MAGG vs VOO
Madison Aggregate Bond 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 | MAGG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | |
| AUM | $65M | $997.4B | |
| Dividend Yield | 4.91% | 1.08% | |
| Holdings | 206 | 509 | |
| YTD Return | -0.05% | +12.73% | |
| 1Y Return | +2.54% | +20.59% | |
| 3Y Return (annualized) | +4.46% | +21.70% | |
| 5Y Return (annualized) | - | +12.87% | |
| Volatility (annualized) | 5.2% | 14.1% | |
| Max Drawdown | -4.6% | -34.3% | |
| Fund Family | Madison Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 28, 2023 | Sep 7, 2010 |
MAGG vs VOO Performance
Madison Aggregate Bond ETF (MAGG) is a ETF from Madison Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MAGG returned +2.54% while VOO returned +20.59%. Year to date, MAGG is down 0.05% versus a gain of 12.73% for VOO.
Over three years, MAGG compounded at +4.46% per year against +21.70% for VOO. Across the full 3-year window we track, VOO has the edge at +13.47% annualized vs +4.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 5.2% for MAGG. 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 -4.6% for MAGG 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MAGG charges 0.36% per year while VOO charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, MAGG currently yields 4.91% against 1.08% for VOO.
Holdings Overlap
MAGG and VOO share 0 holdings out of 634 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, MAGG or VOO?
MAGG has an expense ratio of 0.36% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, MAGG or VOO?
Over the past year MAGG returned +2.54% vs +20.59% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), MAGG annualized +4.46% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, MAGG or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.2% for MAGG. Worst drawdown: MAGG -4.6% vs VOO -34.3%.
Should I hold both MAGG and VOO?
MAGG and VOO have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MAGG and VOO?
MAGG and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 634 unique securities.
Which pays a higher dividend, MAGG or VOO?
MAGG yields 4.91% while VOO yields 1.08%, so MAGG currently pays the higher dividend yield.
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