"You are wearing my shoes."
Translation:Du har mine sko på.
No, they are quite different. The 'o' in sko is like the French o in 'hôpital' or in 'eau'. Danish o's can also be pronounced as the English 'o' in 'for'.
The å is pronounced as the first sound in the English diphtong in 'flow'. The lettre ¨å¨in Danish can have other pronounciations as well.
Note that both vowels are pronouced with the glottal stop ('stød') which might be why it is difficult to hear.