VOO vs VWOB
Vanguard S&P 500 ETF vs Vanguard Emerging Markets Government Bond ETF
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 | VWOB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $979.0B | $6.3B | |
| Dividend Yield | 1.09% | 5.81% | |
| Holdings | 509 | 903 | |
| YTD Return | +13.72% | +0.71% | |
| 1Y Return | +21.63% | +5.35% | |
| 3Y Return (annualized) | +21.55% | +8.79% | |
| 5Y Return (annualized) | +13.26% | +1.81% | |
| Volatility (annualized) | 14.1% | 8.6% | |
| Max Drawdown | -34.3% | -28.0% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Fixed Income | |
| Inception | Sep 7, 2010 | May 31, 2013 |
VOO vs VWOB Performance
Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and Vanguard Emerging Markets Government Bond ETF (VWOB) is a ETF from Vanguard (US). Over the past year VOO returned +21.63% while VWOB returned +5.35%. Year to date, VOO is up 13.72% versus a gain of 0.71% for VWOB.
Over three years, VOO compounded at +21.55% per year against +8.79% for VWOB; over five years the annualized figures are +13.26% and +1.81% respectively. Across the full 13-year window we track, VOO has the edge at +13.56% annualized vs +0.76%. 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 8.6% for VWOB. 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 -28.0% for VWOB. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VOO charges 0.03% per year while VWOB charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, VOO currently yields 1.09% against 5.81% for VWOB.
Holdings Overlap
VOO and VWOB share 0 holdings out of 881 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 VWOB?
VOO has an expense ratio of 0.03% while VWOB charges 0.15%. VOO is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, VOO or VWOB?
Over the past year VOO returned +21.63% vs +5.35% for VWOB, so VOO leads on 1-year performance. Over the longest common window we track (13 years), VOO annualized +13.56% vs +0.76% for VWOB. Past performance does not guarantee future results.
Which is riskier, VOO or VWOB?
VOO has been the more volatile fund at 14.1% annualized versus 8.6% for VWOB. Worst drawdown: VOO -34.3% vs VWOB -28.0%.
Should I hold both VOO and VWOB?
VOO and VWOB have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VOO and VWOB?
VOO and VWOB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 881 unique securities.
Which pays a higher dividend, VOO or VWOB?
VOO yields 1.09% while VWOB yields 5.81%, so VWOB currently pays the higher dividend yield.
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