VOO vs XOEF

Quick Verdict

VOO has a lower expense ratio. XOEF delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: XOEFMore Diversified: VOO

Side-by-Side Comparison

MetricVOOXOEFWinner
Expense Ratio0.03%0.20%
AUM$979.0B$23M
Dividend Yield1.09%1.03%
Holdings509408
YTD Return+13.80%+16.67%
1Y Return+23.71%+23.82%
3Y Return (annualized)+21.50%-
5Y Return (annualized)+13.44%-
Volatility (annualized)14.1%11.3%
Max Drawdown-34.3%-7.7%
Fund FamilyVanguard (US)iShares by BlackRock (US)
CategoryEquityEquity
InceptionSep 7, 2010Jul 8, 2025

VOO vs XOEF Performance

Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and iShares S&P 500 ex S&P 100 ETF (XOEF) is a ETF from iShares by BlackRock (US). Over the past year VOO returned +23.71% while XOEF returned +23.82%. Year to date, VOO is up 13.80% versus a gain of 16.67% for XOEF.

Risk: Volatility and Drawdowns

VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 11.3% for XOEF. 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 -34.3% for VOO and -7.7% for XOEF. 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 0.70. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

VOO charges 0.03% per year while XOEF charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, VOO currently yields 1.09% against 1.03% for XOEF.

Holdings Overlap

28.0%overlap

VOO and XOEF share 395 holdings out of 515 unique holdings combined, representing a 28.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in VOOWeight in XOEFDifference
KLAC0.61%1.68%1.07%
PANW0.43%1.60%1.17%
SNDK0.52%1.42%0.90%
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APHProProPro
WDCProProPro
CRWDProProPro
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Frequently Asked Questions

Which is cheaper, VOO or XOEF?

VOO has an expense ratio of 0.03% while XOEF charges 0.20%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.

Which performed better, VOO or XOEF?

Over the past year VOO returned +23.71% vs +23.82% for XOEF, so XOEF leads on 1-year performance. Over the longest common window we track (1 years), VOO annualized +13.58% vs +20.75% for XOEF. Past performance does not guarantee future results.

Which is riskier, VOO or XOEF?

VOO has been the more volatile fund at 14.1% annualized versus 11.3% for XOEF. Worst drawdown: VOO -34.3% vs XOEF -7.7%.

Should I hold both VOO and XOEF?

VOO and XOEF have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between VOO and XOEF?

VOO and XOEF share 395 common holdings with a 28.0% weight overlap. Combined, they hold 515 unique securities.

Which pays a higher dividend, VOO or XOEF?

VOO yields 1.09% while XOEF yields 1.03%, so VOO currently pays the higher dividend yield.

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