MAPP vs VOO
Harbor Multi-Asset Explorer ETF vs Vanguard S&P 500 ETF
Which is better, MAPP or VOO?
Multi Alternative against Large Cap Blend.
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 74.4%.
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 | MAPP | VOO |
|---|---|---|
| Expense Ratio | 0.80% | 0.03%Best |
| AUM | $11M | $997.4B |
| Dividend Yield | 2.85% | 1.04% |
| Holdings | 24 | 509 |
| Volatility (annualized) | 8.5%Best | 12.6% |
| Max Drawdown | -12.9%Best | -18.7% |
| $10,000 over 3 years | $15,209 | $17,932Best |
| Top 10 Weight | 74.4% | 36.4%Best |
| Fund Family | Harbor Funds | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Sep 13, 2023 | Sep 7, 2010 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 14 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. MAPP has data through Aug 28, 2026 and VOO through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 14, 2023 to Aug 28, 2026 (3 years).
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 8.5% for MAPP. 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 -12.9% for MAPP 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MAPP charges 0.80% per year while VOO charges 0.03%. On a $10,000 position that is $80 vs $3 annually, a gap of $77 per year that compounds over a long holding period. On income, MAPP currently yields 2.85% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 23 holdings in MAPP and 505 in VOO, totalling 99.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 23 positions we hold weights for in MAPP and 505 in VOO, against full books of 24 and 509.
What only one of them owns
Our book lists 496 positions for VOO that do not appear in our book for MAPP (99.4% of the fund), and 21 for MAPP that do not appear in VOO (96.8%).
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.
You are not choosing between two funds in isolation.
Whichever of MAPP and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MAPP or VOO?
MAPP has an expense ratio of 0.80% while VOO charges 0.03%. VOO is the cheaper option, by $77 a year on a $10,000 investment.
Which is riskier, MAPP or VOO?
VOO has been the more volatile fund at 12.6% annualized versus 8.5% for MAPP. Worst drawdown: MAPP -12.9% vs VOO -18.7%.
Should I hold both MAPP and VOO?
MAPP and VOO have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MAPP or VOO?
MAPP yields 2.85% while VOO yields 1.04%, so MAPP currently pays the higher dividend yield.
Is VOO better than MAPP?
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 74.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.