TNXT vs VOO
T. Rowe Price Innovation Leaders ETF vs Vanguard S&P 500 ETF
Which is better, TNXT or VOO?
VOO costs less.
VOO has a lower expense ratio. TNXT is less concentrated, with 33.6% 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 | TNXT | VOO |
|---|---|---|
| Expense Ratio | 0.49% | 0.03%Best |
| AUM | $19M | $1.0T |
| Dividend Yield | 0.00% | 1.06% |
| Holdings | 303 | 506 |
| YTD Return | +14.30%Best | +13.57% |
| 1Y Return | - | +17.55% |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Top 10 Weight | 33.6%Best | 37.9% |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 28, 2026 | Sep 7, 2010 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
TNXT 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.
TNXT vs VOO Performance
T. Rowe Price Innovation Leaders ETF (TNXT) is an ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Year to date, TNXT is up 14.30% versus a gain of 13.57% for VOO.
Past performance does not guarantee future results.
Fees and Cost Over Time
TNXT charges 0.49% per year while VOO charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, TNXT currently yields 0.00% against 1.06% for VOO.
Holdings Overlap
64.9% of TNXT's money is in holdings VOO also owns. 54.8% of VOO's money is in holdings TNXT also owns.
The two portfolios partly overlap.
83 positions in common, counted across the 270 positions we hold weights for in TNXT and 504 in VOO, against full books of 303 and 506.
What only one of them owns
Our book lists 416 positions for VOO that do not appear in our book for TNXT (44.9% of the fund), and 122 for TNXT that do not appear in VOO (20.6%).
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 TNXT | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.98% | 8.09% | 0.11% |
| AAPLApple, Inc | 5.27% | 7.04% | 1.77% |
| MSFTMicrosoft Corp | 3.72% | 5.70% | 1.98% |
| AMZNAmazon.Com Inc | 3.94% | 3.85% | 0.09% |
| AVGOBroadcom Inc | 2.90% | 2.65% | 0.25% |
| GOOGLAlphabet Inc | 2.30% | 3.01% | 0.71% |
| GOOGAlphabet Inc. C | 2.10% | 2.40% | 0.30% |
| METAMeta Platforms Inc | 1.61% | 1.90% | 0.29% |
| AMDAdvanced Micro Devices Inc | 2.10% | 1.16% | 0.94% |
| MUMicron Technology, Inc. | 1.62% | 1.64% | 0.02% |
64.9% of TNXT 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.
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Frequently Asked Questions
Which is cheaper, TNXT or VOO?
TNXT has an expense ratio of 0.49% while VOO charges 0.03%. VOO is the cheaper option, by $46 a year on a $10,000 investment.
What is the holdings overlap between TNXT and VOO?
64.9% of TNXT's money is in holdings VOO also owns. 54.8% of VOO's is in holdings TNXT also owns. They hold 83 positions in common, counted across the 270 positions we hold weights for in TNXT and 504 in VOO.
Which pays a higher dividend, TNXT or VOO?
TNXT yields 0.00% while VOO yields 1.06%, so VOO currently pays the higher dividend yield.
Is VOO better than TNXT?
VOO has a lower expense ratio. TNXT is less concentrated, with 33.6% 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.