DMA vs VOO
Destra Multi-Alternative 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 505 holdings.
Side-by-Side Comparison
| Metric | DMA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 3.69% | 0.03% | |
| AUM | $80M | $979.0B | |
| Dividend Yield | 13.39% | 1.09% | |
| Holdings | 181 | 509 | |
| YTD Return | -6.08% | +13.79% | |
| 1Y Return | +2.18% | +23.01% | |
| 3Y Return (annualized) | +23.83% | +21.78% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 21.4% | 14.1% | |
| Max Drawdown | -38.9% | -34.3% | |
| Fund Family | Destra Capital Investment LLC | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 13, 2022 | Sep 7, 2010 |
DMA vs VOO Performance
Destra Multi-Alternative Fund (DMA) is a ETF from Destra Capital Investment LLC and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DMA returned +2.18% while VOO returned +23.01%. Year to date, DMA is down 6.08% versus a gain of 13.79% for VOO.
Over three years, DMA compounded at +23.83% per year against +21.78% for VOO. Across the full 5-year window we track, VOO has the edge at +13.57% annualized vs +5.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DMA has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -38.9% for DMA 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DMA charges 3.69% per year while VOO charges 0.03%. On a $10,000 position that is $369 vs $3 annually, a gap of $366 per year that compounds over a long holding period. On income, DMA currently yields 13.39% against 1.09% for VOO.
Holdings Overlap
DMA and VOO share 39 holdings out of 529 unique holdings combined, representing a 7.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DMA or VOO?
DMA has an expense ratio of 3.69% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $366 per year of difference.
Which performed better, DMA or VOO?
Over the past year DMA returned +2.18% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), DMA annualized +5.13% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, DMA or VOO?
DMA has been the more volatile fund at 21.4% annualized versus 14.1% for VOO. Worst drawdown: DMA -38.9% vs VOO -34.3%.
Should I hold both DMA and VOO?
DMA and VOO have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMA and VOO?
DMA and VOO share 39 common holdings with a 7.3% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, DMA or VOO?
DMA yields 13.39% while VOO yields 1.09%, so DMA currently pays the higher dividend yield.
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