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 -5.24%/yr vs 19.42%/yr for VOO. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
CION vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, CION achieves a -32.19% return, which is significantly lower than VOO's 10.16% return.
CION
- 1D
- 0.85%
- 1M
- -5.27%
- 6M
- -30.22%
- YTD
- -32.19%
- 1Y
- -26.89%
- 3Y*
- -5.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.87%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.67M | $3.09M | $3.71M | |
| $3.82B | $3.78B | $5.44B |
CION vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CION CION Investment Corporation | -32.19% | -2.26% | 14.82% | 35.42% | -14.80% | 3.97% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 11.15% |
Correlation
The correlation between CION and VOO is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.44 |
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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 | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.28 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 2.21 | -2.96 |
| Martin ratioReturn relative to average drawdown | -1.38 | 9.44 | -10.81 |
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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 | -36.25% | -8.90% | -27.35% |
Max Drawdown (3Y)Largest decline over 3 years | -40.30% | -18.69% | -21.61% |
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 | -39.80% | -1.38% | -38.42% |
Average DrawdownAverage peak-to-trough decline | -15.79% | -3.67% | -12.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.80% | 2.08% | +17.72% |
Volatility
CION vs. VOO - Volatility Comparison
CION Investment Corporation (CION) has a higher volatility of 8.29% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. 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 | 8.29% | 3.54% | +4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 24.62% | 10.10% | +14.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.38% | 12.82% | +16.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.80% | 16.93% | +12.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.80% | 18.01% | +11.79% |
Dividends
CION vs. VOO - Dividend Comparison
CION's dividend yield for the trailing twelve months is around 23.83%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CION CION Investment Corporation | 23.83% | 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 | 1.07% | 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
CION and VOO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CION has higher volatility (8.29%) compared to VOO (3.54%). In terms of maximum drawdown, CION dropped -45.39% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 vs -0.93), 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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