DON vs VOO
WisdomTree US MidCap 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 | DON | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.03% | |
| AUM | $4.1B | $997.4B | |
| Dividend Yield | 2.30% | 1.08% | |
| Holdings | 293 | 509 | |
| YTD Return | +12.20% | +13.25% | |
| 1Y Return | +12.00% | +19.96% | |
| 3Y Return (annualized) | +13.10% | +21.27% | |
| 5Y Return (annualized) | +8.81% | +12.81% | |
| Volatility (annualized) | 18.1% | 14.1% | |
| Max Drawdown | -64.4% | -34.3% | |
| Fund Family | WisdomTree Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2006 | Sep 7, 2010 |
DON vs VOO Performance
WisdomTree US MidCap Dividend Fund (DON) is a ETF from WisdomTree Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DON returned +12.00% while VOO returned +19.96%. Year to date, DON is up 12.20% versus a gain of 13.25% for VOO.
Over three years, DON compounded at +13.10% per year against +21.27% for VOO; over five years the annualized figures are +8.81% and +12.81% respectively. Across the full 16-year window we track, VOO has the edge at +13.49% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DON has been the more volatile fund, with annualized monthly volatility of 18.1% 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 -64.4% for DON 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DON charges 0.38% per year while VOO charges 0.03%. On a $10,000 position that is $38 vs $3 annually, a gap of $35 per year that compounds over a long holding period. On income, DON currently yields 2.30% against 1.08% for VOO.
Holdings Overlap
DON and VOO share 48 holdings out of 752 unique holdings combined, representing a 1.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DON or VOO?
DON has an expense ratio of 0.38% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, DON or VOO?
Over the past year DON returned +12.00% vs +19.96% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), DON annualized +7.03% vs +13.49% for VOO. Past performance does not guarantee future results.
Which is riskier, DON or VOO?
DON has been the more volatile fund at 18.1% annualized versus 14.1% for VOO. Worst drawdown: DON -64.4% vs VOO -34.3%.
Should I hold both DON and VOO?
DON and VOO have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DON and VOO?
DON and VOO share 48 common holdings with a 1.0% weight overlap. Combined, they hold 752 unique securities.
Which pays a higher dividend, DON or VOO?
DON yields 2.30% while VOO yields 1.08%, so DON currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.