PVEX vs VOO
PVEX vs VOO
TrueShares ConVex Protect 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 | PVEX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $55M | $979.0B | |
| Dividend Yield | 0.07% | 1.09% | |
| Holdings | 31 | 509 | |
| YTD Return | +10.45% | +13.11% | |
| 1Y Return | +20.99% | +22.88% | |
| 3Y Return (annualized) | - | +21.08% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 11.7% | 14.1% | |
| Max Drawdown | -7.8% | -34.3% | |
| Fund Family | TrueShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 27, 2025 | Sep 7, 2010 |
PVEX vs VOO Performance
TrueShares ConVex Protect ETF (PVEX) is a ETF from TrueShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PVEX returned +20.99% while VOO returned +22.88%. Year to date, PVEX is up 10.45% 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 11.7% for PVEX. 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 -7.8% for PVEX 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PVEX 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, PVEX currently yields 0.07% against 1.09% for VOO.
Holdings Overlap
PVEX and VOO share 0 holdings out of 516 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, PVEX or VOO?
PVEX 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, PVEX or VOO?
Over the past year PVEX returned +20.99% vs +22.88% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), PVEX annualized +22.73% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, PVEX or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.7% for PVEX. Worst drawdown: PVEX -7.8% vs VOO -34.3%.
Should I hold both PVEX and VOO?
PVEX and VOO have a monthly-return correlation of 0.91, 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 PVEX and VOO?
PVEX and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, PVEX or VOO?
PVEX yields 0.07% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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