DFVX vs VOO

Quick Verdict

VOO has a lower expense ratio. DFVX delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: DFVXMore Diversified: VOO

Side-by-Side Comparison

MetricDFVXVOOWinner
Expense Ratio0.19%0.03%
AUM$519M$979.0B
Dividend Yield1.16%1.09%
Holdings331509
YTD Return+15.30%+13.31%
1Y Return+24.43%+24.01%
3Y Return (annualized)-+21.17%
5Y Return (annualized)-+13.34%
Volatility (annualized)11.5%14.1%
Max Drawdown-16.7%-34.3%
Fund FamilyDimensionalVanguard (US)
CategoryEquityEquity
InceptionNov 2, 2023Sep 7, 2010

DFVX vs VOO Performance

Dimensional US Large Cap Vector ETF (DFVX) is a ETF from Dimensional and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DFVX returned +24.43% while VOO returned +24.01%. Year to date, DFVX is up 15.30% versus a gain of 13.31% for VOO.

Risk: Volatility and Drawdowns

VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 11.5% for DFVX. 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 -16.7% for DFVX 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

DFVX charges 0.19% per year while VOO charges 0.03%. On a $10,000 position that is $19 vs $3 annually, a gap of $16 per year that compounds over a long holding period. On income, DFVX currently yields 1.16% against 1.09% for VOO.

Holdings Overlap

52.0%overlap

DFVX and VOO share 264 holdings out of 555 unique holdings combined, representing a 52.0% weight overlap.

High overlap means holding both may not provide much additional diversification.

Top Shared Holdings

StockWeight in DFVXWeight in VOODifference
MSFT4.83%4.30%0.53%
AMZN5.02%3.62%1.40%
NVDA0.60%7.51%6.91%
AAPLProProPro
METAProProPro
GOOGLProProPro
GOOGProProPro
MUProProPro
JPMProProPro
JNJProProPro
See all 10 holdings DFVX shares with VOO
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Frequently Asked Questions

Which is cheaper, DFVX or VOO?

DFVX has an expense ratio of 0.19% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $16 per year of difference.

Which performed better, DFVX or VOO?

Over the past year DFVX returned +24.43% vs +24.01% for VOO, so DFVX leads on 1-year performance. Over the longest common window we track (3 years), DFVX annualized +21.93% vs +13.55% for VOO. Past performance does not guarantee future results.

Which is riskier, DFVX or VOO?

VOO has been the more volatile fund at 14.1% annualized versus 11.5% for DFVX. Worst drawdown: DFVX -16.7% vs VOO -34.3%.

Should I hold both DFVX and VOO?

DFVX and VOO have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.

What is the holdings overlap between DFVX and VOO?

DFVX and VOO share 264 common holdings with a 52.0% weight overlap. Combined, they hold 555 unique securities.

Which pays a higher dividend, DFVX or VOO?

DFVX yields 1.16% while VOO yields 1.09%, so DFVX currently pays the higher dividend yield.

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