NACP vs VOO
Impact Shares NAACP Minority Empowerment ETF vs Vanguard S&P 500 ETF
Which is better, NACP or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. NACP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 40.6%.
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 | NACP | VOO |
|---|---|---|
| Expense Ratio | 0.49% | 0.03%Best |
| AUM | $74M | $997.4B |
| Dividend Yield | 0.57% | 1.04% |
| Holdings | 203 | 509 |
| YTD Return | +20.95%Best | +12.50% |
| 1Y Return | +31.21%Best | +17.58% |
| 3Y Return (annualized) | +25.29%Best | +21.27% |
| 5Y Return (annualized) | +14.76%Best | +12.95% |
| Volatility (annualized) | 17.6% | 16.7%Best |
| Max Drawdown | -31.0%Best | -34.3% |
| $10,000 over 5 years | $19,905Best | $18,384 |
| Top 10 Weight | 40.6% | 36.4%Best |
| Fund Family | Impact shares | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 12, 2018 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jul 19, 2018 to Sep 11, 2026 (8.1 years).
NACP 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 8.1 years both funds cover.
NACP vs VOO Performance
Impact Shares NAACP Minority Empowerment ETF (NACP) is an ETF from Impact shares and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year NACP returned +31.21% while VOO returned +17.58%. Year to date, NACP is up 20.95% versus a gain of 12.50% for VOO.
Over three years, NACP compounded at +25.29% per year against +21.27% for VOO; over five years the annualized figures are +14.76% and +12.95% respectively. Across the full 8-year window we track, NACP has the edge at +16.26% annualized vs +14.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NACP has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 16.7% 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 -31.0% for NACP 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NACP charges 0.49% per year while VOO charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, NACP currently yields 0.57% against 1.04% for VOO.
Holdings Overlap
98.7% of NACP's money is in holdings VOO also owns. 58.5% of VOO's money is in holdings NACP also owns.
Most of NACP is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 48 days apart, NACP as of Aug 17, 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.
186 positions in common, counted across the 201 positions we hold weights for in NACP and 505 in VOO, against full books of 203 and 509.
What only one of them owns
Our book lists 310 positions for VOO that do not appear in our book for NACP (40.9% of the fund), and 11 for NACP that do not appear in VOO (0.9%).
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.
Top Shared Holdings
| Stock | Weight in NACP | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 5.22% | 7.51% | 2.29% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.59% | 4.30% | 1.29% |
| AMZNAmazon.Com Inc | 5.15% | 3.62% | 1.53% |
| GOOGLAlphabet A Usd 0.001 | 4.34% | 3.25% | 1.09% |
| MUMicron Technology, Inc. | 5.05% | 2.02% | 3.03% |
| TSLATesla Inc | 3.66% | 1.84% | 1.82% |
| METAMeta Platforms, Inc. | 3.41% | 1.92% | 1.49% |
| AMDAdvanced Micro Devices Inc. | 3.74% | 1.47% | 2.27% |
| JPMJpmorgan Chase & Co. | 2.38% | 1.26% | 1.12% |
| INTCIntel Corp. | 2.03% | 1.02% | 1.01% |
98.7% of NACP 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, NACP or VOO?
NACP has an expense ratio of 0.49% while VOO charges 0.03%. VOO is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, NACP or VOO?
Over the past year NACP returned +31.21% vs +17.58% for VOO, so NACP leads on 1-year performance. Over the longest common window we track (8 years), NACP annualized +16.26% vs +14.21% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NACP or VOO?
NACP has been the more volatile fund at 17.6% annualized versus 16.7% for VOO. Worst drawdown: NACP -31.0% vs VOO -34.3%.
Should I hold both NACP and VOO?
NACP and VOO have a monthly-return correlation of 0.98, 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.
What is the holdings overlap between NACP and VOO?
98.7% of NACP's money is in holdings VOO also owns. 58.5% of VOO's is in holdings NACP also owns. They hold 186 positions in common, counted across the 201 positions we hold weights for in NACP and 505 in VOO.
Which pays a higher dividend, NACP or VOO?
NACP yields 0.57% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than NACP?
VOO has a lower expense ratio. NACP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 40.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.