Quick Verdict

VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: VOOMore Diversified: VOO

Side-by-Side Comparison

MetricPUIVOOWinner
Expense Ratio0.60%0.03%
AUM$56M$979.0B
Dividend Yield1.97%1.09%
Holdings39509
YTD Return+3.66%+13.80%
1Y Return+4.06%+23.71%
3Y Return (annualized)+14.67%+21.50%
5Y Return (annualized)+7.99%+13.44%
Volatility (annualized)14.0%14.1%
Max Drawdown-45.8%-34.3%
Fund FamilyInvesco (US)Vanguard (US)
CategoryEquityEquity
InceptionOct 26, 2005Sep 7, 2010

PUI vs VOO Performance

Invesco Dorsey Wright Utilities Momentum ETF (PUI) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PUI returned +4.06% while VOO returned +23.71%. Year to date, PUI is up 3.66% versus a gain of 13.80% for VOO.

Over three years, PUI compounded at +14.67% per year against +21.50% for VOO; over five years the annualized figures are +7.99% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs +5.96%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 14.0% for PUI. 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 -45.8% for PUI 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

PUI 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, PUI currently yields 1.97% against 1.09% for VOO.

Holdings Overlap

2.3%overlap

PUI and VOO share 26 holdings out of 516 unique holdings combined, representing a 2.3% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in PUIWeight in VOODifference
GEV5.49%0.49%5.00%
OKE4.25%0.08%4.17%
NI4.11%0.04%4.07%
DUKProProPro
ATOProProPro
WECProProPro
CEGProProPro
SREProProPro
DTEG.N:BEProProPro
ETRProProPro
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Frequently Asked Questions

Which is cheaper, PUI or VOO?

PUI 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, PUI or VOO?

Over the past year PUI returned +4.06% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), PUI annualized +5.96% vs +13.58% for VOO. Past performance does not guarantee future results.

Which is riskier, PUI or VOO?

VOO has been the more volatile fund at 14.1% annualized versus 14.0% for PUI. Worst drawdown: PUI -45.8% vs VOO -34.3%.

Should I hold both PUI and VOO?

PUI and VOO have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between PUI and VOO?

PUI and VOO share 26 common holdings with a 2.3% weight overlap. Combined, they hold 516 unique securities.

Which pays a higher dividend, PUI or VOO?

PUI yields 1.97% while VOO yields 1.09%, so PUI currently pays the higher dividend yield.

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