VOO vs VPV
Vanguard S&P 500 ETF vs Invesco Pennsylvania Value Municipal Income Trust
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | VOO | VPV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.71% | |
| AUM | $979.0B | $3,177.19 | |
| Dividend Yield | 1.09% | 7.35% | |
| Holdings | 509 | 141 | |
| YTD Return | +13.72% | +11.72% | |
| 1Y Return | +21.63% | +20.55% | |
| 3Y Return (annualized) | +21.55% | +11.99% | |
| 5Y Return (annualized) | +13.26% | +1.72% | |
| Volatility (annualized) | 14.1% | 13.2% | |
| Max Drawdown | -34.3% | -57.3% | |
| Fund Family | Vanguard (US) | Invesco (US) | |
| Category | Equity | Tax Preferred | |
| Inception | Sep 7, 2010 | Apr 30, 1993 |
VOO vs VPV Performance
Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and Invesco Pennsylvania Value Municipal Income Trust (VPV) is a ETF from Invesco (US). Over the past year VOO returned +21.63% while VPV returned +20.55%. Year to date, VOO is up 13.72% versus a gain of 11.72% for VPV.
Over three years, VOO compounded at +21.55% per year against +11.99% for VPV; over five years the annualized figures are +13.26% and +1.72% respectively. Across the full 16-year window we track, VOO has the edge at +13.56% annualized vs +0.69%. 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 13.2% 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 -57.3% for VPV. 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.09% against 7.35% for VPV.
Holdings Overlap
VOO and VPV share 0 holdings out of 560 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $168 per year of difference.
Which performed better, VOO or VPV?
Over the past year VOO returned +21.63% vs +20.55% for VPV, so VOO leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.56% vs +0.69% for VPV. Past performance does not guarantee future results.
Which is riskier, VOO or VPV?
VOO has been the more volatile fund at 14.1% annualized versus 13.2% for VPV. Worst drawdown: VOO -34.3% vs VPV -57.3%.
Should I hold both VOO and VPV?
VOO and VPV have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VOO and VPV?
VOO and VPV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, VOO or VPV?
VOO yields 1.09% while VPV yields 7.35%, so VPV currently pays the higher dividend yield.
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