DIVO vs VOO
Amplify CWP Enhanced Dividend Income ETF vs Vanguard S&P 500 ETF
Which is better, DIVO or VOO?
VOO has been ahead.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 50.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIVO | VOO |
|---|---|---|
| Expense Ratio | 0.56% | 0.03%Best |
| AUM | $7.9B | $997.4B |
| Dividend Yield | 6.60% | 1.04% |
| Holdings | 76 | 509 |
| YTD Return | +9.76% | +11.48%Best |
| 1Y Return | +15.67% | +15.94%Best |
| 3Y Return (annualized) | +15.82% | +21.01%Best |
| 5Y Return (annualized) | +11.14% | +12.66%Best |
| Volatility (annualized) | 12.6%Best | 15.6% |
| Max Drawdown | -31.7%Best | -34.3% |
| $10,000 over 5 years | $16,957 | $18,149Best |
| Top 10 Weight | 50.7% | 37.6%Best |
| Fund Family | Amplify ETFs | Vanguard (US) |
| Category | Alternative | Equity |
| Style | - | Large Cap Blend |
| Inception | Dec 13, 2016 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Dec 14, 2016 to Sep 15, 2026 (9.8 years).
DIVO vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.8 years both funds cover.
DIVO vs VOO Performance
Amplify CWP Enhanced Dividend Income ETF (DIVO) is an ETF from Amplify ETFs and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year DIVO returned +15.67% while VOO returned +15.94%. Year to date, DIVO is up 9.76% versus a gain of 11.48% for VOO.
Over three years, DIVO compounded at +15.82% per year against +21.01% for VOO; over five years the annualized figures are +11.14% and +12.66% respectively. Across the full 10-year window we track, VOO has the edge at +14.12% annualized vs +9.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 12.6% for DIVO. 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 -31.7% for DIVO and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVO charges 0.56% per year while VOO charges 0.03%. On a $10,000 position that is $56 vs $3 annually, a gap of $53 per year that compounds over a long holding period. On income, DIVO currently yields 6.60% against 1.04% for VOO.
Holdings Overlap
88.3% of DIVO's money is in holdings VOO also owns. 32.5% of VOO's money is in holdings DIVO also owns.
Most of DIVO is already inside VOO. Owning both mostly buys the same companies twice.
27 positions in common, counted across the 31 positions we hold weights for in DIVO and 494 in VOO, against full books of 76 and 509.
What only one of them owns
Our book lists 460 positions for VOO that do not appear in our book for DIVO (66.6% of the fund), and 3 for DIVO that do not appear in VOO (10.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DIVO | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.29% | 7.05% | 1.76% |
| MSFTMicrosoft Corp | 6.34% | 5.36% | 0.98% |
| NVDANvidia Corp | 3.87% | 7.55% | 3.68% |
| JPMJpmorgan Chase | 4.90% | 1.46% | 3.44% |
| GOOGLAlphabet Inc,class A | 3.00% | 3.24% | 0.24% |
| VVisa Inc Class A | 5.21% | 0.93% | 4.28% |
| CATCaterpillar, Inc. | 4.95% | 0.58% | 4.37% |
| AMGNAmgen Inc. | 5.19% | 0.32% | 4.87% |
| GSGoldman Sachs Group Inc/The | 4.86% | 0.45% | 4.41% |
| CVXChevron Corp | 4.66% | 0.57% | 4.09% |
88.3% of DIVO is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVO or VOO?
DIVO has an expense ratio of 0.56% while VOO charges 0.03%. VOO is the cheaper option, by $53 a year on a $10,000 investment.
Which performed better, DIVO or VOO?
Over the past year DIVO returned +15.67% vs +15.94% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (10 years), DIVO annualized +9.96% vs +14.12% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVO or VOO?
VOO has been the more volatile fund at 15.6% annualized versus 12.6% for DIVO. Worst drawdown: DIVO -31.7% vs VOO -34.3%.
Should I hold both DIVO and VOO?
DIVO and VOO have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DIVO and VOO?
88.3% of DIVO's money is in holdings VOO also owns. 32.5% of VOO's is in holdings DIVO also owns. They hold 27 positions in common, counted across the 31 positions we hold weights for in DIVO and 494 in VOO.
Which pays a higher dividend, DIVO or VOO?
DIVO yields 6.60% while VOO yields 1.04%, so DIVO currently pays the higher dividend yield.
Is VOO better than DIVO?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 50.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.