SHRT vs VOO
Gotham Short Strategies ETF vs Vanguard S&P 500 ETF
Which is better, SHRT or VOO?
Opposite sides of the same exposure.
VOO has a lower expense ratio. VOO led over 1Y and the full window. The two move opposite each other, correlation -0.54, so holding both offsets the exposure while paying both fees. SHRT is less concentrated, with 29.9% 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 | SHRT | VOO |
|---|---|---|
| Expense Ratio | 1.35% | 0.03%Best |
| AUM | $12M | $997.4B |
| Dividend Yield | 0.08% | 1.04% |
| Holdings | 625 | 509 |
| YTD Return | -11.74% | +12.25%Best |
| 1Y Return | -11.34% | +17.03%Best |
| 3Y Return (annualized) | - | +21.25% |
| 5Y Return (annualized) | - | +13.08% |
| Volatility (annualized) | 13.0% | 11.8%Best |
| Max Drawdown | -27.8% | -18.7%Best |
| $10,000 over 2.9 years | $8,100 | $18,288Best |
| Top 10 Weight | 29.9%Best | 37.6% |
| Fund Family | Gotham ETFs | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 6, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 6, 2023 to Sep 17, 2026 (2.9 years).
SHRT 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 2.9 years both funds cover.
SHRT vs VOO Performance
Gotham Short Strategies ETF (SHRT) is an ETF from Gotham ETFs and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SHRT returned -11.34% while VOO returned +17.03%. Year to date, SHRT is down 11.74% versus a gain of 12.25% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SHRT has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 11.8% 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 -27.8% for SHRT and -18.7% 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 -0.54. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
SHRT charges 1.35% per year while VOO charges 0.03%. On a $10,000 position that is $135 vs $3 annually, a gap of $132 per year that compounds over a long holding period. On income, SHRT currently yields 0.08% against 1.04% for VOO.
Holdings Overlap
39.5% of SHRT's money is in holdings VOO also owns. 38.8% of VOO's money is in holdings SHRT also owns.
They hold the same names on opposite sides, so owning both offsets the exposure rather than doubling it.
132 positions in common, counted across the 372 positions we hold weights for in SHRT and 494 in VOO, against full books of 625 and 509.
What only one of them owns
Our book lists 356 positions for VOO that do not appear in our book for SHRT (60.3% of the fund), and 93 for SHRT that do not appear in VOO (52.9%).
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 SHRT | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | -0.75% | 7.05% | 7.80% |
| MSFTMicrosoft Corp | -0.74% | 5.36% | 6.10% |
| XOMExxon Mobil Corp. | 1.60% | 1.00% | 0.60% |
| AMZNAmazon.Com Inc | -1.83% | 4.13% | 5.96% |
| LLYEli Lilly & Co. | 0.79% | 1.41% | 0.62% |
| DDDupont De Nemours, Inc. | 2.07% | 0.03% | 2.04% |
| LMTLockheed Martin Corp | 1.74% | 0.18% | 1.56% |
| GOOGLAlphabet Inc,class A | -1.34% | 3.24% | 4.58% |
| ALBAlbemarle Corp. | 1.83% | 0.02% | 1.81% |
| OXYOccidental Petroleum Corp. | 1.62% | 0.06% | 1.56% |
39.5% of SHRT 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, SHRT or VOO?
SHRT has an expense ratio of 1.35% while VOO charges 0.03%. VOO is the cheaper option, by $132 a year on a $10,000 investment.
Which performed better, SHRT or VOO?
Over the past year SHRT returned -11.34% vs +17.03% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SHRT or VOO?
SHRT has been the more volatile fund at 13.0% annualized versus 11.8% for VOO. Worst drawdown: SHRT -27.8% vs VOO -18.7%.
Should I hold both SHRT and VOO?
SHRT and VOO have a monthly-return correlation of -0.54, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
What is the holdings overlap between SHRT and VOO?
39.5% of SHRT's money is in holdings VOO also owns. 38.8% of VOO's is in holdings SHRT also owns. They hold 132 positions in common, counted across the 372 positions we hold weights for in SHRT and 494 in VOO.
Which pays a higher dividend, SHRT or VOO?
SHRT yields 0.08% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than SHRT?
VOO has a lower expense ratio. VOO led over 1Y and the full window. The two move opposite each other, correlation -0.54, so holding both offsets the exposure while paying both fees. SHRT is less concentrated, with 29.9% 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.