SPGP vs VOO
SPGP vs VOO
Invesco S&P 500 GARP 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 | SPGP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | |
| AUM | $2.2B | $979.0B | |
| Dividend Yield | 0.82% | 1.09% | |
| Holdings | 76 | 509 | |
| YTD Return | +12.67% | +13.80% | |
| 1Y Return | +20.35% | +23.71% | |
| 3Y Return (annualized) | +12.03% | +21.50% | |
| 5Y Return (annualized) | +8.31% | +13.44% | |
| Volatility (annualized) | 16.3% | 14.1% | |
| Max Drawdown | -42.4% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2011 | Sep 7, 2010 |
SPGP vs VOO Performance
Invesco S&P 500 GARP ETF (SPGP) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPGP returned +20.35% while VOO returned +23.71%. Year to date, SPGP is up 12.67% versus a gain of 13.80% for VOO.
Over three years, SPGP compounded at +12.03% per year against +21.50% for VOO; over five years the annualized figures are +8.31% and +13.44% respectively. Across the full 15-year window we track, SPGP has the edge at +13.62% annualized vs +13.58%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPGP has been the more volatile fund, with annualized monthly volatility of 16.3% 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 -42.4% for SPGP 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPGP charges 0.36% per year while VOO charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, SPGP currently yields 0.82% against 1.09% for VOO.
Holdings Overlap
SPGP and VOO share 74 holdings out of 506 unique holdings combined, representing a 16.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPGP | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 2.12% | 7.51% | 5.39% |
| MSFT | 0.91% | 4.30% | 3.39% |
| GOOG | 1.22% | 2.59% | 1.37% |
| META | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| GE | Pro | Pro | Pro |
| APP | Pro | Pro | Pro |
| CINF | Pro | Pro | Pro |
| FIX | Pro | Pro | Pro |
| PGR | Pro | Pro | Pro |
See all 10 holdings SPGP shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SPGP or VOO?
SPGP has an expense ratio of 0.36% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, SPGP or VOO?
Over the past year SPGP returned +20.35% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (15 years), SPGP annualized +13.62% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, SPGP or VOO?
SPGP has been the more volatile fund at 16.3% annualized versus 14.1% for VOO. Worst drawdown: SPGP -42.4% vs VOO -34.3%.
Should I hold both SPGP and VOO?
SPGP and VOO have a monthly-return correlation of 0.92, 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 SPGP and VOO?
SPGP and VOO share 74 common holdings with a 16.1% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, SPGP or VOO?
SPGP yields 0.82% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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