TMSL vs VOO
T. Rowe Price Small-Mid Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. TMSL delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | TMSL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $2.8B | $979.0B | |
| Dividend Yield | 0.49% | 1.09% | |
| Holdings | 347 | 509 | |
| YTD Return | +21.90% | +14.48% | |
| 1Y Return | +30.41% | +22.02% | |
| 3Y Return (annualized) | +20.15% | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 16.7% | 14.2% | |
| Max Drawdown | -24.7% | -34.3% | |
| Fund Family | T.Rowe Price | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 14, 2023 | Sep 7, 2010 |
TMSL vs VOO Performance
T. Rowe Price Small-Mid Cap ETF (TMSL) is a ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TMSL returned +30.41% while VOO returned +22.02%. Year to date, TMSL is up 21.90% versus a gain of 14.48% for VOO.
Over three years, TMSL compounded at +20.15% per year against +21.80% for VOO. Across the full 3-year window we track, TMSL has the edge at +19.93% annualized vs +13.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMSL has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -24.7% for TMSL 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TMSL charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, TMSL currently yields 0.49% against 1.09% for VOO.
Holdings Overlap
TMSL and VOO share 1 holdings out of 666 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 TMSL | Weight in VOO | Difference |
|---|---|---|---|
| VST | 0.04% | 0.08% | 0.04% |
Frequently Asked Questions
Which is cheaper, TMSL or VOO?
TMSL has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, TMSL or VOO?
Over the past year TMSL returned +30.41% vs +22.02% for VOO, so TMSL leads on 1-year performance. Over the longest common window we track (3 years), TMSL annualized +19.93% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, TMSL or VOO?
TMSL has been the more volatile fund at 16.7% annualized versus 14.2% for VOO. Worst drawdown: TMSL -24.7% vs VOO -34.3%.
Should I hold both TMSL and VOO?
TMSL and VOO have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TMSL and VOO?
TMSL and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 666 unique securities.
Which pays a higher dividend, TMSL or VOO?
TMSL yields 0.49% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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