Return (annualized) | - | +20.93% | |
| 5Y Return (annualized) | - | +12.76% | |
| Volatility (annualized) | - | 14.1% | |
| Max Drawdown | -3.2% | -34.3% | |
| Fund Family | Nomura Asset Management Co Ltd | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jan 12, 2026 | Sep 7, 2010 |
LTAX vs VOO Performance
Nomura Tax-Free USA ETF (LTAX) is a ETF from Nomura Asset Management Co Ltd and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Year to date, LTAX is up 0.03% versus a gain of 12.87% for VOO.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.2% for LTAX and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
LTAX charges 0.39% per year while VOO charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, LTAX currently yields 2.02% against 1.08% for VOO.
Holdings Overlap
LTAX and VOO share 0 holdings out of 543 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LTAX or VOO?
LTAX has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
What is the holdings overlap between LTAX and VOO?
LTAX and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, LTAX or VOO?
LTAX yields 2.02% while VOO yields 1.08%, so LTAX currently pays the higher dividend yield.
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