QTAP vs VOO

Quick Verdict

VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.

Lower Fees: VOOHigher Returns: VOOMore Diversified: VOO

Side-by-Side Comparison

MetricQTAPVOOWinner
Expense Ratio0.79%0.03%
AUM$21M$997.4B
Dividend Yield0.00%1.08%
Holdings5509
YTD Return+16.63%+14.27%
1Y Return+21.13%+21.79%
3Y Return (annualized)+20.64%+22.19%
5Y Return (annualized)+12.71%+13.28%
Volatility (annualized)16.0%14.2%
Max Drawdown-29.4%-34.3%
Fund FamilyInnovator ETFs TrustVanguard (US)
CategoryAlternativeEquity
InceptionMar 31, 2021Sep 7, 2010

QTAP vs VOO Performance

Innovator Growth Accelerated Plus ETF - April (QTAP) is a ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year QTAP returned +21.13% while VOO returned +21.79%. Year to date, QTAP is up 16.63% versus a gain of 14.27% for VOO.

Over three years, QTAP compounded at +20.64% per year against +22.19% for VOO; over five years the annualized figures are +12.71% and +13.28% respectively. Across the full 5-year window we track, QTAP has the edge at +13.86% annualized vs +13.59%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

QTAP has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 14.2% 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 -29.4% for QTAP 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 0.86. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

QTAP 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, QTAP currently yields 0.00% against 1.08% for VOO.

Frequently Asked Questions

Which is cheaper, QTAP or VOO?

QTAP has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.

Which performed better, QTAP or VOO?

Over the past year QTAP returned +21.13% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), QTAP annualized +13.86% vs +13.59% for VOO. Past performance does not guarantee future results.

Which is riskier, QTAP or VOO?

QTAP has been the more volatile fund at 16.0% annualized versus 14.2% for VOO. Worst drawdown: QTAP -29.4% vs VOO -34.3%.

Should I hold both QTAP and VOO?

QTAP and VOO have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, QTAP or VOO?

QTAP yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.

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