DIVB vs. VOO
DIVB (iShares Core Dividend ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, DIVB returned 12.32%/yr vs 13.58%/yr for VOO. Their correlation of 0.84 suggests significant overlap in exposure. DIVB charges 0.05%/yr vs 0.03%/yr for VOO.
Performance
DIVB vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, DIVB achieves a 15.96% return, which is significantly higher than VOO's 9.75% return.
DIVB
- 1D
- 0.07%
- 1M
- 0.62%
- YTD
- 15.96%
- 6M
- 15.17%
- 1Y
- 27.44%
- 3Y*
- 21.34%
- 5Y*
- 12.32%
- 10Y*
- —
VOO
- 1D
- -0.29%
- 1M
- 0.08%
- YTD
- 9.75%
- 6M
- 9.30%
- 1Y
- 26.77%
- 3Y*
- 21.36%
- 5Y*
- 13.58%
- 10Y*
- 15.77%
DIVB vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 15.96% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
VOO Vanguard S&P 500 ETF | 9.75% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 3.54% |
Correlation
The correlation between DIVB and VOO is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.84 |
Over the past year, the correlation between DIVB and VOO has dropped to 0.62 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
DIVB vs. VOO — Risk / Return Rank
DIVB
VOO
DIVB vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend ETF (DIVB) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DIVB | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.39 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 3.02 | +1.02 |
| Martin ratioReturn relative to average drawdown | 13.51 | 13.58 | -0.07 |
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Drawdowns
DIVB vs. VOO - Drawdown Comparison
The maximum DIVB drawdown since its inception was -36.93%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DIVB and VOO.
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Drawdown Indicators
| DIVB | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -33.99% | -2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -8.90% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -18.69% | +3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -24.52% | +3.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -2.10% | -1.74% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -3.68% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.98% | +0.06% |
Volatility
DIVB vs. VOO - Volatility Comparison
iShares Core Dividend ETF (DIVB) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.61% and 4.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIVB | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 4.60% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 9.73% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 12.39% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 16.90% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 18.05% | +0.31% |
DIVB vs. VOO - Expense Ratio Comparison
DIVB has a 0.05% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DIVB vs. VOO - Dividend Comparison
DIVB's dividend yield for the trailing twelve months is around 2.29%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.29% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.04% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
DIVB and VOO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (4.61%) compared to VOO (4.60%). In terms of maximum drawdown, DIVB dropped -36.93% vs VOO's -33.99%.
On 5-year performance, VOO leads with 13.58% vs 12.32% for DIVB. On fees, VOO is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VOO has performed better with a 13.58% return vs 12.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.05% for DIVB.
DIVB has the higher dividend yield at 2.29%, compared with 1.04% for VOO.
DIVB is categorized as Dividend, while VOO is S&P 500. DIVB tracks Morningstar US Dividend and Buyback Index, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.05% for DIVB and 0.03% for VOO.
DIVB currently has the higher Sharpe Ratio (2.36 vs 2.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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