TCV vs VOO
Towle Value ETF vs Vanguard S&P 500 ETF
Which is better, TCV or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. TCV led over 1Y and the full window. TCV is less concentrated, with 29.5% 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 | TCV | VOO |
|---|---|---|
| Expense Ratio | 0.85% | 0.03%Best |
| AUM | $203M | $997.4B |
| Dividend Yield | 0.56% | 1.04% |
| Holdings | 50 | 509 |
| YTD Return | +22.62%Best | +13.31% |
| 1Y Return | +25.41%Best | +17.07% |
| 3Y Return (annualized) | - | +22.72% |
| 5Y Return (annualized) | - | +13.19% |
| Volatility (annualized) | 16.3% | 12.3%Best |
| Max Drawdown | -12.2% | -8.9%Best |
| $10,000 over 1.2 years | $12,966Best | $12,437 |
| Top 10 Weight | 29.5%Best | 37.6% |
| Fund Family | Towle | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 16, 2025 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 17, 2025 to Sep 23, 2026 (1.2 years).
TCV 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 1.2 years both funds cover.
TCV vs VOO Performance
Towle Value ETF (TCV) is an ETF from Towle and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year TCV returned +25.41% while VOO returned +17.07%. Year to date, TCV is up 22.62% versus a gain of 13.31% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TCV has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 12.3% 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 -12.2% for TCV and -8.9% 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 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TCV charges 0.85% per year while VOO charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, TCV currently yields 0.56% against 1.04% for VOO.
Holdings Overlap
1.3% of TCV's money is in holdings VOO also owns.
TCV and VOO share little of their money.
1 positions in common, counted across the 51 positions we hold weights for in TCV and 494 in VOO, against full books of 50 and 509.
What only one of them owns
Our book lists 486 positions for VOO that do not appear in our book for TCV (99.1% of the fund), and 48 for TCV that do not appear in VOO (94.7%).
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 TCV | Weight in VOO | Difference |
|---|---|---|---|
| LULULululemon Athletica, Inc | 1.29% | 0.02% | 1.27% |
You are not choosing between two funds in isolation.
Whichever of TCV and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TCV or VOO?
TCV has an expense ratio of 0.85% while VOO charges 0.03%. VOO is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, TCV or VOO?
Over the past year TCV returned +25.41% vs +17.07% for VOO, so TCV leads on 1-year performance. Over the longest common window we track (1 years), TCV annualized +24.17% vs +19.93% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TCV or VOO?
TCV has been the more volatile fund at 16.3% annualized versus 12.3% for VOO. Worst drawdown: TCV -12.2% vs VOO -8.9%.
Should I hold both TCV and VOO?
TCV and VOO have a monthly-return correlation of 0.61, 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 TCV and VOO?
1.3% of TCV's money is in holdings VOO also owns. 0.0% of VOO's is in holdings TCV also owns. They hold 1 positions in common, counted across the 51 positions we hold weights for in TCV and 494 in VOO.
Which pays a higher dividend, TCV or VOO?
TCV yields 0.56% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than TCV?
VOO has a lower expense ratio. TCV led over 1Y and the full window. TCV is less concentrated, with 29.5% 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.