DFVE vs VOO
DoubleLine Fortune 500 Equal Weight ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. DFVE delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | DFVE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $40M | $997.4B | |
| Dividend Yield | 1.36% | 1.08% | |
| Holdings | 469 | 509 | |
| YTD Return | +15.78% | +12.87% | |
| 1Y Return | +21.28% | +21.15% | |
| 3Y Return (annualized) | - | +20.93% | |
| 5Y Return (annualized) | - | +12.76% | |
| Volatility (annualized) | 12.7% | 14.1% | |
| Max Drawdown | -19.4% | -34.3% | |
| Fund Family | DoubleLine Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 31, 2024 | Sep 7, 2010 |
DFVE vs VOO Performance
DoubleLine Fortune 500 Equal Weight ETF (DFVE) is a ETF from DoubleLine Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DFVE returned +21.28% while VOO returned +21.15%. Year to date, DFVE is up 15.78% versus a gain of 12.87% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.7% for DFVE. 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 -19.4% for DFVE 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFVE charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, DFVE currently yields 1.36% against 1.08% for VOO.
Holdings Overlap
DFVE and VOO share 338 holdings out of 634 unique holdings combined, representing a 35.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DFVE or VOO?
DFVE has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, DFVE or VOO?
Over the past year DFVE returned +21.28% vs +21.15% for VOO, so DFVE leads on 1-year performance. Over the longest common window we track (3 years), DFVE annualized +17.63% vs +13.46% for VOO. Past performance does not guarantee future results.
Which is riskier, DFVE or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.7% for DFVE. Worst drawdown: DFVE -19.4% vs VOO -34.3%.
Should I hold both DFVE and VOO?
DFVE and VOO have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFVE and VOO?
DFVE and VOO share 338 common holdings with a 35.8% weight overlap. Combined, they hold 634 unique securities.
Which pays a higher dividend, DFVE or VOO?
DFVE yields 1.36% while VOO yields 1.08%, so DFVE currently pays the higher dividend yield.
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