TFNS vs VOO
T. Rowe Price Financials ETF vs Vanguard S&P 500 ETF
Which is better, TFNS or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 49.5%.
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 | TFNS | VOO |
|---|---|---|
| Expense Ratio | 0.44% | 0.03%Best |
| AUM | $19M | $997.4B |
| Dividend Yield | 0.46% | 1.04% |
| Holdings | 84 | 509 |
| YTD Return | +6.58% | +12.50%Best |
| 1Y Return | +10.75% | +17.58%Best |
| 3Y Return (annualized) | - | +21.27% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 11.6%Best | 11.9% |
| Max Drawdown | -14.0% | -8.9%Best |
| $10,000 over 1.2 years | $11,729 | $12,725Best |
| Top 10 Weight | 49.5% | 36.4%Best |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 11, 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: Jun 12, 2025 to Sep 11, 2026 (1.2 years).
TFNS 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.
TFNS vs VOO Performance
T. Rowe Price Financials ETF (TFNS) is an ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year TFNS returned +10.75% while VOO returned +17.58%. Year to date, TFNS is up 6.58% versus a gain of 12.50% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 11.6% for TFNS. 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 -14.0% for TFNS 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 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TFNS charges 0.44% per year while VOO charges 0.03%. On a $10,000 position that is $44 vs $3 annually, a gap of $41 per year that compounds over a long holding period. On income, TFNS currently yields 0.46% against 1.04% for VOO.
Holdings Overlap
81.1% of TFNS's money is in holdings VOO also owns. 9.9% of VOO's money is in holdings TFNS also owns.
Most of TFNS is already inside VOO. Owning both mostly buys the same companies twice.
49 positions in common, counted across the 83 positions we hold weights for in TFNS and 505 in VOO, against full books of 84 and 509.
What only one of them owns
Our book lists 447 positions for VOO that do not appear in our book for TFNS (89.5% of the fund), and 29 for TFNS that do not appear in VOO (13.3%).
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 TFNS | Weight in VOO | Difference |
|---|---|---|---|
| BRK.BBerkshire Hathaway B | 9.46% | 1.42% | 8.04% |
| VVisa Inc | 6.72% | 0.87% | 5.85% |
| MAMastercard Inc | 6.04% | 0.64% | 5.40% |
| JPMJpmorgan Chase & Co. | 4.80% | 1.26% | 3.54% |
| BACBank Of America Corp. | 4.58% | 0.58% | 4.00% |
| WFCWells Fargo & Co. | 4.44% | 0.39% | 4.05% |
| GSGoldman Sachs Group Inc. | 3.76% | 0.44% | 3.32% |
| SCHWCharles Schwab Corp. | 3.52% | 0.23% | 3.29% |
| COFCapital One Financial Corp. | 2.97% | 0.19% | 2.78% |
| MSMorgan Stanley | 2.73% | 0.39% | 2.34% |
81.1% of TFNS 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, TFNS or VOO?
TFNS has an expense ratio of 0.44% while VOO charges 0.03%. VOO is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, TFNS or VOO?
Over the past year TFNS returned +10.75% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), TFNS annualized +14.21% vs +22.24% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TFNS or VOO?
VOO has been the more volatile fund at 11.9% annualized versus 11.6% for TFNS. Worst drawdown: TFNS -14.0% vs VOO -8.9%.
Should I hold both TFNS and VOO?
TFNS and VOO have a monthly-return correlation of 0.34, 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 TFNS and VOO?
81.1% of TFNS's money is in holdings VOO also owns. 9.9% of VOO's is in holdings TFNS also owns. They hold 49 positions in common, counted across the 83 positions we hold weights for in TFNS and 505 in VOO.
Which pays a higher dividend, TFNS or VOO?
TFNS yields 0.46% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than TFNS?
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 49.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.