ADME vs. VOO
ADME (Aptus Drawdown Managed Equity ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - ADME is a Hedge Fund fund tracking the Aptus Behavioral Momentum Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ADME returned 8.86%/yr vs 15.77%/yr for VOO. Their correlation of 0.87 suggests significant overlap in exposure. ADME charges 0.79%/yr vs 0.03%/yr for VOO.
Performance
ADME vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, ADME achieves a 8.62% return, which is significantly lower than VOO's 9.75% return. Over the past 10 years, ADME has underperformed VOO with an annualized return of 8.86%, while VOO has yielded a comparatively higher 15.77% annualized return.
ADME
- 1D
- -0.38%
- 1M
- -0.16%
- YTD
- 8.62%
- 6M
- 8.08%
- 1Y
- 19.81%
- 3Y*
- 16.57%
- 5Y*
- 7.80%
- 10Y*
- 8.86%
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%
ADME vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 8.62% | 10.28% | 22.11% | 15.42% | -21.80% | 20.24% | 18.21% | 9.31% | -6.05% | 17.58% |
VOO Vanguard S&P 500 ETF | 9.75% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between ADME and VOO is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2016 | 0.87 |
The correlation between ADME and VOO has been stable across timeframes, ranging from 0.87 to 0.97 - a consistent structural relationship.
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Return for Risk
ADME vs. VOO — Risk / Return Rank
ADME
VOO
ADME vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) 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.
| ADME | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.02 | -0.36 |
| Martin ratioReturn relative to average drawdown | 11.07 | 13.58 | -2.51 |
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Drawdowns
ADME vs. VOO - Drawdown Comparison
The maximum ADME drawdown since its inception was -27.49%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ADME and VOO.
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Drawdown Indicators
| ADME | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -33.99% | +6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -8.90% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.67% | -18.69% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -23.43% | -24.52% | +1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -27.49% | -33.99% | +6.50% |
Current DrawdownCurrent decline from peak | -1.80% | -1.74% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -3.68% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.98% | -0.19% |
Volatility
ADME vs. VOO - Volatility Comparison
Aptus Drawdown Managed Equity ETF (ADME) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.43% 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
| ADME | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 4.60% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 9.73% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.68% | 12.39% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.99% | 16.90% | -3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 18.05% | -3.60% |
ADME vs. VOO - Expense Ratio Comparison
ADME has a 0.79% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
ADME vs. VOO - Dividend Comparison
ADME's dividend yield for the trailing twelve months is around 0.38%, less than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 0.38% | 0.38% | 0.47% | 0.78% | 0.73% | 0.26% | 0.41% | 0.70% | 0.86% | 0.32% | 0.69% | 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
With a correlation of 0.97, ADME and VOO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VOO has higher volatility (4.60%) compared to ADME (4.43%). In terms of maximum drawdown, ADME dropped -27.49% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.77% vs 8.86% for ADME. On fees, VOO is cheaper at 0.03% per year. On volatility, ADME has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.77% return vs 8.86%. 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 0.79% for ADME.
VOO has the higher dividend yield at 1.04%, compared with 0.38% for ADME.
ADME is categorized as Hedge Fund, while VOO is S&P 500. ADME tracks Aptus Behavioral Momentum Index, while VOO tracks S&P 500 Index. They also come from different issuers: Aptus Capital Advisors and Vanguard. Their fees differ too: 0.79% for ADME and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (2.17 vs 1.87), 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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