VOO vs VSMV
Vanguard S&P 500 ETF vs VictoryShares US Multi-Factor Minimum Volatility ETF
Which is better, VOO or VSMV?
Large Cap Blend against Large Cap Value.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 44.9%.
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 | VSMV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $997.4B | $159M |
| Dividend Yield | 1.04% | 1.32% |
| Holdings | 509 | 63 |
| YTD Return | +11.55%Best | +9.42% |
| 1Y Return | +17.54%Best | +17.44% |
| 3Y Return (annualized) | +20.71%Best | +16.06% |
| 5Y Return (annualized) | +12.80%Best | +10.75% |
| Volatility (annualized) | 15.9% | 13.0%Best |
| Max Drawdown | -34.3% | -31.4%Best |
| $10,000 over 5 years | $18,262Best | $16,662 |
| Top 10 Weight | 36.4%Best | 44.9% |
| Fund Family | Vanguard (US) | Victory Capital Management Inc. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 7, 2010 | Jun 21, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Jun 22, 2017 to Sep 10, 2026 (9.2 years).
VOO vs VSMV 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.
VOO vs VSMV Performance
Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US) and VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an ETF from Victory Capital Management Inc.. Over the past year VOO returned +17.54% while VSMV returned +17.44%. Year to date, VOO is up 11.55% versus a gain of 9.42% for VSMV.
Over three years, VOO compounded at +20.71% per year against +16.06% for VSMV; over five years the annualized figures are +12.80% and +10.75% respectively. Across the full 9-year window we track, VOO has the edge at +14.06% annualized vs +11.07%.
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 13.0% 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 what each fund did in the worst stretch of the window measured above.
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 1.04% against 1.32% for VSMV.
Holdings Overlap
17.7% of VOO's money is in holdings VSMV also owns. 94.0% of VSMV's money is in holdings VOO also owns.
Most of VSMV is already inside VOO. Owning both mostly buys the same companies twice.
52 positions in common, counted across the 505 positions we hold weights for in VOO and 61 in VSMV, against full books of 509 and 63.
What only one of them owns
Measured across the 505 and 61 positions we hold weights for.
VOO holds 444 positions VSMV does not, 81.8% of the fund.
Largest: NVDA 7.51%, MSFT 4.30%, AMZN 3.62%, GOOGL 3.25%, AVGO 2.77%
Top Shared Holdings
| Stock | Weight in VOO | Weight in VSMV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.59% | 11.07% | 4.48% |
| LRCXLam Research Corpcommon Stock | 0.84% | 4.72% | 3.88% |
| JNJJohnson & Johnson | 0.95% | 4.02% | 3.07% |
| KLACKla Corp. | 0.61% | 4.13% | 3.52% |
| XOMExxon Mobil Corp. | 0.88% | 3.58% | 2.70% |
| WMTWalmart, Inc. | 0.77% | 3.45% | 2.68% |
| QCOMQualcomm Inc. | 0.30% | 3.73% | 3.43% |
| ALLAllstate Corp. | 0.09% | 3.74% | 3.65% |
| CRMSalesforce Inc. | 0.20% | 3.24% | 3.04% |
| COSTCostco Wholesale Corp. | 0.64% | 2.79% | 2.15% |
94.0% of VSMV 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, VOO or VSMV?
VOO has an expense ratio of 0.03% while VSMV charges 0.35%. VOO is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, VOO or VSMV?
Over the past year VOO returned +17.54% vs +17.44% for VSMV, so VOO leads on 1-year performance. Over the longest common window we track (9 years), VOO annualized +14.06% vs +11.07% for VSMV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOO or VSMV?
VOO has been the more volatile fund at 15.9% annualized versus 13.0% 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. 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 VOO and VSMV?
94.0% of VSMV's money is in holdings VOO also owns. 94.0% of VSMV's is in holdings VOO also owns. They hold 52 positions in common, counted across the 505 positions we hold weights for in VOO and 61 in VSMV.
Which pays a higher dividend, VOO or VSMV?
VOO yields 1.04% while VSMV yields 1.32%, so VSMV currently pays the higher dividend yield.
Is VSMV better than VOO?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 44.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.