BRAGX vs. VOO

Last updated Aug 1, 2026

BRAGX (Bridgeway Aggressive Investors 1 Fund) and VOO (Vanguard S&P 500 ETF) are both funds - BRAGX is a Mid Cap Blend Equities fund managed by Bridgeway, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, BRAGX returned 10.39%/yr vs 15.14%/yr for VOO. Their correlation of 0.91 means they have usually moved in the same direction. BRAGX charges 0.39%/yr vs 0.03%/yr for VOO.

Performance

BRAGX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridgeway Aggressive Investors 1 Fund (BRAGX) 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, BRAGX achieves a 11.01% return, which is significantly higher than VOO's 10.16% return. Over the past 10 years, BRAGX has underperformed VOO with an annualized return of 10.39%, while VOO has yielded a comparatively higher 15.14% annualized return.

BRAGX

• 1D: 0.00%
• 1M: -0.48%
• 6M: 10.15%
• YTD: 11.01%
• 1Y: 21.52%
• 3Y*: 23.20%
• 5Y*: 10.23%
• 10Y*: 10.39%
• ALL TIME*: 11.64%

VOO

• 1D: 0.71%
• 1M: 0.26%
• 6M: 8.58%
• YTD: 10.16%
• 1Y: 21.58%
• 3Y*: 19.42%
• 5Y*: 12.83%
• 10Y*: 15.14%
• ALL TIME*: 14.78%

*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)
BRAGX Bridgeway Aggressive Investors 1 Fund	$0.00	$0.00	$0.00
VOO Vanguard S&P 500 ETF	$3.82B	$3.78B	$5.44B

BRAGX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRAGX Bridgeway Aggressive Investors 1 Fund	11.01%	18.09%	35.79%	23.13%	-22.41%	10.96%	14.35%	21.86%	-22.42%	18.44%
VOO Vanguard S&P 500 ETF	10.16%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between BRAGX and VOO is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.91

The correlation between BRAGX and VOO has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

BRAGX vs. VOO — Risk / Return Rank

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

BRAGX

BRAGX Risk / Return Rank: 55
BRAGX Sharpe Ratio Rank: 44
BRAGX Sortino Ratio Rank: 42
BRAGX Omega Ratio Rank: 40
BRAGX Calmar Ratio Rank: 74
BRAGX Martin Ratio Rank: 74

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 65
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

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.

BRAGX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridgeway Aggressive Investors 1 Fund (BRAGX) 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.

	BRAGX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.53	-0.30
Sortino ratio: Return per unit of downside risk	1.75	2.13	-0.38
Omega ratio: Gain probability vs. loss probability	1.22	1.28	-0.06
Calmar ratio: Return relative to maximum drawdown	2.38	2.21	+0.17
Martin ratio: Return relative to average drawdown	8.96	9.44	-0.48

BRAGX vs. VOO - Sharpe Ratio Comparison

The current BRAGX Sharpe Ratio is 1.24, which is comparable to the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of BRAGX 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

BRAGX vs. VOO - Drawdown Comparison

The maximum BRAGX drawdown since its inception was -67.04%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BRAGX and VOO.

Drawdown Indicators

	BRAGX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-33.99%	-33.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-8.90%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-23.53%	-18.69%	-4.84%
Max Drawdown (5Y) Largest decline over 5 years	-35.92%	-24.52%	-11.40%
Max Drawdown (10Y) Largest decline over 10 years	-46.74%	-33.99%	-12.75%
Current Drawdown Current decline from peak	-2.51%	-1.38%	-1.13%
Average Drawdown Average peak-to-trough decline	-15.90%	-3.67%	-12.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.08%	+0.06%

Volatility

BRAGX vs. VOO - Volatility Comparison

Bridgeway Aggressive Investors 1 Fund (BRAGX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.69% and 3.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRAGX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	3.54%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	11.70%	10.10%	+1.60%
Volatility (1Y) Calculated over the trailing 1-year period	15.53%	12.82%	+2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.53%	16.93%	+3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.32%	18.01%	+3.31%

BRAGX vs. VOO - Expense Ratio Comparison

BRAGX has a 0.39% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

BRAGX vs. VOO - Dividend Comparison

BRAGX's dividend yield for the trailing twelve months is around 29.23%, more than VOO's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRAGX Bridgeway Aggressive Investors 1 Fund	29.23%	18.90%	3.19%	0.88%	1.46%	1.18%	1.01%	1.30%	11.62%	0.00%	0.56%	0.05%
VOO Vanguard S&P 500 ETF	1.07%	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 BRAGX and VOO in my portfolio?

BRAGX and VOO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRAGX or VOO?

BRAGX has higher volatility (3.69%) compared to VOO (3.54%). In terms of maximum drawdown, BRAGX dropped -67.04% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.53 vs 1.24), 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.