BDJ vs VOO
Blackrock Enhanced Equity Dividend Trust vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BDJ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.84% | 0.03% | |
| AUM | $1.8B | $979.0B | |
| Dividend Yield | 8.39% | 1.09% | |
| Holdings | 307 | 509 | |
| YTD Return | +10.24% | +13.79% | |
| 1Y Return | +22.35% | +23.01% | |
| 3Y Return (annualized) | +16.22% | +21.78% | |
| 5Y Return (annualized) | +9.23% | +13.39% | |
| Volatility (annualized) | 17.5% | 14.1% | |
| Max Drawdown | -67.3% | -34.3% | |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 26, 2005 | Sep 7, 2010 |
BDJ vs VOO Performance
Blackrock Enhanced Equity Dividend Trust (BDJ) is a ETF from BlackRock, Inc. (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BDJ returned +22.35% while VOO returned +23.01%. Year to date, BDJ is up 10.24% versus a gain of 13.79% for VOO.
Over three years, BDJ compounded at +16.22% per year against +21.78% for VOO; over five years the annualized figures are +9.23% and +13.39% respectively. Across the full 16-year window we track, VOO has the edge at +13.57% annualized vs +0.44%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BDJ has been the more volatile fund, with annualized monthly volatility of 17.5% 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 -67.3% for BDJ and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 8.39% against 1.09% for VOO.
Holdings Overlap
BDJ and VOO share 61 holdings out of 529 unique holdings combined, representing a 20.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $81 per year of difference.
Which performed better, BDJ or VOO?
Over the past year BDJ returned +22.35% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), BDJ annualized +0.44% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, BDJ or VOO?
BDJ has been the more volatile fund at 17.5% annualized versus 14.1% for VOO. Worst drawdown: BDJ -67.3% vs VOO -34.3%.
Should I hold both BDJ and VOO?
BDJ and VOO have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BDJ and VOO?
BDJ and VOO share 61 common holdings with a 20.3% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, BDJ or VOO?
BDJ yields 8.39% while VOO yields 1.09%, so BDJ currently pays the higher dividend yield.
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