GBND vs VOO
GBND vs VOO
Goldman Sachs Core 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 | GBND | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $523M | $979.0B | |
| Dividend Yield | 3.43% | 1.09% | |
| Holdings | 485 | 509 | |
| YTD Return | -0.47% | +13.11% | |
| 1Y Return | +2.06% | +22.88% | |
| 3Y Return (annualized) | - | +21.08% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 3.2% | 14.1% | |
| Max Drawdown | -2.8% | -34.3% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 24, 2025 | Sep 7, 2010 |
GBND vs VOO Performance
Goldman Sachs Core Bond ETF (GBND) is a ETF from Goldman Sachs Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GBND returned +2.06% while VOO returned +22.88%. Year to date, GBND is down 0.47% versus a gain of 13.11% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.2% for GBND. 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 -2.8% for GBND 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GBND charges 0.25% per year while VOO charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, GBND currently yields 3.43% against 1.09% for VOO.
Holdings Overlap
GBND and VOO share 0 holdings out of 828 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, GBND or VOO?
GBND has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, GBND or VOO?
Over the past year GBND returned +2.06% vs +22.88% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), GBND annualized +2.61% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, GBND or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.2% for GBND. Worst drawdown: GBND -2.8% vs VOO -34.3%.
Should I hold both GBND and VOO?
GBND and VOO have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GBND and VOO?
GBND and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 828 unique securities.
Which pays a higher dividend, GBND or VOO?
GBND yields 3.43% while VOO yields 1.09%, so GBND currently pays the higher dividend yield.
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