PSR vs VOO
Invesco Active US Real Estate 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 509 holdings.
Side-by-Side Comparison
| Metric | PSR | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $60M | $997.4B | |
| Dividend Yield | 2.46% | 1.08% | |
| Holdings | 32 | 509 | |
| YTD Return | +17.45% | +13.20% | |
| 1Y Return | +17.72% | +21.62% | |
| 3Y Return (annualized) | +11.01% | +22.16% | |
| 5Y Return (annualized) | +2.04% | +13.42% | |
| Volatility (annualized) | 21.4% | 14.1% | |
| Max Drawdown | -43.0% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2008 | Sep 7, 2010 |
PSR vs VOO Performance
Invesco Active US Real Estate ETF (PSR) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PSR returned +17.72% while VOO returned +21.62%. Year to date, PSR is up 17.45% versus a gain of 13.20% for VOO.
Over three years, PSR compounded at +11.01% per year against +22.16% for VOO; over five years the annualized figures are +2.04% and +13.42% respectively. Across the full 16-year window we track, VOO has the edge at +13.51% annualized vs +10.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSR has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -43.0% for PSR 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSR charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, PSR currently yields 2.46% against 1.08% for VOO.
Holdings Overlap
PSR and VOO share 12 holdings out of 525 unique holdings combined, representing a 1.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PSR or VOO?
PSR has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, PSR or VOO?
Over the past year PSR returned +17.72% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), PSR annualized +10.56% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, PSR or VOO?
PSR has been the more volatile fund at 21.4% annualized versus 14.1% for VOO. Worst drawdown: PSR -43.0% vs VOO -34.3%.
Should I hold both PSR and VOO?
PSR and VOO have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSR and VOO?
PSR and VOO share 12 common holdings with a 1.2% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, PSR or VOO?
PSR yields 2.46% while VOO yields 1.08%, so PSR currently pays the higher dividend yield.
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