PXF vs VOO
Invesco RAFI Developed Markets ex-US ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. PXF delivered stronger 1-year returns. PXF offers more diversification with 1006 holdings.
Side-by-Side Comparison
| Metric | PXF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.43% | 0.03% | |
| AUM | $2.8B | $979.0B | |
| Dividend Yield | 3.13% | 1.09% | |
| Holdings | 1,040 | 509 | |
| YTD Return | +20.51% | +13.44% | |
| 1Y Return | +37.82% | +22.62% | |
| 3Y Return (annualized) | +24.62% | +21.47% | |
| 5Y Return (annualized) | +14.11% | +13.27% | |
| Volatility (annualized) | 19.4% | 14.1% | |
| Max Drawdown | -65.7% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2007 | Sep 7, 2010 |
PXF vs VOO Performance
Invesco RAFI Developed Markets ex-US ETF (PXF) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PXF returned +37.82% while VOO returned +22.62%. Year to date, PXF is up 20.51% versus a gain of 13.44% for VOO.
Over three years, PXF compounded at +24.62% per year against +21.47% for VOO; over five years the annualized figures are +14.11% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs +3.52%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXF has been the more volatile fund, with annualized monthly volatility of 19.4% 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 -65.7% for PXF 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 0.80. 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 3.13% against 1.09% for VOO.
Holdings Overlap
PXF and VOO share 8 holdings out of 1503 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $40 per year of difference.
Which performed better, PXF or VOO?
Over the past year PXF returned +37.82% vs +22.62% for VOO, so PXF leads on 1-year performance. Over the longest common window we track (16 years), PXF annualized +3.52% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, PXF or VOO?
PXF has been the more volatile fund at 19.4% annualized versus 14.1% for VOO. Worst drawdown: PXF -65.7% vs VOO -34.3%.
Should I hold both PXF and VOO?
PXF and VOO have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PXF and VOO?
PXF and VOO share 8 common holdings with a 0.5% weight overlap. Combined, they hold 1503 unique securities.
Which pays a higher dividend, PXF or VOO?
PXF yields 3.13% while VOO yields 1.09%, so PXF currently pays the higher dividend yield.
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