TAX vs VOO
TAX vs VOO
Cambria Tax Aware 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 | TAX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.03% | |
| AUM | $25M | $979.0B | |
| Dividend Yield | 0.31% | 1.09% | |
| Holdings | 102 | 509 | |
| YTD Return | +11.57% | +13.80% | |
| 1Y Return | +21.45% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 13.3% | 14.1% | |
| Max Drawdown | -18.9% | -34.3% | |
| Fund Family | Cambria Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 18, 2024 | Sep 7, 2010 |
TAX vs VOO Performance
Cambria Tax Aware ETF (TAX) is a ETF from Cambria Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TAX returned +21.45% while VOO returned +23.71%. Year to date, TAX is up 11.57% 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 13.3% for TAX. 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 -18.9% for TAX 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
TAX charges 0.54% per year while VOO charges 0.03%. On a $10,000 position that is $54 vs $3 annually, a gap of $51 per year that compounds over a long holding period. On income, TAX currently yields 0.31% against 1.09% for VOO.
Holdings Overlap
TAX and VOO share 42 holdings out of 562 unique holdings combined, representing a 8.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in TAX | Weight in VOO | Difference |
|---|---|---|---|
| GOOGL | 0.92% | 3.25% | 2.33% |
| AMD | 1.89% | 1.47% | 0.42% |
| META | 0.76% | 1.92% | 1.16% |
| LLY | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| GEV | Pro | Pro | Pro |
| FIX | Pro | Pro | Pro |
| FFIV | Pro | Pro | Pro |
| MGM | Pro | Pro | Pro |
| WAB | Pro | Pro | Pro |
See all 10 holdings TAX 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, TAX or VOO?
TAX has an expense ratio of 0.54% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, TAX or VOO?
Over the past year TAX returned +21.45% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), TAX annualized +18.52% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, TAX or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.3% for TAX. Worst drawdown: TAX -18.9% vs VOO -34.3%.
Should I hold both TAX and VOO?
TAX 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 TAX and VOO?
TAX and VOO share 42 common holdings with a 8.4% weight overlap. Combined, they hold 562 unique securities.
Which pays a higher dividend, TAX or VOO?
TAX yields 0.31% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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