PBUS vs VOO

Quick Verdict

VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: VOOMore Diversified: VOO

Side-by-Side Comparison

MetricPBUSVOOWinner
Expense Ratio0.04%0.03%
AUM$11.3B$979.0B
Dividend Yield1.02%1.09%
Holdings540509
YTD Return+10.74%+11.51%
1Y Return+19.98%+21.46%
3Y Return (annualized)+20.56%+20.86%
5Y Return (annualized)+12.33%+13.01%
Volatility (annualized)16.1%14.1%
Max Drawdown-33.2%-34.3%
Fund FamilyInvesco (US)Vanguard (US)
CategoryEquityEquity
InceptionSep 22, 2017Sep 7, 2010

PBUS vs VOO Performance

Invesco MSCI USA ETF (PBUS) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PBUS returned +19.98% while VOO returned +21.46%. Year to date, PBUS is up 10.74% versus a gain of 11.51% for VOO.

Over three years, PBUS compounded at +20.56% per year against +20.86% for VOO; over five years the annualized figures are +12.33% and +13.01% respectively. Across the full 9-year window we track, PBUS has the edge at +14.99% annualized vs +13.44%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

PBUS has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 14.1% 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 -33.2% for PBUS 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

PBUS charges 0.04% per year while VOO charges 0.03%. On a $10,000 position that is $4 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, PBUS currently yields 1.02% against 1.09% for VOO.

Holdings Overlap

91.9%overlap

PBUS and VOO share 427 holdings out of 579 unique holdings combined, representing a 91.9% weight overlap.

High overlap means holding both may not provide much additional diversification.

Top Shared Holdings

StockWeight in PBUSWeight in VOODifference
NVDA7.02%7.51%0.49%
AAPL6.45%6.59%0.14%
MSFT4.06%4.30%0.24%
AMZNProProPro
GOOGLProProPro
AVGOProProPro
GOOGProProPro
MUProProPro
METAProProPro
TSLAProProPro
See all 10 holdings PBUS shares with VOO
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, PBUS or VOO?

PBUS has an expense ratio of 0.04% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $1 per year of difference.

Which performed better, PBUS or VOO?

Over the past year PBUS returned +19.98% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (9 years), PBUS annualized +14.99% vs +13.44% for VOO. Past performance does not guarantee future results.

Which is riskier, PBUS or VOO?

PBUS has been the more volatile fund at 16.1% annualized versus 14.1% for VOO. Worst drawdown: PBUS -33.2% vs VOO -34.3%.

Should I hold both PBUS and VOO?

PBUS and VOO have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.

What is the holdings overlap between PBUS and VOO?

PBUS and VOO share 427 common holdings with a 91.9% weight overlap. Combined, they hold 579 unique securities.

Which pays a higher dividend, PBUS or VOO?

PBUS yields 1.02% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.

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