AWEIX vs. VOO

Last updated Jun 24, 2026

AWEIX (CIBC Atlas Disciplined Equity Fund) and VOO (Vanguard S&P 500 ETF) are both funds - AWEIX is a Large Cap Blend Equities fund managed by CIBC Private Wealth Management, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, AWEIX returned 13.21%/yr vs 15.61%/yr for VOO. With a 0.97 correlation, they move nearly in lockstep. AWEIX charges 0.72%/yr vs 0.03%/yr for VOO.

Performance

AWEIX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CIBC Atlas Disciplined Equity Fund (AWEIX) 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, AWEIX achieves a 1.72% return, which is significantly lower than VOO's 8.19% return. Over the past 10 years, AWEIX has underperformed VOO with an annualized return of 13.21%, while VOO has yielded a comparatively higher 15.61% annualized return.

AWEIX

• 1D: -0.81%
• 1M: -1.25%
• YTD: 1.72%
• 6M: 1.11%
• 1Y: 13.03%
• 3Y*: 14.44%
• 5Y*: 8.19%
• 10Y*: 13.21%

VOO

• 1D: -1.42%
• 1M: -1.34%
• YTD: 8.19%
• 6M: 7.24%
• 1Y: 23.69%
• 3Y*: 20.78%
• 5Y*: 13.13%
• 10Y*: 15.61%

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

AWEIX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AWEIX CIBC Atlas Disciplined Equity Fund	1.72%	11.55%	19.26%	20.74%	-18.97%	25.71%	19.27%	30.63%	0.84%	20.89%
VOO Vanguard S&P 500 ETF	8.19%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between AWEIX and VOO is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.97

The correlation between AWEIX and VOO has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

AWEIX vs. VOO — Risk / Return Rank

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

AWEIX

AWEIX Risk / Return Rank: 17
AWEIX Sharpe Ratio Rank: 18
AWEIX Sortino Ratio Rank: 17
AWEIX Omega Ratio Rank: 18
AWEIX Calmar Ratio Rank: 13
AWEIX Martin Ratio Rank: 18

VOO

VOO Risk / Return Rank: 59
VOO Sharpe Ratio Rank: 59
VOO Sortino Ratio Rank: 56
VOO Omega Ratio Rank: 58
VOO Calmar Ratio Rank: 56
VOO Martin Ratio Rank: 67

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.

AWEIX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CIBC Atlas Disciplined Equity Fund (AWEIX) 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.

	AWEIX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.91	-0.77
Sortino ratio: Return per unit of downside risk	1.61	2.60	-0.99
Omega ratio: Gain probability vs. loss probability	1.21	1.35	-0.14
Calmar ratio: Return relative to maximum drawdown	1.16	2.67	-1.52
Martin ratio: Return relative to average drawdown	4.34	11.96	-7.62

AWEIX vs. VOO - Sharpe Ratio Comparison

The current AWEIX Sharpe Ratio is 1.15, which is lower than the VOO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of AWEIX 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

AWEIX vs. VOO - Drawdown Comparison

The maximum AWEIX drawdown since its inception was -51.13%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AWEIX and VOO.

Drawdown Indicators

	AWEIX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-51.13%	-33.99%	-17.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.93%	-8.90%	-3.03%
Max Drawdown (3Y) Largest decline over 3 years	-16.64%	-18.69%	+2.05%
Max Drawdown (5Y) Largest decline over 5 years	-24.38%	-24.52%	+0.14%
Max Drawdown (10Y) Largest decline over 10 years	-32.92%	-33.99%	+1.07%
Current Drawdown Current decline from peak	-2.53%	-3.14%	+0.61%
Average Drawdown Average peak-to-trough decline	-6.42%	-3.68%	-2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	1.99%	+1.19%

Volatility

AWEIX vs. VOO - Volatility Comparison

The current volatility for CIBC Atlas Disciplined Equity Fund (AWEIX) is 4.45%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that AWEIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AWEIX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	4.83%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	9.63%	9.82%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.09%	12.46%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.56%	16.91%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.82%	18.02%	-0.20%

AWEIX vs. VOO - Expense Ratio Comparison

AWEIX has a 0.72% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

AWEIX vs. VOO - Dividend Comparison

AWEIX's dividend yield for the trailing twelve months is around 14.30%, more than VOO's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWEIX CIBC Atlas Disciplined Equity Fund	14.30%	14.54%	6.39%	4.72%	4.13%	7.09%	2.52%	2.08%	8.91%	2.68%	1.49%	5.46%
VOO Vanguard S&P 500 ETF	1.05%	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 AWEIX and VOO in my portfolio?

With a correlation of 0.95, AWEIX 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.

Which is riskier, AWEIX or VOO?

VOO has higher volatility (4.83%) compared to AWEIX (4.45%). In terms of maximum drawdown, AWEIX dropped -51.13% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.91 vs 1.15), 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.