ENVX vs. VOO
ENVX (Enovix Corp) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, ENVX returned -21.22%/yr vs 13.31%/yr for VOO. At a 0.49 correlation, their price movements are largely independent.
Performance
ENVX vs. VOO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ENVX achieves a -35.70% return, which is significantly lower than VOO's 10.72% return.
ENVX
- 1D
- -8.02%
- 1M
- -29.11%
- 6M
- -39.90%
- YTD
- -35.70%
- 1Y
- -64.43%
- 3Y*
- -36.93%
- 5Y*
- -21.22%
- 10Y*
- —
VOO
- 1D
- -0.53%
- 1M
- 0.35%
- 6M
- 9.07%
- YTD
- 10.72%
- 1Y
- 21.71%
- 3Y*
- 20.11%
- 5Y*
- 13.31%
- 10Y*
- 15.15%
ENVX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ENVX Enovix Corp | -35.70% | -23.14% | -13.18% | 0.64% | -54.40% | 26.88% |
VOO Vanguard S&P 500 ETF | 10.72% | 17.82% | 24.98% | 26.32% | -18.17% | 9.63% |
Correlation
The correlation between ENVX and VOO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.49 |
The correlation between ENVX and VOO has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ENVX vs. VOO — Risk / Return Rank
ENVX
VOO
ENVX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enovix Corp (ENVX) 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.
| ENVX | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.32 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.45 | -3.37 |
| Martin ratioReturn relative to average drawdown | -1.26 | 10.68 | -11.94 |
Loading charts...
Drawdowns
ENVX vs. VOO - Drawdown Comparison
The maximum ENVX drawdown since its inception was -85.00%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ENVX and VOO.
Loading charts...
Drawdown Indicators
| ENVX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.00% | -33.99% | -51.01% |
Max Drawdown (1Y)Largest decline over 1 year | -70.50% | -8.90% | -61.60% |
Max Drawdown (3Y)Largest decline over 3 years | -75.82% | -18.69% | -57.13% |
Max Drawdown (5Y)Largest decline over 5 years | -85.00% | -24.52% | -60.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -85.00% | -0.88% | -84.12% |
Average DrawdownAverage peak-to-trough decline | -63.29% | -3.67% | -59.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.15% | 2.04% | +49.11% |
Volatility
ENVX vs. VOO - Volatility Comparison
Enovix Corp (ENVX) has a higher volatility of 24.48% compared to Vanguard S&P 500 ETF (VOO) at 3.48%. This indicates that ENVX'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.
Loading charts...
Volatility by Period
| ENVX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.48% | 3.48% | +21.00% |
Volatility (6M)Calculated over the trailing 6-month period | 59.78% | 9.98% | +49.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.41% | 12.52% | +73.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.49% | 16.92% | +76.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.75% | 17.99% | +75.76% |
Dividends
ENVX vs. VOO - Dividend Comparison
ENVX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENVX Enovix Corp | 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 | 1.06% | 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
ENVX and VOO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENVX has higher volatility (24.48%) compared to VOO (3.48%). In terms of maximum drawdown, ENVX dropped -85.00% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.74 vs -0.75), 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.
Find the right allocation for ENVX and VOO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer