RFEU vs VOO
First Trust RiverFront Dynamic Europe ETF vs Vanguard S&P 500 ETF
Which is better, RFEU or VOO?
Each has led over a different period.
VOO has a lower expense ratio. RFEU led over 1Y, VOO over the full window. RFEU is less concentrated, with 27.5% of the fund in its ten largest positions against 36.4%.
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 | RFEU | VOO |
|---|---|---|
| Expense Ratio | 0.83% | 0.03%Best |
| AUM | $8M | $997.4B |
| Dividend Yield | 4.64% | 1.08% |
| Holdings | 91 | 509 |
| Volatility (annualized) | 16.1% | 15.1%Best |
| Max Drawdown | -42.9% | -34.3%Best |
| $10,000 over 9.8 years | $20,500 | $35,804Best |
| Top 10 Weight | 27.5%Best | 36.4% |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 14, 2016 | Sep 7, 2010 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 228 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. RFEU has data through Jan 23, 2026 and VOO through Sep 8, 2026.
Volatility and max drawdown, and the $10,000 over 9.8 years row, are measured over the window both funds cover: Apr 14, 2016 to Jan 23, 2026 (9.8 years).
Risk: Volatility and Drawdowns
RFEU has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.1% 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 -42.9% for RFEU 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RFEU charges 0.83% per year while VOO charges 0.03%. On a $10,000 position that is $83 vs $3 annually, a gap of $80 per year that compounds over a long holding period. On income, RFEU currently yields 4.64% against 1.08% for VOO.
Holdings Overlap
We hold position weights for 86 holdings in RFEU and 504 in VOO, totalling 96.6% and 99.9% 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 242 days apart, RFEU as of Oct 31, 2025 and VOO as of Jun 30, 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 86 positions we hold weights for in RFEU and 504 in VOO, against full books of 91 and 509.
What only one of them owns
Our book lists 494 positions for VOO that do not appear in our book for RFEU (99.3% of the fund), and 3 for RFEU that do not appear in VOO (5.3%).
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.
You are not choosing between two funds in isolation.
Whichever of RFEU 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, RFEU or VOO?
RFEU has an expense ratio of 0.83% while VOO charges 0.03%. VOO is the cheaper option, by $80 a year on a $10,000 investment.
Which is riskier, RFEU or VOO?
RFEU has been the more volatile fund at 16.1% annualized versus 15.1% for VOO. Worst drawdown: RFEU -42.9% vs VOO -34.3%.
Should I hold both RFEU and VOO?
RFEU and VOO have a monthly-return correlation of 0.82, 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, RFEU or VOO?
RFEU yields 4.64% while VOO yields 1.08%, so RFEU currently pays the higher dividend yield.
Is VOO better than RFEU?
VOO has a lower expense ratio. RFEU led over 1Y, VOO over the full window. RFEU is less concentrated, with 27.5% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.