SPXT vs VOO
ProShares S&P 500 Ex-Technology ETF vs Vanguard S&P 500 ETF
Which is better, SPXT or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. SPXT is less concentrated, with 30.4% 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 | SPXT | VOO |
|---|---|---|
| Expense Ratio | 0.09% | 0.03%Best |
| AUM | $295M | $997.4B |
| Dividend Yield | 1.33% | 1.04% |
| Holdings | 430 | 509 |
| YTD Return | +6.83% | +11.98%Best |
| 1Y Return | +10.98% | +16.45%Best |
| 3Y Return (annualized) | +15.80% | +21.19%Best |
| 5Y Return (annualized) | +9.32% | +12.95%Best |
| Volatility (annualized) | 14.3%Best | 15.1% |
| Max Drawdown | -34.4% | -34.3%Best |
| $10,000 over 5 years | $15,613 | $18,384Best |
| Top 10 Weight | 30.4%Best | 37.6% |
| Fund Family | ProShares | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 22, 2015 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2015 to Sep 14, 2026 (11 years).
SPXT 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 11 years both funds cover.
SPXT vs VOO Performance
ProShares S&P 500 Ex-Technology ETF (SPXT) is an ETF from ProShares and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SPXT returned +10.98% while VOO returned +16.45%. Year to date, SPXT is up 6.83% versus a gain of 11.98% for VOO.
Over three years, SPXT compounded at +15.80% per year against +21.19% for VOO; over five years the annualized figures are +9.32% and +12.95% respectively. Across the full 11-year window we track, VOO has the edge at +14.15% annualized vs +10.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.3% for SPXT. 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 -34.4% for SPXT 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPXT charges 0.09% per year while VOO charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, SPXT currently yields 1.33% against 1.04% for VOO.
Holdings Overlap
97.3% of SPXT's money is in holdings VOO also owns. 61.7% of VOO's money is in holdings SPXT also owns.
Most of SPXT is already inside VOO. Owning both mostly buys the same companies twice.
410 positions in common, counted across the 429 positions we hold weights for in SPXT and 494 in VOO, against full books of 430 and 509.
What only one of them owns
Our book lists 82 positions for VOO that do not appear in our book for SPXT (37.7% of the fund), and 13 for SPXT that do not appear in VOO (1.8%).
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 SPXT | Weight in VOO | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 6.18% | 4.13% | 2.05% |
| GOOGLAlphabet Inc,class A | 4.84% | 3.24% | 1.60% |
| GOOGAlphabet Inc | 3.85% | 2.62% | 1.23% |
| METAMeta Platforms Inc | 3.05% | 1.90% | 1.15% |
| TSLATesla Inc | 2.52% | 1.36% | 1.16% |
| JPMJpmorgan Chase | 2.32% | 1.46% | 0.86% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.25% | 1.46% | 0.79% |
| LLYEli Lilly & Co. | 2.22% | 1.41% | 0.81% |
| XOMExxon Mobil Corp. | 1.62% | 1.00% | 0.62% |
| JNJJohnson & Johnson - Common | 1.56% | 0.96% | 0.60% |
97.3% of SPXT 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, SPXT or VOO?
SPXT has an expense ratio of 0.09% while VOO charges 0.03%. VOO is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, SPXT or VOO?
Over the past year SPXT returned +10.98% vs +16.45% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), SPXT annualized +10.56% vs +14.15% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXT or VOO?
VOO has been the more volatile fund at 15.1% annualized versus 14.3% for SPXT. Worst drawdown: SPXT -34.4% vs VOO -34.3%.
Should I hold both SPXT and VOO?
SPXT and VOO have a monthly-return correlation of 0.95, 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 SPXT and VOO?
97.3% of SPXT's money is in holdings VOO also owns. 61.7% of VOO's is in holdings SPXT also owns. They hold 410 positions in common, counted across the 429 positions we hold weights for in SPXT and 494 in VOO.
Which pays a higher dividend, SPXT or VOO?
SPXT yields 1.33% while VOO yields 1.04%, so SPXT currently pays the higher dividend yield.
Is VOO better than SPXT?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. SPXT is less concentrated, with 30.4% 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.