SPGP vs VOO
Invesco S&P 500 GARP ETF vs Vanguard S&P 500 ETF
Which is better, SPGP or VOO?
Each has led over a different period.
VOO has a lower expense ratio. SPGP led over the full window, VOO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.92. SPGP is less concentrated, with 19.9% 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 | SPGP | VOO |
|---|---|---|
| Expense Ratio | 0.36% | 0.03%Best |
| AUM | $2.2B | $997.4B |
| Dividend Yield | 0.81% | 1.04% |
| Holdings | 77 | 509 |
| YTD Return | +6.33% | +12.37%Best |
| 1Y Return | +7.73% | +16.61%Best |
| 3Y Return (annualized) | +10.41% | +21.37%Best |
| 5Y Return (annualized) | +7.50% | +13.49%Best |
| Volatility (annualized) | 16.3% | 14.3%Best |
| Max Drawdown | -42.4% | -34.3%Best |
| $10,000 over 5 years | $14,356 | $18,827Best |
| Top 10 Weight | 19.9%Best | 37.6% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 16, 2011 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2011 to Sep 18, 2026 (15.3 years).
SPGP 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 15.3 years both funds cover.
SPGP vs VOO Performance
Invesco S&P 500 GARP ETF (SPGP) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SPGP returned +7.73% while VOO returned +16.61%. Year to date, SPGP is up 6.33% versus a gain of 12.37% for VOO.
Over three years, SPGP compounded at +10.41% per year against +21.37% for VOO; over five years the annualized figures are +7.50% and +13.49% respectively. Across the full 15-year window we track, SPGP has the edge at +13.08% annualized vs +13.07%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPGP has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 14.3% 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 -42.4% for SPGP 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPGP charges 0.36% per year while VOO charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, SPGP currently yields 0.81% against 1.04% for VOO.
Holdings Overlap
98.8% of SPGP's money is in holdings VOO also owns. 29.1% of VOO's money is in holdings SPGP also owns.
Most of SPGP is already inside VOO. Owning both mostly buys the same companies twice.
74 positions in common, counted across the 76 positions we hold weights for in SPGP and 494 in VOO, against full books of 77 and 509.
What only one of them owns
Measured across the 76 and 494 positions we hold weights for.
VOO holds 413 positions SPGP does not, 70.0% of the fund.
Largest: AAPL 7.05%, AMZN 4.13%, GOOGL 3.24%, AVGO 2.86%, JPM 1.46%
Top Shared Holdings
| Stock | Weight in SPGP | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.35% | 7.55% | 5.20% |
| MSFTMicrosoft Corp | 1.22% | 5.36% | 4.14% |
| GOOGAlphabet Inc | 1.14% | 2.62% | 1.48% |
| METAMeta Platforms Inc | 1.53% | 1.90% | 0.37% |
| LLYEli Lilly & Co. | 1.82% | 1.41% | 0.41% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.20% | 1.46% | 0.26% |
| ANETArista Networks Inc. | 2.12% | 0.29% | 1.83% |
| GEGeneral Electric Co. | 1.83% | 0.58% | 1.25% |
| PGRProgressive Corporation | 1.99% | 0.19% | 1.80% |
| NEMNewmont Corp Common | 2.00% | 0.16% | 1.84% |
98.8% of SPGP 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, SPGP or VOO?
SPGP has an expense ratio of 0.36% while VOO charges 0.03%. VOO is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, SPGP or VOO?
Over the past year SPGP returned +7.73% vs +16.61% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (15 years), SPGP annualized +13.08% vs +13.07% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPGP or VOO?
SPGP has been the more volatile fund at 16.3% annualized versus 14.3% for VOO. Worst drawdown: SPGP -42.4% vs VOO -34.3%.
Should I hold both SPGP and VOO?
SPGP and VOO have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPGP and VOO?
98.8% of SPGP's money is in holdings VOO also owns. 29.1% of VOO's is in holdings SPGP also owns. They hold 74 positions in common, counted across the 76 positions we hold weights for in SPGP and 494 in VOO.
Which pays a higher dividend, SPGP or VOO?
SPGP yields 0.81% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than SPGP?
VOO has a lower expense ratio. SPGP led over the full window, VOO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.92. SPGP is less concentrated, with 19.9% 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.