DIVE vs VOO
Dana Concentrated Dividend ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | DIVE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $48M | $997.4B | |
| Dividend Yield | 1.05% | 1.08% | |
| Holdings | 36 | 509 | |
| YTD Return | +10.26% | +13.25% | |
| 1Y Return | +13.54% | +19.96% | |
| 3Y Return (annualized) | - | +21.27% | |
| 5Y Return (annualized) | - | +12.81% | |
| Volatility (annualized) | - | 14.1% | |
| Max Drawdown | -11.4% | -34.3% | |
| Fund Family | Dana Investment Advisors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 15, 2025 | Sep 7, 2010 |
DIVE vs VOO Performance
Dana Concentrated Dividend ETF (DIVE) is a ETF from Dana Investment Advisors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DIVE returned +13.54% while VOO returned +19.96%. Year to date, DIVE is up 10.26% versus a gain of 13.25% for VOO.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -11.4% for DIVE and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
DIVE 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, DIVE currently yields 1.05% against 1.08% for VOO.
Holdings Overlap
DIVE and VOO share 29 holdings out of 511 unique holdings combined, representing a 13.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DIVE or VOO?
DIVE has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, DIVE or VOO?
Over the past year DIVE returned +13.54% vs +19.96% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between DIVE and VOO?
DIVE and VOO share 29 common holdings with a 13.3% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, DIVE or VOO?
DIVE yields 1.05% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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