TVAL vs VOO
T. Rowe Price Value ETF vs Vanguard S&P 500 ETF
Which is better, TVAL or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. TVAL led over 1Y, VOO over 3Y and the full window. TVAL is less concentrated, with 29.1% of the fund in its ten largest positions against 37.6%.
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 | TVAL | VOO |
|---|---|---|
| Expense Ratio | 0.33% | 0.03%Best |
| AUM | $1.0B | $997.4B |
| Dividend Yield | 0.95% | 1.04% |
| Holdings | 155 | 509 |
| YTD Return | +20.32%Best | +11.48% |
| 1Y Return | +28.25%Best | +15.94% |
| 3Y Return (annualized) | +19.46% | +21.01%Best |
| 5Y Return (annualized) | - | +12.66% |
| Volatility (annualized) | 12.3%Best | 12.7% |
| Max Drawdown | -15.8%Best | -18.7% |
| $10,000 over 3.3 years | $17,388 | $18,022Best |
| Top 10 Weight | 29.1%Best | 37.6% |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 14, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 15, 2023 to Sep 15, 2026 (3.3 years).
TVAL 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 3.3 years both funds cover.
TVAL vs VOO Performance
T. Rowe Price Value ETF (TVAL) is an ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year TVAL returned +28.25% while VOO returned +15.94%. Year to date, TVAL is up 20.32% versus a gain of 11.48% for VOO.
Over three years, TVAL compounded at +19.46% per year against +21.01% 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 12.7% compared with 12.3% for TVAL. 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 -15.8% for TVAL and -18.7% 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TVAL charges 0.33% per year while VOO charges 0.03%. On a $10,000 position that is $33 vs $3 annually, a gap of $30 per year that compounds over a long holding period. On income, TVAL currently yields 0.95% against 1.04% for VOO.
Holdings Overlap
90.2% of TVAL's money is in holdings VOO also owns. 49.6% of VOO's money is in holdings TVAL also owns.
Most of TVAL is already inside VOO. Owning both mostly buys the same companies twice.
126 positions in common, counted across the 151 positions we hold weights for in TVAL and 494 in VOO, against full books of 155 and 509.
What only one of them owns
Our book lists 361 positions for VOO that do not appear in our book for TVAL (49.6% of the fund), and 16 for TVAL that do not appear in VOO (4.7%).
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 TVAL | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.94% | 7.05% | 2.11% |
| AMZNAmazon.Com Inc | 6.73% | 4.13% | 2.60% |
| MSFTMicrosoft Corp | 5.17% | 5.36% | 0.19% |
| JPMJpmorgan Chase | 1.64% | 1.46% | 0.18% |
| GOOGAlphabet Inc | 0.35% | 2.62% | 2.27% |
| XOMExxon Mobil Corp. | 1.96% | 1.00% | 0.96% |
| JNJJohnson & Johnson - Common | 1.84% | 0.96% | 0.88% |
| METAMeta Platforms Inc | 0.59% | 1.90% | 1.31% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.40% | 0.71% | 0.69% |
| PGProcter & Gamble Company | 1.57% | 0.52% | 1.05% |
90.2% of TVAL 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, TVAL or VOO?
TVAL has an expense ratio of 0.33% while VOO charges 0.03%. VOO is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, TVAL or VOO?
Over the past year TVAL returned +28.25% vs +15.94% for VOO, so TVAL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TVAL or VOO?
VOO has been the more volatile fund at 12.7% annualized versus 12.3% for TVAL. Worst drawdown: TVAL -15.8% vs VOO -18.7%.
Should I hold both TVAL and VOO?
TVAL and VOO have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between TVAL and VOO?
90.2% of TVAL's money is in holdings VOO also owns. 49.6% of VOO's is in holdings TVAL also owns. They hold 126 positions in common, counted across the 151 positions we hold weights for in TVAL and 494 in VOO.
Which pays a higher dividend, TVAL or VOO?
TVAL yields 0.95% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than TVAL?
VOO has a lower expense ratio. TVAL led over 1Y, VOO over 3Y and the full window. TVAL is less concentrated, with 29.1% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.