GVLU vs. VOO

Last updated Jun 23, 2026

GVLU (Gotham 1000 Value ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - GVLU is a Mid Cap Value Equities fund actively managed by Gotham, while VOO is a S&P 500 fund tracking the S&P 500 Index. GVLU is actively managed, while VOO is passively managed. Over the past 3 years, GVLU returned 14.96%/yr vs 21.36%/yr for VOO. A 0.74 correlation means they provide meaningful diversification when combined. GVLU charges 0.51%/yr vs 0.03%/yr for VOO.

Performance

GVLU vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham 1000 Value ETF (GVLU) 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, GVLU achieves a 5.48% return, which is significantly lower than VOO's 9.75% return.

GVLU

• 1D: -0.22%
• 1M: -1.36%
• YTD: 5.48%
• 6M: 4.01%
• 1Y: 17.15%
• 3Y*: 14.96%
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.29%
• 1M: 0.08%
• YTD: 9.75%
• 6M: 9.30%
• 1Y: 26.77%
• 3Y*: 21.36%
• 5Y*: 13.58%
• 10Y*: 15.77%

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

GVLU vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GVLU Gotham 1000 Value ETF	5.48%	11.24%	11.09%	18.02%	-4.22%
VOO Vanguard S&P 500 ETF	9.75%	17.82%	24.98%	26.32%	-6.84%

Correlation

The correlation between GVLU and VOO is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022	0.74

The correlation between GVLU and VOO shifts across timeframes, from 0.58 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

GVLU vs. VOO - Sectors Allocation Comparison

Sectors	GVLU	VOO
Consumer Cyclical	17.3%	9.8%
Technology	16.6%	39.1%
Financial Services	14.9%	10.9%
Healthcare	11.9%	8.3%
Industrials	10.2%	7.6%
Consumer Defensive	9.2%	4.5%
Energy	8.9%	3.2%
Basic Materials	6.5%	1.7%
Communication Services	3.4%	10.5%
Real Estate	0.7%	1.8%
Utilities	0.4%	2.5%

Return for Risk

GVLU vs. VOO — Risk / Return Rank

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

GVLU

GVLU Risk / Return Rank: 39
GVLU Sharpe Ratio Rank: 37
GVLU Sortino Ratio Rank: 40
GVLU Omega Ratio Rank: 34
GVLU Calmar Ratio Rank: 44
GVLU Martin Ratio Rank: 43

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 70
VOO Sortino Ratio Rank: 67
VOO Omega Ratio Rank: 69
VOO Calmar Ratio Rank: 63
VOO Martin Ratio Rank: 74

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.

GVLU vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham 1000 Value ETF (GVLU) 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.

	GVLU	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.28	2.17	-0.89
Sortino ratio: Return per unit of downside risk	1.99	2.93	-0.94
Omega ratio: Gain probability vs. loss probability	1.22	1.39	-0.17
Calmar ratio: Return relative to maximum drawdown	2.12	3.02	-0.91
Martin ratio: Return relative to average drawdown	6.78	13.58	-6.80

GVLU vs. VOO - Sharpe Ratio Comparison

The current GVLU Sharpe Ratio is 1.28, which is lower than the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of GVLU 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

GVLU vs. VOO - Drawdown Comparison

The maximum GVLU drawdown since its inception was -20.82%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GVLU and VOO.

Drawdown Indicators

	GVLU	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-20.82%	-33.99%	+13.17%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-8.90%	+0.76%
Max Drawdown (3Y) Largest decline over 3 years	-20.82%	-18.69%	-2.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-2.91%	-1.74%	-1.17%
Average Drawdown Average peak-to-trough decline	-4.14%	-3.68%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	1.98%	+0.56%

Volatility

GVLU vs. VOO - Volatility Comparison

The current volatility for Gotham 1000 Value ETF (GVLU) is 3.23%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.60%. This indicates that GVLU experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVLU	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	4.60%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	9.11%	9.73%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	12.39%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.73%	16.90%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.73%	18.05%	-0.32%

GVLU vs. VOO - Expense Ratio Comparison

GVLU has a 0.51% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

GVLU vs. VOO - Dividend Comparison

GVLU's dividend yield for the trailing twelve months is around 6.10%, more than VOO's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GVLU Gotham 1000 Value ETF	6.10%	6.44%	2.88%	1.62%	0.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.04%	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 GVLU and VOO in my portfolio?

GVLU and VOO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GVLU or VOO?

VOO has higher volatility (4.60%) compared to GVLU (3.23%). In terms of maximum drawdown, GVLU dropped -20.82% vs VOO's -33.99%.

Which ETF is better, GVLU or VOO?

On 3-year performance, VOO leads with 21.36% vs 14.96% for GVLU. On fees, VOO is cheaper at 0.03% per year. On volatility, GVLU has been the lower-risk option at 3.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GVLU or VOO?

Over the 3-year period, VOO has performed better with a 21.36% return vs 14.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GVLU or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.51% for GVLU.

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

GVLU has the higher dividend yield at 6.10%, compared with 1.04% for VOO.

What is the main difference between GVLU and VOO?

GVLU is categorized as Mid Cap Value Equities, while VOO is S&P 500. They also come from different issuers: Gotham and Vanguard. Their fees differ too: 0.51% for GVLU and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.17 vs 1.28), 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.