SPUT vs VOO
SPUT vs VOO
Innovator Equity Premium Income - Daily PutWrite 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 | SPUT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $17M | $979.0B | |
| Dividend Yield | 5.14% | 1.09% | |
| Holdings | 503 | 509 | |
| YTD Return | +7.96% | +13.11% | |
| 1Y Return | +14.65% | +22.88% | |
| 3Y Return (annualized) | - | +21.08% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 7.0% | 14.1% | |
| Max Drawdown | -10.6% | -34.3% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 14, 2025 | Sep 7, 2010 |
SPUT vs VOO Performance
Innovator Equity Premium Income - Daily PutWrite ETF (SPUT) is a ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPUT returned +14.65% while VOO returned +22.88%. Year to date, SPUT is up 7.96% 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 7.0% for SPUT. 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 -10.6% for SPUT 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPUT 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, SPUT currently yields 5.14% against 1.09% for VOO.
Holdings Overlap
SPUT and VOO share 422 holdings out of 580 unique holdings combined, representing a 44.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPUT | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 3.54% | 7.51% | 3.97% |
| AAPL | 3.18% | 6.59% | 3.41% |
| MSFT | 2.34% | 4.30% | 1.96% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings SPUT 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, SPUT or VOO?
SPUT 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, SPUT or VOO?
Over the past year SPUT returned +14.65% vs +22.88% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), SPUT annualized +15.35% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, SPUT or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 7.0% for SPUT. Worst drawdown: SPUT -10.6% vs VOO -34.3%.
Should I hold both SPUT and VOO?
SPUT and VOO have a monthly-return correlation of 0.95, 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 SPUT and VOO?
SPUT and VOO share 422 common holdings with a 44.9% weight overlap. Combined, they hold 580 unique securities.
Which pays a higher dividend, SPUT or VOO?
SPUT yields 5.14% while VOO yields 1.09%, so SPUT currently pays the higher dividend yield.
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