DBND vs VOO
DBND vs VOO
DoubleLine Opportunistic Core Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. DBND offers more diversification with 586 holdings.
Side-by-Side Comparison
| Metric | DBND | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $741M | $979.0B | |
| Dividend Yield | 4.77% | 1.09% | |
| Holdings | 1,097 | 509 | |
| YTD Return | -0.83% | +9.95% | |
| 1Y Return | +2.55% | +19.58% | |
| 3Y Return (annualized) | +4.43% | +19.43% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 6.0% | 14.2% | |
| Max Drawdown | -9.4% | -34.3% | |
| Fund Family | DoubleLine Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 31, 2022 | Sep 7, 2010 |
DBND vs VOO Performance
DoubleLine Opportunistic Core Bond ETF (DBND) is a ETF from DoubleLine Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DBND returned +2.55% while VOO returned +19.58%. Year to date, DBND is down 0.83% versus a gain of 9.95% for VOO.
Over three years, DBND compounded at +4.43% per year against +19.43% for VOO. Across the full 4-year window we track, VOO has the edge at +13.35% annualized vs +2.17%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 6.0% for DBND. 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 -9.4% for DBND 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
DBND charges 0.45% per year while VOO charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, DBND currently yields 4.77% against 1.09% for VOO.
Holdings Overlap
DBND and VOO share 0 holdings out of 1091 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, DBND or VOO?
DBND has an expense ratio of 0.45% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, DBND or VOO?
Over the past year DBND returned +2.55% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), DBND annualized +2.17% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, DBND or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 6.0% for DBND. Worst drawdown: DBND -9.4% vs VOO -34.3%.
Should I hold both DBND and VOO?
DBND 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 DBND and VOO?
DBND and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1091 unique securities.
Which pays a higher dividend, DBND or VOO?
DBND yields 4.77% while VOO yields 1.09%, so DBND currently pays the higher dividend yield.
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