BDJ vs VOO
Blackrock Enhanced Equity Dividend Trust vs Vanguard S&P 500 ETF
Which is better, BDJ or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. BDJ is less concentrated, with 25.2% of the fund in its ten largest positions against 36.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BDJ | VOO |
|---|---|---|
| Expense Ratio | 0.84% | 0.03%Best |
| AUM | $1.9B | $997.4B |
| Dividend Yield | 8.22% | 1.08% |
| Holdings | 307 | 509 |
| YTD Return | +11.27% | +13.81%Best |
| 1Y Return | +20.47% | +21.53%Best |
| 3Y Return (annualized) | +18.40% | +21.46%Best |
| 5Y Return (annualized) | +9.48% | +12.87%Best |
| Volatility (annualized) | 15.8% | 14.1%Best |
| Max Drawdown | -49.1% | -34.3%Best |
| $10,000 over 5 years | $15,728 | $18,319Best |
| Top 10 Weight | 25.2%Best | 36.4% |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Aug 26, 2005 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 3, 2026 (16 years).
BDJ vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
BDJ vs VOO Performance
Blackrock Enhanced Equity Dividend Trust (BDJ) is an ETF from BlackRock, Inc. (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year BDJ returned +20.47% while VOO returned +21.53%. Year to date, BDJ is up 11.27% versus a gain of 13.81% for VOO.
Over three years, BDJ compounded at +18.40% per year against +21.46% for VOO; over five years the annualized figures are +9.48% and +12.87% respectively. Across the full 16-year window we track, VOO has the edge at +13.51% annualized vs +4.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BDJ has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -49.1% for BDJ and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BDJ charges 0.84% per year while VOO charges 0.03%. On a $10,000 position that is $84 vs $3 annually, a gap of $81 per year that compounds over a long holding period. On income, BDJ currently yields 8.22% against 1.08% for VOO.
Holdings Overlap
74.8% of BDJ's money is in holdings VOO also owns. 25.2% of VOO's money is in holdings BDJ also owns.
Most of BDJ is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 91 days apart, BDJ as of Mar 31, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
61 positions in common, counted across the 85 positions we hold weights for in BDJ and 505 in VOO, against full books of 307 and 509.
What only one of them owns
Our book lists 436 positions for VOO that do not appear in our book for BDJ (74.3% of the fund), and 13 for BDJ that do not appear in VOO (11.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BDJ | Weight in VOO | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 2.72% | 4.30% | 1.58% |
| AMZNAmazon.Com Inc | 2.41% | 3.62% | 1.21% |
| GOOGAlphabet Inc. C | 2.09% | 2.59% | 0.50% |
| METAMeta Platform Inc | 2.03% | 1.92% | 0.11% |
| CCitigroup Inc. | 2.88% | 0.36% | 2.52% |
| WFCWells Fargo & Co. | 2.79% | 0.39% | 2.40% |
| ICEInternational Exchange, Inc. | 2.64% | 0.11% | 2.53% |
| JPMJpmorgan Chase | 1.11% | 1.26% | 0.15% |
| CVSCvs Health Corp. | 2.13% | 0.20% | 1.93% |
| MRKMerck & Company Inc | 1.84% | 0.49% | 1.35% |
74.8% of BDJ is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BDJ or VOO?
BDJ has an expense ratio of 0.84% while VOO charges 0.03%. VOO is the cheaper option, by $81 a year on a $10,000 investment.
Which performed better, BDJ or VOO?
Over the past year BDJ returned +20.47% vs +21.53% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), BDJ annualized +4.24% vs +13.51% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BDJ or VOO?
BDJ has been the more volatile fund at 15.8% annualized versus 14.1% for VOO. Worst drawdown: BDJ -49.1% vs VOO -34.3%.
Should I hold both BDJ and VOO?
BDJ and VOO have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BDJ and VOO?
74.8% of BDJ's money is in holdings VOO also owns. 25.2% of VOO's is in holdings BDJ also owns. They hold 61 positions in common, counted across the 85 positions we hold weights for in BDJ and 505 in VOO.
Which pays a higher dividend, BDJ or VOO?
BDJ yields 8.22% while VOO yields 1.08%, so BDJ currently pays the higher dividend yield.
Is VOO better than BDJ?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. BDJ is less concentrated, with 25.2% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.