TOPT vs VOO
iShares Top 20 US Stocks ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | TOPT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $674M | $997.4B | |
| Dividend Yield | 0.39% | 1.08% | |
| Holdings | 25 | 509 | |
| YTD Return | +7.39% | +12.73% | |
| 1Y Return | +16.01% | +20.59% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.87% | |
| Volatility (annualized) | 15.8% | 14.1% | |
| Max Drawdown | -21.2% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 23, 2024 | Sep 7, 2010 |
TOPT vs VOO Performance
iShares Top 20 US Stocks ETF (TOPT) 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 TOPT returned +16.01% while VOO returned +20.59%. Year to date, TOPT is up 7.39% versus a gain of 12.73% for VOO.
Risk: Volatility and Drawdowns
TOPT has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 14.1% 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 -21.2% for TOPT 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
TOPT charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, TOPT currently yields 0.39% against 1.08% for VOO.
Holdings Overlap
TOPT and VOO share 21 holdings out of 506 unique holdings combined, representing a 47.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TOPT or VOO?
TOPT has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, TOPT or VOO?
Over the past year TOPT returned +16.01% vs +20.59% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), TOPT annualized +17.84% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, TOPT or VOO?
TOPT has been the more volatile fund at 15.8% annualized versus 14.1% for VOO. Worst drawdown: TOPT -21.2% vs VOO -34.3%.
Should I hold both TOPT and VOO?
TOPT and VOO have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between TOPT and VOO?
TOPT and VOO share 21 common holdings with a 47.9% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, TOPT or VOO?
TOPT yields 0.39% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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