MINV vs VOO
Matthews Asia Innovators Active ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. MINV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MINV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $161M | $979.0B | |
| Dividend Yield | 0.97% | 1.09% | |
| Holdings | 62 | 509 | |
| YTD Return | +35.86% | +13.44% | |
| 1Y Return | +53.33% | +22.62% | |
| 3Y Return (annualized) | +29.58% | +21.47% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 27.5% | 14.1% | |
| Max Drawdown | -23.5% | -34.3% | |
| Fund Family | Matthews Asia Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 13, 2022 | Sep 7, 2010 |
MINV vs VOO Performance
Matthews Asia Innovators Active ETF (MINV) is a ETF from Matthews Asia Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MINV returned +53.33% while VOO returned +22.62%. Year to date, MINV is up 35.86% versus a gain of 13.44% for VOO.
Over three years, MINV compounded at +29.58% per year against +21.47% for VOO. Across the full 4-year window we track, MINV has the edge at +18.99% annualized vs +13.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MINV has been the more volatile fund, with annualized monthly volatility of 27.5% compared with 14.1% 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 -23.5% for MINV 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MINV charges 0.79% per year while VOO charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, MINV currently yields 0.97% against 1.09% for VOO.
Holdings Overlap
MINV and VOO share 0 holdings out of 571 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, MINV or VOO?
MINV has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, MINV or VOO?
Over the past year MINV returned +53.33% vs +22.62% for VOO, so MINV leads on 1-year performance. Over the longest common window we track (4 years), MINV annualized +18.99% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, MINV or VOO?
MINV has been the more volatile fund at 27.5% annualized versus 14.1% for VOO. Worst drawdown: MINV -23.5% vs VOO -34.3%.
Should I hold both MINV and VOO?
MINV and VOO have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MINV and VOO?
MINV and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 571 unique securities.
Which pays a higher dividend, MINV or VOO?
MINV yields 0.97% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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