BERZ vs. VOOG

Last updated Aug 6, 2026

BERZ (MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN) and VOOG (Vanguard S&P 500 Growth ETF) are both exchange-traded funds - BERZ is a Inverse Equities fund tracking the Solactive FANG Innovation Index, while VOOG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 3 years, BERZ returned -74.58%/yr vs 26.83%/yr for VOOG. Their -0.92 correlation means they have often moved in opposite directions in the past. BERZ charges 0.95%/yr vs 0.07%/yr for VOOG.

Performance

BERZ vs. VOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and Vanguard S&P 500 Growth ETF (VOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BERZ achieves a -61.34% return, which is significantly lower than VOOG's 14.84% return.

BERZ

• 1D: 4.13%
• 1M: -7.94%
• 6M: -66.38%
• YTD: -61.34%
• 1Y: -79.59%
• 3Y*: -74.58%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -66.47%

VOOG

• 1D: -0.19%
• 1M: 3.00%
• 6M: 17.86%
• YTD: 14.84%
• 1Y: 25.58%
• 3Y*: 26.83%
• 5Y*: 13.97%
• 10Y*: 17.71%
• ALL TIME*: 16.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN	$2.42M	$1.78M	$2.10M
VOOG Vanguard S&P 500 Growth ETF	$115.42M	$109.72M	$129.43M

BERZ vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN	-61.34%	-78.81%	-65.95%	-89.12%	102.85%	-28.36%
VOOG Vanguard S&P 500 Growth ETF	14.84%	22.11%	35.89%	29.96%	-29.48%	10.09%

Correlation

The correlation between BERZ and VOOG is -0.90, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.90
Correlation (3Y) Balances recent behavior with more history.	-0.91
Correlation (All Time) Calculated using the full available price history since Aug 18, 2021	-0.92

The correlation between BERZ and VOOG has been stable across timeframes, ranging from -0.92 to -0.90 - a consistent structural relationship.

BERZ vs. VOOG - Sectors Allocation Comparison

Sectors	BERZ	VOOG
Technology	65.0%	52.4%
Communication Services	20.9%	15.6%
Consumer Cyclical	14.2%	8.6%
Financial Services	13.3%	8.6%
Basic Materials	-	0.3%
Consumer Defensive	-	1.0%
Energy	-	0.1%
Healthcare	-	6.2%
Industrials	-	6.4%
Real Estate	-	0.6%
Utilities	-	0.4%

Return for Risk

BERZ vs. VOOG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BERZ

BERZ Risk / Return Rank: 1
BERZ Sharpe Ratio Rank: 2
BERZ Sortino Ratio Rank: 1
BERZ Omega Ratio Rank: 1
BERZ Calmar Ratio Rank: 1
BERZ Martin Ratio Rank: 1

VOOG

VOOG Risk / Return Rank: 49
VOOG Sharpe Ratio Rank: 50
VOOG Sortino Ratio Rank: 49
VOOG Omega Ratio Rank: 47
VOOG Calmar Ratio Rank: 45
VOOG Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BERZ vs. VOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and Vanguard S&P 500 Growth ETF (VOOG). 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.

	BERZ	VOOG	Difference
Sharpe ratio: Return per unit of total volatility	-0.90	1.42	-2.33
Sortino ratio: Return per unit of downside risk	-1.84	2.01	-3.85
Omega ratio: Gain probability vs. loss probability	0.80	1.25	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.97	1.87	-2.84
Martin ratio: Return relative to average drawdown	-1.51	6.79	-8.30

BERZ vs. VOOG - Sharpe Ratio Comparison

The current BERZ Sharpe Ratio is -0.90, which is lower than the VOOG Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of BERZ and VOOG, 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

BERZ vs. VOOG - Drawdown Comparison

The maximum BERZ drawdown since its inception was -99.80%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for BERZ and VOOG.

Drawdown Indicators

	BERZ	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-99.80%	-32.73%	-67.07%
Max Drawdown (1Y) Largest decline over 1 year	-82.07%	-13.71%	-68.36%
Max Drawdown (3Y) Largest decline over 3 years	-98.87%	-22.18%	-76.69%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.73%	—
Current Drawdown Current decline from peak	-99.77%	-0.19%	-99.58%
Average Drawdown Average peak-to-trough decline	-72.48%	-4.96%	-67.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.65%	3.77%	+49.88%

Volatility

BERZ vs. VOOG - Volatility Comparison

MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 37.85% compared to Vanguard S&P 500 Growth ETF (VOOG) at 6.65%. This indicates that BERZ's price experiences larger fluctuations and is considered to be riskier than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BERZ	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.85%	6.65%	+31.20%
Volatility (6M) Calculated over the trailing 6-month period	72.82%	15.00%	+57.82%
Volatility (1Y) Calculated over the trailing 1-year period	88.13%	18.06%	+70.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.29%	21.57%	+71.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.29%	20.90%	+72.39%

BERZ vs. VOOG - Expense Ratio Comparison

BERZ has a 0.95% expense ratio, which is higher than VOOG's 0.07% expense ratio.

Dividends

BERZ vs. VOOG - Dividend Comparison

BERZ has not paid dividends to shareholders, while VOOG's dividend yield for the trailing twelve months is around 0.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOOG Vanguard S&P 500 Growth ETF	0.44%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both BERZ and VOOG in my portfolio?

BERZ and VOOG have a correlation of -0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BERZ or VOOG?

BERZ has higher volatility (37.85%) compared to VOOG (6.65%). In terms of maximum drawdown, BERZ dropped -99.80% vs VOOG's -32.73%.

Which ETF is better, BERZ or VOOG?

On 3-year performance, VOOG leads with 26.83% vs -74.58% for BERZ. On fees, VOOG is cheaper at 0.07% per year. On volatility, VOOG has been the lower-risk option at 6.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BERZ or VOOG?

Over the 3-year period, VOOG has performed better with a 26.83% return vs -74.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BERZ or VOOG?

VOOG is cheaper with a 0.07% expense ratio, compared with 0.95% for BERZ.

Which ETF pays a higher dividend yield, BERZ or VOOG?

VOOG has the higher dividend yield at 0.44%, compared with 0.00% for BERZ.

What is the main difference between BERZ and VOOG?

BERZ is categorized as Inverse Equities, while VOOG is S&P 500. BERZ tracks Solactive FANG Innovation Index, while VOOG tracks S&P 500 Growth Index. They also come from different issuers: BMO and Vanguard. Their fees differ too: 0.95% for BERZ and 0.07% for VOOG.

Which has better risk-adjusted returns?

VOOG currently has the higher Sharpe Ratio (1.42 vs -0.90), 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.