RWO vs VOO
State Street SPDR Dow Jones Global Real Estate ETF vs Vanguard S&P 500 ETF
Which is better, RWO or VOO?
Mid Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 43.8%.
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 | RWO | VOO |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $1.3B | $997.4B |
| Dividend Yield | 3.23% | 1.04% |
| Holdings | 244 | 509 |
| YTD Return | +9.34% | +12.50%Best |
| 1Y Return | +9.18% | +17.58%Best |
| 3Y Return (annualized) | +9.76% | +21.27%Best |
| 5Y Return (annualized) | +1.42% | +12.95%Best |
| Volatility (annualized) | 16.3% | 14.1%Best |
| Max Drawdown | -43.8% | -34.3%Best |
| $10,000 over 5 years | $10,730 | $18,384Best |
| Top 10 Weight | 43.8% | 36.4%Best |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | May 7, 2008 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 11, 2026 (16 years).
RWO 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.
RWO vs VOO Performance
State Street SPDR Dow Jones Global Real Estate ETF (RWO) is an ETF from SPDR State Street Global Advisors and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year RWO returned +9.18% while VOO returned +17.58%. Year to date, RWO is up 9.34% versus a gain of 12.50% for VOO.
Over three years, RWO compounded at +9.76% per year against +21.27% for VOO; over five years the annualized figures are +1.42% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.41% annualized vs +3.17%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWO has been the more volatile fund, with annualized monthly volatility of 16.3% 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 -43.8% for RWO 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RWO charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, RWO currently yields 3.23% against 1.04% for VOO.
Holdings Overlap
54.3% of RWO's money is in holdings VOO also owns. 1.4% of VOO's money is in holdings RWO also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 223 positions we hold weights for in RWO and 505 in VOO, against full books of 244 and 509.
What only one of them owns
Our book lists 473 positions for VOO that do not appear in our book for RWO (98.0% of the fund), and 76 for RWO that do not appear in VOO (18.5%).
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 RWO | Weight in VOO | Difference |
|---|---|---|---|
| WELLWelltower Inc | 9.63% | 0.25% | 9.38% |
| PLDPrologis Inc | 7.65% | 0.20% | 7.45% |
| EQIXEquinix, Inc. | 5.92% | 0.16% | 5.76% |
| SPGSimon Property Group Inc | 4.16% | 0.11% | 4.05% |
| DLRDigital Realty Trust Inc. | 3.88% | 0.09% | 3.79% |
| ORealty Income Corp. | 3.36% | 0.09% | 3.27% |
| PSAPublic Storage | 3.18% | 0.08% | 3.10% |
| VTRVentas, Inc. | 2.62% | 0.07% | 2.55% |
| EXRExtra Space Storage Inc. | 1.82% | 0.05% | 1.77% |
| AVBAvalonbay Communities Inc. | 1.50% | 0.04% | 1.46% |
54.3% of RWO 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, RWO or VOO?
RWO has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, RWO or VOO?
Over the past year RWO returned +9.18% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), RWO annualized +3.17% vs +13.41% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RWO or VOO?
RWO has been the more volatile fund at 16.3% annualized versus 14.1% for VOO. Worst drawdown: RWO -43.8% vs VOO -34.3%.
Should I hold both RWO and VOO?
RWO and VOO have a monthly-return correlation of 0.76, 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 RWO and VOO?
54.3% of RWO's money is in holdings VOO also owns. 1.4% of VOO's is in holdings RWO also owns. They hold 23 positions in common, counted across the 223 positions we hold weights for in RWO and 505 in VOO.
Which pays a higher dividend, RWO or VOO?
RWO yields 3.23% while VOO yields 1.04%, so RWO currently pays the higher dividend yield.
Is VOO better than RWO?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 43.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.