DBL vs VOO
DoubleLine Opportunistic Credit Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. DBL offers more diversification with 571 holdings.
Side-by-Side Comparison
| Metric | DBL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.46% | 0.03% | |
| AUM | $290M | $997.4B | |
| Dividend Yield | 9.07% | 1.08% | |
| Holdings | 571 | 509 | |
| YTD Return | -1.66% | +14.27% | |
| 1Y Return | +0.19% | +21.79% | |
| 3Y Return (annualized) | +7.94% | +22.19% | |
| 5Y Return (annualized) | +1.57% | +13.28% | |
| Volatility (annualized) | 10.1% | 14.2% | |
| Max Drawdown | -45.3% | -34.3% | |
| Fund Family | DoubleLine Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 26, 2012 | Sep 7, 2010 |
DBL vs VOO Performance
DoubleLine Opportunistic Credit Fund (DBL) is a ETF from DoubleLine Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DBL returned +0.19% while VOO returned +21.79%. Year to date, DBL is down 1.66% versus a gain of 14.27% for VOO.
Over three years, DBL compounded at +7.94% per year against +22.19% for VOO; over five years the annualized figures are +1.57% and +13.28% respectively. Across the full 15-year window we track, VOO has the edge at +13.59% annualized vs -0.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 10.1% for DBL. 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 -45.3% for DBL 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBL charges 2.46% per year while VOO charges 0.03%. On a $10,000 position that is $246 vs $3 annually, a gap of $243 per year that compounds over a long holding period. On income, DBL currently yields 9.07% against 1.08% for VOO.
Frequently Asked Questions
Which is cheaper, DBL or VOO?
DBL has an expense ratio of 2.46% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $243 per year of difference.
Which performed better, DBL or VOO?
Over the past year DBL returned +0.19% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (15 years), DBL annualized -0.98% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, DBL or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 10.1% for DBL. Worst drawdown: DBL -45.3% vs VOO -34.3%.
Should I hold both DBL and VOO?
DBL and VOO have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, DBL or VOO?
DBL yields 9.07% while VOO yields 1.08%, so DBL currently pays the higher dividend yield.
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