CAPE vs VOO
DoubleLine Shiller CAPE US Equities ETF vs Vanguard S&P 500 ETF
Which is better, CAPE or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. CAPE is less concentrated, with 26.3% of the fund in its ten largest positions against 37.6%.
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 | CAPE | VOO |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $241M | $997.4B |
| Dividend Yield | 1.37% | 1.04% |
| Holdings | 307 | 509 |
| YTD Return | +0.91% | +11.98%Best |
| 1Y Return | -0.20% | +16.45%Best |
| 3Y Return (annualized) | +10.55% | +21.19%Best |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 16.6% | 15.1%Best |
| Max Drawdown | -22.1% | -20.3%Best |
| $10,000 over 4.4 years | $13,484 | $17,812Best |
| Top 10 Weight | 26.3%Best | 37.6% |
| Fund Family | DoubleLine Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Mar 31, 2022 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Apr 5, 2022 to Sep 14, 2026 (4.4 years).
CAPE 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 4.4 years both funds cover.
CAPE vs VOO Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is an ETF from DoubleLine Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year CAPE returned -0.20% while VOO returned +16.45%. Year to date, CAPE is up 0.91% versus a gain of 11.98% for VOO.
Over three years, CAPE compounded at +10.55% per year against +21.19% for VOO. Across the full 4-year window we track, VOO has the edge at +14.02% annualized vs +7.03%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAPE has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 15.1% 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 -22.1% for CAPE and -20.3% 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, CAPE currently yields 1.37% against 1.04% for VOO.
Holdings Overlap
92.0% of CAPE's money is in holdings VOO also owns. 25.2% of VOO's money is in holdings CAPE also owns.
Most of CAPE is already inside VOO. Owning both mostly buys the same companies twice.
142 positions in common, counted across the 181 positions we hold weights for in CAPE and 494 in VOO, against full books of 307 and 509.
What only one of them owns
Our book lists 347 positions for VOO that do not appear in our book for CAPE (73.9% of the fund), and 37 for CAPE that do not appear in VOO (7.5%).
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 CAPE | Weight in VOO | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 4.38% | 1.41% | 2.97% |
| GOOGLAlphabet Inc,class A | 2.33% | 3.24% | 0.91% |
| METAMeta Platforms Inc | 3.15% | 1.90% | 1.25% |
| GOOGAlphabet Inc | 1.85% | 2.62% | 0.77% |
| JNJJohnson & Johnson - Common | 2.81% | 0.96% | 1.85% |
| WMTWalmart, Inc. | 2.64% | 0.76% | 1.88% |
| WELLWelltower, Inc. | 2.66% | 0.26% | 2.40% |
| COSTCostco Wholesale Corp. | 2.22% | 0.66% | 1.56% |
| ABBVAbbvie Inc. | 2.03% | 0.69% | 1.34% |
| PLDPrologis Inc | 2.18% | 0.21% | 1.97% |
92.0% of CAPE 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, CAPE or VOO?
CAPE has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, CAPE or VOO?
Over the past year CAPE returned -0.20% vs +16.45% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), CAPE annualized +7.03% vs +14.02% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAPE or VOO?
CAPE has been the more volatile fund at 16.6% annualized versus 15.1% for VOO. Worst drawdown: CAPE -22.1% vs VOO -20.3%.
Should I hold both CAPE and VOO?
CAPE and VOO have a monthly-return correlation of 0.88, 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 CAPE and VOO?
92.0% of CAPE's money is in holdings VOO also owns. 25.2% of VOO's is in holdings CAPE also owns. They hold 142 positions in common, counted across the 181 positions we hold weights for in CAPE and 494 in VOO.
Which pays a higher dividend, CAPE or VOO?
CAPE yields 1.37% while VOO yields 1.04%, so CAPE currently pays the higher dividend yield.
Is VOO better than CAPE?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. CAPE is less concentrated, with 26.3% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.