ATFV vs. VOO

Last updated Jun 23, 2026

ATFV (Alger 35 ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - ATFV is a Large Cap Growth Equities fund tracking the S&P 500, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, ATFV returned 14.28%/yr vs 13.58%/yr for VOO. Their correlation of 0.82 suggests significant overlap in exposure. ATFV charges 0.55%/yr vs 0.03%/yr for VOO.

Performance

ATFV vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger 35 ETF (ATFV) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATFV achieves a 17.12% return, which is significantly higher than VOO's 9.75% return.

ATFV

• 1D: -1.85%
• 1M: 4.20%
• YTD: 17.12%
• 6M: 14.98%
• 1Y: 47.46%
• 3Y*: 38.51%
• 5Y*: 14.28%
• 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)

ATFV vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ATFV Alger 35 ETF	17.12%	38.20%	46.14%	32.75%	-35.97%	3.03%
VOO Vanguard S&P 500 ETF	9.75%	17.82%	24.98%	26.32%	-18.17%	14.74%

Correlation

The correlation between ATFV and VOO is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since May 4, 2021	0.82

The correlation between ATFV and VOO has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

ATFV vs. VOO - Sectors Allocation Comparison

Sectors	ATFV	VOO
Technology	43.8%	39.1%
Communication Services	24.8%	10.5%
Consumer Cyclical	9.7%	9.8%
Healthcare	8.7%	8.3%
Industrials	6.5%	7.6%
Utilities	5.4%	2.5%
Financial Services	1.1%	10.9%
Basic Materials	-	1.7%
Consumer Defensive	-	4.5%
Energy	-	3.2%
Real Estate	-	1.8%

Return for Risk

ATFV vs. VOO — Risk / Return Rank

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

ATFV

ATFV Risk / Return Rank: 55
ATFV Sharpe Ratio Rank: 60
ATFV Sortino Ratio Rank: 55
ATFV Omega Ratio Rank: 53
ATFV Calmar Ratio Rank: 54
ATFV Martin Ratio Rank: 52

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 70
VOO Sortino Ratio Rank: 67
VOO Omega Ratio Rank: 69
VOO Calmar Ratio Rank: 63
VOO Martin Ratio Rank: 74

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.

ATFV vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 ETF (ATFV) 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.

	ATFV	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.17	-0.24
Sortino ratio: Return per unit of downside risk	2.57	2.93	-0.36
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	2.61	3.02	-0.41
Martin ratio: Return relative to average drawdown	8.73	13.58	-4.85

ATFV vs. VOO - Sharpe Ratio Comparison

The current ATFV Sharpe Ratio is 1.94, which is comparable to the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of ATFV 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.

Drawdowns

ATFV vs. VOO - Drawdown Comparison

The maximum ATFV drawdown since its inception was -45.34%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ATFV and VOO.

Drawdown Indicators

	ATFV	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-33.99%	-11.35%
Max Drawdown (1Y) Largest decline over 1 year	-18.29%	-8.90%	-9.39%
Max Drawdown (3Y) Largest decline over 3 years	-29.01%	-18.69%	-10.32%
Max Drawdown (5Y) Largest decline over 5 years	-45.34%	-24.52%	-20.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-2.17%	-1.74%	-0.43%
Average Drawdown Average peak-to-trough decline	-17.69%	-3.68%	-14.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.45%	1.98%	+3.47%

Volatility

ATFV vs. VOO - Volatility Comparison

Alger 35 ETF (ATFV) has a higher volatility of 10.78% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that ATFV'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

	ATFV	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.78%	4.60%	+6.18%
Volatility (6M) Calculated over the trailing 6-month period	19.20%	9.73%	+9.47%
Volatility (1Y) Calculated over the trailing 1-year period	24.65%	12.39%	+12.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.90%	16.90%	+10.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.72%	18.05%	+8.67%

ATFV vs. VOO - Expense Ratio Comparison

ATFV has a 0.55% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

ATFV vs. VOO - Dividend Comparison

ATFV's dividend yield for the trailing twelve months is around 0.17%, less than VOO's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATFV Alger 35 ETF	0.17%	0.20%	0.16%	0.01%	0.06%	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

Can I hold both ATFV and VOO in my portfolio?

ATFV and VOO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATFV or VOO?

ATFV has higher volatility (10.78%) compared to VOO (4.60%). In terms of maximum drawdown, ATFV dropped -45.34% vs VOO's -33.99%.

Which ETF is better, ATFV or VOO?

On 5-year performance, ATFV leads with 14.28% vs 13.58% for VOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ATFV or VOO?

Over the 5-year period, ATFV has performed better with a 14.28% return vs 13.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ATFV or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.55% for ATFV.

Which ETF pays a higher dividend yield, ATFV or VOO?

VOO has the higher dividend yield at 1.04%, compared with 0.17% for ATFV.

What is the main difference between ATFV and VOO?

ATFV is categorized as Large Cap Growth Equities, while VOO is S&P 500. ATFV tracks S&P 500, while VOO tracks S&P 500 Index. They also come from different issuers: Alger Group Holdings LLC and Vanguard. Their fees differ too: 0.55% for ATFV and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.17 vs 1.94), 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.