Data as of Nov 4, 2026.
VOO vs ZHDG: Differences, Returns & Fees
Over the year to Nov 4, 2026, VOO returned +14.8% to ZHDG's +6.6%, and VOO charges 0.03% to ZHDG's 0.95%.
askIQ about this page
askIQ about VOO and ZHDG
Net assets: $1.0tn on Oct 31, 2026 for Vanguard S&P 500 ETF, and $35m on Jul 31, 2026 for ZEGA Buy and Hedge ETF.
Pair scorecard
VOO costs 0.92 points a year less; their one-year returns differ by 8.2 points.
| Measure | VOO | ZHDG |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.8% | +6.6% |
| Total return, 52 weeks | +6.3% | |
| Against its benchmark | ||
| What it tracks | S&P 500 Index | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 2.6 points ahead | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.95% |
| Net assets, VOO as of Oct 31, 2026 and ZHDG as of Jul 31, 2026 | $1.0tn | $35m |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 100% | |
| Holdings dated | Sep 30, 2026 | |
| Top ten holdings, share of the fund | 39.1% | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.96 | |
| Beta to the S&P 500 | +0.82: about 0.82% for each 1% | |
| Its average week when the S&P 500 fell | fell 0.92% | |
| Down-week capture | 85.6% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.07% on average | |
Side by side
VOO and ZHDG on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
VOO
VOO tracks the S&P 500. Over the year to Nov 4, 2026 it returned +14.8% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 39.1%.
ZHDG
ZHDG is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.96 with the S&P 500’s and a beta of +0.82, so for each 1% the index moved it moved about 0.82% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks ZHDG fell 0.92% on average, a down-week capture of 85.6%. Over the same 52 weeks ZHDG returned +6.3% and a Treasury bill fund +3.7%, so it finished 2.6 percentage points ahead of cash.
Questions people ask
- Are VOO and ZHDG in the same category?
- VOO is a stock ETF and ZHDG is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, VOO or ZHDG?
- In the year to Nov 4, 2026, with distributions reinvested, VOO returned +14.8% and ZHDG +6.6%.
- Which is cheaper, VOO or ZHDG?
- VOO is cheaper, by 0.92 percentage points a year. That is about $92 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
Cite this pageCitation, APA and Markdown
ETFIQ, VOO against ZHDG, data as of Nov 4, 2026. https://etfiq.com/compare/any/voo-vs-zhdg
ETFIQ. (Nov 4, 2026). VOO against ZHDG. Retrieved from https://etfiq.com/compare/any/voo-vs-zhdg
[VOO against ZHDG (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/voo-vs-zhdg)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.