BRRR vs. VOO

Last updated Jun 4, 2026

BRRR (Valkyrie Bitcoin ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - BRRR is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, BRRR returned -38.71% vs 28.04% for VOO. At a 0.40 correlation, their price movements are largely independent. BRRR charges 0.25%/yr vs 0.03%/yr for VOO.

Performance

BRRR vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Valkyrie Bitcoin ETF (BRRR) 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, BRRR achieves a -25.48% return, which is significantly lower than VOO's 10.91% return.

BRRR

• 1D: -2.74%
• 1M: -18.42%
• YTD: -25.48%
• 6M: -29.84%
• 1Y: -38.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

BRRR vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BRRR Valkyrie Bitcoin ETF	-25.48%	-6.50%	99.02%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.69%

Correlation

The correlation between BRRR and VOO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.40

Return for Risk

BRRR vs. VOO — Risk / Return Rank

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

BRRR

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

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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.

BRRR vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin ETF (BRRR) 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.

	BRRR	VOO	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	2.39	-3.28
Sortino ratio: Return per unit of downside risk	-1.23	3.25	-4.49
Omega ratio: Gain probability vs. loss probability	0.86	1.43	-0.57
Calmar ratio: Return relative to maximum drawdown	-0.79	3.16	-3.95
Martin ratio: Return relative to average drawdown	-1.36	14.73	-16.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRRR vs. VOO - Sharpe Ratio Comparison

The current BRRR Sharpe Ratio is -0.89, which is lower than the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of BRRR 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.

Sharpe Ratios by Period

	BRRR	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	2.39	-3.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.89	-0.59

Drawdowns

BRRR vs. VOO - Drawdown Comparison

The maximum BRRR drawdown since its inception was -49.35%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BRRR and VOO.

Drawdown Indicators

	BRRR	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-49.35%	-33.99%	-15.36%
Max Drawdown (1Y) Largest decline over 1 year	-49.35%	-8.90%	-40.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-48.03%	-0.70%	-47.33%
Average Drawdown Average peak-to-trough decline	-16.01%	-3.69%	-12.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.41%	1.91%	+26.50%

Volatility

BRRR vs. VOO - Volatility Comparison

Valkyrie Bitcoin ETF (BRRR) has a higher volatility of 9.46% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that BRRR'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

	BRRR	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.46%	2.84%	+6.62%
Volatility (6M) Calculated over the trailing 6-month period	34.40%	8.90%	+25.50%
Volatility (1Y) Calculated over the trailing 1-year period	43.60%	11.80%	+31.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.89%	16.81%	+33.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.89%	18.01%	+31.88%

BRRR vs. VOO - Expense Ratio Comparison

BRRR has a 0.25% 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%.

Dividends

BRRR vs. VOO - Dividend Comparison

BRRR has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRRR Valkyrie Bitcoin ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	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 BRRR and VOO in my portfolio?

BRRR and VOO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRRR or VOO?

BRRR has higher volatility (9.46%) compared to VOO (2.84%). In terms of maximum drawdown, BRRR dropped -49.35% vs VOO's -33.99%.

Which ETF is better, BRRR or VOO?

On 1-year performance, VOO leads with 28.04% vs -38.71% for BRRR. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRRR or VOO?

Over the 1-year period, VOO has performed better with a 28.04% return vs -38.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRRR or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.25% for BRRR.

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

VOO has the higher dividend yield at 1.03%, compared with 0.00% for BRRR.

What is the main difference between BRRR and VOO?

BRRR is categorized as Cryptocurrency, while VOO is S&P 500. BRRR tracks CME CF Bitcoin Reference Rate - New York Variant, while VOO tracks S&P 500 Index. They also come from different issuers: Valkyrie Digital Assets and Vanguard. Their fees differ too: 0.25% for BRRR and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 vs -0.89), 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.