PSP vs VOO
Invesco Global Listed Private Equity ETF vs Vanguard S&P 500 ETF
Which is better, PSP or VOO?
Mid Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 48.8%.
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 | PSP | VOO |
|---|---|---|
| Expense Ratio | 1.80% | 0.03%Best |
| AUM | $242M | $997.4B |
| Dividend Yield | 5.98% | 1.04% |
| Holdings | 75 | 509 |
| YTD Return | -9.55% | +11.55%Best |
| 1Y Return | -10.84% | +17.54%Best |
| 3Y Return (annualized) | +9.96% | +20.71%Best |
| 5Y Return (annualized) | -0.32% | +12.80%Best |
| Volatility (annualized) | 21.3% | 14.1%Best |
| Max Drawdown | -49.9% | -34.3%Best |
| $10,000 over 5 years | $9,841 | $18,262Best |
| Top 10 Weight | 48.8% | 36.4%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Oct 24, 2006 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 10, 2026 (16 years).
PSP 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.
PSP vs VOO Performance
Invesco Global Listed Private Equity ETF (PSP) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PSP returned -10.84% while VOO returned +17.54%. Year to date, PSP is down 9.55% versus a gain of 11.55% for VOO.
Over three years, PSP compounded at +9.96% per year against +20.71% for VOO; over five years the annualized figures are -0.32% and +12.80% respectively. Across the full 16-year window we track, VOO has the edge at +13.35% annualized vs +3.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSP has been the more volatile fund, with annualized monthly volatility of 21.3% 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 -49.9% for PSP 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSP charges 1.80% per year while VOO charges 0.03%. On a $10,000 position that is $180 vs $3 annually, a gap of $177 per year that compounds over a long holding period. On income, PSP currently yields 5.98% against 1.04% for VOO.
Holdings Overlap
12.3% of PSP's money is in holdings VOO also owns. 0.3% of VOO's money is in holdings PSP also owns.
PSP and VOO share little of their money.
3 positions in common, counted across the 66 positions we hold weights for in PSP and 505 in VOO, against full books of 75 and 509.
What only one of them owns
Our book lists 493 positions for VOO that do not appear in our book for PSP (99.2% of the fund), and 30 for PSP that do not appear in VOO (33.8%).
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.
You are not choosing between two funds in isolation.
Whichever of PSP and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PSP or VOO?
PSP has an expense ratio of 1.80% while VOO charges 0.03%. VOO is the cheaper option, by $177 a year on a $10,000 investment.
Which performed better, PSP or VOO?
Over the past year PSP returned -10.84% vs +17.54% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), PSP annualized +3.81% vs +13.35% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSP or VOO?
PSP has been the more volatile fund at 21.3% annualized versus 14.1% for VOO. Worst drawdown: PSP -49.9% vs VOO -34.3%.
Should I hold both PSP and VOO?
PSP and VOO have a monthly-return correlation of 0.87, 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 PSP and VOO?
12.3% of PSP's money is in holdings VOO also owns. 0.3% of VOO's is in holdings PSP also owns. They hold 3 positions in common, counted across the 66 positions we hold weights for in PSP and 505 in VOO.
Which pays a higher dividend, PSP or VOO?
PSP yields 5.98% while VOO yields 1.04%, so PSP currently pays the higher dividend yield.
Is VOO better than PSP?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 48.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.