VOO Fund Description

The Vanguard S&P 500 ETF tracks a market-cap-weighted index of U.S. large- and midcap stocks selected by the S&P Committee.

VOO ETF.com Insight

VOO captures the large-cap space well, and charges one of the lowest fees in its segment to do so (0.05%). It's also large and liquid, with $24B in AUM and over $200M in volume most days.VOO delivers the goods across the board The fund tracks its index extremely well too. However, like all S&P 500 funds, it defines large caps as the S&P Committee sees it, which means it includes a fairly large allocation to midcaps (9%). Still, the very slight difference in performance from this bias has helped investors lately—the fund has beaten our benchmark over the past 3 years, consistent with its slightly higher risk. In all, VOO delivers the goods across the board. (Insight updated 11/06/2014)

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 12/15/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
VOO -2.35% 0.74% 9.66% 14.29% 20.42% -- --
VOO (NAV) -2.27% 0.79% 9.75% 14.35% 20.45% -- --
S&P 500 -2.28% 0.79% 9.78% 14.39% 20.49% 14.84% 7.37%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VOO Top 10 Countries

VOO Top 10 Sectors

VOO Top 10 Holdings View All

VOO Summary Data

Vanguard

A company that produces and manages ETFs.

09/07/10

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.05%

The net total annual fee a fund holder pays to the issuer.

$26.11 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$340.72 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.01%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

VOO Portfolio Data

$134.27 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

19.25

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.82

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.85%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

--

The date on which a security's price excludes an upcoming dividend.

502

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

VOO Index Data

S&P 500

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Committee

A set of rules that the underlying index provider follows to select its constituent securities.

MSCI USA Large Cap

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to VOO

SPY, IVV, MGC, IWL, VV

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

VOO ETF.com Efficiency Insight

VOO offers the cheapest ETF exposure to the S&P 500, charging only 0.05%. That, combined with a full replication strategy, means that VOO's returns consistently come extremely close to mimicking its underlying index: It has tended to lag it by only its fee, with virtually no variation. In addition, Vanguard passes through all of its securities-lending gains. The fund has a robust $24B in AUM. (Insight updated 11/06/2014)

Total Return - 12/15/2014
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 12/15/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
VOO -2.35% 0.74% 9.66% 14.29% 20.42% -- --
VOO (NAV) -2.27% 0.79% 9.75% 14.35% 20.45% -- --
S&P 500 -2.28% 0.79% 9.78% 14.39% 20.49% 14.84% 7.37%
MSCI USA Large Cap -2.38% 0.54% 9.07% 13.58% 19.58% 13.77% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VOO Portfolio Management

0.05%

The net annual fee a fund holder pays to the issuer.

-0.05%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

-0.03%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.07%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

VOO Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

VOO Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

100% / 0%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Monthly

The frequency of an issuer's disclosure of all fund holdings.

VOO ETF.com Tradability Insight

VOO trades extremely well—over $200 million on most days, at 2-cent spreads. In addition, VOO's perfect block liquidity score indicates that large traders can get into and out of the fund easily. VOO's strong liquidity helps investors of all sizes. (Insight updated 11/06/2014)



Average Spread
Premium/Discount
Volume

VOO ETF.com/ Block LiquidityAs of 12/16/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of VOO. VOO is rated a 5 out of 5.

VOO Tradability

1,865,492

It is the daily number of shares traded, averaged over the past 45 trading days.

$340.72 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

1,749,798

Median number of shares traded over the past 45 trading days.

$326.78 M

Median dollar value of shares traded over the past 45 trading days.

0.01%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.02

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.00%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

0.54% / -0.09%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

100.00%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

35.00

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.01%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.01%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

3,783

The total number of net outstanding options contracts for an ETF.

$183.0

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

VOO ETF.com Fit Insight

VOO provides comprehensive exposure to the US large-cap space, expanding its selection universe to include an additional 200+ midcap companies that our benchmark excludes. These midcaps tilt VOO's portfolio slightly smaller than our benchmark, and add diversification. The S&P Committee excludes some big names like American Airlines, but VOO's sector allocation still mirrors that of our benchmark closely. Overall, VOO is a great choice for those who define large caps more broadly than we do. (Insight updated 11/06/2014)

VOO Sector/Industry BreakdownView All

VOO Segment Benchmark
18.46% 17.80%

16.36% 16.61%

12.53% 13.13%

12.66% 13.07%

13.80% 13.02%

10.35% 10.21%

8.77% 8.26%

2.63% 3.20%

1.84% 2.35%

VOO Geographic Exposure

VOO Segment Benchmark
99.86% 99.83%

0.14% 0.13%

-- 0.04%

VOO Segment Benchmark
99.86% 99.83%

0.14% 0.13%

-- 0.04%

100.00% / 0% 100.00% / 0%

VOO Performance Statistics

1.00

The degree to which the fund and its segment benchmark move up and down in unison.

1.01

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

1.00

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

1.02

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.03%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

MSCI USA Large Cap

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

VOO Benchmark Comparison

VOO
502 Holdings
Segment Benchmark
299 Constituents
Shared Holdings
276 (Count)
 
87.40% (Weight)
VOOSegment Benchmark
$147.34 B$134.27 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

100%92%
0%8%
0%0%
0%0%
19.3619.25

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.892.82

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.90%1.87%

The weighted average of the current yield on the portfolio’s holdings.

299502

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

LowLow

The level of return contribution attributable to the average portfolio constituent.