DFP vs VOO
Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. vs Vanguard S&P 500 ETF
Quick Verdict
VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | DFP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.03% | |
| AUM | $459M | $997.4B | |
| Dividend Yield | 6.92% | 1.08% | |
| Holdings | 245 | 509 | |
| YTD Return | +4.20% | +13.73% | |
| 1Y Return | +7.87% | +21.53% | |
| 3Y Return (annualized) | +13.69% | +22.60% | |
| 5Y Return (annualized) | +0.13% | +13.31% | |
| Volatility (annualized) | 20.8% | 14.1% | |
| Max Drawdown | -66.8% | -34.3% | |
| Fund Family | Flaherty & Crumrine | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | May 24, 2013 | Sep 7, 2010 |
DFP vs VOO Performance
Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) is a ETF from Flaherty & Crumrine and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DFP returned +7.87% while VOO returned +21.53%. Year to date, DFP is up 4.20% versus a gain of 13.73% for VOO.
Over three years, DFP compounded at +13.69% per year against +22.60% for VOO; over five years the annualized figures are +0.13% and +13.31% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs +1.30%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFP has been the more volatile fund, with annualized monthly volatility of 20.8% 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 -66.8% for DFP 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
DFP and VOO share 10 holdings out of 680 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, DFP or VOO?
Over the past year DFP returned +7.87% vs +21.53% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), DFP annualized +1.30% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, DFP or VOO?
DFP has been the more volatile fund at 20.8% annualized versus 14.1% for VOO. Worst drawdown: DFP -66.8% vs VOO -34.3%.
Should I hold both DFP and VOO?
DFP and VOO have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFP and VOO?
DFP and VOO share 10 common holdings with a 0.8% weight overlap. Combined, they hold 680 unique securities.
Which pays a higher dividend, DFP or VOO?
DFP yields 6.92% while VOO yields 1.08%, so DFP currently pays the higher dividend yield.
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