DLN vs VOO
WisdomTree US LargeCap Dividend Fund vs Vanguard S&P 500 ETF
Which is better, DLN or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. DLN is less concentrated, with 26.7% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DLN | VOO |
|---|---|---|
| Expense Ratio | 0.28% | 0.03%Best |
| AUM | $6.3B | $1.0T |
| Dividend Yield | 1.79% | 1.06% |
| Holdings | 310 | 506 |
| YTD Return | +13.68%Best | +13.57% |
| 1Y Return | +17.05% | +17.55%Best |
| 3Y Return (annualized) | +19.42% | +22.46%Best |
| 5Y Return (annualized) | +12.52% | +13.28%Best |
| Volatility (annualized) | 12.6%Best | 14.1% |
| Max Drawdown | -35.8% | -34.3%Best |
| $10,000 over 5 years | $18,036 | $18,654Best |
| Top 10 Weight | 26.7%Best | 37.9% |
| Fund Family | WisdomTree Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 16, 2006 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 14, 2026 (16.1 years).
DLN vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.1 years both funds cover.
DLN vs VOO Performance
WisdomTree US LargeCap Dividend Fund (DLN) is an ETF from WisdomTree Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year DLN returned +17.05% while VOO returned +17.55%. Year to date, DLN is up 13.68% versus a gain of 13.57% for VOO.
Over three years, DLN compounded at +19.42% per year against +22.46% for VOO; over five years the annualized figures are +12.52% and +13.28% respectively. Across the full 16-year window we track, VOO has the edge at +13.40% annualized vs +13.05%.
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 12.6% for DLN. 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 -35.8% for DLN and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DLN charges 0.28% per year while VOO charges 0.03%. On a $10,000 position that is $28 vs $3 annually, a gap of $25 per year that compounds over a long holding period. On income, DLN currently yields 1.79% against 1.06% for VOO.
Holdings Overlap
99.4% of DLN's money is in holdings VOO also owns. 77.3% of VOO's money is in holdings DLN also owns.
Most of DLN is already inside VOO. Owning both mostly buys the same companies twice.
292 positions in common, counted across the 310 positions we hold weights for in DLN and 504 in VOO, against full books of 310 and 506.
What only one of them owns
Measured across the 310 and 504 positions we hold weights for.
VOO holds 207 positions DLN does not, 22.5% of the fund.
Largest: AMZN 3.85%, TSLA 1.57%, BRK.B 1.40%, AMD 1.16%, INTC 0.67%
Top Shared Holdings
| Stock | Weight in DLN | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.13% | 8.09% | 3.96% |
| MSFTMicrosoft Corp | 5.04% | 5.70% | 0.66% |
| AAPLApple, Inc | 2.48% | 7.04% | 4.56% |
| AVGOBroadcom Inc | 2.02% | 2.65% | 0.63% |
| GOOGLAlphabet Inc | 1.37% | 3.01% | 1.64% |
| JPMJpmorgan Chase | 2.89% | 1.44% | 1.45% |
| METAMeta Platforms Inc | 2.28% | 1.90% | 0.38% |
| GOOGAlphabet Inc. C | 1.26% | 2.40% | 1.14% |
| XOMExxonmobil Corp. | 2.19% | 1.01% | 1.18% |
| JNJJohnson & Johnson - Common | 2.02% | 0.97% | 1.05% |
99.4% of DLN is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DLN or VOO?
DLN has an expense ratio of 0.28% while VOO charges 0.03%. VOO is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, DLN or VOO?
Over the past year DLN returned +17.05% vs +17.55% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), DLN annualized +13.05% vs +13.40% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DLN or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.6% for DLN. Worst drawdown: DLN -35.8% vs VOO -34.3%.
Should I hold both DLN and VOO?
DLN and VOO have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DLN and VOO?
99.4% of DLN's money is in holdings VOO also owns. 77.3% of VOO's is in holdings DLN also owns. They hold 292 positions in common, counted across the 310 positions we hold weights for in DLN and 504 in VOO.
Which pays a higher dividend, DLN or VOO?
DLN yields 1.79% while VOO yields 1.06%, so DLN currently pays the higher dividend yield.
Is VOO better than DLN?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. DLN is less concentrated, with 26.7% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.