DIEM vs VOO
Franklin Emerging Market Core Dividend Tilt Index ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. DIEM delivered stronger 1-year returns. DIEM offers more diversification with 604 holdings.
Side-by-Side Comparison
| Metric | DIEM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.03% | |
| AUM | $93M | $997.4B | |
| Dividend Yield | 2.96% | 1.08% | |
| Holdings | 604 | 509 | |
| YTD Return | +26.14% | +12.68% | |
| 1Y Return | +42.44% | +21.87% | |
| 3Y Return (annualized) | +27.50% | +22.06% | |
| 5Y Return (annualized) | +12.24% | +12.95% | |
| Volatility (annualized) | 15.7% | 14.1% | |
| Max Drawdown | -44.4% | -34.3% | |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 1, 2016 | Sep 7, 2010 |
DIEM vs VOO Performance
Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) is a ETF from Franklin Templeton Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DIEM returned +42.44% while VOO returned +21.87%. Year to date, DIEM is up 26.14% versus a gain of 12.68% for VOO.
Over three years, DIEM compounded at +27.50% per year against +22.06% for VOO; over five years the annualized figures are +12.24% and +12.95% respectively. Across the full 10-year window we track, VOO has the edge at +13.47% annualized vs +7.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIEM has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -44.4% for DIEM 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DIEM charges 0.19% per year while VOO charges 0.03%. On a $10,000 position that is $19 vs $3 annually, a gap of $16 per year that compounds over a long holding period. On income, DIEM currently yields 2.96% against 1.08% for VOO.
Holdings Overlap
DIEM and VOO share 0 holdings out of 1012 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, DIEM or VOO?
DIEM has an expense ratio of 0.19% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, DIEM or VOO?
Over the past year DIEM returned +42.44% vs +21.87% for VOO, so DIEM leads on 1-year performance. Over the longest common window we track (10 years), DIEM annualized +7.37% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, DIEM or VOO?
DIEM has been the more volatile fund at 15.7% annualized versus 14.1% for VOO. Worst drawdown: DIEM -44.4% vs VOO -34.3%.
Should I hold both DIEM and VOO?
DIEM and VOO have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DIEM and VOO?
DIEM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1012 unique securities.
Which pays a higher dividend, DIEM or VOO?
DIEM yields 2.96% while VOO yields 1.08%, so DIEM currently pays the higher dividend yield.
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