AMG vs. VOO
AMG (Affiliated Managers Group, Inc.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, AMG returned 10.09%/yr vs 15.77%/yr for VOO. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
AMG vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, AMG achieves a 23.95% return, which is significantly higher than VOO's 9.75% return. Over the past 10 years, AMG has underperformed VOO with an annualized return of 10.09%, while VOO has yielded a comparatively higher 15.77% annualized return.
AMG
- 1D
- 1.25%
- 1M
- 18.33%
- YTD
- 23.95%
- 6M
- 24.22%
- 1Y
- 93.71%
- 3Y*
- 35.75%
- 5Y*
- 18.58%
- 10Y*
- 10.09%
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%
AMG vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 23.95% | 55.93% | 22.15% | -4.40% | -3.67% | 61.80% | 20.53% | -11.79% | -52.15% | 41.93% |
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 AMG and VOO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.68 |
Over the past year, the correlation between AMG and VOO has dropped to 0.47 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
AMG vs. VOO — Risk / Return Rank
AMG
VOO
AMG vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Affiliated Managers Group, Inc. (AMG) 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.
| AMG | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.39 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 3.02 | +1.76 |
| Martin ratioReturn relative to average drawdown | 13.62 | 13.58 | +0.04 |
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Drawdowns
AMG vs. VOO - Drawdown Comparison
The maximum AMG drawdown since its inception was -85.92%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AMG and VOO.
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Drawdown Indicators
| AMG | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.92% | -33.99% | -51.93% |
Max Drawdown (1Y)Largest decline over 1 year | -19.72% | -8.90% | -10.82% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -18.69% | -8.28% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -24.52% | -16.70% |
Max Drawdown (10Y)Largest decline over 10 years | -78.52% | -33.99% | -44.53% |
Current DrawdownCurrent decline from peak | -0.05% | -1.74% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -24.68% | -3.68% | -21.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 1.98% | +4.92% |
Volatility
AMG vs. VOO - Volatility Comparison
Affiliated Managers Group, Inc. (AMG) has a higher volatility of 9.14% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that AMG's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMG | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.14% | 4.60% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 25.76% | 9.73% | +16.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.32% | 12.39% | +18.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.36% | 16.90% | +15.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.71% | 18.05% | +16.66% |
Dividends
AMG vs. VOO - Dividend Comparison
AMG's dividend yield for the trailing twelve months is around 0.01%, less than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 0.01% | 0.01% | 0.02% | 0.03% | 0.03% | 0.02% | 0.34% | 1.51% | 1.23% | 0.39% | 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
AMG and VOO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMG has higher volatility (9.14%) compared to VOO (4.60%). In terms of maximum drawdown, AMG dropped -85.92% vs VOO's -33.99%.
AMG currently has the higher Sharpe Ratio (3.01 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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