DVY vs VOO: Performance, Holdings, Fees & Risk
DVY and VOO are ETFs, but they can differ materially in exposure, yield, fees and risk. DVY is iShares Select Dividend ETF, while VOO is Vanguard S&P 500 ETF. VOO is broader by holdings count, with 508 positions versus 102 for DVY. VOO is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has DVY ahead on AIQ Score, 65 versus 57.
What is the main difference between DVY and VOO?
VOO holds 508 positions to DVY's 102, and 9% of their weight is in the same securities.
| Metric | DVY | VOO |
|---|---|---|
| Fund | ||
| Expense ratio | 0.38% | 0.03% |
| Holdings | 102 | 508 |
| Top-10 concentration | 19.5% | 37.6% |
| Distribution yieldTrailing 12 months | 3.31% | 1.06% |
| Average volume | 371,310 | 7,566,222 |
| Performance | ||
| 1Y return | +14.1% | +13.5% |
| YTD return | +14.3% | +11.4% |
| 5Y annualized returnTotal return, distributions reinvested | +10% | +12.4% |
| Risk | ||
| Annualized volatility | 11.6% | 12.8% |
| Max drawdown (1Y) | -8.1% | -9.2% |
| Max drawdown (5Y)Total return, distributions reinvested | -17.5% | -24.5% |
| Beta | 0.23 | 1.00 |
| Sharpe ratio | 0.87 | 0.77 |
| Sortino ratio | 1.56 | 1.18 |
| AlgovestIQ | ||
| AIQ Score | 65/100 | 57/100 |
| AIQ Edge Score | 9/10 | 6/10 |
| Momentum | 82/100 | 33/100 |
| Risk Resilience | 69/100 | 87/100 |
AlgovestIQ AIQ Comparison
iShares Select Dividend ETF vs Vanguard S&P 500 ETF
DVY leads
DVY leads by 8 AIQ points, primarily on Momentum and Value, having only recently taken the lead back from VOO.
Fragile: 2 of 4 evidence groups support DVY, the lead recently changed hands, and its current signal state is conflicted.
iShares Select Dividend ETF
Vanguard S&P 500 ETF
The Algovestiq AIQ Score currently favors DVY over VOO, 65 versus 57 as of Oct 24, 2026. DVY's advantage is driven primarily by stronger momentum and value, while VOO holds the stronger quality profile. DVY also shows the stronger technical structure relative to its 50-day moving average. 2 of 4 covered evidence groups favor DVY today, and the comparison is rated Fragile on stability: only 2 of 4 covered evidence groups agree. DVY lead: Reversed — VOO led by 13 AIQ points 30 sessions ago; DVY now leads by 8.
Compare iShares Select Dividend ETF and Vanguard S&P 500 ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
DVY vs VOO: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | DVY | VOO | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.38% | 0.03% | VOO |
| Broader diversificationNumber of holdings | 102 | 508 | VOO |
| Lower concentrationWeight of the 10 largest holdings | 19.5% | 37.6% | DVY |
| Higher incomeTrailing 12-month distribution yield | 3.31% | 1.06% | DVY |
| Smaller drawdownsMax drawdown, 5 years | -17.5% | -24.5% | DVY |
| Lower volatilityAnnualized volatility, 1 year | 11.6% | 12.8% | DVY |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare DVY and VOO against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Momentum82 vs 33DVY +49
- Quality56 vs 77VOO +21
- Risk Resilience69 vs 87VOO +18
- Value58 vs 41DVY +17
2 of 4 evidence groups favor DVY. DVY’s edge is concentrated in momentum and value; VOO keeps a meaningful quality edge.
What changed since the last close
Latest scored session 2026-10-23, compared against the prior scored session 2026-10-22.
Largest factor move: Value -1
No signal started or stopped since the prior session; its 8 active signals are unchanged.
Largest factor move: Momentum -8
No signal started or stopped since the prior session; its 4 active signals are unchanged.
DVY's lead was unchanged in the latest session.
Deeper signal detail for each name lives on its own signals page — DVY and VOO both carry a full feed there.
The central trade-off
DVY (iShares Select Dividend ETF): the stronger current systematic profile, led by momentum and value.
VOO (Vanguard S&P 500 ETF): the counter-case, on quality, risk resilience.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | DVY | VOO | Why it matters |
|---|---|---|---|
| Expense ratio | 0.38% | 0.03% | Lower is better — it compounds against you every year you hold. |
| Holdings | 102 | 508 | More holdings means broader diversification, not better returns. |
| Average volume | 371,310 | 7,566,222 | Liquidity — matters most if you trade size. |
| Annualized volatility | 11.6% | 12.8% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -8.1% | -9.2% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | 0.87 | 0.77 | Return per unit of risk. Higher is better. |
| Beta | 0.23 | 1.00 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
DVY and VOO share 8.62% of their weighted exposure across 67 common holdings.
31 holdings are unique to DVY, and 438 holdings are unique to VOO. Owning both is genuinely additive — most of the capital sits in different securities.
VOO is the more concentrated of the two: its ten largest positions are 37.65% of the fund, against 19.46% for DVY (508 holdings vs 102). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | DVY | VOO | Shared |
|---|---|---|---|
| XOMEXXONMOBIL HOLDINGS CORP | 1.03% | 1% | 1% |
| CVXCHEVRON | 1.48% | 0.57% | 0.57% |
| KOCOCA-COLA | 1% | 0.53% | 0.53% |
| MRKMERCK & CO INC | 1.14% | 0.5% | 0.5% |
| PMPHILIP MORRIS INTERNATIONAL INC | 1.11% | 0.46% | 0.46% |
| IBMINTERNATIONAL BUSINESS MACHINES | 0.84% | 0.33% | 0.33% |
| MCDMCDONALDS CORP | 0.58% | 0.3% | 0.3% |
| VZVERIZON COMMUNICATIONS INC | 1.86% | 0.3% | 0.3% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What DVY adds that VOO doesn’t
| Holding | DVY | VOO |
|---|---|---|
| HPQHP INC | 2.44% | 0.04% |
| PFEPFIZER | 2.25% | 0.22% |
| PRUPRUDENTIAL FINANCIAL INC | 2.15% | 0.07% |
| MOALTRIA GROUP INC | 2.09% | 0.18% |
| TROWT ROWE PRICE GROUP | 2.06% | 0.04% |
| VZVERIZON COMMUNICATIONS INC | 1.86% | 0.3% |
What VOO adds that DVY doesn’t
| Holding | VOO | DVY |
|---|---|---|
| NVDANVIDIA Corp | 7.55% | Not held |
| AAPLApple Inc | 7.05% | Not held |
| MSFTMicrosoft Corp | 5.36% | Not held |
| AMZNAmazon.com Inc | 4.13% | Not held |
| GOOGLAlphabet Inc | 3.24% | Not held |
| AVGOBroadcom Inc | 2.86% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
DVY vs VOO: five-year payout growth
DVY grew its split-adjusted payout faster over 2020-2025 — 7.87% a year against VOO's 5.91%. Neither fund reduced its annual distribution in any year of the window.
| Dividend metric | DVY | VOO |
|---|---|---|
| 5Y payout CAGR | 7.87% | 5.91% |
| 2020 annual payout | $3.523 | $5.303 |
| 2025 annual payout | $5.145 | $7.068 |
| Calendar-year declines | 0 | 0 |
| Peer rank | #9 of 33 | #88 of 138 |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
2 of 4 covered evidence groups favor DVY. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | DVY | 65 vs 57 |
| Fundamentals | Not covered | Not covered |
| Valuation | DVY | Value 58 vs 41 |
| Technicals | Even | Price vs 50-day 1.1% vs -1%; vs 200-day 3.5% vs 4.6% |
| Risk Resilience | VOO | Risk Resilience 69 vs 87 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of DVY and VOO and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is moderate at 8 points.
- Only 2 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The lead has already changed hands inside the comparison window. (argues the conclusion is provisional)
- The lead has swung materially session to session. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on DVY.
How the comparison changed
120 daily snapshots · Jun 24 – Oct 23DVY lead: Reversed — VOO led by 13 AIQ points 30 sessions ago; DVY now leads by 8.
- Today
- DVY +8
- 65 vs 57
- 7 sessions ago
- VOO +2
- 61 vs 63
- 30 sessions ago
- VOO +13
- 52 vs 65
- 90 sessions ago
- VOO +1
- 64 vs 65
The lead changed hands 12 times in this window, most recently on Oct 22 when DVY moved ahead of VOO.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
6 bullish / 1 bearish / 1 neutral, conflicted
Only DVY
- Keltner Channel Breakout — bullish, volatility, short horizon
- RSI Overbought — bearish, momentum, short horizon
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
- Uptrend Structure Active — bullish, trend, long horizon
- MACD Bullish Crossover — bullish, momentum, short horizon
2 bullish / 1 bearish / 1 neutral, conflicted
Only VOO
- MACD Bearish Crossover — bearish, momentum, short horizon
Both carry 3 more signals that do not separate them: Golden Cross Active, ATR Contraction - Coiling, 52-Week High Proximity.
DVY leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price and the AIQ Score both moved down over the latest session (price -0.91%, AIQ -1 points).
Price and the AIQ Score both moved down over the latest session (price -0.53%, AIQ -1 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1VOO closes the Momentum gap — currently 49 points behind, the largest single contributor to DVY's edge.
- 2VOO's ATR Contraction - Coiling turns directional — it is neutral today and would confirm a change in trend.
- 3DVY's conflicting signal state resolves bearish — it currently carries 6 bullish and 1 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
DVY leads 4 of 6 windows| Metric | DVY | VOO |
|---|---|---|
| 1 week (5 sessions) | 1.3% | -0.4% |
| 1 month (20 sessions) | 4.2% | -1.7% |
| 3 months (63 sessions) | -1.2% | 2.8% |
| 6 months (126 sessions) | 6.2% | 6.4% |
| Year to date | 14.3% | 11.4% |
| 1 year (252 sessions) | 14.1% | 13.5% |
Technicals
Split| Metric | DVY | VOO |
|---|---|---|
| RSI (14) | 72 | 36.9 |
| ADX (14) | 26.4 | 14.6 |
| Price vs 50-day | 1.1% | -1% |
| Price vs 200-day | 3.5% | 4.6% |
| Volatility (1M, annualized) | 13.7% | 10.1% |
Risk
VOO is the more resilient| Metric | DVY | VOO |
|---|---|---|
| Beta | 0.23 | 1 |
| Sharpe ratio | 0.87 | 0.77 |
| Sortino ratio | 1.56 | 1.18 |
| Max drawdown | -8.1% | -9.2% |
| Current drawdown | -2.6% | -2.5% |
| Annualized volatility | 11.6% | 12.8% |
| Value at risk (95%) | -1% | -1.4% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between DVY and VOO?
VOO holds 508 positions to DVY's 102, and 9% of their weight is in the same securities.
How much do DVY and VOO overlap?
DVY and VOO share 8.62% of their weighted exposure across 67 common holdings. 31 holdings are unique to DVY, and 438 holdings are unique to VOO. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, DVY or VOO?
VOO holds more positions: 508 versus 102 for DVY.
Which has the lower expense ratio?
VOO has the lower expense ratio, 0.03% a year against 0.38% for DVY.
Which ETF has the higher distribution yield?
DVY, with a trailing 12-month distribution yield of 3.31% against 1.06% for VOO.
Which ETF has been more volatile?
VOO has been more volatile over the past year, at 12.8% annualized against 11.6% for DVY.
Which ETF has had the smaller drawdown?
DVY fell less from peak to trough over the past five years: -17.5% against -24.5% for VOO.
Compare DVY and VOO with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.