VOO vs VTN
Vanguard S&P 500 ETF vs Invesco Trust for Investment Grade New York Municipals
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 | VTN | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.79% | |
| AUM | $979.0B | $3,218.67 | |
| Dividend Yield | 1.09% | 7.48% | |
| Holdings | 509 | 183 | |
| YTD Return | +14.48% | +2.30% | |
| 1Y Return | +22.02% | +16.21% | |
| 3Y Return (annualized) | +21.80% | +11.34% | |
| 5Y Return (annualized) | +13.36% | +1.49% | |
| Volatility (annualized) | 14.2% | 13.8% | |
| Max Drawdown | -34.3% | -100.0% | |
| Fund Family | Vanguard (US) | Invesco (US) | |
| Category | Equity | Tax Preferred | |
| Inception | Sep 7, 2010 | Mar 27, 1992 |
VOO vs VTN Performance
Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and Invesco Trust for Investment Grade New York Municipals (VTN) is a ETF from Invesco (US). Over the past year VOO returned +22.02% while VTN returned +16.21%. Year to date, VOO is up 14.48% versus a gain of 2.30% for VTN.
Over three years, VOO compounded at +21.80% per year against +11.34% for VTN; over five years the annualized figures are +13.36% and +1.49% respectively. Across the full 16-year window we track, VOO has the edge at +13.61% annualized vs +0.17%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 13.8% for VTN. 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 -100.0% for VTN. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VOO charges 0.03% per year while VTN charges 1.79%. On a $10,000 position that is $3 vs $179 annually, a gap of $176 per year that compounds over a long holding period. On income, VOO currently yields 1.09% against 7.48% for VTN.
Holdings Overlap
VOO and VTN share 0 holdings out of 579 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 VTN?
VOO has an expense ratio of 0.03% while VTN charges 1.79%. VOO is the cheaper option. On a $10,000 investment, that is $176 per year of difference.
Which performed better, VOO or VTN?
Over the past year VOO returned +22.02% vs +16.21% for VTN, so VOO leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.61% vs +0.17% for VTN. Past performance does not guarantee future results.
Which is riskier, VOO or VTN?
VOO has been the more volatile fund at 14.2% annualized versus 13.8% for VTN. Worst drawdown: VOO -34.3% vs VTN -100.0%.
Should I hold both VOO and VTN?
VOO and VTN have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VOO and VTN?
VOO and VTN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 579 unique securities.
Which pays a higher dividend, VOO or VTN?
VOO yields 1.09% while VTN yields 7.48%, so VTN currently pays the higher dividend yield.
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