PEPS vs VOO
Parametric Equity Plus ETF vs Vanguard S&P 500 ETF
Which is better, PEPS or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. PEPS led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 38.0%.
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 | PEPS | VOO |
|---|---|---|
| Expense Ratio | 0.10% | 0.03%Best |
| AUM | $29M | $997.4B |
| Dividend Yield | 0.91% | 1.04% |
| Holdings | 193 | 509 |
| YTD Return | +13.39% | +13.82%Best |
| 1Y Return | +19.57%Best | +18.56% |
| 3Y Return (annualized) | - | +23.49% |
| 5Y Return (annualized) | - | +13.34% |
| Volatility (annualized) | 12.9% | 12.6%Best |
| Max Drawdown | -21.0% | -18.7%Best |
| $10,000 over 1.9 years | $13,559Best | $13,249 |
| Top 10 Weight | 38.0% | 37.6%Best |
| Fund Family | Parametric | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 7, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 8, 2024 to Sep 25, 2026 (1.9 years).
PEPS 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 1.9 years both funds cover.
PEPS vs VOO Performance
Parametric Equity Plus ETF (PEPS) is an ETF from Parametric and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PEPS returned +19.57% while VOO returned +18.56%. Year to date, PEPS is up 13.39% versus a gain of 13.82% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PEPS has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 12.6% 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 -21.0% for PEPS and -18.7% 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PEPS charges 0.10% per year while VOO charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, PEPS currently yields 0.91% against 1.04% for VOO.
Holdings Overlap
86.0% of PEPS's money is in holdings VOO also owns. 66.6% of VOO's money is in holdings PEPS also owns.
Most of PEPS is already inside VOO. Owning both mostly buys the same companies twice.
117 positions in common, counted across the 195 positions we hold weights for in PEPS and 494 in VOO, against full books of 193 and 509.
What only one of them owns
Our book lists 370 positions for VOO that do not appear in our book for PEPS (32.5% of the fund), and 67 for PEPS that do not appear in VOO (10.9%).
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 PEPS | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.42% | 7.55% | 0.13% |
| AAPLApple, Inc | 7.01% | 7.05% | 0.04% |
| MSFTMicrosoft Corp | 5.40% | 5.36% | 0.04% |
| AMZNAmazon.Com Inc | 3.61% | 4.13% | 0.52% |
| GOOGLAlphabet Inc,class A | 2.90% | 3.24% | 0.34% |
| AVGOBroadcom Inc | 2.69% | 2.86% | 0.17% |
| GOOGAlphabet Inc | 2.57% | 2.62% | 0.05% |
| METAMeta Platforms Inc | 1.95% | 1.90% | 0.05% |
| MUMicron Technology, Inc. | 1.98% | 1.44% | 0.54% |
| JPMJpmorgan Chase | 1.72% | 1.46% | 0.26% |
86.0% of PEPS 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, PEPS or VOO?
PEPS has an expense ratio of 0.10% while VOO charges 0.03%. VOO is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, PEPS or VOO?
Over the past year PEPS returned +19.57% vs +18.56% for VOO, so PEPS leads on 1-year performance. Over the longest common window we track (2 years), PEPS annualized +17.38% vs +15.96% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PEPS or VOO?
PEPS has been the more volatile fund at 12.9% annualized versus 12.6% for VOO. Worst drawdown: PEPS -21.0% vs VOO -18.7%.
Should I hold both PEPS and VOO?
PEPS and VOO have a monthly-return correlation of 0.98, 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 PEPS and VOO?
86.0% of PEPS's money is in holdings VOO also owns. 66.6% of VOO's is in holdings PEPS also owns. They hold 117 positions in common, counted across the 195 positions we hold weights for in PEPS and 494 in VOO.
Which pays a higher dividend, PEPS or VOO?
PEPS yields 0.91% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than PEPS?
VOO has a lower expense ratio. PEPS led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.