XLG vs. VOO
Compare and contrast key facts about Invesco S&P 500® Top 50 ETF (XLG) and Vanguard S&P 500 ETF (VOO).
XLG and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLG is a passively managed fund by Invesco that tracks the performance of the Russell Top 50 Index. It was launched on May 10, 2005. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both XLG and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLG or VOO.
Key characteristics
| XLG | VOO | |
|---|---|---|
| YTD Return | 26.48% | 21.25% |
| 1Y Return | 41.48% | 35.89% |
| 3Y Return (Ann) | 12.90% | 10.52% |
| 5Y Return (Ann) | 19.02% | 15.94% |
| 10Y Return (Ann) | 14.95% | 13.27% |
| Sharpe Ratio | 2.80 | 2.88 |
| Daily Std Dev | 14.79% | 12.47% |
| Max Drawdown | -52.39% | -33.99% |
| Current Drawdown | -0.97% | -0.12% |
Correlation
The correlation between XLG and VOO is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XLG vs. VOO - Performance Comparison
In the year-to-date period, XLG achieves a 26.48% return, which is significantly higher than VOO's 21.25% return. Over the past 10 years, XLG has outperformed VOO with an annualized return of 14.95%, while VOO has yielded a comparatively lower 13.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XLG vs. VOO - Expense Ratio Comparison
XLG has a 0.20% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XLG vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Top 50 ETF (XLG) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
XLG vs. VOO - Dividend Comparison
XLG's dividend yield for the trailing twelve months is around 0.76%, less than VOO's 1.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLG Invesco S&P 500® Top 50 ETF | 0.76% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% | 1.97% | 1.97% |
VOO Vanguard S&P 500 ETF | 1.57% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
XLG vs. VOO - Drawdown Comparison
The maximum XLG drawdown since its inception was -52.39%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XLG and VOO. For additional features, visit the drawdowns tool.
Volatility
XLG vs. VOO - Volatility Comparison
Invesco S&P 500® Top 50 ETF (XLG) has a higher volatility of 4.79% compared to Vanguard S&P 500 ETF (VOO) at 3.91%. This indicates that XLG's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.