TVAL vs VOO
TVAL vs VOO
T. Rowe Price Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. TVAL delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | TVAL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.03% | |
| AUM | $986M | $979.0B | |
| Dividend Yield | 1.00% | 1.09% | |
| Holdings | 347 | 509 | |
| YTD Return | +21.55% | +13.31% | |
| 1Y Return | +34.05% | +24.01% | |
| 3Y Return (annualized) | +19.13% | +21.17% | |
| 5Y Return (annualized) | - | +13.34% | |
| Volatility (annualized) | 12.4% | 14.1% | |
| Max Drawdown | -15.8% | -34.3% | |
| Fund Family | T.Rowe Price | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 14, 2023 | Sep 7, 2010 |
TVAL vs VOO Performance
T. Rowe Price Value ETF (TVAL) is a ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TVAL returned +34.05% while VOO returned +24.01%. Year to date, TVAL is up 21.55% versus a gain of 13.31% for VOO.
Over three years, TVAL compounded at +19.13% per year against +21.17% for VOO. Across the full 3-year window we track, TVAL has the edge at +19.35% annualized vs +13.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.4% for TVAL. 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 -15.8% for TVAL 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TVAL charges 0.33% per year while VOO charges 0.03%. On a $10,000 position that is $33 vs $3 annually, a gap of $30 per year that compounds over a long holding period. On income, TVAL currently yields 1.00% against 1.09% for VOO.
Holdings Overlap
TVAL and VOO share 1 holdings out of 666 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in TVAL | Weight in VOO | Difference |
|---|---|---|---|
| VST | 0.04% | 0.08% | 0.04% |
Frequently Asked Questions
Which is cheaper, TVAL or VOO?
TVAL has an expense ratio of 0.33% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, TVAL or VOO?
Over the past year TVAL returned +34.05% vs +24.01% for VOO, so TVAL leads on 1-year performance. Over the longest common window we track (3 years), TVAL annualized +19.35% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, TVAL or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.4% for TVAL. Worst drawdown: TVAL -15.8% vs VOO -34.3%.
Should I hold both TVAL and VOO?
TVAL and VOO have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TVAL and VOO?
TVAL and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 666 unique securities.
Which pays a higher dividend, TVAL or VOO?
TVAL yields 1.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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