THEQ vs VOO
T. Rowe Price Hedged Equity ETF vs Vanguard S&P 500 ETF
Which is better, THEQ or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. VOO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 90.2%.
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 | THEQ | VOO |
|---|---|---|
| Expense Ratio | 0.46% | 0.03%Best |
| AUM | $39M | $997.4B |
| Dividend Yield | 0.73% | 1.04% |
| Holdings | 120 | 509 |
| YTD Return | +6.49% | +11.01%Best |
| 1Y Return | +8.81% | +15.60%Best |
| 3Y Return (annualized) | - | +20.82% |
| 5Y Return (annualized) | - | +12.60% |
| Volatility (annualized) | 8.2%Best | 12.3% |
| Max Drawdown | -8.1%Best | -12.4% |
| $10,000 over 1.5 years | $12,058 | $13,573Best |
| Top 10 Weight | 90.2% | 37.6%Best |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 26, 2025 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 27, 2025 to Sep 16, 2026 (1.5 years).
THEQ 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 1.5 years both funds cover.
THEQ vs VOO Performance
T. Rowe Price Hedged Equity ETF (THEQ) is an ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year THEQ returned +8.81% while VOO returned +15.60%. Year to date, THEQ is up 6.49% versus a gain of 11.01% 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 12.3% compared with 8.2% for THEQ. 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 -8.1% for THEQ and -12.4% 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
THEQ charges 0.46% per year while VOO charges 0.03%. On a $10,000 position that is $46 vs $3 annually, a gap of $43 per year that compounds over a long holding period. On income, THEQ currently yields 0.73% against 1.04% for VOO.
Holdings Overlap
98.3% of THEQ's money is in holdings VOO also owns. 53.0% of VOO's money is in holdings THEQ also owns.
Most of THEQ is already inside VOO. Owning both mostly buys the same companies twice.
98 positions in common, counted across the 110 positions we hold weights for in THEQ and 494 in VOO, against full books of 120 and 509.
What only one of them owns
Our book lists 389 positions for VOO that do not appear in our book for THEQ (46.1% of the fund), and 7 for THEQ that do not appear in VOO (0.5%).
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 THEQ | Weight in VOO | Difference |
|---|---|---|---|
| ANETArista Networks Inc. | 82.17% | 0.29% | 81.88% |
| NVDANvidia Corp | 0.23% | 7.55% | 7.32% |
| AAPLApple, Inc | 0.07% | 7.05% | 6.98% |
| WECWec Energy Group Inc. | 5.94% | 0.06% | 5.88% |
| MSFTMicrosoft Corp | 0.27% | 5.36% | 5.09% |
| AVGOBroadcom Inc | 0.08% | 2.86% | 2.78% |
| GOOGAlphabet Inc | 0.10% | 2.62% | 2.52% |
| METAMeta Platforms Inc | 0.04% | 1.90% | 1.86% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 0.09% | 1.46% | 1.37% |
| MUMicron Technology, Inc. | 0.02% | 1.44% | 1.42% |
98.3% of THEQ 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, THEQ or VOO?
THEQ has an expense ratio of 0.46% while VOO charges 0.03%. VOO is the cheaper option, by $43 a year on a $10,000 investment.
Which performed better, THEQ or VOO?
Over the past year THEQ returned +8.81% vs +15.60% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), THEQ annualized +13.29% vs +22.59% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, THEQ or VOO?
VOO has been the more volatile fund at 12.3% annualized versus 8.2% for THEQ. Worst drawdown: THEQ -8.1% vs VOO -12.4%.
Should I hold both THEQ and VOO?
THEQ and VOO have a monthly-return correlation of 0.98, 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 THEQ and VOO?
98.3% of THEQ's money is in holdings VOO also owns. 53.0% of VOO's is in holdings THEQ also owns. They hold 98 positions in common, counted across the 110 positions we hold weights for in THEQ and 494 in VOO.
Which pays a higher dividend, THEQ or VOO?
THEQ yields 0.73% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than THEQ?
VOO has a lower expense ratio. VOO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 90.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.