BLV vs. VOO
Compare and contrast key facts about Vanguard Long-Term Bond ETF (BLV) and Vanguard S&P 500 ETF (VOO).
BLV and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both BLV and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLV or VOO.
Key characteristics
| BLV | VOO | |
|---|---|---|
| YTD Return | -4.90% | 10.48% |
| 1Y Return | -2.09% | 28.69% |
| 3Y Return (Ann) | -7.38% | 9.60% |
| 5Y Return (Ann) | -1.27% | 14.65% |
| 10Y Return (Ann) | 1.61% | 12.89% |
| Sharpe Ratio | -0.22 | 2.52 |
| Daily Std Dev | 13.71% | 11.57% |
| Max Drawdown | -38.29% | -33.99% |
| Current Drawdown | -29.84% | -0.06% |
Correlation
The correlation between BLV and VOO is -0.15. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BLV vs. VOO - Performance Comparison
In the year-to-date period, BLV achieves a -4.90% return, which is significantly lower than VOO's 10.48% return. Over the past 10 years, BLV has underperformed VOO with an annualized return of 1.61%, while VOO has yielded a comparatively higher 12.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BLV vs. VOO - Expense Ratio Comparison
BLV has a 0.04% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BLV vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) 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.
Dividends
BLV vs. VOO - Dividend Comparison
BLV's dividend yield for the trailing twelve months is around 4.47%, more than VOO's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 4.47% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
VOO Vanguard S&P 500 ETF | 1.33% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
BLV vs. VOO - Drawdown Comparison
The maximum BLV drawdown since its inception was -38.29%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BLV and VOO. For additional features, visit the drawdowns tool.
Volatility
BLV vs. VOO - Volatility Comparison
The current volatility for Vanguard Long-Term Bond ETF (BLV) is 2.43%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.36%. This indicates that BLV 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.