TCV vs VOO
Towle Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. TCV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | TCV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.03% | |
| AUM | $209M | $979.0B | |
| Dividend Yield | 0.58% | 1.09% | |
| Holdings | 43 | 509 | |
| YTD Return | +30.40% | +14.48% | |
| 1Y Return | +39.11% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 15.8% | 14.2% | |
| Max Drawdown | -12.2% | -34.3% | |
| Fund Family | Towle | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 16, 2025 | Sep 7, 2010 |
TCV vs VOO Performance
Towle Value ETF (TCV) is a ETF from Towle and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TCV returned +39.11% while VOO returned +22.02%. Year to date, TCV is up 30.40% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
TCV has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 14.2% 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 -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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
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 0.58% against 1.09% for VOO.
Holdings Overlap
TCV and VOO share 1 holdings out of 546 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in TCV | Weight in VOO | Difference |
|---|---|---|---|
| BG | 2.25% | 0.02% | 2.23% |
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. On a $10,000 investment, that is $82 per year of difference.
Which performed better, TCV or VOO?
Over the past year TCV returned +39.11% vs +22.02% for VOO, so TCV leads on 1-year performance. Over the longest common window we track (1 years), TCV annualized +34.51% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, TCV or VOO?
TCV has been the more volatile fund at 15.8% annualized versus 14.2% for VOO. Worst drawdown: TCV -12.2% vs VOO -34.3%.
Should I hold both TCV and VOO?
TCV and VOO have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TCV and VOO?
TCV and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 546 unique securities.
Which pays a higher dividend, TCV or VOO?
TCV yields 0.58% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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