TCPB vs VOO
TCPB vs VOO
Thrivent Core Plus Bond 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 | TCPB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $470M | $979.0B | |
| Dividend Yield | 5.16% | 1.09% | |
| Holdings | 462 | 509 | |
| YTD Return | +0.27% | +13.80% | |
| 1Y Return | +3.06% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 3.3% | 14.1% | |
| Max Drawdown | -2.7% | -34.3% | |
| Fund Family | Thrivent Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 19, 2025 | Sep 7, 2010 |
TCPB vs VOO Performance
Thrivent Core Plus Bond ETF (TCPB) is a ETF from Thrivent Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TCPB returned +3.06% while VOO returned +23.71%. Year to date, TCPB is up 0.27% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.3% for TCPB. 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 -2.7% for TCPB 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TCPB 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, TCPB currently yields 5.16% against 1.09% for VOO.
Holdings Overlap
TCPB and VOO share 1 holdings out of 749 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in TCPB | Weight in VOO | Difference |
|---|---|---|---|
| AON | 0.17% | 0.11% | 0.06% |
Frequently Asked Questions
Which is cheaper, TCPB or VOO?
TCPB 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, TCPB or VOO?
Over the past year TCPB returned +3.06% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), TCPB annualized +4.47% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, TCPB or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.3% for TCPB. Worst drawdown: TCPB -2.7% vs VOO -34.3%.
Should I hold both TCPB and VOO?
TCPB and VOO have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TCPB and VOO?
TCPB and VOO share 1 common holdings with a 0.1% weight overlap. Combined, they hold 749 unique securities.
Which pays a higher dividend, TCPB or VOO?
TCPB yields 5.16% while VOO yields 1.09%, so TCPB currently pays the higher dividend yield.
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