PDO vs VOO
PIMCO Dynamic Income Opportunities Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. PDO offers more diversification with 635 holdings.
Side-by-Side Comparison
| Metric | PDO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 5.22% | 0.03% | |
| AUM | $1.9B | $997.4B | |
| Dividend Yield | 12.02% | 1.08% | |
| Holdings | 635 | 509 | |
| YTD Return | -0.75% | +14.27% | |
| 1Y Return | +5.13% | +21.79% | |
| 3Y Return (annualized) | +11.74% | +22.19% | |
| 5Y Return (annualized) | +2.08% | +13.28% | |
| Volatility (annualized) | 17.3% | 14.2% | |
| Max Drawdown | -36.8% | -34.3% | |
| Fund Family | PIMCO (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 29, 2021 | Sep 7, 2010 |
PDO vs VOO Performance
PIMCO Dynamic Income Opportunities Fund (PDO) is a ETF from PIMCO (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PDO returned +5.13% while VOO returned +21.79%. Year to date, PDO is down 0.75% versus a gain of 14.27% for VOO.
Over three years, PDO compounded at +11.74% per year against +22.19% for VOO; over five years the annualized figures are +2.08% and +13.28% respectively. Across the full 6-year window we track, VOO has the edge at +13.59% annualized vs +3.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDO has been the more volatile fund, with annualized monthly volatility of 17.3% 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 -36.8% for PDO 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PDO charges 5.22% per year while VOO charges 0.03%. On a $10,000 position that is $522 vs $3 annually, a gap of $519 per year that compounds over a long holding period. On income, PDO currently yields 12.02% against 1.08% for VOO.
Holdings Overlap
PDO and VOO share 0 holdings out of 522 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, PDO or VOO?
PDO has an expense ratio of 5.22% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $519 per year of difference.
Which performed better, PDO or VOO?
Over the past year PDO returned +5.13% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), PDO annualized +3.80% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, PDO or VOO?
PDO has been the more volatile fund at 17.3% annualized versus 14.2% for VOO. Worst drawdown: PDO -36.8% vs VOO -34.3%.
Should I hold both PDO and VOO?
PDO and VOO have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PDO and VOO?
PDO and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, PDO or VOO?
PDO yields 12.02% while VOO yields 1.08%, so PDO currently pays the higher dividend yield.
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