PXF vs VOO
Invesco RAFI Developed Markets ex-US ETF vs Vanguard S&P 500 ETF
Which is better, PXF or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. PXF led over 1Y, 3Y and 5Y, VOO over the full window. PXF is less concentrated, with 14.8% of the fund in its ten largest positions against 37.6%.
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 | PXF | VOO |
|---|---|---|
| Expense Ratio | 0.43% | 0.03%Best |
| AUM | $3.0B | $997.4B |
| Dividend Yield | 2.99% | 1.04% |
| Holdings | 1,040 | 509 |
| YTD Return | +19.60%Best | +12.37% |
| 1Y Return | +31.66%Best | +16.61% |
| 3Y Return (annualized) | +23.77%Best | +21.37% |
| 5Y Return (annualized) | +14.96%Best | +13.49% |
| Volatility (annualized) | 16.5% | 14.1%Best |
| Max Drawdown | -45.9% | -34.3%Best |
| $10,000 over 5 years | $20,079Best | $18,827 |
| Top 10 Weight | 14.8%Best | 37.6% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 25, 2007 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 18, 2026 (16 years).
PXF 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.
PXF vs VOO Performance
Invesco RAFI Developed Markets ex-US ETF (PXF) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PXF returned +31.66% while VOO returned +16.61%. Year to date, PXF is up 19.60% versus a gain of 12.37% for VOO.
Over three years, PXF compounded at +23.77% per year against +21.37% for VOO; over five years the annualized figures are +14.96% and +13.49% respectively. Across the full 16-year window we track, VOO has the edge at +13.39% annualized vs +6.29%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXF has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -45.9% for PXF 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PXF charges 0.43% per year while VOO charges 0.03%. On a $10,000 position that is $43 vs $3 annually, a gap of $40 per year that compounds over a long holding period. On income, PXF currently yields 2.99% against 1.04% for VOO.
Holdings Overlap
0.6% of PXF's money is in holdings VOO also owns. 0.7% of VOO's money is in holdings PXF also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
9 positions in common, counted across the 962 positions we hold weights for in PXF and 494 in VOO, against full books of 1,040 and 509.
What only one of them owns
Our book lists 478 positions for VOO that do not appear in our book for PXF (98.5% of the fund), and 25 for PXF that do not appear in VOO (10.4%).
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 PXF | Weight in VOO | Difference |
|---|---|---|---|
| MDTMedtronic Plc Ordinary Shares | 0.19% | 0.17% | 0.02% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 0.12% | 0.09% | 0.03% |
| TTTt Trane Technologies Plc | 0.04% | 0.16% | 0.12% |
| GRMNGarminltd. | 0.08% | 0.07% | 0.01% |
| HBANHuntington Bancshares Inc./Oh | 0.03% | 0.05% | 0.02% |
| EQTEQT Corp. | 0.02% | 0.05% | 0.03% |
| LULULululemon Athletica, Inc | 0.04% | 0.02% | 0.02% |
| APTVAptiv Plc Ordinary Shares | 0.03% | 0.02% | 0.01% |
| ALLEAllegion Plc | 0.01% | 0.02% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of PXF 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, PXF or VOO?
PXF has an expense ratio of 0.43% while VOO charges 0.03%. VOO is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, PXF or VOO?
Over the past year PXF returned +31.66% vs +16.61% for VOO, so PXF leads on 1-year performance. Over the longest common window we track (16 years), PXF annualized +6.29% vs +13.39% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PXF or VOO?
PXF has been the more volatile fund at 16.5% annualized versus 14.1% for VOO. Worst drawdown: PXF -45.9% vs VOO -34.3%.
Should I hold both PXF and VOO?
PXF and VOO have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PXF or VOO?
PXF yields 2.99% while VOO yields 1.04%, so PXF currently pays the higher dividend yield.
Is VOO better than PXF?
VOO has a lower expense ratio. PXF led over 1Y, 3Y and 5Y, VOO over the full window. PXF is less concentrated, with 14.8% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.