SHE vs VOO
State Street SPDR MSCI USA Gender Diversity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. SHE delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | SHE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $339M | $997.4B | |
| Dividend Yield | 1.08% | 1.08% | |
| Holdings | 234 | 509 | |
| YTD Return | +20.52% | +12.73% | |
| 1Y Return | +28.57% | +20.59% | |
| 3Y Return (annualized) | +23.35% | +21.70% | |
| 5Y Return (annualized) | +9.98% | +12.87% | |
| Volatility (annualized) | 16.4% | 14.1% | |
| Max Drawdown | -36.2% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 7, 2016 | Sep 7, 2010 |
SHE vs VOO Performance
State Street SPDR MSCI USA Gender Diversity ETF (SHE) is a ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SHE returned +28.57% while VOO returned +20.59%. Year to date, SHE is up 20.52% versus a gain of 12.73% for VOO.
Over three years, SHE compounded at +23.35% per year against +21.70% for VOO; over five years the annualized figures are +9.98% and +12.87% respectively. Across the full 11-year window we track, VOO has the edge at +13.47% annualized vs +10.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SHE has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -36.2% for SHE 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SHE charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, SHE currently yields 1.08% against 1.08% for VOO.
Holdings Overlap
SHE and VOO share 206 holdings out of 531 unique holdings combined, representing a 42.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SHE or VOO?
SHE has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, SHE or VOO?
Over the past year SHE returned +28.57% vs +20.59% for VOO, so SHE leads on 1-year performance. Over the longest common window we track (11 years), SHE annualized +10.61% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, SHE or VOO?
SHE has been the more volatile fund at 16.4% annualized versus 14.1% for VOO. Worst drawdown: SHE -36.2% vs VOO -34.3%.
Should I hold both SHE and VOO?
SHE and VOO have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SHE and VOO?
SHE and VOO share 206 common holdings with a 42.1% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, SHE or VOO?
SHE yields 1.08% while VOO yields 1.08%, so SHE currently pays the higher dividend yield.
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