PBUS vs VOO
Invesco MSCI USA ETF vs Vanguard S&P 500 ETF
Which is better, PBUS or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. PBUS led over the full window, VOO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.99. PBUS is less concentrated, with 36.9% of the fund in its ten largest positions against 37.6%.
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 | PBUS | VOO |
|---|---|---|
| Expense Ratio | 0.04% | 0.03%Best |
| AUM | $11.6B | $997.4B |
| Dividend Yield | 1.03% | 1.04% |
| Holdings | 530 | 509 |
| YTD Return | +10.73% | +11.48%Best |
| 1Y Return | +14.64% | +15.94%Best |
| 3Y Return (annualized) | +20.75% | +21.01%Best |
| 5Y Return (annualized) | +11.98% | +12.66%Best |
| Volatility (annualized) | 16.0%Best | 16.2% |
| Max Drawdown | -33.2%Best | -34.3% |
| $10,000 over 5 years | $17,608 | $18,149Best |
| Top 10 Weight | 36.9%Best | 37.6% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 22, 2017 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2017 to Sep 15, 2026 (9 years).
PBUS 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 9 years both funds cover.
PBUS vs VOO Performance
Invesco MSCI USA ETF (PBUS) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PBUS returned +14.64% while VOO returned +15.94%. Year to date, PBUS is up 10.73% versus a gain of 11.48% for VOO.
Over three years, PBUS compounded at +20.75% per year against +21.01% for VOO; over five years the annualized figures are +11.98% and +12.66% respectively. Across the full 9-year window we track, PBUS has the edge at +14.78% annualized vs +14.16%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 16.0% for PBUS. 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 -33.2% for PBUS 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PBUS charges 0.04% per year while VOO charges 0.03%. On a $10,000 position that is $4 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, PBUS currently yields 1.03% against 1.04% for VOO.
Holdings Overlap
94.5% of PBUS's money is in holdings VOO also owns. 96.0% of VOO's money is in holdings PBUS also owns.
Most of VOO is already inside PBUS. Owning both mostly buys the same companies twice.
417 positions in common, counted across the 500 positions we hold weights for in PBUS and 494 in VOO, against full books of 530 and 509.
What only one of them owns
Our book lists 73 positions for VOO that do not appear in our book for PBUS (3.3% of the fund), and 73 for PBUS that do not appear in VOO (3.0%).
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 PBUS | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.70% | 7.55% | 0.15% |
| AAPLApple, Inc | 7.03% | 7.05% | 0.02% |
| MSFTMicrosoft Corp | 5.41% | 5.36% | 0.05% |
| AMZNAmazon.Com Inc | 3.80% | 4.13% | 0.33% |
| GOOGLAlphabet Inc,class A | 2.98% | 3.24% | 0.26% |
| AVGOBroadcom Inc | 2.52% | 2.86% | 0.34% |
| GOOGAlphabet Inc | 2.34% | 2.62% | 0.28% |
| METAMeta Platforms Inc | 1.90% | 1.90% | 0.00% |
| MUMicron Technology, Inc. | 1.63% | 1.44% | 0.19% |
| TSLATesla Inc | 1.56% | 1.36% | 0.20% |
96.0% of VOO is already inside PBUS.
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, PBUS or VOO?
PBUS has an expense ratio of 0.04% while VOO charges 0.03%. VOO is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, PBUS or VOO?
Over the past year PBUS returned +14.64% vs +15.94% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (9 years), PBUS annualized +14.78% vs +14.16% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBUS or VOO?
VOO has been the more volatile fund at 16.2% annualized versus 16.0% for PBUS. Worst drawdown: PBUS -33.2% vs VOO -34.3%.
Should I hold both PBUS and VOO?
PBUS and VOO have a monthly-return correlation of 0.99, 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 PBUS and VOO?
96.0% of VOO's money is in holdings PBUS also owns. 96.0% of VOO's is in holdings PBUS also owns. They hold 417 positions in common, counted across the 500 positions we hold weights for in PBUS and 494 in VOO.
Which pays a higher dividend, PBUS or VOO?
PBUS yields 1.03% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than PBUS?
VOO has a lower expense ratio. PBUS led over the full window, VOO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.99. PBUS is less concentrated, with 36.9% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.