OBOR vs VOO
KraneShares MSCI One Belt One Road Index 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 | OBOR | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $4M | $997.4B | |
| Dividend Yield | 1.92% | 1.08% | |
| Holdings | 128 | 509 | |
| YTD Return | +4.17% | +13.20% | |
| 1Y Return | +16.76% | +21.62% | |
| 3Y Return (annualized) | +12.96% | +22.16% | |
| 5Y Return (annualized) | +1.91% | +13.42% | |
| Volatility (annualized) | 16.4% | 14.1% | |
| Max Drawdown | -41.5% | -34.3% | |
| Fund Family | KraneShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2017 | Sep 7, 2010 |
OBOR vs VOO Performance
KraneShares MSCI One Belt One Road Index ETF (OBOR) is a ETF from KraneShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year OBOR returned +16.76% while VOO returned +21.62%. Year to date, OBOR is up 4.17% versus a gain of 13.20% for VOO.
Over three years, OBOR compounded at +12.96% per year against +22.16% for VOO; over five years the annualized figures are +1.91% and +13.42% respectively. Across the full 9-year window we track, VOO has the edge at +13.51% annualized vs +3.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OBOR has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -41.5% for OBOR 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OBOR 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, OBOR currently yields 1.92% against 1.08% for VOO.
Holdings Overlap
OBOR and VOO share 0 holdings out of 623 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, OBOR or VOO?
OBOR 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, OBOR or VOO?
Over the past year OBOR returned +16.76% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (9 years), OBOR annualized +3.84% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, OBOR or VOO?
OBOR has been the more volatile fund at 16.4% annualized versus 14.1% for VOO. Worst drawdown: OBOR -41.5% vs VOO -34.3%.
Should I hold both OBOR and VOO?
OBOR and VOO have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OBOR and VOO?
OBOR and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 623 unique securities.
Which pays a higher dividend, OBOR or VOO?
OBOR yields 1.92% while VOO yields 1.08%, so OBOR currently pays the higher dividend yield.
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