GDIV vs VOO
Harbor Dividend Growth Leaders ETF vs Vanguard S&P 500 ETF
Which is better, GDIV or VOO?
VOO has been ahead.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. GDIV is less concentrated, with 33.4% 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 | GDIV | VOO |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $240M | $997.4B |
| Dividend Yield | 1.12% | 1.04% |
| Holdings | 52 | 509 |
| YTD Return | +10.38% | +12.37%Best |
| 1Y Return | +16.03% | +16.61%Best |
| 3Y Return (annualized) | +15.31% | +21.37%Best |
| 5Y Return (annualized) | - | +13.49% |
| Volatility (annualized) | 14.2%Best | 15.3% |
| Max Drawdown | -18.9% | -18.7%Best |
| $10,000 over 4.3 years | $16,062 | $20,360Best |
| Top 10 Weight | 33.4%Best | 37.6% |
| Fund Family | Harbor Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 29, 2010 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: May 23, 2022 to Sep 18, 2026 (4.3 years).
GDIV 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 4.3 years both funds cover.
GDIV vs VOO Performance
Harbor Dividend Growth Leaders ETF (GDIV) is an ETF from Harbor Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year GDIV returned +16.03% while VOO returned +16.61%. Year to date, GDIV is up 10.38% versus a gain of 12.37% for VOO.
Over three years, GDIV compounded at +15.31% per year against +21.37% for VOO. Across the full 4-year window we track, VOO has the edge at +17.98% annualized vs +11.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.2% for GDIV. 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 -18.9% for GDIV and -18.7% 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GDIV charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, GDIV currently yields 1.12% against 1.04% for VOO.
Holdings Overlap
73.4% of GDIV's money is in holdings VOO also owns. 25.4% of VOO's money is in holdings GDIV also owns.
Most of GDIV is already inside VOO. Owning both mostly buys the same companies twice.
39 positions in common, counted across the 53 positions we hold weights for in GDIV and 494 in VOO, against full books of 52 and 509.
What only one of them owns
Our book lists 448 positions for VOO that do not appear in our book for GDIV (73.8% of the fund), and 13 for GDIV that do not appear in VOO (21.2%).
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 GDIV | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.40% | 7.05% | 1.65% |
| MSFTMicrosoft Corp | 3.00% | 5.36% | 2.36% |
| LLYEli Lilly & Co. | 4.10% | 1.41% | 2.69% |
| AVGOBroadcom Inc | 2.50% | 2.86% | 0.36% |
| JNJJohnson & Johnson - Common | 3.10% | 0.96% | 2.14% |
| BACBank of America Corp.: Financials | 2.70% | 0.63% | 2.07% |
| WMBWilliams Cos. Inc. | 3.10% | 0.14% | 2.96% |
| KOCoca Cola Co. | 2.70% | 0.53% | 2.17% |
| GILDGilead Sciences | 2.40% | 0.25% | 2.15% |
| CRMSalesforce Inc Crm Us Equity | 2.40% | 0.23% | 2.17% |
73.4% of GDIV 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, GDIV or VOO?
GDIV has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, GDIV or VOO?
Over the past year GDIV returned +16.03% vs +16.61% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), GDIV annualized +11.65% vs +17.98% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GDIV or VOO?
VOO has been the more volatile fund at 15.3% annualized versus 14.2% for GDIV. Worst drawdown: GDIV -18.9% vs VOO -18.7%.
Should I hold both GDIV and VOO?
GDIV and VOO have a monthly-return correlation of 0.92, 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.
What is the holdings overlap between GDIV and VOO?
73.4% of GDIV's money is in holdings VOO also owns. 25.4% of VOO's is in holdings GDIV also owns. They hold 39 positions in common, counted across the 53 positions we hold weights for in GDIV and 494 in VOO.
Which pays a higher dividend, GDIV or VOO?
GDIV yields 1.12% while VOO yields 1.04%, so GDIV currently pays the higher dividend yield.
Is VOO better than GDIV?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. GDIV is less concentrated, with 33.4% 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.