DIVN vs VOO
Horizon Dividend Income 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 505 holdings.
Side-by-Side Comparison
| Metric | DIVN | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.03% | |
| AUM | $201M | $979.0B | |
| Dividend Yield | 3.47% | 1.09% | |
| Holdings | 129 | 509 | |
| YTD Return | +13.27% | +13.79% | |
| 1Y Return | +19.18% | +23.01% | |
| 3Y Return (annualized) | - | +21.78% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 9.2% | 14.1% | |
| Max Drawdown | -5.5% | -34.3% | |
| Fund Family | Horizon Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2025 | Sep 7, 2010 |
DIVN vs VOO Performance
Horizon Dividend Income ETF (DIVN) is a ETF from Horizon Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DIVN returned +19.18% while VOO returned +23.01%. Year to date, DIVN is up 13.27% versus a gain of 13.79% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 9.2% for DIVN. 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 -5.5% for DIVN 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 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DIVN charges 0.70% per year while VOO charges 0.03%. On a $10,000 position that is $70 vs $3 annually, a gap of $67 per year that compounds over a long holding period. On income, DIVN currently yields 3.47% against 1.09% for VOO.
Holdings Overlap
DIVN and VOO share 119 holdings out of 510 unique holdings combined, representing a 16.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DIVN or VOO?
DIVN has an expense ratio of 0.70% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, DIVN or VOO?
Over the past year DIVN returned +19.18% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), DIVN annualized +18.83% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, DIVN or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 9.2% for DIVN. Worst drawdown: DIVN -5.5% vs VOO -34.3%.
Should I hold both DIVN and VOO?
DIVN and VOO have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DIVN and VOO?
DIVN and VOO share 119 common holdings with a 16.6% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, DIVN or VOO?
DIVN yields 3.47% while VOO yields 1.09%, so DIVN currently pays the higher dividend yield.
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