NOVZ vs VOO
TrueShares Structured Outcome November 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 | NOVZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $38M | $997.4B | |
| Dividend Yield | 3.35% | 1.08% | |
| Holdings | 17 | 509 | |
| YTD Return | +8.98% | +12.68% | |
| 1Y Return | +11.65% | +21.87% | |
| 3Y Return (annualized) | +14.72% | +22.06% | |
| 5Y Return (annualized) | +9.68% | +12.95% | |
| Volatility (annualized) | 11.7% | 14.1% | |
| Max Drawdown | -16.6% | -34.3% | |
| Fund Family | TrueShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 30, 2020 | Sep 7, 2010 |
NOVZ vs VOO Performance
TrueShares Structured Outcome November ETF (NOVZ) is a ETF from TrueShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NOVZ returned +11.65% while VOO returned +21.87%. Year to date, NOVZ is up 8.98% versus a gain of 12.68% for VOO.
Over three years, NOVZ compounded at +14.72% per year against +22.06% for VOO; over five years the annualized figures are +9.68% and +12.95% respectively. Across the full 6-year window we track, VOO has the edge at +13.47% annualized vs +12.94%. 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 11.7% for NOVZ. 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 -16.6% for NOVZ 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NOVZ 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, NOVZ currently yields 3.35% against 1.08% for VOO.
Holdings Overlap
NOVZ and VOO share 0 holdings out of 506 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, NOVZ or VOO?
NOVZ 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, NOVZ or VOO?
Over the past year NOVZ returned +11.65% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), NOVZ annualized +12.94% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, NOVZ or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.7% for NOVZ. Worst drawdown: NOVZ -16.6% vs VOO -34.3%.
Should I hold both NOVZ and VOO?
NOVZ and VOO have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between NOVZ and VOO?
NOVZ and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, NOVZ or VOO?
NOVZ yields 3.35% while VOO yields 1.08%, so NOVZ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.