DVY vs VOO
iShares Select Dividend ETF vs Vanguard S&P 500 ETF
Which is better, DVY or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. DVY is less concentrated, with 19.7% 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 | DVY | VOO |
|---|---|---|
| Expense Ratio | 0.38% | 0.03%Best |
| AUM | $22.3B | $1.0T |
| Dividend Yield | 3.24% | 1.04% |
| Holdings | 104 | 506 |
| YTD Return | +10.82% | +14.88%Best |
| 1Y Return | +13.63% | +17.30%Best |
| 3Y Return (annualized) | +17.03% | +23.04%Best |
| 5Y Return (annualized) | +9.57% | +13.97%Best |
| Volatility (annualized) | 13.9%Best | 14.1% |
| Max Drawdown | -41.6% | -34.3%Best |
| $10,000 over 5 years | $15,793 | $19,229Best |
| Top 10 Weight | 19.7%Best | 37.6% |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Nov 3, 2003 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 9, 2026 (16.1 years).
DVY 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 16.1 years both funds cover.
DVY vs VOO Performance
iShares Select Dividend ETF (DVY) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year DVY returned +13.63% while VOO returned +17.30%. Year to date, DVY is up 10.82% versus a gain of 14.88% for VOO.
Over three years, DVY compounded at +17.03% per year against +23.04% for VOO; over five years the annualized figures are +9.57% and +13.97% respectively. Across the full 16-year window we track, VOO has the edge at +13.49% annualized vs +9.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.9% for DVY. 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 -41.6% for DVY 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DVY 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, DVY currently yields 3.24% against 1.04% for VOO.
Holdings Overlap
81.0% of DVY's money is in holdings VOO also owns. 8.6% of VOO's money is in holdings DVY also owns.
Most of DVY is already inside VOO. Owning both mostly buys the same companies twice.
67 positions in common, counted across the 99 positions we hold weights for in DVY and 494 in VOO, against full books of 104 and 506.
What only one of them owns
Our book lists 421 positions for VOO that do not appear in our book for DVY (90.6% of the fund), and 32 for DVY that do not appear in VOO (18.7%).
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 DVY | Weight in VOO | Difference |
|---|---|---|---|
| HPQHP Inc | 2.66% | 0.04% | 2.62% |
| PFEPfizer Inc | 2.24% | 0.22% | 2.02% |
| MOAltria Group Inc. | 2.11% | 0.18% | 1.93% |
| PRUPrudential Financial Inc | 2.17% | 0.07% | 2.10% |
| VZVerizon Communications Inc Vz | 1.89% | 0.30% | 1.59% |
| TROWT Rowe Price Grp | 2.03% | 0.04% | 1.99% |
| CVXChevron Corp | 1.48% | 0.57% | 0.91% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.04% | 1.00% | 0.04% |
| OKEOneok | 1.86% | 0.09% | 1.77% |
| TGTTARGET CORP | 1.69% | 0.10% | 1.59% |
81.0% of DVY 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, DVY or VOO?
DVY 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, DVY or VOO?
Over the past year DVY returned +13.63% vs +17.30% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), DVY annualized +9.21% vs +13.49% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVY or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.9% for DVY. Worst drawdown: DVY -41.6% vs VOO -34.3%.
Should I hold both DVY and VOO?
DVY and VOO have a monthly-return correlation of 0.79, 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 DVY and VOO?
81.0% of DVY's money is in holdings VOO also owns. 8.6% of VOO's is in holdings DVY also owns. They hold 67 positions in common, counted across the 99 positions we hold weights for in DVY and 494 in VOO.
Which pays a higher dividend, DVY or VOO?
DVY yields 3.24% while VOO yields 1.04%, so DVY currently pays the higher dividend yield.
Is VOO better than DVY?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. DVY is less concentrated, with 19.7% 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.