BOE vs VOO
BlackRock Enhanced Global 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 509 holdings.
Side-by-Side Comparison
| Metric | BOE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.03% | |
| AUM | $757M | $997.4B | |
| Dividend Yield | 7.56% | 1.08% | |
| Holdings | 169 | 509 | |
| YTD Return | +11.19% | +12.95% | |
| 1Y Return | +17.40% | +20.69% | |
| 3Y Return (annualized) | +17.52% | +22.09% | |
| 5Y Return (annualized) | +7.87% | +13.40% | |
| Volatility (annualized) | 19.3% | 14.1% | |
| Max Drawdown | -76.2% | -34.3% | |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 26, 2005 | Sep 7, 2010 |
BOE vs VOO Performance
BlackRock Enhanced Global Dividend Trust (BOE) is a ETF from BlackRock, Inc. (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BOE returned +17.40% while VOO returned +20.69%. Year to date, BOE is up 11.19% versus a gain of 12.95% for VOO.
Over three years, BOE compounded at +17.52% per year against +22.09% for VOO; over five years the annualized figures are +7.87% and +13.40% respectively. Across the full 16-year window we track, VOO has the edge at +13.50% annualized vs -1.29%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BOE has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -76.2% for BOE 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BOE charges 0.90% per year while VOO charges 0.03%. On a $10,000 position that is $90 vs $3 annually, a gap of $87 per year that compounds over a long holding period. On income, BOE currently yields 7.56% against 1.08% for VOO.
Holdings Overlap
BOE and VOO share 25 holdings out of 531 unique holdings combined, representing a 20.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BOE or VOO?
BOE has an expense ratio of 0.90% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, BOE or VOO?
Over the past year BOE returned +17.40% vs +20.69% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), BOE annualized -1.29% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, BOE or VOO?
BOE has been the more volatile fund at 19.3% annualized versus 14.1% for VOO. Worst drawdown: BOE -76.2% vs VOO -34.3%.
Should I hold both BOE and VOO?
BOE and VOO have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BOE and VOO?
BOE and VOO share 25 common holdings with a 20.7% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, BOE or VOO?
BOE yields 7.56% while VOO yields 1.08%, so BOE currently pays the higher dividend yield.
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