KBWD vs VOO
Invesco KBW High Dividend Yield Financial ETF vs Vanguard S&P 500 ETF
Which is better, KBWD or VOO?
Small Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. KBWD is less concentrated, with 37.7% of the fund in its ten largest positions against 37.9%.
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 | KBWD | VOO |
|---|---|---|
| Expense Ratio | 5.39% | 0.03%Best |
| AUM | $346M | $1.0T |
| Dividend Yield | 15.52% | 1.06% |
| Holdings | 80 | 506 |
| YTD Return | -16.69% | +13.57%Best |
| 1Y Return | -12.55% | +17.55%Best |
| 3Y Return (annualized) | +1.06% | +22.46%Best |
| 5Y Return (annualized) | -2.41% | +13.28%Best |
| Volatility (annualized) | 21.1% | 14.1%Best |
| Max Drawdown | -65.2% | -34.3%Best |
| $10,000 over 5 years | $8,852 | $18,654Best |
| Top 10 Weight | 37.7%Best | 37.9% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Dec 2, 2010 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Dec 2, 2010 to Oct 14, 2026 (15.9 years).
KBWD 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.
KBWD vs VOO Performance
Invesco KBW High Dividend Yield Financial ETF (KBWD) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year KBWD returned -12.55% while VOO returned +17.55%. Year to date, KBWD is down 16.69% versus a gain of 13.57% for VOO.
Over three years, KBWD compounded at +1.06% per year against +22.46% for VOO; over five years the annualized figures are -2.41% and +13.28% respectively. Across the full 16-year window we track, VOO has the edge at +12.89% annualized vs -1.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWD has been the more volatile fund, with annualized monthly volatility of 21.1% 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 -65.2% for KBWD and -34.3% 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KBWD charges 5.39% per year while VOO charges 0.03%. On a $10,000 position that is $539 vs $3 annually, a gap of $536 per year that compounds over a long holding period. On income, KBWD currently yields 15.52% against 1.06% for VOO.
Holdings Overlap
2.6% of KBWD's money is in holdings VOO also owns. 0.1% of VOO's money is in holdings KBWD also owns.
KBWD and VOO share little of their money.
2 positions in common, counted across the 37 positions we hold weights for in KBWD and 504 in VOO, against full books of 80 and 506.
What only one of them owns
Our book lists 497 positions for VOO that do not appear in our book for KBWD (99.7% of the fund), and 35 for KBWD that do not appear in VOO (95.7%).
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.
You are not choosing between two funds in isolation.
Whichever of KBWD and VOO 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, KBWD or VOO?
KBWD has an expense ratio of 5.39% while VOO charges 0.03%. VOO is the cheaper option, by $536 a year on a $10,000 investment.
Which performed better, KBWD or VOO?
Over the past year KBWD returned -12.55% vs +17.55% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), KBWD annualized -1.24% vs +12.89% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KBWD or VOO?
KBWD has been the more volatile fund at 21.1% annualized versus 14.1% for VOO. Worst drawdown: KBWD -65.2% vs VOO -34.3%.
Should I hold both KBWD and VOO?
KBWD and VOO have a monthly-return correlation of 0.75, 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 KBWD and VOO?
2.6% of KBWD's money is in holdings VOO also owns. 0.1% of VOO's is in holdings KBWD also owns. They hold 2 positions in common, counted across the 37 positions we hold weights for in KBWD and 504 in VOO.
Which pays a higher dividend, KBWD or VOO?
KBWD yields 15.52% while VOO yields 1.06%, so KBWD currently pays the higher dividend yield.
Is VOO better than KBWD?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. KBWD is less concentrated, with 37.7% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.