AMOMX vs. VOO

Last updated Jun 3, 2026

AMOMX (AQR Large Cap Momentum Style Fund) and VOO (Vanguard S&P 500 ETF) are both funds - AMOMX is a Large Cap Growth Equities fund managed by AQR Funds, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, AMOMX returned 15.18%/yr vs 15.65%/yr for VOO. Their correlation of 0.93 suggests significant overlap in exposure. AMOMX charges 0.41%/yr vs 0.03%/yr for VOO.

Performance

AMOMX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Large Cap Momentum Style Fund (AMOMX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AMOMX having a 11.26% return and VOO slightly higher at 11.69%. Both investments have delivered pretty close results over the past 10 years, with AMOMX having a 15.18% annualized return and VOO not far ahead at 15.65%.

AMOMX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 11.26%
• 6M: 11.14%
• 1Y: 22.57%
• 3Y*: 23.96%
• 5Y*: 13.41%
• 10Y*: 15.18%

VOO

• 1D: 0.14%
• 1M: 5.39%
• YTD: 11.69%
• 6M: 12.11%
• 1Y: 29.68%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMOMX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMOMX AQR Large Cap Momentum Style Fund	11.26%	15.36%	27.62%	18.17%	-18.00%	26.01%	26.86%	29.20%	-4.01%	23.87%
VOO Vanguard S&P 500 ETF	11.69%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between AMOMX and VOO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010	0.93

The correlation between AMOMX and VOO has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

AMOMX vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMOMX

AMOMX Risk / Return Rank: 59
AMOMX Sharpe Ratio Rank: 46
AMOMX Sortino Ratio Rank: 44
AMOMX Omega Ratio Rank: 46
AMOMX Calmar Ratio Rank: 78
AMOMX Martin Ratio Rank: 79

VOO

VOO Risk / Return Rank: 75
VOO Sharpe Ratio Rank: 77
VOO Sortino Ratio Rank: 75
VOO Omega Ratio Rank: 76
VOO Calmar Ratio Rank: 68
VOO Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMOMX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Large Cap Momentum Style Fund (AMOMX) 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.

	AMOMX	VOO	Difference
Sharpe ratio Return per unit of total volatility	2.00	2.53	-0.53
Sortino ratio Return per unit of downside risk	2.79	3.43	-0.64
Omega ratio Gain probability vs. loss probability	1.37	1.46	-0.09
Calmar ratio Return relative to maximum drawdown	3.56	3.42	+0.14
Martin ratio Return relative to average drawdown	14.89	15.95	-1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMOMX vs. VOO - Sharpe Ratio Comparison

The current AMOMX Sharpe Ratio is 2.00, which is comparable to the VOO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of AMOMX and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMOMX	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.53	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.85	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.87	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.89	-0.14

Drawdowns

AMOMX vs. VOO - Drawdown Comparison

The maximum AMOMX drawdown since its inception was -34.80%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AMOMX and VOO.

Drawdown Indicators

	AMOMX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-34.80%	-33.99%	-0.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-8.90%	-0.52%
Max Drawdown (3Y) Largest decline over 3 years	-22.49%	-18.69%	-3.80%
Max Drawdown (5Y) Largest decline over 5 years	-34.80%	-24.52%	-10.28%
Max Drawdown (10Y) Largest decline over 10 years	-34.80%	-33.99%	-0.81%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.31%	-3.69%	-2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	1.91%	+0.34%

Volatility

AMOMX vs. VOO - Volatility Comparison

AQR Large Cap Momentum Style Fund (AMOMX) has a higher volatility of 4.87% compared to Vanguard S&P 500 ETF (VOO) at 2.74%. This indicates that AMOMX'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.

Volatility by Period

	AMOMX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	2.74%	+2.13%
Volatility (6M) Calculated over the trailing 6-month period	12.76%	8.88%	+3.88%
Volatility (1Y) Calculated over the trailing 1-year period	15.44%	11.78%	+3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.56%	16.81%	+4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	18.01%	+2.97%

AMOMX vs. VOO - Expense Ratio Comparison

AMOMX has a 0.41% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

AMOMX vs. VOO - Dividend Comparison

AMOMX's dividend yield for the trailing twelve months is around 30.65%, more than VOO's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMOMX AQR Large Cap Momentum Style Fund	30.65%	25.49%	14.05%	14.08%	10.95%	17.95%	16.14%	10.22%	12.17%	9.15%	8.23%	8.44%
VOO Vanguard S&P 500 ETF	1.02%	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

Can I hold both AMOMX and VOO in my portfolio?

AMOMX and VOO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMOMX or VOO?

AMOMX has higher volatility (4.87%) compared to VOO (2.74%). In terms of maximum drawdown, AMOMX dropped -34.80% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.53 vs 2.00), 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.