VOO vs VPV
Vanguard S&P 500 ETF vs Invesco Pennsylvania Value Municipal Income Trust
Which is better, VOO or VPV?
Large Cap Blend against Municipal Pennsylvania.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window.
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 | VOO | VPV |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.71% |
| AUM | $997.4B | $3,177.19 |
| Dividend Yield | 1.04% | 7.70% |
| Holdings | 509 | 141 |
| YTD Return | +12.50%Best | +9.58% |
| 1Y Return | +17.58%Best | +14.71% |
| 3Y Return (annualized) | +21.27%Best | +12.48% |
| 5Y Return (annualized) | +12.95%Best | +1.72% |
| Volatility (annualized) | 14.1% | 12.5%Best |
| Max Drawdown | -34.3%Best | -43.8% |
| $10,000 over 5 years | $18,384Best | $10,890 |
| Fund Family | Vanguard (US) | Invesco (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal Pennsylvania |
| Inception | Sep 7, 2010 | Apr 30, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 11, 2026 (16 years).
VOO vs VPV 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
VOO vs VPV Performance
Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US) and Invesco Pennsylvania Value Municipal Income Trust (VPV) is an ETF from Invesco (US). Over the past year VOO returned +17.58% while VPV returned +14.71%. Year to date, VOO is up 12.50% versus a gain of 9.58% for VPV.
Over three years, VOO compounded at +21.27% per year against +12.48% for VPV; over five years the annualized figures are +12.95% and +1.72% respectively. Across the full 16-year window we track, VOO has the edge at +13.41% annualized vs +0.32%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.5% for VPV. 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 -34.3% for VOO and -43.8% for VPV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
VOO charges 0.03% per year while VPV charges 1.71%. On a $10,000 position that is $3 vs $171 annually, a gap of $168 per year that compounds over a long holding period. On income, VOO currently yields 1.04% against 7.70% for VPV.
You are not choosing between two funds in isolation.
Whichever of VOO and VPV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VOO or VPV?
VOO has an expense ratio of 0.03% while VPV charges 1.71%. VOO is the cheaper option, by $168 a year on a $10,000 investment.
Which performed better, VOO or VPV?
Over the past year VOO returned +17.58% vs +14.71% for VPV, so VOO leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.41% vs +0.32% for VPV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOO or VPV?
VOO has been the more volatile fund at 14.1% annualized versus 12.5% for VPV. Worst drawdown: VOO -34.3% vs VPV -43.8%.
Should I hold both VOO and VPV?
VOO and VPV have a monthly-return correlation of 0.31, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, VOO or VPV?
VOO yields 1.04% while VPV yields 7.70%, so VPV currently pays the higher dividend yield.
Is VPV better than VOO?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.