DHF vs VOO
DHF vs VOO
BNY Mellon High Yield Strategies Fund 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 | DHF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.71% | 0.03% | |
| AUM | $194M | $979.0B | |
| Dividend Yield | 7.75% | 1.09% | |
| Holdings | 318 | 509 | |
| YTD Return | -0.60% | +13.80% | |
| 1Y Return | +0.05% | +23.71% | |
| 3Y Return (annualized) | +10.72% | +21.50% | |
| 5Y Return (annualized) | +1.01% | +13.44% | |
| Volatility (annualized) | 20.1% | 14.1% | |
| Max Drawdown | -89.1% | -34.3% | |
| Fund Family | BNY Mellon Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 29, 1998 | Sep 7, 2010 |
DHF vs VOO Performance
BNY Mellon High Yield Strategies Fund (DHF) is a ETF from BNY Mellon Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DHF returned +0.05% while VOO returned +23.71%. Year to date, DHF is down 0.60% versus a gain of 13.80% for VOO.
Over three years, DHF compounded at +10.72% per year against +21.50% for VOO; over five years the annualized figures are +1.01% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs -4.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DHF has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 14.1% 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 -89.1% for DHF 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DHF charges 1.71% per year while VOO charges 0.03%. On a $10,000 position that is $171 vs $3 annually, a gap of $168 per year that compounds over a long holding period. On income, DHF currently yields 7.75% against 1.09% for VOO.
Holdings Overlap
DHF and VOO share 0 holdings out of 722 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, DHF or VOO?
DHF has an expense ratio of 1.71% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $168 per year of difference.
Which performed better, DHF or VOO?
Over the past year DHF returned +0.05% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), DHF annualized -4.80% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, DHF or VOO?
DHF has been the more volatile fund at 20.1% annualized versus 14.1% for VOO. Worst drawdown: DHF -89.1% vs VOO -34.3%.
Should I hold both DHF and VOO?
DHF and VOO have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DHF and VOO?
DHF and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 722 unique securities.
Which pays a higher dividend, DHF or VOO?
DHF yields 7.75% while VOO yields 1.09%, so DHF currently pays the higher dividend yield.
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