VOO vs VSMV
Vanguard S&P 500 ETF vs VictoryShares US Multi-Factor Minimum Volatility ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | VOO | VSMV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $997.4B | $157M | |
| Dividend Yield | 1.08% | 1.34% | |
| Holdings | 509 | 63 | |
| YTD Return | +12.25% | +9.58% | |
| 1Y Return | +20.92% | +19.24% | |
| 3Y Return (annualized) | +21.79% | +16.42% | |
| 5Y Return (annualized) | +13.05% | +10.25% | |
| Volatility (annualized) | 14.1% | 13.1% | |
| Max Drawdown | -34.3% | -31.4% | |
| Fund Family | Vanguard (US) | Victory Capital Management Inc. | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2010 | Jun 21, 2017 |
VOO vs VSMV Performance
Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is a ETF from Victory Capital Management Inc.. Over the past year VOO returned +20.92% while VSMV returned +19.24%. Year to date, VOO is up 12.25% versus a gain of 9.58% for VSMV.
Over three years, VOO compounded at +21.79% per year against +16.42% for VSMV; over five years the annualized figures are +13.05% and +10.25% respectively. Across the full 9-year window we track, VOO has the edge at +13.45% annualized vs +11.17%. 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 13.1% for VSMV. 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 -31.4% for VSMV. 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VOO charges 0.03% per year while VSMV charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, VOO currently yields 1.08% against 1.34% for VSMV.
Holdings Overlap
VOO and VSMV share 51 holdings out of 515 unique holdings combined, representing a 17.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VOO or VSMV?
VOO has an expense ratio of 0.03% while VSMV charges 0.35%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, VOO or VSMV?
Over the past year VOO returned +20.92% vs +19.24% for VSMV, so VOO leads on 1-year performance. Over the longest common window we track (9 years), VOO annualized +13.45% vs +11.17% for VSMV. Past performance does not guarantee future results.
Which is riskier, VOO or VSMV?
VOO has been the more volatile fund at 14.1% annualized versus 13.1% for VSMV. Worst drawdown: VOO -34.3% vs VSMV -31.4%.
Should I hold both VOO and VSMV?
VOO and VSMV have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between VOO and VSMV?
VOO and VSMV share 51 common holdings with a 17.2% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, VOO or VSMV?
VOO yields 1.08% while VSMV yields 1.34%, so VSMV currently pays the higher dividend yield.
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