HECO vs VOO
State Street Galaxy Hedged Digital Asset Ecosystem ETF vs Vanguard S&P 500 ETF
Which is better, HECO or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. HECO led over the full window, VOO over 1Y. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 65.3%.
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 | HECO | VOO |
|---|---|---|
| Expense Ratio | 0.90% | 0.03%Best |
| AUM | $74M | $1.0T |
| Dividend Yield | 0.00% | 1.06% |
| Holdings | 55 | 506 |
| YTD Return | +26.99%Best | +13.57% |
| 1Y Return | +15.91% | +17.55%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 50.1% | 12.4%Best |
| Max Drawdown | -44.6% | -18.7%Best |
| $10,000 over 2.1 years | $21,884Best | $14,435 |
| Top 10 Weight | 65.3% | 37.9%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Sep 9, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 10, 2024 to Oct 14, 2026 (2.1 years).
HECO 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 covers the 2.1 years both funds cover.
HECO vs VOO Performance
State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) is an ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year HECO returned +15.91% while VOO returned +17.55%. Year to date, HECO is up 26.99% versus a gain of 13.57% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HECO has been the more volatile fund, with annualized monthly volatility of 50.1% compared with 12.4% 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 -44.6% for HECO and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HECO charges 0.90% per year while VOO charges 0.03%. On a $10,000 position that is $90 vs $3 annually, a gap of $87 per year that compounds over a long holding period. On income, HECO currently yields 0.00% against 1.06% for VOO.
Holdings Overlap
39.5% of HECO's money is in holdings VOO also owns. 21.9% of VOO's money is in holdings HECO also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 31 positions we hold weights for in HECO and 504 in VOO, against full books of 55 and 506.
What only one of them owns
Our book lists 483 positions for VOO that do not appear in our book for HECO (77.9% of the fund), and 11 for HECO that do not appear in VOO (53.0%).
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 HECO | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 5.05% | 8.09% | 3.04% |
| MSFTMicrosoft Corp | 5.62% | 5.70% | 0.08% |
| JPMJpmorgan Chase | 4.48% | 1.44% | 3.04% |
| HOODRobinhood Markets Inc - A | 4.04% | 0.13% | 3.91% |
| MUMicron Technology, Inc. | 2.49% | 1.64% | 0.85% |
| VVisa Inc Class A | 2.09% | 0.93% | 1.16% |
| CRWDCrowdstrike Holdings Inc | 2.62% | 0.36% | 2.26% |
| MAMastercard Inc | 2.06% | 0.72% | 1.34% |
| PANWPalo Alto Networks, Inc | 2.07% | 0.47% | 1.60% |
| MSMorgan Stanley | 1.91% | 0.39% | 1.52% |
39.5% of HECO 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, HECO or VOO?
HECO has an expense ratio of 0.90% while VOO charges 0.03%. VOO is the cheaper option, by $87 a year on a $10,000 investment.
Which performed better, HECO or VOO?
Over the past year HECO returned +15.91% vs +17.55% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), HECO annualized +45.20% vs +19.10% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HECO or VOO?
HECO has been the more volatile fund at 50.1% annualized versus 12.4% for VOO. Worst drawdown: HECO -44.6% vs VOO -18.7%.
Should I hold both HECO and VOO?
HECO and VOO have a monthly-return correlation of 0.78, 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 HECO and VOO?
39.5% of HECO's money is in holdings VOO also owns. 21.9% of VOO's is in holdings HECO also owns. They hold 16 positions in common, counted across the 31 positions we hold weights for in HECO and 504 in VOO.
Which pays a higher dividend, HECO or VOO?
HECO yields 0.00% while VOO yields 1.06%, so VOO currently pays the higher dividend yield.
Is VOO better than HECO?
VOO has a lower expense ratio. HECO led over the full window, VOO over 1Y. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 65.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.