TSPA vs VOO
TSPA vs VOO
T Rowe Price US Equity Research 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 | TSPA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.03% | |
| AUM | $4.2B | $979.0B | |
| Dividend Yield | 0.56% | 1.09% | |
| Holdings | 310 | 509 | |
| YTD Return | +13.59% | +13.80% | |
| 1Y Return | +23.26% | +23.71% | |
| 3Y Return (annualized) | +21.51% | +21.50% | |
| 5Y Return (annualized) | +13.84% | +13.44% | |
| Volatility (annualized) | 15.8% | 14.1% | |
| Max Drawdown | -24.7% | -34.3% | |
| Fund Family | T.Rowe Price | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 8, 2021 | Sep 7, 2010 |
TSPA vs VOO Performance
T Rowe Price US Equity Research ETF (TSPA) is a ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TSPA returned +23.26% while VOO returned +23.71%. Year to date, TSPA is up 13.59% versus a gain of 13.80% for VOO.
Over three years, TSPA compounded at +21.51% per year against +21.50% for VOO; over five years the annualized figures are +13.84% and +13.44% respectively. Across the full 5-year window we track, TSPA has the edge at +14.42% annualized vs +13.58%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSPA has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -24.7% for TSPA 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
TSPA charges 0.34% per year while VOO charges 0.03%. On a $10,000 position that is $34 vs $3 annually, a gap of $31 per year that compounds over a long holding period. On income, TSPA currently yields 0.56% against 1.09% for VOO.
Holdings Overlap
TSPA and VOO share 257 holdings out of 555 unique holdings combined, representing a 65.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in TSPA | Weight in VOO | Difference |
|---|---|---|---|
| AAPL | 6.96% | 6.59% | 0.37% |
| MSFT | 4.96% | 4.30% | 0.66% |
| AMZN | 3.77% | 3.62% | 0.15% |
| GOOG | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
See all 10 holdings TSPA 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, TSPA or VOO?
TSPA has an expense ratio of 0.34% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, TSPA or VOO?
Over the past year TSPA returned +23.26% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), TSPA annualized +14.42% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, TSPA or VOO?
TSPA has been the more volatile fund at 15.8% annualized versus 14.1% for VOO. Worst drawdown: TSPA -24.7% vs VOO -34.3%.
Should I hold both TSPA and VOO?
TSPA and VOO have a monthly-return correlation of 1.00, 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 TSPA and VOO?
TSPA and VOO share 257 common holdings with a 65.8% weight overlap. Combined, they hold 555 unique securities.
Which pays a higher dividend, TSPA or VOO?
TSPA yields 0.56% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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