Data as of Oct 28, 2026.

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LYTE vs VO: Differences, Returns & Fees

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LYTE and VO are measured over different days, and VO charges 0.03% to LYTE's 0.65%.

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Net assets: $165m on Oct 28, 2026 for Roundhill Photonics & Optics ETF, and $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF.

At a glance
−19.6%
LYTE total return, since launch, Aug 6, 2026
+12.8%
VO total return, 1 year
0.65%
LYTE expense ratio
0.03%
VO expense ratio

Pair scorecard

VO costs 0.62 points a year less.

LYTE vs VO: Differences, Returns & Fees
MeasureLYTEVO
Return
Total return, 1 yearnot published+12.8%
Drawdown
Below its all-time high28.5%, high on Aug 17, 2026
Below its high3.1%, high on Aug 14, 2026
Benchmark
What it tracksPhotonics and opticsMorningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)
Cost and size
Expense ratio0.65%0.03%
Net assets, LYTE as of Oct 28, 2026 and VO as of Sep 30, 2026$165m$103.4bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight91%
Top ten holdings, share of the fund9.7%

Method

Side by side

LYTE Roundhill Photonics & Optics ETF VO Vanguard Morningstar Mid-Cap ETF
Where it sits Thematic ETF Stock ETF
What it is Photonics and optics Tracks an index of Mid-Cap
Total return, 1 year −19.6% (since launch, Aug 6, 2026) +12.8%
Expense ratio 0.65% 0.03%
Holdings not yet filed 273
Net assets, LYTE as of Oct 28, 2026 and VO as of Sep 30, 2026 $165m $103.4bn

LYTE and VO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
LYTE

LYTE has no public holdings filing captured yet. Since it first traded on Aug 6, 2026 the fund returned −19.6% with distributions reinvested. It sits 28.5% below its all-time high of Aug 17, 2026.

VO

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Are LYTE and VO in the same category?
LYTE is a thematic ETF and VO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which is cheaper, LYTE or VO?
VO is cheaper, by 0.62 percentage points a year. That is about $62 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, LYTE against VO, data as of Oct 28, 2026. https://etfiq.com/compare/any/lyte-vs-vo

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