NOEQ vs VOO
Northern Trust US Equity ETF vs Vanguard S&P 500 ETF
Which is better, NOEQ or VOO?
VOO costs less.
VOO has a lower expense ratio. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 61.7%.
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 | NOEQ | VOO |
|---|---|---|
| Expense Ratio | 0.12% | 0.03%Best |
| AUM | $906M | $1.0T |
| Dividend Yield | 0.41% | 1.06% |
| Holdings | 406 | 506 |
| YTD Return | +17.57%Best | +13.57% |
| 1Y Return | - | +17.55% |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Top 10 Weight | 61.7% | 37.9%Best |
| Fund Family | Northern Trust Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 20, 2026 | Sep 7, 2010 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
NOEQ 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.
NOEQ vs VOO Performance
Northern Trust US Equity ETF (NOEQ) is an ETF from Northern Trust Asset Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Year to date, NOEQ is up 17.57% versus a gain of 13.57% for VOO.
Past performance does not guarantee future results.
Fees and Cost Over Time
NOEQ charges 0.12% per year while VOO charges 0.03%. On a $10,000 position that is $12 vs $3 annually, a gap of $9 per year that compounds over a long holding period. On income, NOEQ currently yields 0.41% against 1.06% for VOO.
Holdings Overlap
62.5% of NOEQ's money is in holdings VOO also owns. 84.2% of VOO's money is in holdings NOEQ also owns.
Most of VOO is already inside NOEQ. Owning both mostly buys the same companies twice.
264 positions in common, counted across the 401 positions we hold weights for in NOEQ and 504 in VOO, against full books of 406 and 506.
What only one of them owns
Our book lists 236 positions for VOO that do not appear in our book for NOEQ (15.6% of the fund), and 70 for NOEQ that do not appear in VOO (35.6%).
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 NOEQ | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.29% | 8.09% | 4.80% |
| AAPLApple, Inc | 2.86% | 7.04% | 4.18% |
| GOOGAlphabet Inc. C | 6.58% | 2.40% | 4.18% |
| AMZNAmazon.Com Inc | 4.53% | 3.85% | 0.68% |
| MSFTMicrosoft Corp | 2.09% | 5.70% | 3.61% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 4.11% | 1.01% | 3.10% |
| JNJJohnson & Johnson - Common | 4.06% | 0.97% | 3.09% |
| LLYEli Lilly & Co. | 3.48% | 1.38% | 2.10% |
| CVXChevron Corp | 3.88% | 0.58% | 3.30% |
| AVGOBroadcom Inc | 1.09% | 2.65% | 1.56% |
84.2% of VOO is already inside NOEQ.
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, NOEQ or VOO?
NOEQ has an expense ratio of 0.12% while VOO charges 0.03%. VOO is the cheaper option, by $9 a year on a $10,000 investment.
What is the holdings overlap between NOEQ and VOO?
84.2% of VOO's money is in holdings NOEQ also owns. 84.2% of VOO's is in holdings NOEQ also owns. They hold 264 positions in common, counted across the 401 positions we hold weights for in NOEQ and 504 in VOO.
Which pays a higher dividend, NOEQ or VOO?
NOEQ yields 0.41% while VOO yields 1.06%, so VOO currently pays the higher dividend yield.
Is VOO better than NOEQ?
VOO has a lower expense ratio. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 61.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.