BYLD vs VOO
iShares Yield Optimized Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. BYLD offers more diversification with 14906 holdings.
Side-by-Side Comparison
| Metric | BYLD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.13% | 0.03% | |
| AUM | $448M | $979.0B | |
| Dividend Yield | 5.34% | 1.09% | |
| Holdings | 13 | 509 | |
| YTD Return | +0.57% | +13.72% | |
| 1Y Return | +3.60% | +21.63% | |
| 3Y Return (annualized) | +6.21% | +21.55% | |
| 5Y Return (annualized) | +1.90% | +13.26% | |
| Volatility (annualized) | 4.6% | 14.1% | |
| Max Drawdown | -15.9% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 22, 2014 | Sep 7, 2010 |
BYLD vs VOO Performance
iShares Yield Optimized Bond ETF (BYLD) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BYLD returned +3.60% while VOO returned +21.63%. Year to date, BYLD is up 0.57% versus a gain of 13.72% for VOO.
Over three years, BYLD compounded at +6.21% per year against +21.55% for VOO; over five years the annualized figures are +1.90% and +13.26% respectively. Across the full 12-year window we track, VOO has the edge at +13.56% annualized vs +0.95%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 4.6% for BYLD. 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 -15.9% for BYLD 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BYLD charges 0.13% per year while VOO charges 0.03%. On a $10,000 position that is $13 vs $3 annually, a gap of $10 per year that compounds over a long holding period. On income, BYLD currently yields 5.34% against 1.09% for VOO.
Holdings Overlap
BYLD and VOO share 4 holdings out of 15407 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BYLD or VOO?
BYLD has an expense ratio of 0.13% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, BYLD or VOO?
Over the past year BYLD returned +3.60% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (12 years), BYLD annualized +0.95% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, BYLD or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 4.6% for BYLD. Worst drawdown: BYLD -15.9% vs VOO -34.3%.
Should I hold both BYLD and VOO?
BYLD and VOO have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BYLD and VOO?
BYLD and VOO share 4 common holdings with a 0.0% weight overlap. Combined, they hold 15407 unique securities.
Which pays a higher dividend, BYLD or VOO?
BYLD yields 5.34% while VOO yields 1.09%, so BYLD currently pays the higher dividend yield.
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