SPXV vs VOO
ProShares S&P 500 Ex-Health Care ETF vs Vanguard S&P 500 ETF
Which is better, SPXV or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. SPXV led over 3Y, 5Y and the full window, VOO over 1Y. The two have moved almost in lockstep, correlation 0.95. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 42.9%.
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 | SPXV | VOO |
|---|---|---|
| Expense Ratio | 0.09% | 0.03%Best |
| AUM | $42M | $1.0T |
| Dividend Yield | 0.91% | 1.06% |
| Holdings | 445 | 506 |
| YTD Return | +13.54% | +13.57%Best |
| 1Y Return | +16.71% | +17.55%Best |
| 3Y Return (annualized) | +23.60%Best | +22.46% |
| 5Y Return (annualized) | +13.77%Best | +13.28% |
| Volatility (annualized) | 16.1% | 15.1%Best |
| Max Drawdown | -34.3%Tie | -34.3%Tie |
| $10,000 over 5 years | $19,061Best | $18,654 |
| Top 10 Weight | 42.9% | 37.9%Best |
| Fund Family | ProShares | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 22, 2015 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2015 to Oct 14, 2026 (11.1 years).
SPXV 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 11.1 years both funds cover.
SPXV vs VOO Performance
ProShares S&P 500 Ex-Health Care ETF (SPXV) is an ETF from ProShares and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SPXV returned +16.71% while VOO returned +17.55%. Year to date, SPXV is up 13.54% versus a gain of 13.57% for VOO.
Over three years, SPXV compounded at +23.60% per year against +22.46% for VOO; over five years the annualized figures are +13.77% and +13.28% respectively. Across the full 11-year window we track, SPXV has the edge at +14.64% annualized vs +14.18%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXV has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.1% 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 -34.3% for SPXV 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPXV charges 0.09% per year while VOO charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, SPXV currently yields 0.91% against 1.06% for VOO.
Holdings Overlap
98.2% of SPXV's money is in holdings VOO also owns. 89.5% of VOO's money is in holdings SPXV also owns.
Most of SPXV is already inside VOO. Owning both mostly buys the same companies twice.
427 positions in common, counted across the 443 positions we hold weights for in SPXV and 504 in VOO, against full books of 445 and 506.
What only one of them owns
Our book lists 75 positions for VOO that do not appear in our book for SPXV (10.4% of the fund), and 9 for SPXV that do not appear in VOO (0.9%).
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 SPXV | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.33% | 8.09% | 1.24% |
| AAPLApple, Inc | 8.02% | 7.04% | 0.98% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.33% | 5.70% | 0.63% |
| AMZNAmazon.Com Inc | 4.07% | 3.85% | 0.22% |
| GOOGLAlphabet Inc Cap Stk Cl A | 3.32% | 3.01% | 0.31% |
| AVGOBroadcom Inc | 2.78% | 2.65% | 0.13% |
| GOOGAlphabet Inc Class C | 2.66% | 2.40% | 0.26% |
| METAMeta Platform Inc | 2.64% | 1.90% | 0.74% |
| MUMicron Technology, Inc. | 2.00% | 1.64% | 0.36% |
| TSLATesla Motors Inc | 1.72% | 1.57% | 0.15% |
98.2% of SPXV 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, SPXV or VOO?
SPXV has an expense ratio of 0.09% while VOO charges 0.03%. VOO is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, SPXV or VOO?
Over the past year SPXV returned +16.71% vs +17.55% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), SPXV annualized +14.64% vs +14.18% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXV or VOO?
SPXV has been the more volatile fund at 16.1% annualized versus 15.1% for VOO. Worst drawdown: SPXV -34.3% vs VOO -34.3%.
Should I hold both SPXV and VOO?
SPXV and VOO have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPXV and VOO?
98.2% of SPXV's money is in holdings VOO also owns. 89.5% of VOO's is in holdings SPXV also owns. They hold 427 positions in common, counted across the 443 positions we hold weights for in SPXV and 504 in VOO.
Which pays a higher dividend, SPXV or VOO?
SPXV yields 0.91% while VOO yields 1.06%, so VOO currently pays the higher dividend yield.
Is VOO better than SPXV?
VOO has a lower expense ratio. SPXV led over 3Y, 5Y and the full window, VOO over 1Y. The two have moved almost in lockstep, correlation 0.95. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 42.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.