MVV vs VOO
ProShares Ultra MidCap400 vs Vanguard S&P 500 ETF
Which is better, MVV or VOO?
Trading-Leveraged Equity against Large Cap Blend.
VOO has a lower expense ratio. MVV led over 1Y and the full window, VOO over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.90.
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 | MVV | VOO |
|---|---|---|
| Expense Ratio | 0.95% | 0.03%Best |
| AUM | $147M | $997.4B |
| Dividend Yield | 0.69% | 1.04% |
| Holdings | 411 | 509 |
| YTD Return | +16.20%Best | +14.14% |
| 1Y Return | +19.29%Best | +17.31% |
| 3Y Return (annualized) | +20.49% | +23.04%Best |
| 5Y Return (annualized) | +6.46% | +13.63%Best |
| Volatility (annualized) | 34.1% | 14.1%Best |
| Max Drawdown | -69.2% | -34.3%Best |
| $10,000 over 5 years | $13,675 | $18,944Best |
| Fund Family | ProShares | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Jun 19, 2006 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 22, 2026 (16 years).
MVV 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 covers the 16 years both funds cover.
MVV vs VOO Performance
ProShares Ultra MidCap400 (MVV) is an ETF from ProShares and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year MVV returned +19.29% while VOO returned +17.31%. Year to date, MVV is up 16.20% versus a gain of 14.14% for VOO.
Over three years, MVV compounded at +20.49% per year against +23.04% for VOO; over five years the annualized figures are +6.46% and +13.63% respectively. Across the full 16-year window we track, MVV has the edge at +16.44% annualized vs +13.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVV has been the more volatile fund, with annualized monthly volatility of 34.1% 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 -69.2% for MVV and -34.3% 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MVV charges 0.95% per year while VOO charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, MVV currently yields 0.69% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 397 holdings in MVV and 494 in VOO, totalling 78.6% and 99.5% of the two funds. That is not enough of MVV to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 397 positions we hold weights for in MVV and 494 in VOO, against full books of 411 and 509.
Top Shared Holdings
| Stock | Weight in MVV | Weight in VOO | Difference |
|---|---|---|---|
| FISFidelity National Information Srvcs Inc | 0.25% | 0.04% | 0.21% |
You are not choosing between two funds in isolation.
Whichever of MVV 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, MVV or VOO?
MVV has an expense ratio of 0.95% while VOO charges 0.03%. VOO is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, MVV or VOO?
Over the past year MVV returned +19.29% vs +17.31% for VOO, so MVV leads on 1-year performance. Over the longest common window we track (16 years), MVV annualized +16.44% vs +13.49% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MVV or VOO?
MVV has been the more volatile fund at 34.1% annualized versus 14.1% for VOO. Worst drawdown: MVV -69.2% vs VOO -34.3%.
Should I hold both MVV and VOO?
MVV and VOO have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, MVV or VOO?
MVV yields 0.69% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than MVV?
VOO has a lower expense ratio. MVV led over 1Y and the full window, VOO over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.