CION vs. VOO
CION (CION Investment Corporation) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, CION returned 1.14%/yr vs 21.36%/yr for VOO. At a 0.45 correlation, their price movements are largely independent.
Performance
CION vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, CION achieves a -23.99% return, which is significantly lower than VOO's 9.75% return.
CION
- 1D
- -3.36%
- 1M
- 5.10%
- YTD
- -23.99%
- 6M
- -23.03%
- 1Y
- -14.77%
- 3Y*
- 1.14%
- 5Y*
- —
- 10Y*
- —
VOO
- 1D
- -0.29%
- 1M
- 0.08%
- YTD
- 9.75%
- 6M
- 9.30%
- 1Y
- 26.77%
- 3Y*
- 21.36%
- 5Y*
- 13.58%
- 10Y*
- 15.77%
CION vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CION CION Investment Corporation | -23.99% | -2.26% | 14.82% | 35.42% | -14.80% | 3.97% |
VOO Vanguard S&P 500 ETF | 9.75% | 17.82% | 24.98% | 26.32% | -18.17% | 11.15% |
Correlation
The correlation between CION and VOO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.45 |
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Return for Risk
CION vs. VOO — Risk / Return Rank
CION
VOO
CION vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CION Investment Corporation (CION) 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.
| CION | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.39 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 3.02 | -3.46 |
| Martin ratioReturn relative to average drawdown | -0.92 | 13.58 | -14.50 |
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Drawdowns
CION vs. VOO - Drawdown Comparison
The maximum CION drawdown since its inception was -45.39%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CION and VOO.
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Drawdown Indicators
| CION | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.39% | -33.99% | -11.40% |
Max Drawdown (1Y)Largest decline over 1 year | -33.39% | -8.90% | -24.49% |
Max Drawdown (3Y)Largest decline over 3 years | -37.62% | -18.69% | -18.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -32.51% | -1.74% | -30.77% |
Average DrawdownAverage peak-to-trough decline | -15.24% | -3.68% | -11.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.12% | 1.98% | +14.14% |
Volatility
CION vs. VOO - Volatility Comparison
CION Investment Corporation (CION) has a higher volatility of 12.27% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that CION'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.
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Volatility by Period
| CION | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.27% | 4.60% | +7.67% |
Volatility (6M)Calculated over the trailing 6-month period | 24.70% | 9.73% | +14.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.99% | 12.39% | +16.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.97% | 16.90% | +13.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.97% | 18.05% | +11.92% |
Dividends
CION vs. VOO - Dividend Comparison
CION's dividend yield for the trailing twelve months is around 28.26%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CION CION Investment Corporation | 28.26% | 14.89% | 13.33% | 14.24% | 14.87% | 3.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.04% | 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
CION and VOO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CION has higher volatility (12.27%) compared to VOO (4.60%). In terms of maximum drawdown, CION dropped -45.39% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (2.17 vs -0.51), 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.
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