EAOA vs. VOO

Last updated Jun 3, 2026

EAOA (iShares ESG Aware Aggressive Allocation ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - EAOA is a Diversified Portfolio fund tracking the BlackRock ESG Aware Aggressive Allocation Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, EAOA returned 8.85%/yr vs 14.26%/yr for VOO. With a 0.95 correlation, they move nearly in lockstep. EAOA charges 0.18%/yr vs 0.03%/yr for VOO.

Performance

EAOA vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Aware Aggressive Allocation ETF (EAOA) 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, EAOA achieves a 10.71% return, which is significantly lower than VOO's 11.69% return.

EAOA

• 1D: 0.38%
• 1M: 4.64%
• YTD: 10.71%
• 6M: 11.62%
• 1Y: 25.70%
• 3Y*: 17.47%
• 5Y*: 8.85%
• 10Y*: —

VOO

• 1D: 0.14%
• 1M: 5.39%
• YTD: 11.69%
• 6M: 12.11%
• 1Y: 29.68%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.65%

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

EAOA vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EAOA iShares ESG Aware Aggressive Allocation ETF	10.71%	18.41%	13.79%	18.27%	-17.76%	14.52%	19.79%
VOO Vanguard S&P 500 ETF	11.69%	17.82%	24.98%	26.32%	-18.17%	28.79%	21.53%

Correlation

The correlation between EAOA and VOO is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.96

The correlation between EAOA and VOO has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

EAOA vs. VOO - Sectors Allocation Comparison

Sectors	EAOA	VOO
Technology	28.9%	35.7%
Financial Services	13.5%	11.6%
Industrials	9.0%	8.3%
Consumer Cyclical	7.7%	10.2%
Communication Services	7.3%	11.3%
Healthcare	6.8%	8.5%
Consumer Defensive	3.7%	4.9%
Energy	3.0%	3.5%
Basic Materials	2.4%	1.8%
Utilities	2.3%	2.4%
Real Estate	1.6%	1.9%

Return for Risk

EAOA vs. VOO — Risk / Return Rank

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

EAOA

EAOA Risk / Return Rank: 71
EAOA Sharpe Ratio Rank: 72
EAOA Sortino Ratio Rank: 74
EAOA Omega Ratio Rank: 72
EAOA Calmar Ratio Rank: 63
EAOA Martin Ratio Rank: 74

VOO

VOO Risk / Return Rank: 75
VOO Sharpe Ratio Rank: 77
VOO Sortino Ratio Rank: 75
VOO Omega Ratio Rank: 76
VOO Calmar Ratio Rank: 68
VOO Martin Ratio Rank: 80

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.

EAOA vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Aggressive Allocation ETF (EAOA) 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.

	EAOA	VOO	Difference
Sharpe ratio Return per unit of total volatility	2.41	2.53	-0.12
Sortino ratio Return per unit of downside risk	3.38	3.43	-0.05
Omega ratio Gain probability vs. loss probability	1.44	1.46	-0.02
Calmar ratio Return relative to maximum drawdown	3.20	3.42	-0.22
Martin ratio Return relative to average drawdown	14.21	15.95	-1.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EAOA vs. VOO - Sharpe Ratio Comparison

The current EAOA Sharpe Ratio is 2.41, which is comparable to the VOO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of EAOA 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

	EAOA	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.53	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.85	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.89	+0.05

Drawdowns

EAOA vs. VOO - Drawdown Comparison

The maximum EAOA drawdown since its inception was -25.06%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EAOA and VOO.

Drawdown Indicators

	EAOA	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-25.06%	-33.99%	+8.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.17%	-8.90%	+0.73%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-18.69%	+4.85%
Max Drawdown (5Y) Largest decline over 5 years	-25.06%	-24.52%	-0.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.31%	-3.69%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.91%	-0.07%

Volatility

EAOA vs. VOO - Volatility Comparison

iShares ESG Aware Aggressive Allocation ETF (EAOA) has a higher volatility of 3.33% compared to Vanguard S&P 500 ETF (VOO) at 2.74%. This indicates that EAOA'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

	EAOA	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	2.74%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	8.88%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	10.72%	11.78%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.24%	16.81%	-3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.14%	18.01%	-4.87%

EAOA vs. VOO - Expense Ratio Comparison

EAOA has a 0.18% 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

EAOA vs. VOO - Dividend Comparison

EAOA's dividend yield for the trailing twelve months is around 1.94%, more than VOO's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EAOA iShares ESG Aware Aggressive Allocation ETF	1.94%	2.10%	2.09%	2.21%	1.93%	1.48%	1.12%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.02%	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 EAOA and VOO in my portfolio?

With a correlation of 0.96, EAOA and VOO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EAOA or VOO?

EAOA has higher volatility (3.33%) compared to VOO (2.74%). In terms of maximum drawdown, EAOA dropped -25.06% vs VOO's -33.99%.

Which ETF is better, EAOA or VOO?

On 5-year performance, VOO leads with 14.26% vs 8.85% for EAOA. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EAOA or VOO?

Over the 5-year period, VOO has performed better with a 14.26% return vs 8.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EAOA or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.18% for EAOA.

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

EAOA has the higher dividend yield at 1.94%, compared with 1.02% for VOO.

What is the main difference between EAOA and VOO?

EAOA is categorized as Diversified Portfolio, while VOO is S&P 500. EAOA tracks BlackRock ESG Aware Aggressive Allocation Index, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for EAOA and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.53 vs 2.41), 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.