TIER vs VOO
T. Rowe Price International Equity Research ETF vs Vanguard S&P 500 ETF
Which is better, TIER or VOO?
TIER has been ahead.
VOO has a lower expense ratio. TIER led over 1Y and the full window. TIER is less concentrated, with 16.7% of the fund in its ten largest positions against 36.4%.
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 | TIER | VOO |
|---|---|---|
| Expense Ratio | 0.38% | 0.03%Best |
| AUM | $44M | $997.4B |
| Dividend Yield | 0.66% | 1.04% |
| Holdings | 411 | 509 |
| YTD Return | +14.67%Best | +12.50% |
| 1Y Return | +22.58%Best | +17.58% |
| 3Y Return (annualized) | - | +21.27% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 13.7% | 11.9%Best |
| Max Drawdown | -12.1% | -8.9%Best |
| $10,000 over 1.2 years | $13,038Best | $12,615 |
| Top 10 Weight | 16.7%Best | 36.4% |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 25, 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 26, 2025 to Sep 11, 2026 (1.2 years).
TIER 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.
TIER vs VOO Performance
T. Rowe Price International Equity Research ETF (TIER) is an ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year TIER returned +22.58% while VOO returned +17.58%. Year to date, TIER is up 14.67% versus a gain of 12.50% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TIER has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 11.9% 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 -12.1% for TIER 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TIER charges 0.38% per year while VOO charges 0.03%. On a $10,000 position that is $38 vs $3 annually, a gap of $35 per year that compounds over a long holding period. On income, TIER currently yields 0.66% against 1.04% for VOO.
Holdings Overlap
0.1% of TIER's money is in holdings VOO also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 390 positions we hold weights for in TIER and 505 in VOO, against full books of 411 and 509.
What only one of them owns
Our book lists 495 positions for VOO that do not appear in our book for TIER (99.4% of the fund), and 14 for TIER that do not appear in VOO (4.3%).
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 TIER | Weight in VOO | Difference |
|---|---|---|---|
| RMDResmed Inc. | 0.14% | 0.04% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of TIER 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, TIER or VOO?
TIER has an expense ratio of 0.38% while VOO charges 0.03%. VOO is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, TIER or VOO?
Over the past year TIER returned +22.58% vs +17.58% for VOO, so TIER leads on 1-year performance. Over the longest common window we track (1 years), TIER annualized +24.74% vs +21.36% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TIER or VOO?
TIER has been the more volatile fund at 13.7% annualized versus 11.9% for VOO. Worst drawdown: TIER -12.1% vs VOO -8.9%.
Should I hold both TIER and VOO?
TIER and VOO have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, TIER or VOO?
TIER yields 0.66% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than TIER?
VOO has a lower expense ratio. TIER led over 1Y and the full window. TIER is less concentrated, with 16.7% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.