DIVP vs VOO
Cullen Enhanced Equity Income ETF vs Vanguard S&P 500 ETF
Which is better, DIVP or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. DIVP is less concentrated, with 35.4% of the fund in its ten largest positions against 37.6%.
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 | DIVP | VOO |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $59M | $997.4B |
| Dividend Yield | 6.12% | 1.04% |
| Holdings | 45 | 509 |
| YTD Return | +9.48% | +14.14%Best |
| 1Y Return | +13.64% | +17.31%Best |
| 3Y Return (annualized) | - | +23.16% |
| 5Y Return (annualized) | - | +13.85% |
| Volatility (annualized) | 10.1%Best | 12.1% |
| Max Drawdown | -13.4%Best | -18.7% |
| $10,000 over 2.5 years | $12,364 | $15,432Best |
| Top 10 Weight | 35.4%Best | 37.6% |
| Fund Family | Cullen Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 6, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Mar 7, 2024 to Sep 21, 2026 (2.5 years).
DIVP 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 2.5 years both funds cover.
DIVP vs VOO Performance
Cullen Enhanced Equity Income ETF (DIVP) is an ETF from Cullen Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year DIVP returned +13.64% while VOO returned +17.31%. Year to date, DIVP is up 9.48% versus a gain of 14.14% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 10.1% for DIVP. 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 -13.4% for DIVP and -18.7% 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 0.39. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DIVP charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, DIVP currently yields 6.12% against 1.04% for VOO.
Holdings Overlap
83.6% of DIVP's money is in holdings VOO also owns. 7.7% of VOO's money is in holdings DIVP also owns.
Most of DIVP is already inside VOO. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 35 positions we hold weights for in DIVP and 494 in VOO, against full books of 45 and 509.
What only one of them owns
Our book lists 457 positions for VOO that do not appear in our book for DIVP (91.4% of the fund), and 3 for DIVP that do not appear in VOO (7.3%).
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 DIVP | Weight in VOO | Difference |
|---|---|---|---|
| UNHUnitedhealth Group Incorporated | 3.84% | 0.58% | 3.26% |
| XOMExxon Mobil Corp. | 3.16% | 1.00% | 2.16% |
| BMYBristol-Myers Squibb Co. | 3.85% | 0.21% | 3.64% |
| COPConocophillips Common Stock USD 0.01 | 3.77% | 0.23% | 3.54% |
| EOGEog Resources Inc | 3.79% | 0.12% | 3.67% |
| SYYSysco Corp | 3.64% | 0.06% | 3.58% |
| IBMInternational Business Machines Corp. | 3.28% | 0.33% | 2.95% |
| BDXBecton Dickinson And Co. | 3.49% | 0.07% | 3.42% |
| MRKMerck & Company Inc | 3.06% | 0.50% | 2.56% |
| MDTMedtronic Plc Ordinary Shares | 3.22% | 0.17% | 3.05% |
83.6% of DIVP 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, DIVP or VOO?
DIVP has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, DIVP or VOO?
Over the past year DIVP returned +13.64% vs +17.31% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVP or VOO?
VOO has been the more volatile fund at 12.1% annualized versus 10.1% for DIVP. Worst drawdown: DIVP -13.4% vs VOO -18.7%.
Should I hold both DIVP and VOO?
DIVP and VOO have a monthly-return correlation of 0.39, 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 DIVP and VOO?
83.6% of DIVP's money is in holdings VOO also owns. 7.7% of VOO's is in holdings DIVP also owns. They hold 30 positions in common, counted across the 35 positions we hold weights for in DIVP and 494 in VOO.
Which pays a higher dividend, DIVP or VOO?
DIVP yields 6.12% while VOO yields 1.04%, so DIVP currently pays the higher dividend yield.
Is VOO better than DIVP?
VOO has a lower expense ratio. VOO led over 1Y and the full window. DIVP is less concentrated, with 35.4% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.