VOO vs XBAP
Vanguard S&P 500 ETF vs Innovator US Equity Accelerated 9 Buffer ETF - April
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 | XBAP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $979.0B | $132M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 509 | 9 | |
| YTD Return | +13.72% | +10.15% | |
| 1Y Return | +21.63% | +13.98% | |
| 3Y Return (annualized) | +21.55% | +13.52% | |
| 5Y Return (annualized) | +13.26% | +9.73% | |
| Volatility (annualized) | 14.1% | 8.7% | |
| Max Drawdown | -34.3% | -14.6% | |
| Fund Family | Vanguard (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | Sep 7, 2010 | Mar 31, 2021 |
VOO vs XBAP Performance
Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and Innovator US Equity Accelerated 9 Buffer ETF - April (XBAP) is a ETF from Innovator ETFs Trust. Over the past year VOO returned +21.63% while XBAP returned +13.98%. Year to date, VOO is up 13.72% versus a gain of 10.15% for XBAP.
Over three years, VOO compounded at +21.55% per year against +13.52% for XBAP; over five years the annualized figures are +13.26% and +9.73% respectively. Across the full 5-year window we track, VOO has the edge at +13.56% annualized vs +10.00%. 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 8.7% for XBAP. 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 -14.6% for XBAP. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VOO charges 0.03% per year while XBAP charges 0.79%. On a $10,000 position that is $3 vs $79 annually, a gap of $76 per year that compounds over a long holding period. On income, VOO currently yields 1.09% against 0.00% for XBAP.
Holdings Overlap
VOO and XBAP share 0 holdings out of 506 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 XBAP?
VOO has an expense ratio of 0.03% while XBAP charges 0.79%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, VOO or XBAP?
Over the past year VOO returned +21.63% vs +13.98% for XBAP, so VOO leads on 1-year performance. Over the longest common window we track (5 years), VOO annualized +13.56% vs +10.00% for XBAP. Past performance does not guarantee future results.
Which is riskier, VOO or XBAP?
VOO has been the more volatile fund at 14.1% annualized versus 8.7% for XBAP. Worst drawdown: VOO -34.3% vs XBAP -14.6%.
Should I hold both VOO and XBAP?
VOO and XBAP have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VOO and XBAP?
VOO and XBAP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, VOO or XBAP?
VOO yields 1.09% while XBAP yields 0.00%, so VOO currently pays the higher dividend yield.
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