DLN vs VOO
WisdomTree US LargeCap Dividend Fund 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 | DLN | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.03% | |
| AUM | $6.4B | $997.4B | |
| Dividend Yield | 1.75% | 1.08% | |
| Holdings | 307 | 509 | |
| YTD Return | +14.83% | +13.49% | |
| 1Y Return | +19.95% | +20.64% | |
| 3Y Return (annualized) | +18.91% | +21.93% | |
| 5Y Return (annualized) | +12.40% | +12.95% | |
| Volatility (annualized) | 14.2% | 14.1% | |
| Max Drawdown | -57.8% | -34.3% | |
| Fund Family | WisdomTree Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2006 | Sep 7, 2010 |
DLN vs VOO Performance
WisdomTree US LargeCap Dividend Fund (DLN) is a ETF from WisdomTree Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DLN returned +19.95% while VOO returned +20.64%. Year to date, DLN is up 14.83% versus a gain of 13.49% for VOO.
Over three years, DLN compounded at +18.91% per year against +21.93% for VOO; over five years the annualized figures are +12.40% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.51% annualized vs +9.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DLN has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -57.8% for DLN 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DLN charges 0.28% per year while VOO charges 0.03%. On a $10,000 position that is $28 vs $3 annually, a gap of $25 per year that compounds over a long holding period. On income, DLN currently yields 1.75% against 1.08% for VOO.
Holdings Overlap
DLN and VOO share 285 holdings out of 530 unique holdings combined, representing a 56.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, DLN or VOO?
DLN has an expense ratio of 0.28% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, DLN or VOO?
Over the past year DLN returned +19.95% vs +20.64% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), DLN annualized +9.91% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, DLN or VOO?
DLN has been the more volatile fund at 14.2% annualized versus 14.1% for VOO. Worst drawdown: DLN -57.8% vs VOO -34.3%.
Should I hold both DLN and VOO?
DLN and VOO have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DLN and VOO?
DLN and VOO share 285 common holdings with a 56.7% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, DLN or VOO?
DLN yields 1.75% while VOO yields 1.08%, so DLN currently pays the higher dividend yield.
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