PSQO vs VOO
PSQO vs VOO
Palmer Square Credit Opportunities 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 | PSQO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.52% | 0.03% | |
| AUM | $271M | $979.0B | |
| Dividend Yield | 4.41% | 1.09% | |
| Holdings | 359 | 509 | |
| YTD Return | +2.35% | +9.95% | |
| 1Y Return | +5.39% | +19.58% | |
| 3Y Return (annualized) | - | +19.43% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 1.1% | 14.2% | |
| Max Drawdown | -0.8% | -34.3% | |
| Fund Family | Palmer Square Capital Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 11, 2024 | Sep 7, 2010 |
PSQO vs VOO Performance
Palmer Square Credit Opportunities ETF (PSQO) is a ETF from Palmer Square Capital Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PSQO returned +5.39% while VOO returned +19.58%. Year to date, PSQO is up 2.35% versus a gain of 9.95% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 1.1% for PSQO. 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 -0.8% for PSQO 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSQO charges 0.52% per year while VOO charges 0.03%. On a $10,000 position that is $52 vs $3 annually, a gap of $49 per year that compounds over a long holding period. On income, PSQO currently yields 4.41% against 1.09% for VOO.
Holdings Overlap
PSQO and VOO share 1 holdings out of 702 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PSQO | Weight in VOO | Difference |
|---|---|---|---|
| KDP | 0.29% | 0.07% | 0.22% |
Frequently Asked Questions
Which is cheaper, PSQO or VOO?
PSQO has an expense ratio of 0.52% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, PSQO or VOO?
Over the past year PSQO returned +5.39% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), PSQO annualized +6.07% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, PSQO or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 1.1% for PSQO. Worst drawdown: PSQO -0.8% vs VOO -34.3%.
Should I hold both PSQO and VOO?
PSQO and VOO have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSQO and VOO?
PSQO and VOO share 1 common holdings with a 0.1% weight overlap. Combined, they hold 702 unique securities.
Which pays a higher dividend, PSQO or VOO?
PSQO yields 4.41% while VOO yields 1.09%, so PSQO currently pays the higher dividend yield.
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