CARY vs VOO
CARY vs VOO
Angel Oak Income 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 | CARY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $1.4B | $979.0B | |
| Dividend Yield | 6.28% | 1.09% | |
| Holdings | 1,330 | 509 | |
| YTD Return | +1.60% | +9.95% | |
| 1Y Return | +4.94% | +19.58% | |
| 3Y Return (annualized) | +7.01% | +19.43% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 2.8% | 14.2% | |
| Max Drawdown | -1.7% | -34.3% | |
| Fund Family | Angel Oak Capital Advisors | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 7, 2022 | Sep 7, 2010 |
CARY vs VOO Performance
Angel Oak Income ETF (CARY) is a ETF from Angel Oak Capital Advisors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CARY returned +4.94% while VOO returned +19.58%. Year to date, CARY is up 1.60% versus a gain of 9.95% for VOO.
Over three years, CARY compounded at +7.01% per year against +19.43% for VOO. Across the full 4-year window we track, VOO has the edge at +13.35% annualized vs +6.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 2.8% for CARY. 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 -1.7% for CARY 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CARY charges 0.79% per year while VOO charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, CARY currently yields 6.28% against 1.09% for VOO.
Holdings Overlap
CARY and VOO share 0 holdings out of 768 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, CARY or VOO?
CARY has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, CARY or VOO?
Over the past year CARY returned +4.94% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), CARY annualized +6.99% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, CARY or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 2.8% for CARY. Worst drawdown: CARY -1.7% vs VOO -34.3%.
Should I hold both CARY and VOO?
CARY and VOO have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CARY and VOO?
CARY and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 768 unique securities.
Which pays a higher dividend, CARY or VOO?
CARY yields 6.28% while VOO yields 1.09%, so CARY currently pays the higher dividend yield.
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