SPVM vs VOO
Invesco S&P 500 Value with Momentum ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. SPVM delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPVM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $129M | $979.0B | |
| Dividend Yield | 2.00% | 1.09% | |
| Holdings | 104 | 509 | |
| YTD Return | +14.53% | +13.80% | |
| 1Y Return | +29.09% | +23.71% | |
| 3Y Return (annualized) | +18.24% | +21.50% | |
| 5Y Return (annualized) | +11.69% | +13.44% | |
| Volatility (annualized) | 16.5% | 14.1% | |
| Max Drawdown | -45.9% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2011 | Sep 7, 2010 |
SPVM vs VOO Performance
Invesco S&P 500 Value with Momentum ETF (SPVM) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPVM returned +29.09% while VOO returned +23.71%. Year to date, SPVM is up 14.53% versus a gain of 13.80% for VOO.
Over three years, SPVM compounded at +18.24% per year against +21.50% for VOO; over five years the annualized figures are +11.69% and +13.44% respectively. Across the full 15-year window we track, VOO has the edge at +13.58% annualized vs +10.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPVM has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -45.9% for SPVM 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPVM charges 0.39% per year while VOO charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, SPVM currently yields 2.00% against 1.09% for VOO.
Holdings Overlap
SPVM and VOO share 97 holdings out of 509 unique holdings combined, representing a 9.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPVM or VOO?
SPVM has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, SPVM or VOO?
Over the past year SPVM returned +29.09% vs +23.71% for VOO, so SPVM leads on 1-year performance. Over the longest common window we track (15 years), SPVM annualized +10.21% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, SPVM or VOO?
SPVM has been the more volatile fund at 16.5% annualized versus 14.1% for VOO. Worst drawdown: SPVM -45.9% vs VOO -34.3%.
Should I hold both SPVM and VOO?
SPVM and VOO have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPVM and VOO?
SPVM and VOO share 97 common holdings with a 9.5% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, SPVM or VOO?
SPVM yields 2.00% while VOO yields 1.09%, so SPVM currently pays the higher dividend yield.
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