EVX vs. VOO

Last updated Aug 2, 2026

EVX (VanEck Vectors Environmental Services ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - EVX is a Industrials Equities fund tracking the NYSE Arca Environmental Services Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EVX returned 11.88%/yr vs 15.14%/yr for VOO. Their 0.62 correlation means they have sometimes moved together and sometimes differently. EVX charges 0.55%/yr vs 0.03%/yr for VOO.

Performance

EVX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Environmental Services ETF (EVX) 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, EVX achieves a 5.86% return, which is significantly lower than VOO's 10.16% return. Over the past 10 years, EVX has underperformed VOO with an annualized return of 11.88%, while VOO has yielded a comparatively higher 15.14% annualized return.

EVX

• 1D: 0.09%
• 1M: -1.93%
• 6M: -0.07%
• YTD: 5.86%
• 1Y: 6.37%
• 3Y*: 8.34%
• 5Y*: 7.41%
• 10Y*: 11.88%
• ALL TIME*: 9.24%

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

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EVX VanEck Vectors Environmental Services ETF	$226.61K	$218.18K	$309.27K
VOO Vanguard S&P 500 ETF	$3.82B	$3.78B	$5.44B

EVX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVX VanEck Vectors Environmental Services ETF	5.86%	11.72%	12.99%	12.97%	-10.58%	27.47%	13.28%	28.41%	-3.82%	16.05%
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 EVX and VOO is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.65
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.62

The correlation between EVX and VOO shifts across timeframes, from 0.46 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.

EVX vs. VOO - Sectors Allocation Comparison

Sectors	EVX	VOO
Industrials	86.5%	8.5%
Basic Materials	8.2%	1.7%
Consumer Defensive	3.9%	4.5%
Utilities	1.4%	2.2%
Communication Services	-	9.9%
Consumer Cyclical	-	9.5%
Financial Services	-	11.4%
Healthcare	-	8.9%
Real Estate	-	1.8%
Technology	-	38.6%
Energy	-0.0%	3.0%

Return for Risk

EVX vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EVX

EVX Risk / Return Rank: 18
EVX Sharpe Ratio Rank: 19
EVX Sortino Ratio Rank: 18
EVX Omega Ratio Rank: 17
EVX Calmar Ratio Rank: 19
EVX Martin Ratio Rank: 18

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 65
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

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.

EVX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Environmental Services ETF (EVX) 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.

	EVX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	0.35	1.53	-1.18
Sortino ratio: Return per unit of downside risk	0.59	2.13	-1.54
Omega ratio: Gain probability vs. loss probability	1.07	1.28	-0.21
Calmar ratio: Return relative to maximum drawdown	0.45	2.21	-1.76
Martin ratio: Return relative to average drawdown	1.00	9.44	-8.44

EVX vs. VOO - Sharpe Ratio Comparison

The current EVX Sharpe Ratio is 0.35, which is lower than the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of EVX 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.

Drawdowns

EVX vs. VOO - Drawdown Comparison

The maximum EVX drawdown since its inception was -55.91%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EVX and VOO.

Drawdown Indicators

	EVX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-55.91%	-33.99%	-21.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.85%	-8.90%	-1.95%
Max Drawdown (3Y) Largest decline over 3 years	-17.36%	-18.69%	+1.33%
Max Drawdown (5Y) Largest decline over 5 years	-21.45%	-24.52%	+3.07%
Max Drawdown (10Y) Largest decline over 10 years	-41.01%	-33.99%	-7.02%
Current Drawdown Current decline from peak	-4.37%	-1.38%	-2.99%
Average Drawdown Average peak-to-trough decline	-8.72%	-3.67%	-5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	2.08%	+2.83%

Volatility

EVX vs. VOO - Volatility Comparison

VanEck Vectors Environmental Services ETF (EVX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.43% and 3.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	3.54%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	10.04%	10.10%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	13.97%	12.82%	+1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.58%	16.93%	+0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.23%	18.01%	+2.22%

EVX vs. VOO - Expense Ratio Comparison

EVX has a 0.55% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

EVX vs. VOO - Dividend Comparison

EVX's dividend yield for the trailing twelve months is around 0.18%, less than VOO's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVX VanEck Vectors Environmental Services ETF	0.18%	0.19%	0.46%	0.95%	0.41%	0.24%	0.32%	0.38%	0.38%	0.89%	0.70%	1.16%
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

Can I hold both EVX and VOO in my portfolio?

EVX and VOO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVX or VOO?

VOO has higher volatility (3.54%) compared to EVX (3.43%). In terms of maximum drawdown, EVX dropped -55.91% vs VOO's -33.99%.

Which ETF is better, EVX or VOO?

On 10-year performance, VOO leads with 15.14% vs 11.88% for EVX. On fees, VOO is cheaper at 0.03% per year. On volatility, EVX has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVX or VOO?

Over the 10-year period, VOO has performed better with a 15.14% return vs 11.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVX or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.55% for EVX.

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

VOO has the higher dividend yield at 1.07%, compared with 0.18% for EVX.

What is the main difference between EVX and VOO?

EVX is categorized as Industrials Equities, while VOO is S&P 500. EVX tracks NYSE Arca Environmental Services Index, while VOO tracks S&P 500 Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.55% for EVX and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.53 vs 0.35), 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.