TMET vs VOO
iShares Transition-Enabling Metals ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. TMET delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | TMET | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.48% | 0.03% | |
| AUM | $13M | $979.0B | |
| Dividend Yield | 12.93% | 1.09% | |
| Holdings | 20 | 509 | |
| YTD Return | +12.70% | +14.48% | |
| 1Y Return | +63.60% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 22.4% | 14.2% | |
| Max Drawdown | -22.2% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Sep 26, 2023 | Sep 7, 2010 |
TMET vs VOO Performance
iShares Transition-Enabling Metals ETF (TMET) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TMET returned +63.60% while VOO returned +22.02%. Year to date, TMET is up 12.70% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
TMET has been the more volatile fund, with annualized monthly volatility of 22.4% 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 -22.2% for TMET 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 -0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TMET charges 0.48% per year while VOO charges 0.03%. On a $10,000 position that is $48 vs $3 annually, a gap of $45 per year that compounds over a long holding period. On income, TMET currently yields 12.93% against 1.09% for VOO.
Holdings Overlap
TMET and VOO share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TMET or VOO?
TMET has an expense ratio of 0.48% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, TMET or VOO?
Over the past year TMET returned +63.60% vs +22.02% for VOO, so TMET leads on 1-year performance. Over the longest common window we track (3 years), TMET annualized +40.68% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, TMET or VOO?
TMET has been the more volatile fund at 22.4% annualized versus 14.2% for VOO. Worst drawdown: TMET -22.2% vs VOO -34.3%.
Should I hold both TMET and VOO?
TMET and VOO have a monthly-return correlation of -0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TMET and VOO?
TMET and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, TMET or VOO?
TMET yields 12.93% while VOO yields 1.09%, so TMET currently pays the higher dividend yield.
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