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COLO vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

COLO vs. VOO

Last updated Aug 2, 2026
Documentation

COLO (Global X MSCI Colombia ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - COLO is a Latin America Equities fund tracking the MSCI All Colombia Select 25/50 Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, COLO returned 8.02%/yr vs 15.14%/yr for VOO. Their 0.46 correlation means their historical movements had little consistent relationship. COLO charges 0.62%/yr vs 0.03%/yr for VOO.

Performance

COLO vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Colombia ETF (COLO) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, COLO achieves a 30.91% return, which is significantly higher than VOO's 10.16% return. Over the past 10 years, COLO has underperformed VOO with an annualized return of 8.02%, while VOO has yielded a comparatively higher 15.14% annualized return.

COLO

1D
0.87%
1M
10.09%
6M
11.19%
YTD
30.91%
1Y
67.52%
3Y*
35.62%
5Y*
19.50%
10Y*
8.02%
ALL TIME*
6.09%

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

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

COLO

Global X MSCI Colombia ETF
$5.73M$6.13M$8.93M

VOO

Vanguard S&P 500 ETF
$3.82B$3.78B$5.44B

COLO vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
COLO
Global X MSCI Colombia ETF		30.91%68.88%4.68%24.92%-21.32%-11.50%-14.60%30.42%-19.88%11.88%
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 COLO and VOO is 0.42, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.42

Correlation (3Y)
Balances recent behavior with more history.

0.38

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.40

Correlation (10Y)
Provides a long-term view across more market conditions.

0.43

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.46

COLO vs. VOO - Sectors Allocation Comparison

Sectors
COLO
VOO

Financial Services

40.5%
11.4%

Utilities

19.6%
2.2%

Basic Materials

18.4%
1.7%

Energy

15.2%
3.0%

Communication Services

2.5%
9.9%

Industrials

2.0%
8.5%

Consumer Cyclical

1.7%
9.5%

Consumer Defensive

-

4.5%

Healthcare

-

8.9%

Real Estate

-

1.8%

Technology

-

38.6%

Financial Services

COLO
40.5%
VOO
11.4%

Utilities

COLO
19.6%
VOO
2.2%

Basic Materials

COLO
18.4%
VOO
1.7%

Energy

COLO
15.2%
VOO
3.0%

Communication Services

COLO
2.5%
VOO
9.9%

Industrials

COLO
2.0%
VOO
8.5%

Consumer Cyclical

COLO
1.7%
VOO
9.5%

Consumer Defensive

COLO

-

VOO
4.5%

Healthcare

COLO

-

VOO
8.9%

Real Estate

COLO

-

VOO
1.8%

Technology

COLO

-

VOO
38.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X MSCI Colombia ETF

Vanguard S&P 500 ETF

Often compared with COLO:
COLO vs. GVALCOLO vs. EWZCOLO vs. ECHCOLO vs. EPUCOLO vs. HAPCOLO vs. OTGLCOLO vs. LRCX
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. FXAIXVOO vs. SPYVOO vs. VGT

Return for Risk

COLO vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
COLO
COLO Risk / Return Rank: 9191
Overall Rank
COLO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
COLO Sortino Ratio Rank: 9494
Sortino Ratio Rank
COLO Omega Ratio Rank: 9494
Omega Ratio Rank
COLO Calmar Ratio Rank: 9090
Calmar Ratio Rank
COLO Martin Ratio Rank: 8080
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 6868
Overall Rank
VOO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6565
Sortino Ratio Rank
VOO Omega Ratio Rank: 6666
Omega Ratio Rank
VOO Calmar Ratio Rank: 6464
Calmar Ratio Rank
VOO Martin Ratio Rank: 7676
Martin Ratio Rank
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.

COLO vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Colombia ETF (COLO) 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.

COLOVOODifference
Sharpe ratioReturn per unit of total volatility
2.95
1.53

+1.41

Sortino ratioReturn per unit of downside risk
3.84
2.13

+1.71

Omega ratioGain probability vs. loss probability

1.50

1.28

+0.22

Calmar ratioReturn relative to maximum drawdown

3.87

2.21

+1.66

Martin ratioReturn relative to average drawdown

10.38

9.44

+0.94

COLO vs. VOO - Sharpe Ratio Comparison

The current COLO Sharpe Ratio is 2.95, which is higher than the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of COLO 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.

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Drawdowns

COLO vs. VOO - Drawdown Comparison

The maximum COLO drawdown since its inception was -78.91%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for COLO and VOO.

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Drawdown Indicators

COLOVOODifference

Max Drawdown

Largest peak-to-trough decline

-78.91%

-33.99%

-44.92%

Max Drawdown (1Y)

Largest decline over 1 year

-17.79%

-8.90%

-8.89%

Max Drawdown (3Y)

Largest decline over 3 years

-18.35%

-18.69%

+0.34%

Max Drawdown (5Y)

Largest decline over 5 years

-43.86%

-24.52%

-19.34%

Max Drawdown (10Y)

Largest decline over 10 years

-62.75%

-33.99%

-28.76%

Current Drawdown

Current decline from peak

-11.13%

-1.38%

-9.75%

Average Drawdown

Average peak-to-trough decline

-40.10%

-3.67%

-36.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.61%

2.08%

+4.53%

Volatility

COLO vs. VOO - Volatility Comparison

Global X MSCI Colombia ETF (COLO) has a higher volatility of 5.10% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that COLO'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

COLOVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.10%

3.54%

+1.56%

Volatility (6M)

Calculated over the trailing 6-month period

19.64%

10.10%

+9.54%

Volatility (1Y)

Calculated over the trailing 1-year period

23.36%

12.82%

+10.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.30%

16.93%

+6.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.36%

18.01%

+7.35%

COLO vs. VOO - Expense Ratio Comparison

COLO has a 0.62% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

COLO vs. VOO - Dividend Comparison

COLO's dividend yield for the trailing twelve months is around 4.29%, more than VOO's 1.07% yield.

PositionTTM20252024202320222021202020192018201720162015
COLO
Global X MSCI Colombia ETF		4.29%7.51%6.08%6.99%12.55%2.32%3.23%3.04%3.03%1.83%1.48%1.58%
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

COLO and VOO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

COLO has higher volatility (5.10%) compared to VOO (3.54%). In terms of maximum drawdown, COLO dropped -78.91% vs VOO's -33.99%.

On 10-year performance, VOO leads with 15.14% vs 8.02% for COLO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VOO has performed better with a 15.14% return vs 8.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOO is cheaper with a 0.03% expense ratio, compared with 0.62% for COLO.

COLO has the higher dividend yield at 4.29%, compared with 1.07% for VOO.

COLO is categorized as Latin America Equities, while VOO is S&P 500. COLO tracks MSCI All Colombia Select 25/50 Index, while VOO tracks S&P 500 Index. They also come from different issuers: Global X and Vanguard. Their fees differ too: 0.62% for COLO and 0.03% for VOO.

COLO currently has the higher Sharpe Ratio (2.95 vs 1.53), 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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