VOO vs XRLV
Vanguard S&P 500 ETF vs Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
Which is better, VOO or XRLV?
VOO has been ahead.
VOO has a lower expense ratio. VOO led over 1Y and the full window. XRLV is less concentrated, with 12.1% of the fund in its ten largest positions against 37.6%.
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 | XRLV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.25% |
| AUM | $997.4B | $29M |
| Dividend Yield | 1.04% | 2.08% |
| Holdings | 509 | 102 |
| Volatility (annualized) | 15.0% | 13.5%Best |
| Max Drawdown | -34.3%Best | -38.3% |
| $10,000 over 10.9 years | $35,687Best | $27,954 |
| Top 10 Weight | 37.6% | 12.1%Best |
| Fund Family | Vanguard (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 7, 2010 | Apr 6, 2015 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 217 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. VOO has data through Sep 25, 2026 and XRLV through Feb 20, 2026.
Volatility and max drawdown, and the $10,000 over 10.9 years row, are measured over the window both funds cover: Apr 9, 2015 to Feb 20, 2026 (10.9 years).
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 13.5% for XRLV. 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 -38.3% for XRLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VOO charges 0.03% per year while XRLV charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, VOO currently yields 1.04% against 2.08% for XRLV.
Holdings Overlap
14.9% of VOO's money is in holdings XRLV also owns. 97.2% of XRLV's money is in holdings VOO also owns.
Most of XRLV is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 304 days apart, VOO as of Jul 31, 2026 and XRLV as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
97 positions in common, counted across the 494 positions we hold weights for in VOO and 100 in XRLV, against full books of 509 and 102.
What only one of them owns
Our book lists 3 positions for XRLV that do not appear in our book for VOO (2.8% of the fund), and 392 for VOO that do not appear in XRLV (84.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in VOO | Weight in XRLV | Difference |
|---|---|---|---|
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.46% | 1.13% | 0.33% |
| JNJJohnson & Johnson - Common | 0.96% | 1.20% | 0.24% |
| VVisa Inc Class A | 0.93% | 0.95% | 0.02% |
| KOCoca Cola Co. | 0.53% | 1.15% | 0.62% |
| MAMastercard Inc | 0.72% | 0.93% | 0.21% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.71% | 0.92% | 0.21% |
| COSTCostco Wholesale Corp. | 0.66% | 0.93% | 0.27% |
| PGProcter & Gamble Company | 0.52% | 1.05% | 0.53% |
| LINLinde Plc (united Kingdom) | 0.34% | 1.09% | 0.75% |
| TJXTjx Cos Inc | 0.27% | 1.16% | 0.89% |
97.2% of XRLV 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 XRLV?
VOO has an expense ratio of 0.03% while XRLV charges 0.25%. VOO is the cheaper option, by $22 a year on a $10,000 investment.
Which is riskier, VOO or XRLV?
VOO has been the more volatile fund at 15.0% annualized versus 13.5% for XRLV. Worst drawdown: VOO -34.3% vs XRLV -38.3%.
Should I hold both VOO and XRLV?
VOO and XRLV have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between VOO and XRLV?
97.2% of XRLV's money is in holdings VOO also owns. 97.2% of XRLV's is in holdings VOO also owns. They hold 97 positions in common, counted across the 494 positions we hold weights for in VOO and 100 in XRLV.
Which pays a higher dividend, VOO or XRLV?
VOO yields 1.04% while XRLV yields 2.08%, so XRLV currently pays the higher dividend yield.
Is XRLV better than VOO?
VOO has a lower expense ratio. VOO led over 1Y and the full window. XRLV is less concentrated, with 12.1% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.