PBUS vs VOOV: Grades, Fees and Holdings Compared

Invesco MSCI USA ETF

PBUSACboe

Vanguard S&P 500 Value ETF

VOOVANYSE Arca

Overlap

58.1%by weight

Expense ratio

PBUS −0.03pt a year

PBUS0.04%VOOV0.07%

Avg volume · 30D

PBUS 6.3×the volume

PBUS433KVOOV68.7K

5Y return · a year

VOOV +0.2pt

PBUS+11.5%VOOV+11.7%

PBUS vs VOOV Performance

Oct 29, 2021 – Oct 30, 2026

+72.6%PBUS+73.6%VOOV

Expense ratio: PBUS 0.04%, better; VOOV 0.07%
Fund size: PBUS $10.5B; VOOV $6.8B
1Y total return: PBUS +11.5%; VOOV +16.6%, better
Yield (12M): PBUS 1.02%; VOOV 1.62%, better
Holdings: PBUS 517; VOOV 442
Avg volume (30D): PBUS 433K sh, better; VOOV 68.7K sh
NAV per share: PBUS $75.71; VOOV $231.14
52W range

ETF.net Grade

Pillar letters and Scores for PBUS, VOOV, with each pillar’s weight
Pillar	PBUS	VOOV
Cost30% weight	A98Higher	A88
Mission25% weight	A100Higher	A87
Risk15% weight	B63	A82Higher
Tradability15% weight	A86Higher	C52
Holdings10% weight	C50	B69Higher
Durability5% weight	A74	A85Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. PBUS and VOOV are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

PBUS ranks 3rd and VOOV 4th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 85
Rank 4AVOOVVanguard S&P 500 Value ETFScore 79
Rank 4AVOTETCW Transform 500 ETFScore 79

Our read on each fund

ETF.net Research

PBUSAInvesco MSCI USA ETF

VOOVAVanguard S&P 500 Value ETF

In short

PBUS Roughly 500 US stocks for 0.04% a year, benchmarked to the MSCI USA Index instead of the S&P 500. Invesco's rules-based core holding, running since 2017.

VOOV Vanguard takes the S&P 500, sorts it by value traits, and hands you the cheap half: roughly 400 familiar large caps, one published index, seven basis points. A value tilt without leaving the blue-chip universe.

Stated mandate

PBUS The Fund tracks the MSCI USA Index and commits at least 90% of its assets to securities included in that index.

VOOV The fund seeks to track the performance of the S&P 500 Value Index.

Why people hold it

PBUS 0.04% a year sits at the floor of its peer group, matching SPYV and a hair above SCHK's 0.03%.invesco.com
Returns have hugged the MSCI USA Index about as tightly as anything in its cohort, so index-level exposure arrives with very little slippage.
A multi-billion-dollar fund trading since 2017, with a real market cycle behind it rather than a launch-window track record.
Roughly 500 names and quarterly distributions: a plain broad-market wrapper with no options overlay, no leverage, no sector tilt bolted on.

VOOV Charges 0.07% a year against a 0.45% median for its index-tracker peer group. The value tilt arrives without the usual factor-fund markup.
No manager discretion. It follows one published benchmark, the S&P 500 Value Index, holding roughly 400 large-cap names most investors already know.vanguard.com
Running since 2010 and now a multi-billion-dollar fund, it sits among the strongest implementations in its peer group of plain index wrappers.

Worth knowing

PBUS MSCI USA is not the S&P 500. Holdings and results drift from an S&P-benchmarked portfolio, which matters if that is the yardstick you track against.invesco.com
The mandate commits at least 90% of assets to index securities, which leaves a slice of room outside the benchmark.
Moderately traded rather than one of the tape's busiest tickers, so spreads deserve a glance and limit orders earn their keep.

VOOV SPYV tracks the same S&P 500 Value Index for 0.04%. Same benchmark, thinner fee.
You own one side of the index. When the growth half of the S&P 500 leads, this fund's path diverges from the headline benchmark.
Volume is moderate rather than heavy, so spreads can run wider than the busiest large-cap ETFs. Cash comes back quarterly, not monthly.

Full PBUS profile⁠

Full VOOV profile⁠

PBUS vs VOOV Holdings

How PBUS and VOOV differ

Overlap by weight

58.1%

Shared holdings make up 96.4% of VOOV and 60.3% of PBUS.

Level by level

Holdings371 in both58.1%
Sector11 Sectors75.6%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in PBUS and VOOV, widest gap first
Sector	More in PBUSMore in VOOV	PBUS	VOOV
Technology	PBUS +17.4 points	40.2%	22.8%
Communication	PBUS +7.0 points	9.9%	2.9%
Consumer Staples	VOOV +4.3 points	4.3%	8.6%
Energy	VOOV +4.2 points	3.5%	7.7%
Health Care	VOOV +3.9 points	9.3%	13.2%
Financials	VOOV +3.7 points	11.0%	14.7%
Industrials	VOOV +2.1 points	7.9%	10.0%
Utilities	VOOV +2.1 points	1.8%	3.9%
Materials	VOOV +1.7 points	1.6%	3.3%
Real Estate	VOOV +1.5 points	1.6%	3.1%
Consumer Discretionary	VOOV +1.0 points	8.8%	9.8%

Country, concentration and asset class

Country by domicile

Country weights in PBUS and VOOV, widest gap first
Country	More in PBUSMore in VOOV	PBUS	VOOV
United States	VOOV +0.8 points	99.2%	100.0%
Other countries (8)	PBUS +0.8 points	0.8%	0.0%

Concentration

Weight in the 10 largest Holdings

PBUS36.6%
VOOV24.8%

Securities held

PBUS515
VOOV437

Asset class

PBUS: Equity
VOOV: Equity

Holdings

Only in PBUS144
In both371
Only in VOOV66

Only in PBUS

144 securities, 39.6% of PBUS by weight

NVIDIA Corp7.39%
Microsoft Corp5.63%
Alphabet Inc2.51%
Broadcom Inc2.35%
Meta Platforms Inc2.06%
Alphabet Inc1.99%
Eli Lilly & Co1.65%
Micron Technology Inc1.59%
Advanced Micro Devices Inc1.39%
Berkshire Hathaway Inc1.15%
Palantir Technologies Inc0.64%
Applied Materials Inc0.50%
Lam Research Corp0.48%
Caterpillar Inc0.45%
RTX Corp0.40%
Crowdstrike Holdings Inc0.39%
Netflix Inc0.39%
GE Vernova Inc0.36%
KLA Corp0.33%
Amphenol Corp0.30%
Sandisk Corp0.30%
Arista Networks Inc0.30%
Welltower Inc0.25%
Intuitive Surgical Inc0.24%
Newmont Corp0.18%
Uber Technologies Inc0.18%
Booking Holdings Inc0.18%
Snowflake Inc0.16%
Cloudflare Inc0.15%
Quanta Services Inc0.14%
Elevance Health Inc0.14%
Vertiv Holdings Co0.13%
Marriott International Inc/MD0.13%
Space Exploration Technologies Corp0.13%
Datadog Inc0.13%
Howmet Aerospace Inc0.12%
Hilton Worldwide Holdings Inc0.12%
Royal Caribbean Cruises Ltd0.12%
MercadoLibre Inc0.12%
HCA Healthcare Inc0.11%
O'Reilly Automotive Inc0.11%
Lumentum Holdings Inc0.11%
Robinhood Markets Inc0.10%
TransDigm Group Inc0.10%
DoorDash Inc0.10%
Monster Beverage Corp0.10%
Cheniere Energy Inc0.10%
Bloom Energy Corp0.09%
Natera Inc0.09%
AppLovin Corp0.09%

Only in VOOV

66 securities, 3.5% of VOOV by weight

Elevance Health Inc0.28%
Warner Bros Discovery Inc0.27%
Moderna Inc0.25%
Becton Dickinson & Co0.17%
Vivmark Residential0.15%
Block Inc0.14%
Fiserv Inc0.08%
Southwest Airlines Co0.07%
Viatris Inc0.07%
Zebra Technologies Corp0.06%
Revvity Inc0.06%
Host Hotels & Resorts Inc0.05%
Akamai Technologies Inc0.05%
Ball Corp0.05%
Apa Corp0.05%
Charles River Laboratories International Inc0.05%
Healthpeak Properties Inc0.05%
Stanley Black & Decker Inc0.05%
Trimble Inc0.05%
Invesco Ltd0.05%
Assurant Inc0.04%
Avery Dennison Corp0.04%
Solventum Corp0.04%
Globe Life Inc0.04%
J M Smucker Co/The0.04%
Albemarle Corp0.04%
Baxter International Inc0.04%
Hasbro Inc0.04%
Generac Holdings Inc0.04%
Tyler Technologies Inc0.04%
GoDaddy Inc0.04%
Gartner Inc0.04%
Bio-Techne Corp0.04%
Pinnacle West Capital Corp0.04%
CoStar Group Inc0.04%
AES Corp/The0.04%
Huntington Ingalls Industries Inc0.04%
Jack Henry & Associates Inc0.04%
Lululemon Athletica Inc0.03%
Domino's Pizza Inc0.03%
UDR Inc0.03%
Clorox Co/The0.03%
BXP Inc0.03%
Camden Property Trust0.03%
FactSet Research Systems Inc0.03%
Align Technology Inc0.03%
Franklin Templeton Inc0.03%
Universal Health Services Inc0.03%
Aptiv PLC0.03%
Federal Realty Investment Trust0.03%

Weight gaps

The 100 widest of 371 Holdings in both funds.

Holding weights in PBUS and VOOV, widest gap first
Holding	More in PBUSMore in VOOV	PBUS	VOOV
Intel CorpINTC	VOOV +1.44 points	0.61%	2.05%
ExxonMobil Holdings CorpXOM	VOOV +1.16 points	1.14%	2.30%
Walmart IncWMT	VOOV +0.79 points	0.80%	1.59%
Chevron CorpCVX	VOOV +0.75 points	0.64%	1.39%
Costco Wholesale CorpCOST	VOOV +0.72 points	0.67%	1.39%
Bank of America CorpBAC	VOOV +0.72 points	0.50%	1.22%
Merck & Co IncMRK	VOOV +0.69 points	0.54%	1.23%
Apple IncAAPL	VOOV +0.64 points	7.71%	8.35%
Procter & Gamble Co/ThePG	VOOV +0.60 points	0.56%	1.16%
UnitedHealth Group IncUNH	VOOV +0.57 points	0.56%	1.13%
Home Depot Inc/TheHD	VOOV +0.48 points	0.49%	0.97%
Thermo Fisher Scientific IncTMO	VOOV +0.46 points	0.40%	0.86%
Texas Instruments IncTXN	VOOV +0.45 points	0.43%	0.88%
Wells Fargo & CoWFC	VOOV +0.44 points	0.39%	0.83%
Tesla IncTSLA	PBUS +0.43 points	1.74%	1.31%
Citigroup IncC	VOOV +0.42 points	0.32%	0.74%
JPMorgan Chase & CoJPM	PBUS +0.40 points	1.37%	0.97%
Linde PLCLIN	VOOV +0.40 points	0.35%	0.75%
Amazon.com IncAMZN	VOOV +0.40 points	3.55%	3.95%
QUALCOMM IncQCOM	VOOV +0.39 points	0.29%	0.68%
Verizon Communications IncVZ	VOOV +0.38 points	0.27%	0.65%
Salesforce IncCRM	VOOV +0.37 points	0.28%	0.65%
Western Digital CorpWDC	VOOV +0.36 points	0.20%	0.56%
AT&T IncT	VOOV +0.35 points	0.22%	0.57%
Analog Devices IncADI	VOOV +0.34 points	0.32%	0.66%
Dell Technologies IncDELL	VOOV +0.35 points	0.21%	0.56%
Eaton Corp PLCETN	VOOV +0.34 points	0.23%	0.57%
Deere & CoDE	VOOV +0.34 points	0.24%	0.58%
Walt Disney Co/TheDIS	VOOV +0.33 points	0.29%	0.62%
Charles Schwab Corp/TheSCHW	VOOV +0.33 points	0.22%	0.55%
PepsiCo IncPEP	VOOV +0.32 points	0.27%	0.59%
Abbott LaboratoriesABT	VOOV +0.32 points	0.27%	0.59%
Pfizer IncPFE	VOOV +0.30 points	0.26%	0.56%
Union Pacific CorpUNP	VOOV +0.29 points	0.27%	0.56%
NextEra Energy IncNEE	VOOV +0.28 points	0.26%	0.54%
Mastercard IncMA	PBUS +0.26 points	0.77%	0.51%
Blackrock IncBLK	VOOV +0.26 points	0.26%	0.52%
Bristol-Myers Squibb CoBMY	VOOV +0.25 points	0.19%	0.44%
Danaher CorpDHR	VOOV +0.25 points	0.23%	0.48%
Vertex Pharmaceuticals IncVRTX	VOOV +0.25 points	0.21%	0.46%
Prologis IncPLD	VOOV +0.24 points	0.18%	0.42%
ConocoPhillipsCOP	VOOV +0.25 points	0.27%	0.52%
Capital One Financial CorpCOF	VOOV +0.23 points	0.18%	0.41%
Valero Energy CorpVLO	VOOV +0.21 points	0.17%	0.38%
CVS Health CorpCVS	VOOV +0.21 points	0.17%	0.38%
Freeport-McMoRan IncFCX	VOOV +0.21 points	0.14%	0.35%
Chubb LtdCB	VOOV +0.20 points	0.19%	0.39%
Altria Group IncMO	VOOV +0.20 points	0.19%	0.39%
Medtronic PLCMDT	VOOV +0.19 points	0.19%	0.38%
Marathon Petroleum CorpMPC	VOOV +0.19 points	0.19%	0.38%
Equinix IncEQIX	VOOV +0.19 points	0.15%	0.34%
Starbucks CorpSBUX	VOOV +0.19 points	0.18%	0.37%
Phillips 66PSX	VOOV +0.19 points	0.16%	0.35%
Automatic Data Processing IncADP	VOOV +0.18 points	0.17%	0.35%
Lowe's Cos IncLOW	VOOV +0.19 points	0.17%	0.35%
Adobe IncADBE	VOOV +0.18 points	0.15%	0.33%
Hewlett Packard Enterprise CoHPE	VOOV +0.17 points	0.12%	0.29%
Southern Co/TheSO	VOOV +0.17 points	0.16%	0.33%
McKesson CorpMCK	VOOV +0.17 points	0.17%	0.34%
US BancorpUSB	VOOV +0.17 points	0.14%	0.31%
Corteva IncCTVA	VOOV +0.17 points	0.01%	0.18%
PNC Financial Services Group Inc/ThePNC	VOOV +0.16 points	0.14%	0.30%
T-Mobile US IncTMUS	VOOV +0.16 points	0.11%	0.27%
Accenture PLCACN	VOOV +0.16 points	0.23%	0.39%
Duke Energy CorpDUK	VOOV +0.16 points	0.15%	0.31%
Blackstone IncBX	VOOV +0.16 points	0.13%	0.29%
Lockheed Martin CorpLMT	VOOV +0.16 points	0.20%	0.36%
Intercontinental Exchange IncICE	VOOV +0.15 points	0.14%	0.29%
3M CoMMM	VOOV +0.15 points	0.14%	0.29%
Synopsys IncSNPS	VOOV +0.16 points	0.13%	0.29%
Delta Air Lines IncDAL	VOOV +0.15 points	0.02%	0.17%
CSX CorpCSX	VOOV +0.15 points	0.15%	0.30%
Williams Cos Inc/TheWMB	VOOV +0.15 points	0.14%	0.29%
Comcast CorpCMCSA	VOOV +0.14 points	0.12%	0.26%
Marvell Technology IncMRVL	VOOV +0.14 points	0.28%	0.42%
Sherwin-Williams Co/TheSHW	VOOV +0.14 points	0.11%	0.25%
Target CorpTGT	VOOV +0.14 points	0.10%	0.24%
Marsh & McLennan Cos IncMRSH	VOOV +0.14 points	0.14%	0.28%
Mondelez International IncMDLZ	VOOV +0.13 points	0.12%	0.25%
American Tower CorpAMT	VOOV +0.13 points	0.13%	0.26%
Motorola Solutions IncMSI	VOOV +0.13 points	0.12%	0.25%
Travelers Cos Inc/TheTRV	VOOV +0.13 points	0.13%	0.26%
Keysight Technologies IncKEYS	VOOV +0.13 points	0.08%	0.21%
Regeneron Pharmaceuticals IncREGN	VOOV +0.13 points	0.13%	0.26%
Cigna Group/TheCI	VOOV +0.13 points	0.12%	0.25%
SLB LtdSLB	VOOV +0.13 points	0.12%	0.25%
Colgate-Palmolive CoCL	VOOV +0.12 points	0.11%	0.23%
Coca-Cola Co/TheKO	VOOV +0.12 points	0.54%	0.66%
Honeywell International IncHON	VOOV +0.12 points	0.11%	0.23%
Norfolk Southern CorpNSC	VOOV +0.13 points	0.11%	0.24%
Ecolab IncECL	VOOV +0.12 points	0.12%	0.24%
Amgen IncAMGN	PBUS +0.12 points	0.37%	0.25%
Waste Management IncWM	VOOV +0.12 points	0.14%	0.26%
United Parcel Service IncUPS	VOOV +0.12 points	0.12%	0.24%
Cintas CorpCTAS	VOOV +0.12 points	0.11%	0.23%
EOG Resources IncEOG	VOOV +0.12 points	0.13%	0.25%
PACCAR IncPCAR	VOOV +0.12 points	0.08%	0.20%
American Electric Power Co IncAEP	VOOV +0.11 points	0.11%	0.22%
General Motors CoGM	VOOV +0.11 points	0.12%	0.23%
Goldman Sachs Group Inc/TheGS	PBUS +0.11 points	0.41%	0.30%

All 515 PBUS holdings⁠All 398 VOOV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PBUS vs VOOV Cost

Overpaying VOOV vs PBUS

$631

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

PBUS 0.04%
$849
VOOV 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

PBUS 0.04%
VOOV 0.07%
Overpaying

Year by year

Year	PBUS	VOOV	Overpaying
10	$73	$128	$55
20	$288	$503	$215
30	$849	$1,480	$631

Expense ratio

0.04%PBUS, cheaper
0.07%VOOV

PBUS0.04%VOOV0.07%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

PBUS 2nd cheapest of 42 funds

VOOV 6th cheapest of 42 funds

PBUS vs VOOV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): PBUS 1.02%; VOOV 1.62%, better
Payout (12M): PBUS $0.77; VOOV $3.75
Last payment: PBUS $0.19; VOOV $0.95
Ex-dividend: PBUS Sep 21, 2026; VOOV Sep 23, 2026
Paid on: PBUS Sep 25, 2026; VOOV Sep 25, 2026
Frequency: PBUS Quarterly; VOOV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PBUSQuarterly · 36 paymentsAll PBUS payments⁠

VOOVQuarterly · 39 paymentsAll VOOV payments⁠

PBUS vs VOOV Risk

Fall from peak · 5 years

PBUS
VOOV

Risk facts

VolatilityStd dev, 3 years: PBUS 12.5%VOOV 11.8%, better
Return per unit of riskSharpe ratio, 3 years: PBUS 1.41, betterVOOV 1.15
Worst fallMax drawdown, 5 years: PBUS −25.4%VOOV −18.1%, better
Market sensitivityBeta, 5 years: PBUS 1.02VOOV 0.84; Market = 1

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