TRPA vs VOO
TRPA vs VOO
Hartford AAA CLO 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 | TRPA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.03% | |
| AUM | $111M | $979.0B | |
| Dividend Yield | 5.07% | 1.09% | |
| Holdings | 123 | 509 | |
| YTD Return | -0.22% | +9.95% | |
| 1Y Return | +1.81% | +19.58% | |
| 3Y Return (annualized) | +5.13% | +19.43% | |
| 5Y Return (annualized) | +2.76% | +12.89% | |
| Volatility (annualized) | 3.5% | 14.2% | |
| Max Drawdown | -10.8% | -34.3% | |
| Fund Family | Hartford Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 30, 2018 | Sep 7, 2010 |
TRPA vs VOO Performance
Hartford AAA CLO ETF (TRPA) is a ETF from Hartford Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TRPA returned +1.81% while VOO returned +19.58%. Year to date, TRPA is down 0.22% versus a gain of 9.95% for VOO.
Over three years, TRPA compounded at +5.13% per year against +19.43% for VOO; over five years the annualized figures are +2.76% and +12.89% respectively. Across the full 8-year window we track, VOO has the edge at +13.35% annualized vs +3.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 3.5% for TRPA. 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 -10.8% for TRPA 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TRPA charges 0.24% per year while VOO charges 0.03%. On a $10,000 position that is $24 vs $3 annually, a gap of $21 per year that compounds over a long holding period. On income, TRPA currently yields 5.07% against 1.09% for VOO.
Holdings Overlap
TRPA 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, TRPA or VOO?
TRPA has an expense ratio of 0.24% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, TRPA or VOO?
Over the past year TRPA returned +1.81% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), TRPA annualized +3.13% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, TRPA or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 3.5% for TRPA. Worst drawdown: TRPA -10.8% vs VOO -34.3%.
Should I hold both TRPA and VOO?
TRPA and VOO have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TRPA and VOO?
TRPA and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, TRPA or VOO?
TRPA yields 5.07% while VOO yields 1.09%, so TRPA currently pays the higher dividend yield.
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