OPP vs VOO
OPP vs VOO
RiverNorth/DoubleLine Strategic Opportunity Fund Inc. 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 | OPP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 5.40% | 0.03% | |
| AUM | $206M | $979.0B | |
| Dividend Yield | 13.33% | 1.09% | |
| Holdings | 10,170 | 509 | |
| YTD Return | +3.37% | +11.51% | |
| 1Y Return | -1.71% | +21.46% | |
| 3Y Return (annualized) | +8.74% | +20.86% | |
| 5Y Return (annualized) | -1.46% | +13.01% | |
| Volatility (annualized) | 13.1% | 14.1% | |
| Max Drawdown | -45.9% | -34.3% | |
| Fund Family | RiverNorth | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 27, 2016 | Sep 7, 2010 |
OPP vs VOO Performance
RiverNorth/DoubleLine Strategic Opportunity Fund Inc. (OPP) is a ETF from RiverNorth and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year OPP returned -1.71% while VOO returned +21.46%. Year to date, OPP is up 3.37% versus a gain of 11.51% for VOO.
Over three years, OPP compounded at +8.74% per year against +20.86% for VOO; over five years the annualized figures are -1.46% and +13.01% respectively. Across the full 10-year window we track, VOO has the edge at +13.44% annualized vs -2.28%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.1% for OPP. 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 -45.9% for OPP 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OPP charges 5.40% per year while VOO charges 0.03%. On a $10,000 position that is $540 vs $3 annually, a gap of $537 per year that compounds over a long holding period. On income, OPP currently yields 13.33% against 1.09% for VOO.
Holdings Overlap
OPP and VOO share 0 holdings out of 570 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, OPP or VOO?
OPP has an expense ratio of 5.40% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $537 per year of difference.
Which performed better, OPP or VOO?
Over the past year OPP returned -1.71% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (10 years), OPP annualized -2.28% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, OPP or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.1% for OPP. Worst drawdown: OPP -45.9% vs VOO -34.3%.
Should I hold both OPP and VOO?
OPP and VOO have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OPP and VOO?
OPP and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 570 unique securities.
Which pays a higher dividend, OPP or VOO?
OPP yields 13.33% while VOO yields 1.09%, so OPP currently pays the higher dividend yield.
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