VMAX vs VOO
Hartford US Value ETF vs Vanguard S&P 500 ETF
Which is better, VMAX or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VMAX led over 1Y, VOO over the full window. VMAX is less concentrated, with 20.4% 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 | VMAX | VOO |
|---|---|---|
| Expense Ratio | 0.29% | 0.03%Best |
| AUM | $50M | $997.4B |
| Dividend Yield | 1.80% | 1.04% |
| Holdings | 142 | 509 |
| YTD Return | +18.93%Best | +11.48% |
| 1Y Return | +23.34%Best | +15.94% |
| 3Y Return (annualized) | - | +21.01% |
| 5Y Return (annualized) | - | +12.66% |
| Volatility (annualized) | 12.0% | 11.9%Best |
| Max Drawdown | -19.1% | -18.7%Best |
| $10,000 over 2.8 years | $17,199 | $17,343Best |
| Top 10 Weight | 20.4%Best | 37.6% |
| Fund Family | Hartford Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 5, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 6, 2023 to Sep 15, 2026 (2.8 years).
VMAX 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 2.8 years both funds cover.
VMAX vs VOO Performance
Hartford US Value ETF (VMAX) is an ETF from Hartford Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year VMAX returned +23.34% while VOO returned +15.94%. Year to date, VMAX is up 18.93% versus a gain of 11.48% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VMAX has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 11.9% 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 -19.1% for VMAX 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VMAX charges 0.29% per year while VOO charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, VMAX currently yields 1.80% against 1.04% for VOO.
Holdings Overlap
81.7% of VMAX's money is in holdings VOO also owns. 44.2% of VOO's money is in holdings VMAX also owns.
Most of VMAX is already inside VOO. Owning both mostly buys the same companies twice.
102 positions in common, counted across the 140 positions we hold weights for in VMAX and 494 in VOO, against full books of 142 and 509.
What only one of them owns
Our book lists 385 positions for VOO that do not appear in our book for VMAX (55.0% of the fund), and 35 for VMAX that do not appear in VOO (17.9%).
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 VMAX | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.91% | 7.55% | 6.64% |
| AAPLApple, Inc | 0.42% | 7.05% | 6.63% |
| GOOGLAlphabet Inc,class A | 1.97% | 3.24% | 1.27% |
| METAMeta Platforms Inc | 0.92% | 1.90% | 0.98% |
| JNJJohnson & Johnson - Common | 1.74% | 0.96% | 0.78% |
| MRKMerck & Company Inc | 2.13% | 0.50% | 1.63% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.16% | 1.46% | 0.30% |
| BKBank Of New York Mellon Corp | 2.41% | 0.17% | 2.24% |
| XOMExxon Mobil Corp. | 1.55% | 1.00% | 0.55% |
| STTState Street Corp. | 2.43% | 0.08% | 2.35% |
81.7% of VMAX 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, VMAX or VOO?
VMAX has an expense ratio of 0.29% while VOO charges 0.03%. VOO is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, VMAX or VOO?
Over the past year VMAX returned +23.34% vs +15.94% for VOO, so VMAX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VMAX or VOO?
VMAX has been the more volatile fund at 12.0% annualized versus 11.9% for VOO. Worst drawdown: VMAX -19.1% vs VOO -18.7%.
Should I hold both VMAX and VOO?
VMAX and VOO have a monthly-return correlation of 0.72, 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 VMAX and VOO?
81.7% of VMAX's money is in holdings VOO also owns. 44.2% of VOO's is in holdings VMAX also owns. They hold 102 positions in common, counted across the 140 positions we hold weights for in VMAX and 494 in VOO.
Which pays a higher dividend, VMAX or VOO?
VMAX yields 1.80% while VOO yields 1.04%, so VMAX currently pays the higher dividend yield.
Is VOO better than VMAX?
VOO has a lower expense ratio. VMAX led over 1Y, VOO over the full window. VMAX is less concentrated, with 20.4% 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.