Aqueous dispersion which comprises hydrophobized silicon dioxide powder with a content of between 5 and 50 wt. % and which comprises at least one compound of the general formula R & supl; —COO—(CH2-CH(Ph)—O)a-(CnH2n-xR2x-O)b-R3 (I). It is prepared by dispersing the hydrophobic silicon dioxide powder, dispersing agent and optionally pH-regulating substances and further additives in an aqueous medium. It can be employed as an additive to waterborne fillers in the automobile industry, as a coating constituent in can and coil coating processes, as an additive in water-based UV-curable formulations e.g. for wood preservation and as a constituent of protective lacquer films.