PBE vs VOO
Invesco Biotechnology and Genome ETF vs Vanguard S&P 500 ETF
Which is better, PBE or VOO?
Small Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. PBE led over 1Y, VOO over 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 46.5%.
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 | PBE | VOO |
|---|---|---|
| Expense Ratio | 0.58% | 0.03%Best |
| AUM | $477M | $997.4B |
| Dividend Yield | 1.60% | 1.04% |
| Holdings | 33 | 509 |
| YTD Return | +17.80%Best | +14.14% |
| 1Y Return | +38.55%Best | +17.31% |
| 3Y Return (annualized) | +19.52% | +23.16%Best |
| 5Y Return (annualized) | +4.91% | +13.85%Best |
| Volatility (annualized) | 21.1% | 14.1%Best |
| Max Drawdown | -45.0% | -34.3%Best |
| $10,000 over 5 years | $12,708 | $19,128Best |
| Top 10 Weight | 46.5% | 37.6%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Jun 23, 2005 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 21, 2026 (16 years).
PBE 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.
PBE vs VOO Performance
Invesco Biotechnology and Genome ETF (PBE) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PBE returned +38.55% while VOO returned +17.31%. Year to date, PBE is up 17.80% versus a gain of 14.14% for VOO.
Over three years, PBE compounded at +19.52% per year against +23.16% for VOO; over five years the annualized figures are +4.91% and +13.85% respectively. Across the full 16-year window we track, VOO has the edge at +13.49% annualized vs +11.07%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBE has been the more volatile fund, with annualized monthly volatility of 21.1% 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 -45.0% for PBE 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 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PBE charges 0.58% per year while VOO charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, PBE currently yields 1.60% against 1.04% for VOO.
Holdings Overlap
31.7% of PBE's money is in holdings VOO also owns. 1.0% of VOO's money is in holdings PBE also owns.
The two portfolios partly overlap.
7 positions in common, counted across the 31 positions we hold weights for in PBE and 494 in VOO, against full books of 33 and 509.
What only one of them owns
Our book lists 480 positions for VOO that do not appear in our book for PBE (98.2% of the fund), and 22 for PBE that do not appear in VOO (60.6%).
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 PBE | Weight in VOO | Difference |
|---|---|---|---|
| AMGNAmgen Inc. | 5.42% | 0.32% | 5.10% |
| VRTXNvaesrtex Pharmaceuticals Inc | 5.28% | 0.19% | 5.09% |
| REGNRegeneron Pharmaceuticals, Inc. | 5.30% | 0.12% | 5.18% |
| GILDGilead Sciences | 4.61% | 0.25% | 4.36% |
| BIIBBiogen Inc. Com | 4.73% | 0.05% | 4.68% |
| TECHBio-Techne Corp | 3.47% | 0.02% | 3.45% |
| INCYIncyte Corp. | 2.92% | 0.03% | 2.89% |
31.7% of PBE 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, PBE or VOO?
PBE has an expense ratio of 0.58% while VOO charges 0.03%. VOO is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, PBE or VOO?
Over the past year PBE returned +38.55% vs +17.31% for VOO, so PBE leads on 1-year performance. Over the longest common window we track (16 years), PBE annualized +11.07% vs +13.49% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBE or VOO?
PBE has been the more volatile fund at 21.1% annualized versus 14.1% for VOO. Worst drawdown: PBE -45.0% vs VOO -34.3%.
Should I hold both PBE and VOO?
PBE and VOO have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PBE and VOO?
31.7% of PBE's money is in holdings VOO also owns. 1.0% of VOO's is in holdings PBE also owns. They hold 7 positions in common, counted across the 31 positions we hold weights for in PBE and 494 in VOO.
Which pays a higher dividend, PBE or VOO?
PBE yields 1.60% while VOO yields 1.04%, so PBE currently pays the higher dividend yield.
Is VOO better than PBE?
VOO has a lower expense ratio. PBE led over 1Y, VOO over 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.