FBDC vs VOO
FT Confluence BDC & Specialty Finance Income ETF 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 | FBDC | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 13.69% | 0.03% | |
| AUM | $36M | $997.4B | |
| Dividend Yield | 13.39% | 1.08% | |
| Holdings | 22 | 509 | |
| YTD Return | -1.70% | +14.27% | |
| 1Y Return | -6.21% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 16.9% | 14.2% | |
| Max Drawdown | -20.6% | -34.3% | |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 25, 2007 | Sep 7, 2010 |
FBDC vs VOO Performance
FT Confluence BDC & Specialty Finance Income ETF (FBDC) is a ETF from First Trust Portfolios (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FBDC returned -6.21% while VOO returned +21.79%. Year to date, FBDC is down 1.70% versus a gain of 14.27% for VOO.
Risk: Volatility and Drawdowns
FBDC has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 14.2% 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 -20.6% for FBDC 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FBDC charges 13.69% per year while VOO charges 0.03%. On a $10,000 position that is $1369 vs $3 annually, a gap of $1366 per year that compounds over a long holding period. On income, FBDC currently yields 13.39% against 1.08% for VOO.
Holdings Overlap
FBDC and VOO share 0 holdings out of 525 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FBDC or VOO?
FBDC has an expense ratio of 13.69% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $1366 per year of difference.
Which performed better, FBDC or VOO?
Over the past year FBDC returned -6.21% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), FBDC annualized -3.22% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, FBDC or VOO?
FBDC has been the more volatile fund at 16.9% annualized versus 14.2% for VOO. Worst drawdown: FBDC -20.6% vs VOO -34.3%.
Should I hold both FBDC and VOO?
FBDC and VOO have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBDC and VOO?
FBDC and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, FBDC or VOO?
FBDC yields 13.39% while VOO yields 1.08%, so FBDC currently pays the higher dividend yield.
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