DSL vs VOO
DSL vs VOO
DoubleLine Income Solutions 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 | DSL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 3.20% | 0.03% | |
| AUM | $1.3B | $979.0B | |
| Dividend Yield | 11.46% | 1.09% | |
| Holdings | 512 | 509 | |
| YTD Return | +2.29% | +13.53% | |
| 1Y Return | -1.04% | +23.65% | |
| 3Y Return (annualized) | +6.42% | +21.27% | |
| 5Y Return (annualized) | +0.84% | +13.52% | |
| Volatility (annualized) | 15.7% | 14.1% | |
| Max Drawdown | -58.7% | -34.3% | |
| Fund Family | DoubleLine Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 26, 2013 | Sep 7, 2010 |
DSL vs VOO Performance
DoubleLine Income Solutions Fund (DSL) is a ETF from DoubleLine Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DSL returned -1.04% while VOO returned +23.65%. Year to date, DSL is up 2.29% versus a gain of 13.53% for VOO.
Over three years, DSL compounded at +6.42% per year against +21.27% for VOO; over five years the annualized figures are +0.84% and +13.52% respectively. Across the full 13-year window we track, VOO has the edge at +13.57% annualized vs -1.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DSL has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -58.7% for DSL 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DSL charges 3.20% per year while VOO charges 0.03%. On a $10,000 position that is $320 vs $3 annually, a gap of $317 per year that compounds over a long holding period. On income, DSL currently yields 11.46% against 1.09% for VOO.
Holdings Overlap
DSL and VOO share 0 holdings out of 510 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, DSL or VOO?
DSL has an expense ratio of 3.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $317 per year of difference.
Which performed better, DSL or VOO?
Over the past year DSL returned -1.04% vs +23.65% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (13 years), DSL annualized -1.88% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, DSL or VOO?
DSL has been the more volatile fund at 15.7% annualized versus 14.1% for VOO. Worst drawdown: DSL -58.7% vs VOO -34.3%.
Should I hold both DSL and VOO?
DSL and VOO have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DSL and VOO?
DSL and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, DSL or VOO?
DSL yields 11.46% while VOO yields 1.09%, so DSL currently pays the higher dividend yield.
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