VOO vs XSMO
Vanguard S&P 500 ETF vs Invesco S&P SmallCap Momentum ETF
Which is better, VOO or XSMO?
Large Cap Blend against Small Cap Growth.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. XSMO is less concentrated, with 23.7% 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 | XSMO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $1.0T | $2.9B |
| Dividend Yield | 1.04% | 0.57% |
| Holdings | 506 | 221 |
| YTD Return | +13.59% | +15.18%Best |
| 1Y Return | +16.33%Best | +14.19% |
| 3Y Return (annualized) | +23.81%Best | +21.85% |
| 5Y Return (annualized) | +14.02%Best | +9.90% |
| Volatility (annualized) | 14.1%Best | 18.9% |
| Max Drawdown | -34.3%Best | -39.8% |
| $10,000 over 5 years | $19,271Best | $16,032 |
| Top 10 Weight | 37.6% | 23.7%Best |
| Fund Family | Vanguard (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Growth |
| Inception | Sep 7, 2010 | Mar 3, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 2, 2026 (16.1 years).
VOO vs XSMO 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 covers the 16.1 years both funds cover.
VOO vs XSMO Performance
Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US) and Invesco S&P SmallCap Momentum ETF (XSMO) is an ETF from Invesco (US). Over the past year VOO returned +16.33% while XSMO returned +14.19%. Year to date, VOO is up 13.59% versus a gain of 15.18% for XSMO.
Over three years, VOO compounded at +23.81% per year against +21.85% for XSMO; over five years the annualized figures are +14.02% and +9.90% respectively. Across the full 16-year window we track, VOO has the edge at +13.43% annualized vs +12.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XSMO has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 14.1% for VOO. 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 -39.8% for XSMO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VOO charges 0.03% per year while XSMO charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, VOO currently yields 1.04% against 0.57% for XSMO.
Holdings Overlap
We hold position weights for 494 holdings in VOO and 108 in XSMO, totalling 99.5% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 46 days apart, VOO as of Jul 31, 2026 and XSMO as of Sep 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 494 positions we hold weights for in VOO and 108 in XSMO, against full books of 506 and 221.
What only one of them owns
Our book lists 104 positions for XSMO that do not appear in our book for VOO (96.0% of the fund), and 487 for VOO that do not appear in XSMO (99.2%).
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.
You are not choosing between two funds in isolation.
Whichever of VOO and XSMO 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 XSMO?
VOO has an expense ratio of 0.03% while XSMO charges 0.35%. VOO is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, VOO or XSMO?
Over the past year VOO returned +16.33% vs +14.19% for XSMO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.43% vs +12.64% for XSMO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOO or XSMO?
XSMO has been the more volatile fund at 18.9% annualized versus 14.1% for VOO. Worst drawdown: VOO -34.3% vs XSMO -39.8%.
Should I hold both VOO and XSMO?
VOO and XSMO have a monthly-return correlation of 0.82, 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 XSMO?
VOO yields 1.04% while XSMO yields 0.57%, so VOO currently pays the higher dividend yield.
Is XSMO better than VOO?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. XSMO is less concentrated, with 23.7% 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.