PAXS vs VOO
PIMCO Access Income Fund 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 | PAXS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.09% | 0.03% | |
| AUM | $694M | $997.4B | |
| Dividend Yield | 12.25% | 1.08% | |
| Holdings | 443 | 509 | |
| YTD Return | -0.80% | +12.25% | |
| 1Y Return | +1.57% | +20.92% | |
| 3Y Return (annualized) | +11.59% | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 16.1% | 14.1% | |
| Max Drawdown | -22.3% | -34.3% | |
| Fund Family | PIMCO (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 31, 2022 | Sep 7, 2010 |
PAXS vs VOO Performance
PIMCO Access Income Fund (PAXS) is a ETF from PIMCO (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PAXS returned +1.57% while VOO returned +20.92%. Year to date, PAXS is down 0.80% versus a gain of 12.25% for VOO.
Over three years, PAXS compounded at +11.59% per year against +21.79% for VOO. Across the full 5-year window we track, VOO has the edge at +13.45% annualized vs +3.95%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAXS has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -22.3% for PAXS 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PAXS charges 2.09% per year while VOO charges 0.03%. On a $10,000 position that is $209 vs $3 annually, a gap of $206 per year that compounds over a long holding period. On income, PAXS currently yields 12.25% against 1.08% for VOO.
Holdings Overlap
PAXS and VOO share 0 holdings out of 514 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, PAXS or VOO?
PAXS has an expense ratio of 2.09% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $206 per year of difference.
Which performed better, PAXS or VOO?
Over the past year PAXS returned +1.57% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), PAXS annualized +3.95% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, PAXS or VOO?
PAXS has been the more volatile fund at 16.1% annualized versus 14.1% for VOO. Worst drawdown: PAXS -22.3% vs VOO -34.3%.
Should I hold both PAXS and VOO?
PAXS and VOO have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PAXS and VOO?
PAXS and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, PAXS or VOO?
PAXS yields 12.25% while VOO yields 1.08%, so PAXS currently pays the higher dividend yield.
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