HEDJ vs VOO
WisdomTree Europe Hedged Equity Fund vs Vanguard S&P 500 ETF
Which is better, HEDJ 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.
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 | HEDJ | VOO |
|---|---|---|
| Expense Ratio | 0.58% | 0.03%Best |
| AUM | $1.8B | $1.0T |
| Dividend Yield | 1.77% | 1.04% |
| Holdings | 132 | 506 |
| YTD Return | +4.43% | +12.75%Best |
| 1Y Return | +10.30% | +15.60%Best |
| 3Y Return (annualized) | +14.68% | +22.95%Best |
| 5Y Return (annualized) | +10.60% | +13.55%Best |
| Volatility (annualized) | 15.4% | 14.1%Best |
| Max Drawdown | -38.2% | -34.3%Best |
| $10,000 over 5 years | $16,549 | $18,877Best |
| Fund Family | WisdomTree Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 31, 2009 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 1, 2026 (16.1 years).
HEDJ 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.
HEDJ vs VOO Performance
WisdomTree Europe Hedged Equity Fund (HEDJ) is an ETF from WisdomTree Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year HEDJ returned +10.30% while VOO returned +15.60%. Year to date, HEDJ is up 4.43% versus a gain of 12.75% for VOO.
Over three years, HEDJ compounded at +14.68% per year against +22.95% for VOO; over five years the annualized figures are +10.60% and +13.55% respectively. Across the full 16-year window we track, VOO has the edge at +13.38% annualized vs +6.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HEDJ has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -38.2% for HEDJ 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HEDJ charges 0.58% per year while VOO charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, HEDJ currently yields 1.77% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 122 holdings in HEDJ and 494 in VOO, totalling 90.7% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 46 days apart, HEDJ as of Sep 15, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 122 positions we hold weights for in HEDJ and 494 in VOO, against full books of 132 and 506.
You are not choosing between two funds in isolation.
Whichever of HEDJ 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, HEDJ or VOO?
HEDJ has an expense ratio of 0.58% while VOO charges 0.03%. VOO is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, HEDJ or VOO?
Over the past year HEDJ returned +10.30% vs +15.60% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), HEDJ annualized +6.66% vs +13.38% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEDJ or VOO?
HEDJ has been the more volatile fund at 15.4% annualized versus 14.1% for VOO. Worst drawdown: HEDJ -38.2% vs VOO -34.3%.
Should I hold both HEDJ and VOO?
HEDJ and VOO have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HEDJ or VOO?
HEDJ yields 1.77% while VOO yields 1.04%, so HEDJ currently pays the higher dividend yield.
Is VOO better than HEDJ?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.