PortfoliosLab logoPortfoliosLab logo
ASAN vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

ASAN vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Asana, Inc. (ASAN) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ASAN achieves a -50.77% return, which is significantly lower than VOO's 9.75% return.


ASAN

1D
-2.46%
1M
1.96%
YTD
-50.77%
6M
-53.06%
1Y
-48.67%
3Y*
-33.09%
5Y*
-35.10%
10Y*

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

ASAN vs. VOO - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
ASAN
Asana, Inc.
-50.77%-32.36%6.63%38.05%-81.53%152.28%9.44%
VOO
Vanguard S&P 500 ETF
9.75%17.82%24.98%26.32%-18.17%28.79%13.03%

Correlation

The correlation between ASAN and VOO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2020

0.47

Over the past year, the correlation between ASAN and VOO has dropped to 0.26 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Return for Risk

ASAN vs. VOO — Risk / Return Rank

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

ASAN
ASAN Risk / Return Rank: 1010
Overall Rank
ASAN Sharpe Ratio Rank: 99
Sharpe Ratio Rank
ASAN Sortino Ratio Rank: 99
Sortino Ratio Rank
ASAN Omega Ratio Rank: 1111
Omega Ratio Rank
ASAN Calmar Ratio Rank: 1313
Calmar Ratio Rank
ASAN Martin Ratio Rank: 99
Martin Ratio Rank

VOO
VOO Risk / Return Rank: 6868
Overall Rank
VOO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6767
Sortino Ratio Rank
VOO Omega Ratio Rank: 6969
Omega Ratio Rank
VOO Calmar Ratio Rank: 6363
Calmar Ratio Rank
VOO Martin Ratio Rank: 7474
Martin Ratio Rank
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.

ASAN vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Asana, Inc. (ASAN) 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.


ASANVOODifference
Sharpe ratioReturn per unit of total volatility

-3.00

Sortino ratioReturn per unit of downside risk

-4.13

Omega ratioGain probability vs. loss probability

0.87

1.39

-0.53

Calmar ratioReturn relative to maximum drawdown

-0.76

3.02

-3.78

Martin ratioReturn relative to average drawdown

-1.37

13.58

-14.96

ASAN vs. VOO - Sharpe Ratio Comparison

The current ASAN Sharpe Ratio is -0.83, which is lower than the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of ASAN 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.


Loading charts...

Drawdowns

ASAN vs. VOO - Drawdown Comparison

The maximum ASAN drawdown since its inception was -96.17%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ASAN and VOO.


Loading charts...

Drawdown Indicators


ASANVOODifference

Max Drawdown

Largest peak-to-trough decline

-96.17%

-33.99%

-62.18%

Max Drawdown (1Y)

Largest decline over 1 year

-64.43%

-8.90%

-55.53%

Max Drawdown (3Y)

Largest decline over 3 years

-80.16%

-18.69%

-61.47%

Max Drawdown (5Y)

Largest decline over 5 years

-96.17%

-24.52%

-71.65%

Max Drawdown (10Y)

Largest decline over 10 years

-33.99%

Current Drawdown

Current decline from peak

-95.27%

-1.74%

-93.53%

Average Drawdown

Average peak-to-trough decline

-70.72%

-3.68%

-67.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

35.43%

1.98%

+33.45%

Volatility

ASAN vs. VOO - Volatility Comparison

Asana, Inc. (ASAN) has a higher volatility of 26.76% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that ASAN'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.


Loading charts...

Volatility by Period


ASANVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

26.76%

4.60%

+22.16%

Volatility (6M)

Calculated over the trailing 6-month period

48.25%

9.73%

+38.52%

Volatility (1Y)

Calculated over the trailing 1-year period

59.17%

12.39%

+46.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

78.99%

16.90%

+62.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

76.90%

18.05%

+58.85%

Dividends

ASAN vs. VOO - Dividend Comparison

ASAN has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.04%.


PositionTTM20252024202320222021202020192018201720162015
ASAN
Asana, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%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


ASAN and VOO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ASAN has higher volatility (26.76%) compared to VOO (4.60%). In terms of maximum drawdown, ASAN dropped -96.17% vs VOO's -33.99%.

VOO currently has the higher Sharpe Ratio (2.17 vs -0.83), 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.

Portfolio Optimizer

Find the right allocation for ASAN and VOO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer