VOO vs ZALT
Vanguard S&P 500 ETF vs Innovator US Equity 10 Buffer ETF - Quarterly
Which is better, VOO or ZALT?
Large Cap Blend against Multi Alternative.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. ZALT is less concentrated, with 38.8% of the fund in its ten largest positions against 39.1%.
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 | ZALT |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.69% |
| AUM | $1.0T | $835M |
| Dividend Yield | 1.05% | 0.00% |
| Holdings | 519 | 1,015 |
| YTD Return | +12.11%Best | +6.38% |
| 1Y Return | +12.50%Best | +7.43% |
| 3Y Return (annualized) | +21.54%Best | +10.02% |
| 5Y Return (annualized) | +11.93% | - |
| Volatility (annualized) | 12.2% | 3.8%Best |
| Max Drawdown | -18.7% | -8.2%Best |
| $10,000 over 3.1 years | $18,439Best | $13,544 |
| Top 10 Weight | 39.1% | 38.8%Best |
| Fund Family | Vanguard (US) | Innovator ETFs Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | Sep 7, 2010 | Oct 2, 2023 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Oct 2, 2023 to Nov 11, 2026 (3.1 years).
VOO vs ZALT 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 3.1 years both funds cover.
VOO vs ZALT Performance
Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US) and Innovator US Equity 10 Buffer ETF - Quarterly (ZALT) is an ETF from Innovator ETFs Trust. Over the past year VOO returned +12.50% while ZALT returned +7.43%. Year to date, VOO is up 12.11% versus a gain of 6.38% for ZALT.
Over three years, VOO compounded at +21.54% per year against +10.02% for ZALT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 3.8% for ZALT. 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 -18.7% for VOO and -8.2% for ZALT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VOO charges 0.03% per year while ZALT charges 0.69%. On a $10,000 position that is $3 vs $69 annually, a gap of $66 per year that compounds over a long holding period. On income, VOO currently yields 1.05% against 0.00% for ZALT.
Holdings Overlap
98.6% of VOO's money is in holdings ZALT also owns. 98.9% of ZALT's money is in holdings VOO also owns.
Most of ZALT is already inside VOO. Owning both mostly buys the same companies twice.
488 positions in common, counted across the 506 positions we hold weights for in VOO and 493 in ZALT, against full books of 519 and 1,015.
What only one of them owns
Our book lists 5 positions for ZALT that do not appear in our book for VOO (0.8% of the fund), and 13 for VOO that do not appear in ZALT (1.4%).
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 ZALT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.39% | 8.05% | 0.34% |
| AAPLApple Inc | 7.38% | 7.52% | 0.14% |
| MSFTMicrosoft Corp | 5.78% | 5.95% | 0.17% |
| AMZNAmazon.Com Inc | 3.71% | 3.75% | 0.04% |
| GOOGLAlphabet Inc | 3.07% | 3.06% | 0.01% |
| AVGOBroadcom Inc | 2.54% | 2.47% | 0.07% |
| GOOGAlphabet Inc. C | 2.45% | 2.45% | 0.00% |
| METAMeta Platforms Inc | 2.43% | 2.44% | 0.01% |
| MUMicron Technology, Inc. | 1.83% | 1.55% | 0.28% |
| TSLATesla Inc | 1.52% | 1.55% | 0.03% |
98.9% of ZALT 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 ZALT?
VOO has an expense ratio of 0.03% while ZALT charges 0.69%. VOO is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, VOO or ZALT?
Over the past year VOO returned +12.50% vs +7.43% for ZALT, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOO or ZALT?
VOO has been the more volatile fund at 12.2% annualized versus 3.8% for ZALT. Worst drawdown: VOO -18.7% vs ZALT -8.2%.
Should I hold both VOO and ZALT?
VOO and ZALT have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between VOO and ZALT?
98.9% of ZALT's money is in holdings VOO also owns. 98.9% of ZALT's is in holdings VOO also owns. They hold 488 positions in common, counted across the 506 positions we hold weights for in VOO and 493 in ZALT.
Which pays a higher dividend, VOO or ZALT?
VOO yields 1.05% while ZALT yields 0.00%, so VOO currently pays the higher dividend yield.
Is ZALT better than VOO?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. ZALT is less concentrated, with 38.8% of the fund in its ten largest positions against 39.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.