LUMA vs VOO
KraneShares Photonic and Optical ETF vs Vanguard S&P 500 ETF
Which is better, LUMA or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 57.6%.
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 | LUMA | VOO |
|---|---|---|
| Expense Ratio | 1.00% | 0.03%Best |
| AUM | $2M | $997.4B |
| Dividend Yield | 0.00% | 1.08% |
| Holdings | 28 | 509 |
| YTD Return | +1.01% | +13.37%Best |
| 1Y Return | - | +20.08% |
| 3Y Return (annualized) | - | +21.29% |
| 5Y Return (annualized) | - | +12.89% |
| Top 10 Weight | 57.6% | 36.4%Best |
| Fund Family | KraneShares | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jul 15, 2026 | Sep 7, 2010 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
LUMA 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
LUMA vs VOO Performance
KraneShares Photonic and Optical ETF (LUMA) is an ETF from KraneShares and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Year to date, LUMA is up 1.01% versus a gain of 13.37% for VOO.
Past performance does not guarantee future results.
Fees and Cost Over Time
LUMA 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, LUMA currently yields 0.00% against 1.08% for VOO.
Holdings Overlap
22.6% of LUMA's money is in holdings VOO also owns. 1.0% of VOO's money is in holdings LUMA also owns.
LUMA and VOO share little of their money.
The two holdings books were reported 49 days apart, LUMA 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.
5 positions in common, counted across the 26 positions we hold weights for in LUMA and 505 in VOO, against full books of 28 and 509.
What only one of them owns
Our book lists 492 positions for VOO that do not appear in our book for LUMA (98.5% of the fund), and 8 for LUMA that do not appear in VOO (26.7%).
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.
22.6% of LUMA 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, LUMA or VOO?
LUMA 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.
What is the holdings overlap between LUMA and VOO?
22.6% of LUMA's money is in holdings VOO also owns. 1.0% of VOO's is in holdings LUMA also owns. They hold 5 positions in common, counted across the 26 positions we hold weights for in LUMA and 505 in VOO.
Which pays a higher dividend, LUMA or VOO?
LUMA yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
Is VOO better than LUMA?
VOO has a lower expense ratio. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 57.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.