APMU vs VOO
APMU vs VOO
ActivePassive Intermediate Municipal Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | APMU | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $244M | $979.0B | |
| Dividend Yield | 2.66% | 1.09% | |
| Holdings | 710 | 509 | |
| YTD Return | -0.19% | +13.80% | |
| 1Y Return | +1.70% | +23.71% | |
| 3Y Return (annualized) | +2.65% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 3.5% | 14.1% | |
| Max Drawdown | -4.4% | -34.3% | |
| Fund Family | Envestnet Asset Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | May 3, 2023 | Sep 7, 2010 |
APMU vs VOO Performance
ActivePassive Intermediate Municipal Bond ETF (APMU) is a ETF from Envestnet Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year APMU returned +1.70% while VOO returned +23.71%. Year to date, APMU is down 0.19% versus a gain of 13.80% for VOO.
Over three years, APMU compounded at +2.65% per year against +21.50% for VOO. Across the full 3-year window we track, VOO has the edge at +13.58% annualized vs +1.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.5% for APMU. 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 -4.4% for APMU and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
APMU charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, APMU currently yields 2.66% against 1.09% for VOO.
Holdings Overlap
APMU and VOO share 0 holdings out of 834 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, APMU or VOO?
APMU has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, APMU or VOO?
Over the past year APMU returned +1.70% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), APMU annualized +1.84% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, APMU or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.5% for APMU. Worst drawdown: APMU -4.4% vs VOO -34.3%.
Should I hold both APMU and VOO?
APMU and VOO have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between APMU and VOO?
APMU and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 834 unique securities.
Which pays a higher dividend, APMU or VOO?
APMU yields 2.66% while VOO yields 1.09%, so APMU currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.