SHRT vs VOO
Gotham Short Strategies ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. SHRT offers more diversification with 806 holdings.
Side-by-Side Comparison
| Metric | SHRT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.35% | 0.03% | |
| AUM | $13M | $997.4B | |
| Dividend Yield | 0.08% | 1.08% | |
| Holdings | 806 | 509 | |
| YTD Return | -12.73% | +12.76% | |
| 1Y Return | -12.72% | +20.14% | |
| 3Y Return (annualized) | - | +21.69% | |
| 5Y Return (annualized) | - | +13.00% | |
| Volatility (annualized) | 13.2% | 14.1% | |
| Max Drawdown | -27.8% | -34.3% | |
| Fund Family | Gotham ETFs | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 6, 2023 | Sep 7, 2010 |
SHRT vs VOO Performance
Gotham Short Strategies ETF (SHRT) is a ETF from Gotham ETFs and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SHRT returned -12.72% while VOO returned +20.14%. Year to date, SHRT is down 12.73% versus a gain of 12.76% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.2% for SHRT. 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 -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 -0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.08% for VOO.
Holdings Overlap
SHRT and VOO share 138 holdings out of 768 unique holdings combined, representing a 7.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $132 per year of difference.
Which performed better, SHRT or VOO?
Over the past year SHRT returned -12.72% vs +20.14% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), SHRT annualized -7.52% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, SHRT or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.2% for SHRT. Worst drawdown: SHRT -27.8% vs VOO -34.3%.
Should I hold both SHRT and VOO?
SHRT and VOO have a monthly-return correlation of -0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SHRT and VOO?
SHRT and VOO share 138 common holdings with a 7.4% weight overlap. Combined, they hold 768 unique securities.
Which pays a higher dividend, SHRT or VOO?
SHRT yields 0.08% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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