VOO vs VTN
Vanguard S&P 500 ETF vs Invesco Trust for Investment Grade New York Municipals
Which is better, VOO or VTN?
Large Cap Blend against Municipal New York.
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 | VTN |
|---|---|---|
| Expense Ratio | 0.03%Best | 2.69% |
| AUM | $997.4B | $3,218.67 |
| Dividend Yield | 1.04% | 7.94% |
| Holdings | 509 | 197 |
| YTD Return | +13.31%Best | -12.48% |
| 1Y Return | +17.07%Best | -6.13% |
| 3Y Return (annualized) | +22.72%Best | +8.08% |
| 5Y Return (annualized) | +13.19%Best | -1.50% |
| Volatility (annualized) | 14.1% | 13.1%Best |
| Max Drawdown | -34.3%Best | -44.5% |
| $10,000 over 5 years | $18,580Best | $9,272 |
| Fund Family | Vanguard (US) | Invesco (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal New York |
| Inception | Sep 7, 2010 | Mar 27, 1992 |
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 23, 2026 (16 years).
VOO vs VTN 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 VTN Performance
Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US) and Invesco Trust for Investment Grade New York Municipals (VTN) is an ETF from Invesco (US). Over the past year VOO returned +17.07% while VTN returned -6.13%. Year to date, VOO is up 13.31% versus a loss of 12.48% for VTN.
Over three years, VOO compounded at +22.72% per year against +8.08% for VTN; over five years the annualized figures are +13.19% and -1.50% respectively. Across the full 16-year window we track, VOO has the edge at +13.43% annualized vs -1.12%.
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 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 -44.5% for VTN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.37. They move together some of the time, and apart the rest.
Fees and Cost Over Time
VOO charges 0.03% per year while VTN charges 2.69%. On a $10,000 position that is $3 vs $269 annually, a gap of $266 per year that compounds over a long holding period. On income, VOO currently yields 1.04% against 7.94% for VTN.
Holdings Overlap
We hold position weights for 494 holdings in VOO and 1 in VTN, totalling 99.5% and 0.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 494 positions we hold weights for in VOO and 1 in VTN, against full books of 509 and 197.
You are not choosing between two funds in isolation.
Whichever of VOO and VTN 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 VTN?
VOO has an expense ratio of 0.03% while VTN charges 2.69%. VOO is the cheaper option, by $266 a year on a $10,000 investment.
Which performed better, VOO or VTN?
Over the past year VOO returned +17.07% vs -6.13% for VTN, so VOO leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.43% vs -1.12% for VTN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOO or VTN?
VOO has been the more volatile fund at 14.1% annualized versus 13.1% for VTN. Worst drawdown: VOO -34.3% vs VTN -44.5%.
Should I hold both VOO and VTN?
VOO and VTN have a monthly-return correlation of 0.37, 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 VTN?
VOO yields 1.04% while VTN yields 7.94%, so VTN currently pays the higher dividend yield.
Is VTN 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.