SPLV vs VOO
SPLV vs VOO
Invesco S&P 500 Low Volatility ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPLV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $7.2B | $979.0B | |
| Dividend Yield | 2.14% | 1.09% | |
| Holdings | 110 | 509 | |
| YTD Return | +8.41% | +13.80% | |
| 1Y Return | +6.07% | +23.71% | |
| 3Y Return (annualized) | +9.29% | +21.50% | |
| 5Y Return (annualized) | +6.00% | +13.44% | |
| Volatility (annualized) | 11.6% | 14.1% | |
| Max Drawdown | -36.6% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 5, 2011 | Sep 7, 2010 |
SPLV vs VOO Performance
Invesco S&P 500 Low Volatility ETF (SPLV) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPLV returned +6.07% while VOO returned +23.71%. Year to date, SPLV is up 8.41% versus a gain of 13.80% for VOO.
Over three years, SPLV compounded at +9.29% per year against +21.50% for VOO; over five years the annualized figures are +6.00% and +13.44% respectively. Across the full 15-year window we track, VOO has the edge at +13.58% annualized vs +8.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 11.6% for SPLV. 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 -36.6% for SPLV 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPLV charges 0.25% per year while VOO charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, SPLV currently yields 2.14% against 1.09% for VOO.
Holdings Overlap
SPLV and VOO share 98 holdings out of 509 unique holdings combined, representing a 14.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPLV | Weight in VOO | Difference |
|---|---|---|---|
| JNJ | 1.26% | 0.95% | 0.31% |
| JPM:US | 0.92% | 1.26% | 0.34% |
| V | 0.90% | 0.87% | 0.03% |
| KO | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| MA | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| LIN:IE | Pro | Pro | Pro |
| DUK | Pro | Pro | Pro |
See all 10 holdings SPLV shares with VOO Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, SPLV or VOO?
SPLV has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, SPLV or VOO?
Over the past year SPLV returned +6.07% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (15 years), SPLV annualized +8.45% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, SPLV or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.6% for SPLV. Worst drawdown: SPLV -36.6% vs VOO -34.3%.
Should I hold both SPLV and VOO?
SPLV and VOO have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPLV and VOO?
SPLV and VOO share 98 common holdings with a 14.7% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, SPLV or VOO?
SPLV yields 2.14% while VOO yields 1.09%, so SPLV currently pays the higher dividend yield.
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