OPP vs VXUS

Quick Verdict

VXUS has a lower expense ratio. VXUS delivered stronger 1-year returns. VXUS offers more diversification with 7860 holdings.

Lower Fees: VXUSHigher Returns: VXUSMore Diversified: VXUS

Side-by-Side Comparison

MetricOPPVXUSWinner
Expense Ratio5.40%0.05%
AUM$206M$156.5B
Dividend Yield13.33%2.60%
Holdings10,1708,747
YTD Return+3.37%+11.69%
1Y Return-1.71%+26.65%
3Y Return (annualized)+8.74%+18.15%
5Y Return (annualized)-1.46%+8.66%
Volatility (annualized)13.1%15.0%
Max Drawdown-45.9%-39.9%
Fund FamilyRiverNorthVanguard (US)
CategoryAllocation/BalancedEquity
InceptionSep 27, 2016Jan 26, 2011

OPP vs VXUS Performance

RiverNorth/DoubleLine Strategic Opportunity Fund Inc. (OPP) is a ETF from RiverNorth and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year OPP returned -1.71% while VXUS returned +26.65%. Year to date, OPP is up 3.37% versus a gain of 11.69% for VXUS.

Over three years, OPP compounded at +8.74% per year against +18.15% for VXUS; over five years the annualized figures are -1.46% and +8.66% respectively. Across the full 10-year window we track, VXUS has the edge at +4.69% annualized vs -2.28%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

VXUS has been the more volatile fund, with annualized monthly volatility of 15.0% 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 -39.9% for VXUS. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

OPP charges 5.40% per year while VXUS charges 0.05%. On a $10,000 position that is $540 vs $5 annually, a gap of $535 per year that compounds over a long holding period. On income, OPP currently yields 13.33% against 2.60% for VXUS.

Holdings Overlap

0.0%overlap

OPP and VXUS share 0 holdings out of 7925 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 VXUS?

OPP has an expense ratio of 5.40% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $535 per year of difference.

Which performed better, OPP or VXUS?

Over the past year OPP returned -1.71% vs +26.65% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (10 years), OPP annualized -2.28% vs +4.69% for VXUS. Past performance does not guarantee future results.

Which is riskier, OPP or VXUS?

VXUS has been the more volatile fund at 15.0% annualized versus 13.1% for OPP. Worst drawdown: OPP -45.9% vs VXUS -39.9%.

Should I hold both OPP and VXUS?

OPP and VXUS have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between OPP and VXUS?

OPP and VXUS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 7925 unique securities.

Which pays a higher dividend, OPP or VXUS?

OPP yields 13.33% while VXUS yields 2.60%, so OPP currently pays the higher dividend yield.

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