FRWD vs VOO
Nomura Transformational Technologies ETF vs Vanguard S&P 500 ETF
Which is better, FRWD or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 56.0%.
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 | FRWD | VOO |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $274M | $1.0T |
| Dividend Yield | 0.00% | 1.06% |
| Holdings | 54 | 506 |
| YTD Return | +24.83%Best | +13.57% |
| 1Y Return | - | +17.55% |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Top 10 Weight | 56.0% | 37.9%Best |
| Fund Family | Nomura Asset Management Co Ltd | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jan 13, 2026 | Sep 7, 2010 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FRWD vs VOO 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FRWD vs VOO Performance
Nomura Transformational Technologies ETF (FRWD) is an ETF from Nomura Asset Management Co Ltd and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Year to date, FRWD is up 24.83% versus a gain of 13.57% for VOO.
Past performance does not guarantee future results.
Fees and Cost Over Time
FRWD charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, FRWD currently yields 0.00% against 1.06% for VOO.
Holdings Overlap
56.7% of FRWD's money is in holdings VOO also owns. 28.0% of VOO's money is in holdings FRWD also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 26 positions we hold weights for in FRWD and 504 in VOO, against full books of 54 and 506.
What only one of them owns
Our book lists 485 positions for VOO that do not appear in our book for FRWD (71.8% of the fund), and 5 for FRWD that do not appear in VOO (13.7%).
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 FRWD | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.32% | 8.09% | 1.23% |
| MSFTMicrosoft Corp | 3.54% | 5.70% | 2.16% |
| AMDAdvanced Micro Devices Inc | 7.60% | 1.16% | 6.44% |
| AMZNAmazon.Com Inc | 2.89% | 3.85% | 0.96% |
| LRCXLrcx Uw Equity | 5.76% | 0.57% | 5.19% |
| GOOGLAlphabet Inc | 3.18% | 3.01% | 0.17% |
| AVGOBroadcom Inc | 3.52% | 2.65% | 0.87% |
| MUMicron Technology, Inc. | 3.42% | 1.64% | 1.78% |
| WDCWestern Digital Corp. | 3.93% | 0.23% | 3.70% |
| TXNTexas Instruments, Inc. | 3.77% | 0.36% | 3.41% |
56.7% of FRWD 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, FRWD or VOO?
FRWD has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option, by $62 a year on a $10,000 investment.
What is the holdings overlap between FRWD and VOO?
56.7% of FRWD's money is in holdings VOO also owns. 28.0% of VOO's is in holdings FRWD also owns. They hold 14 positions in common, counted across the 26 positions we hold weights for in FRWD and 504 in VOO.
Which pays a higher dividend, FRWD or VOO?
FRWD yields 0.00% while VOO yields 1.06%, so VOO currently pays the higher dividend yield.
Is VOO better than FRWD?
VOO has a lower expense ratio. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 56.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.