FCEF vs VOO
First Trust Income Opportunities ETF vs Vanguard S&P 500 ETF
Which is better, FCEF or VOO?
Debt-oriented balanced against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | FCEF | VOO |
|---|---|---|
| Expense Ratio | 3.69% | 0.03%Best |
| AUM | $83M | $997.4B |
| Dividend Yield | 6.88% | 1.08% |
| Holdings | 122 | 509 |
| YTD Return | +9.24% | +12.74%Best |
| 1Y Return | +12.69% | +19.43%Best |
| 3Y Return (annualized) | +15.75% | +21.18%Best |
| 5Y Return (annualized) | +5.68% | +12.76%Best |
| Volatility (annualized) | 14.6%Best | 15.4% |
| Max Drawdown | -45.1% | -34.3%Best |
| $10,000 over 5 years | $13,181 | $18,230Best |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Debt-oriented balanced | Large Cap Blend |
| Inception | Sep 27, 2016 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2016 to Sep 8, 2026 (9.9 years).
FCEF 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 9.9 years both funds cover.
FCEF vs VOO Performance
First Trust Income Opportunities ETF (FCEF) is an ETF from First Trust Portfolios (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year FCEF returned +12.69% while VOO returned +19.43%. Year to date, FCEF is up 9.24% versus a gain of 12.74% for VOO.
Over three years, FCEF compounded at +15.75% per year against +21.18% for VOO; over five years the annualized figures are +5.68% and +12.76% respectively. Across the full 10-year window we track, VOO has the edge at +14.56% annualized vs +5.73%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.6% for FCEF. 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 -45.1% for FCEF 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FCEF 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, FCEF currently yields 6.88% against 1.08% for VOO.
Holdings Overlap
We hold position weights for 60 holdings in FCEF and 504 in VOO, totalling 94.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 60 positions we hold weights for in FCEF and 504 in VOO, against full books of 122 and 509.
You are not choosing between two funds in isolation.
Whichever of FCEF and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FCEF or VOO?
FCEF has an expense ratio of 3.69% while VOO charges 0.03%. VOO is the cheaper option, by $366 a year on a $10,000 investment.
Which performed better, FCEF or VOO?
Over the past year FCEF returned +12.69% vs +19.43% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (10 years), FCEF annualized +5.73% vs +14.56% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FCEF or VOO?
VOO has been the more volatile fund at 15.4% annualized versus 14.6% for FCEF. Worst drawdown: FCEF -45.1% vs VOO -34.3%.
Should I hold both FCEF and VOO?
FCEF and VOO have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FCEF or VOO?
FCEF yields 6.88% while VOO yields 1.08%, so FCEF currently pays the higher dividend yield.
Is VOO better than FCEF?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.