PWER vs VOO
Nomura Energy Transition ETF vs Vanguard S&P 500 ETF
Which is better, PWER or VOO?
PWER has been ahead.
VOO has a lower expense ratio. PWER led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 48.6%.
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 | PWER | VOO |
|---|---|---|
| Expense Ratio | 0.79% | 0.03%Best |
| AUM | $13M | $997.4B |
| Dividend Yield | 0.80% | 1.08% |
| Holdings | 35 | 509 |
| YTD Return | +29.85%Best | +13.37% |
| 1Y Return | +52.14%Best | +20.08% |
| 3Y Return (annualized) | - | +21.29% |
| 5Y Return (annualized) | - | +12.89% |
| Volatility (annualized) | 20.3% | 11.7%Best |
| Max Drawdown | -30.0% | -18.7%Best |
| $10,000 over 2.8 years | $19,020Best | $17,684 |
| Top 10 Weight | 48.6% | 36.4%Best |
| Fund Family | Nomura Asset Management Co Ltd | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 28, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 29, 2023 to Sep 4, 2026 (2.8 years).
PWER 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 2.8 years both funds cover.
PWER vs VOO Performance
Nomura Energy Transition ETF (PWER) is an ETF from Nomura Asset Management Co Ltd and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PWER returned +52.14% while VOO returned +20.08%. Year to date, PWER is up 29.85% versus a gain of 13.37% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWER has been the more volatile fund, with annualized monthly volatility of 20.3% compared with 11.7% 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 -30.0% for PWER 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 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PWER charges 0.79% per year while VOO charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, PWER currently yields 0.80% against 1.08% for VOO.
Holdings Overlap
41.1% of PWER's money is in holdings VOO also owns. 1.4% of VOO's money is in holdings PWER also owns.
The two portfolios partly overlap.
The two holdings books were reported 50 days apart, PWER as of Aug 19, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
12 positions in common, counted across the 31 positions we hold weights for in PWER and 505 in VOO, against full books of 35 and 509.
What only one of them owns
Our book lists 485 positions for VOO that do not appear in our book for PWER (98.1% of the fund), and 9 for PWER that do not appear in VOO (26.7%).
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 PWER | Weight in VOO | Difference |
|---|---|---|---|
| VLOValero Energy | 5.83% | 0.12% | 5.71% |
| STLDSteel Dynamics, Inc. | 5.80% | 0.05% | 5.75% |
| COPConocophillips Common Stock USD 0.01 | 4.54% | 0.20% | 4.34% |
| EOGEog Resources Inc | 4.07% | 0.11% | 3.96% |
| FSLRFirst Solar, Inc | 4.08% | 0.04% | 4.04% |
| GEVGe Vernova, Inc. | 2.81% | 0.49% | 2.32% |
| BKRBaker Hughes Co | 3.20% | 0.09% | 3.11% |
| GNRCGenerac Holdings, Inc. | 3.10% | 0.03% | 3.07% |
| EQTEQT Corp. | 3.07% | 0.05% | 3.02% |
| EXEExpand Energy Corp | 2.82% | 0.03% | 2.79% |
41.1% of PWER 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, PWER or VOO?
PWER has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, PWER or VOO?
Over the past year PWER returned +52.14% vs +20.08% for VOO, so PWER leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PWER or VOO?
PWER has been the more volatile fund at 20.3% annualized versus 11.7% for VOO. Worst drawdown: PWER -30.0% vs VOO -18.7%.
Should I hold both PWER and VOO?
PWER and VOO have a monthly-return correlation of 0.50, 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 PWER and VOO?
41.1% of PWER's money is in holdings VOO also owns. 1.4% of VOO's is in holdings PWER also owns. They hold 12 positions in common, counted across the 31 positions we hold weights for in PWER and 505 in VOO.
Which pays a higher dividend, PWER or VOO?
PWER yields 0.80% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
Is VOO better than PWER?
VOO has a lower expense ratio. PWER led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 48.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.