SPYH vs VOO
SPYH vs VOO
NEOS S&P 500 Hedged Equity Income 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 | SPYH | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.03% | |
| AUM | $29M | $979.0B | |
| Dividend Yield | 8.32% | 1.09% | |
| Holdings | 489 | 509 | |
| YTD Return | +2.97% | +13.80% | |
| 1Y Return | +9.83% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 7.8% | 14.1% | |
| Max Drawdown | -7.7% | -34.3% | |
| Fund Family | NEOS | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 2, 2025 | Sep 7, 2010 |
SPYH vs VOO Performance
NEOS S&P 500 Hedged Equity Income ETF (SPYH) is a ETF from NEOS and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPYH returned +9.83% while VOO returned +23.71%. Year to date, SPYH is up 2.97% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 7.8% for SPYH. 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 -7.7% for SPYH 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPYH charges 0.68% per year while VOO charges 0.03%. On a $10,000 position that is $68 vs $3 annually, a gap of $65 per year that compounds over a long holding period. On income, SPYH currently yields 8.32% against 1.09% for VOO.
Holdings Overlap
SPYH and VOO share 464 holdings out of 516 unique holdings combined, representing a 88.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in SPYH | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 7.42% | 7.51% | 0.09% |
| AAPL | 7.74% | 6.59% | 1.15% |
| MSFT | 4.53% | 4.30% | 0.23% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings SPYH 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, SPYH or VOO?
SPYH has an expense ratio of 0.68% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, SPYH or VOO?
Over the past year SPYH returned +9.83% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), SPYH annualized +17.45% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, SPYH or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 7.8% for SPYH. Worst drawdown: SPYH -7.7% vs VOO -34.3%.
Should I hold both SPYH and VOO?
SPYH and VOO have a monthly-return correlation of 0.96, 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 SPYH and VOO?
SPYH and VOO share 464 common holdings with a 88.1% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, SPYH or VOO?
SPYH yields 8.32% while VOO yields 1.09%, so SPYH currently pays the higher dividend yield.
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