DON vs VOO
WisdomTree US MidCap Dividend Fund vs Vanguard S&P 500 ETF
Which is better, DON or VOO?
Mid Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. DON is less concentrated, with 11.8% 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 | DON | VOO |
|---|---|---|
| Expense Ratio | 0.38% | 0.03%Best |
| AUM | $4.0B | $997.4B |
| Dividend Yield | 2.32% | 1.04% |
| Holdings | 297 | 509 |
| YTD Return | +8.30% | +12.37%Best |
| 1Y Return | +7.93% | +16.61%Best |
| 3Y Return (annualized) | +12.47% | +21.37%Best |
| 5Y Return (annualized) | +8.98% | +13.49%Best |
| Volatility (annualized) | 16.1% | 14.1%Best |
| Max Drawdown | -46.9% | -34.3%Best |
| $10,000 over 5 years | $15,372 | $18,827Best |
| Top 10 Weight | 11.8%Best | 37.6% |
| Fund Family | WisdomTree Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Jun 16, 2006 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 18, 2026 (16 years).
DON 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 16 years both funds cover.
DON vs VOO Performance
WisdomTree US MidCap Dividend Fund (DON) is an ETF from WisdomTree Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year DON returned +7.93% while VOO returned +16.61%. Year to date, DON is up 8.30% versus a gain of 12.37% for VOO.
Over three years, DON compounded at +12.47% per year against +21.37% for VOO; over five years the annualized figures are +8.98% and +13.49% respectively. Across the full 16-year window we track, VOO has the edge at +13.39% annualized vs +9.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DON has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -46.9% for DON 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 0.86. 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 2.32% against 1.04% for VOO.
Holdings Overlap
26.3% of DON's money is in holdings VOO also owns. 1.0% of VOO's money is in holdings DON also owns.
DON and VOO share little of their money.
46 positions in common, counted across the 291 positions we hold weights for in DON and 494 in VOO, against full books of 297 and 509.
What only one of them owns
Our book lists 441 positions for VOO that do not appear in our book for DON (98.2% of the fund), and 239 for DON that do not appear in VOO (70.9%).
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 DON | Weight in VOO | Difference |
|---|---|---|---|
| BBYBest Buy Co. Inc. | 1.41% | 0.03% | 1.38% |
| BENFranklin Resources Inc. | 1.37% | 0.02% | 1.35% |
| VTRSViatris Inc. | 1.36% | 0.03% | 1.33% |
| APAApa Corp | 1.29% | 0.02% | 1.27% |
| SWKStanley Black Decker Inc. | 1.07% | 0.02% | 1.05% |
| HASHasbro Inc. | 1.04% | 0.02% | 1.02% |
| OMCOmnicom Group Inc. | 0.96% | 0.03% | 0.93% |
| SJMJ M Smucker Co/The | 0.96% | 0.02% | 0.94% |
| CFCf Industries Holdings Inc. | 0.92% | 0.03% | 0.89% |
| SNASnap-On Inc. | 0.88% | 0.03% | 0.85% |
26.3% of DON 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, DON or VOO?
DON has an expense ratio of 0.38% while VOO charges 0.03%. VOO is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, DON or VOO?
Over the past year DON returned +7.93% vs +16.61% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), DON annualized +9.37% vs +13.39% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DON or VOO?
DON has been the more volatile fund at 16.1% annualized versus 14.1% for VOO. Worst drawdown: DON -46.9% vs VOO -34.3%.
Should I hold both DON and VOO?
DON and VOO have a monthly-return correlation of 0.86, 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 DON and VOO?
26.3% of DON's money is in holdings VOO also owns. 1.0% of VOO's is in holdings DON also owns. They hold 46 positions in common, counted across the 291 positions we hold weights for in DON and 494 in VOO.
Which pays a higher dividend, DON or VOO?
DON yields 2.32% while VOO yields 1.04%, so DON currently pays the higher dividend yield.
Is VOO better than DON?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. DON is less concentrated, with 11.8% 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.