VOO vs ZNOV
Vanguard S&P 500 ETF vs Innovator Equity Defined Protection ETF - 1 Yr November
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | VOO | ZNOV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $997.4B | $105M | |
| Dividend Yield | 1.08% | 0.00% | |
| Holdings | 509 | 5 | |
| YTD Return | +12.68% | +4.05% | |
| 1Y Return | +21.87% | +6.26% | |
| 3Y Return (annualized) | +22.06% | - | |
| 5Y Return (annualized) | +12.95% | - | |
| Volatility (annualized) | 14.1% | 2.8% | |
| Max Drawdown | -34.3% | -3.3% | |
| Fund Family | Vanguard (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | Sep 7, 2010 | Nov 1, 2024 |
VOO vs ZNOV Performance
Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) is a ETF from Innovator ETFs Trust. Over the past year VOO returned +21.87% while ZNOV returned +6.26%. Year to date, VOO is up 12.68% versus a gain of 4.05% for ZNOV.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 2.8% for ZNOV. 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 -3.3% for ZNOV. 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 0.94. 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 ZNOV 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 1.08% against 0.00% for ZNOV.
Frequently Asked Questions
Which is cheaper, VOO or ZNOV?
VOO has an expense ratio of 0.03% while ZNOV 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 ZNOV?
Over the past year VOO returned +21.87% vs +6.26% for ZNOV, so VOO leads on 1-year performance. Over the longest common window we track (2 years), VOO annualized +13.47% vs +6.18% for ZNOV. Past performance does not guarantee future results.
Which is riskier, VOO or ZNOV?
VOO has been the more volatile fund at 14.1% annualized versus 2.8% for ZNOV. Worst drawdown: VOO -34.3% vs ZNOV -3.3%.
Should I hold both VOO and ZNOV?
VOO and ZNOV have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, VOO or ZNOV?
VOO yields 1.08% while ZNOV yields 0.00%, so VOO currently pays the higher dividend yield.
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