SPVM vs VOO
Invesco S&P 500 Value with Momentum ETF vs Vanguard S&P 500 ETF
Which is better, SPVM or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. SPVM led over 1Y, VOO over 3Y, 5Y and the full window. SPVM is less concentrated, with 15.9% 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 | SPVM | VOO |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $137M | $997.4B |
| Dividend Yield | 1.94% | 1.04% |
| Holdings | 102 | 509 |
| YTD Return | +11.91% | +12.37%Best |
| 1Y Return | +17.95%Best | +16.61% |
| 3Y Return (annualized) | +17.95% | +21.37%Best |
| 5Y Return (annualized) | +11.83% | +13.49%Best |
| Volatility (annualized) | 16.4% | 14.3%Best |
| Max Drawdown | -45.9% | -34.3%Best |
| $10,000 over 5 years | $17,490 | $18,827Best |
| Top 10 Weight | 15.9%Best | 37.6% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 16, 2011 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jun 29, 2011 to Sep 18, 2026 (15.2 years).
SPVM 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 15.2 years both funds cover.
SPVM vs VOO Performance
Invesco S&P 500 Value with Momentum ETF (SPVM) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SPVM returned +17.95% while VOO returned +16.61%. Year to date, SPVM is up 11.91% versus a gain of 12.37% for VOO.
Over three years, SPVM compounded at +17.95% per year against +21.37% for VOO; over five years the annualized figures are +11.83% and +13.49% respectively. Across the full 15-year window we track, VOO has the edge at +12.91% annualized vs +9.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPVM has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -45.9% for SPVM 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 0.85. 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 1.94% against 1.04% for VOO.
Holdings Overlap
100.0% of SPVM's money is in holdings VOO also owns. 11.7% of VOO's money is in holdings SPVM also owns.
Most of SPVM is already inside VOO. Owning both mostly buys the same companies twice.
100 positions in common, counted across the 101 positions we hold weights for in SPVM and 494 in VOO, against full books of 102 and 509.
What only one of them owns
Our book lists 388 positions for VOO that do not appear in our book for SPVM (87.5% of the fund), and 1 for SPVM that do not appear in VOO (0.0%).
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 SPVM | Weight in VOO | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 0.88% | 1.46% | 0.58% |
| ALLAllstate Corp. | 1.80% | 0.11% | 1.69% |
| GMGeneral Motors Co | 1.75% | 0.12% | 1.63% |
| PSXPhillips 66 | 1.74% | 0.13% | 1.61% |
| BACBank of America Corp.: Financials | 1.23% | 0.63% | 0.60% |
| MPCMarathon Petroleum Corp | 1.62% | 0.14% | 1.48% |
| XOMExxon Mobil Corp. | 0.74% | 1.00% | 0.26% |
| TRVThe Travelers Cos, Inc. | 1.58% | 0.12% | 1.46% |
| VLOValero Energy | 1.52% | 0.14% | 1.38% |
| CVSCvs Corp | 1.44% | 0.21% | 1.23% |
100.0% of SPVM 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, SPVM or VOO?
SPVM has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, SPVM or VOO?
Over the past year SPVM returned +17.95% vs +16.61% for VOO, so SPVM leads on 1-year performance. Over the longest common window we track (15 years), SPVM annualized +9.96% vs +12.91% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPVM or VOO?
SPVM has been the more volatile fund at 16.4% annualized versus 14.3% 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 their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPVM and VOO?
100.0% of SPVM's money is in holdings VOO also owns. 11.7% of VOO's is in holdings SPVM also owns. They hold 100 positions in common, counted across the 101 positions we hold weights for in SPVM and 494 in VOO.
Which pays a higher dividend, SPVM or VOO?
SPVM yields 1.94% while VOO yields 1.04%, so SPVM currently pays the higher dividend yield.
Is VOO better than SPVM?
VOO has a lower expense ratio. SPVM led over 1Y, VOO over 3Y, 5Y and the full window. SPVM is less concentrated, with 15.9% 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.