PEZ vs VOO
Invesco Dorsey Wright Consumer Cyclicals Momentum 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 505 holdings.
Side-by-Side Comparison
| Metric | PEZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $22M | $979.0B | |
| Dividend Yield | 0.24% | 1.09% | |
| Holdings | 48 | 509 | |
| YTD Return | -2.14% | +13.44% | |
| 1Y Return | +4.67% | +22.62% | |
| 3Y Return (annualized) | +13.62% | +21.47% | |
| 5Y Return (annualized) | +2.58% | +13.27% | |
| Volatility (annualized) | 21.7% | 14.1% | |
| Max Drawdown | -59.0% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2006 | Sep 7, 2010 |
PEZ vs VOO Performance
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PEZ returned +4.67% while VOO returned +22.62%. Year to date, PEZ is down 2.14% versus a gain of 13.44% for VOO.
Over three years, PEZ compounded at +13.62% per year against +21.47% for VOO; over five years the annualized figures are +2.58% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs +7.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PEZ has been the more volatile fund, with annualized monthly volatility of 21.7% 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 -59.0% for PEZ 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PEZ charges 0.60% per year while VOO charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, PEZ currently yields 0.24% against 1.09% for VOO.
Holdings Overlap
PEZ and VOO share 15 holdings out of 535 unique holdings combined, representing a 2.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PEZ or VOO?
PEZ has an expense ratio of 0.60% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, PEZ or VOO?
Over the past year PEZ returned +4.67% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), PEZ annualized +7.37% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, PEZ or VOO?
PEZ has been the more volatile fund at 21.7% annualized versus 14.1% for VOO. Worst drawdown: PEZ -59.0% vs VOO -34.3%.
Should I hold both PEZ and VOO?
PEZ and VOO have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PEZ and VOO?
PEZ and VOO share 15 common holdings with a 2.4% weight overlap. Combined, they hold 535 unique securities.
Which pays a higher dividend, PEZ or VOO?
PEZ yields 0.24% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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