CAPE vs VOO
CAPE vs VOO
DoubleLine Shiller CAPE US Equities ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CAPE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $240M | $979.0B | |
| Dividend Yield | 1.25% | 1.09% | |
| Holdings | 196 | 509 | |
| YTD Return | +2.70% | +9.95% | |
| 1Y Return | +5.64% | +19.58% | |
| 3Y Return (annualized) | +10.42% | +19.43% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 16.8% | 14.2% | |
| Max Drawdown | -22.1% | -34.3% | |
| Fund Family | DoubleLine Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 31, 2022 | Sep 7, 2010 |
CAPE vs VOO Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is a ETF from DoubleLine Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CAPE returned +5.64% while VOO returned +19.58%. Year to date, CAPE is up 2.70% versus a gain of 9.95% for VOO.
Over three years, CAPE compounded at +10.42% per year against +19.43% for VOO. Across the full 4-year window we track, VOO has the edge at +13.35% annualized vs +7.67%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAPE has been the more volatile fund, with annualized monthly volatility of 16.8% 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 -22.1% for CAPE 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, CAPE currently yields 1.25% against 1.09% for VOO.
Holdings Overlap
CAPE and VOO share 158 holdings out of 541 unique holdings combined, representing a 28.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CAPE | Weight in VOO | Difference |
|---|---|---|---|
| AMZN | 5.67% | 3.62% | 2.05% |
| TSLA | 4.70% | 1.84% | 2.86% |
| META | 4.55% | 1.92% | 2.63% |
| GOOGL | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| WELL | Pro | Pro | Pro |
| PLD | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
See all 10 holdings CAPE shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, CAPE or VOO?
CAPE has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, CAPE or VOO?
Over the past year CAPE returned +5.64% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), CAPE annualized +7.67% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, CAPE or VOO?
CAPE has been the more volatile fund at 16.8% annualized versus 14.2% for VOO. Worst drawdown: CAPE -22.1% vs VOO -34.3%.
Should I hold both CAPE and VOO?
CAPE and VOO have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CAPE and VOO?
CAPE and VOO share 158 common holdings with a 28.6% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, CAPE or VOO?
CAPE yields 1.25% while VOO yields 1.09%, so CAPE currently pays the higher dividend yield.
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