USMF vs VOO
WisdomTree US Multifactor Fund vs Vanguard S&P 500 ETF
Which is better, USMF or VOO?
Mid Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. USMF is less concentrated, with 17.7% 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 | USMF | VOO |
|---|---|---|
| Expense Ratio | 0.28% | 0.03%Best |
| AUM | $279M | $997.4B |
| Dividend Yield | 1.33% | 1.04% |
| Holdings | 202 | 509 |
| YTD Return | +2.85% | +12.37%Best |
| 1Y Return | +0.92% | +16.61%Best |
| 3Y Return (annualized) | +11.43% | +21.37%Best |
| 5Y Return (annualized) | +7.36% | +13.49%Best |
| Volatility (annualized) | 14.9%Best | 15.9% |
| Max Drawdown | -36.2% | -34.3%Best |
| $10,000 over 5 years | $14,263 | $18,827Best |
| Top 10 Weight | 17.7%Best | 37.6% |
| Fund Family | WisdomTree Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Jun 29, 2017 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jun 29, 2017 to Sep 18, 2026 (9.2 years).
USMF 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 9.2 years both funds cover.
USMF vs VOO Performance
WisdomTree US Multifactor Fund (USMF) is an ETF from WisdomTree Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year USMF returned +0.92% while VOO returned +16.61%. Year to date, USMF is up 2.85% versus a gain of 12.37% for VOO.
Over three years, USMF compounded at +11.43% per year against +21.37% for VOO; over five years the annualized figures are +7.36% and +13.49% respectively. Across the full 9-year window we track, VOO has the edge at +14.27% annualized vs +9.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 14.9% for USMF. 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 -36.2% for USMF and -34.3% 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
USMF charges 0.28% per year while VOO charges 0.03%. On a $10,000 position that is $28 vs $3 annually, a gap of $25 per year that compounds over a long holding period. On income, USMF currently yields 1.33% against 1.04% for VOO.
Holdings Overlap
65.5% of USMF's money is in holdings VOO also owns. 37.8% of VOO's money is in holdings USMF also owns.
The two portfolios partly overlap.
120 positions in common, counted across the 197 positions we hold weights for in USMF and 494 in VOO, against full books of 202 and 509.
What only one of them owns
Our book lists 368 positions for VOO that do not appear in our book for USMF (61.4% of the fund), and 71 for USMF that do not appear in VOO (27.5%).
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 USMF | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.09% | 7.55% | 3.46% |
| AAPLApple, Inc | 4.21% | 7.05% | 2.84% |
| AVGOBroadcom Inc | 1.52% | 2.86% | 1.34% |
| LLYEli Lilly & Co. | 1.32% | 1.41% | 0.09% |
| MUMicron Technology, Inc. | 1.05% | 1.44% | 0.39% |
| JNJJohnson & Johnson - Common | 1.04% | 0.96% | 0.08% |
| MRKMerck & Company Inc | 0.94% | 0.50% | 0.44% |
| ABBVAbbvie Inc. | 0.70% | 0.69% | 0.01% |
| EXPEExpedia Group Inc (consumer Discretionary) | 1.33% | 0.05% | 1.28% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.65% | 0.71% | 0.06% |
65.5% of USMF 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, USMF or VOO?
USMF has an expense ratio of 0.28% while VOO charges 0.03%. VOO is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, USMF or VOO?
Over the past year USMF returned +0.92% vs +16.61% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (9 years), USMF annualized +9.94% vs +14.27% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, USMF or VOO?
VOO has been the more volatile fund at 15.9% annualized versus 14.9% for USMF. Worst drawdown: USMF -36.2% vs VOO -34.3%.
Should I hold both USMF and VOO?
USMF and VOO have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between USMF and VOO?
65.5% of USMF's money is in holdings VOO also owns. 37.8% of VOO's is in holdings USMF also owns. They hold 120 positions in common, counted across the 197 positions we hold weights for in USMF and 494 in VOO.
Which pays a higher dividend, USMF or VOO?
USMF yields 1.33% while VOO yields 1.04%, so USMF currently pays the higher dividend yield.
Is VOO better than USMF?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. USMF is less concentrated, with 17.7% 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.