IP vs. VOO
IP (International Paper Company) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, IP returned 4.17%/yr vs 15.60%/yr for VOO. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
IP vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, IP achieves a -0.33% return, which is significantly lower than VOO's 8.08% return. Over the past 10 years, IP has underperformed VOO with an annualized return of 4.17%, while VOO has yielded a comparatively higher 15.60% annualized return.
IP
- 1D
- 4.76%
- 1M
- 22.40%
- YTD
- -0.33%
- 6M
- -0.28%
- 1Y
- -13.86%
- 3Y*
- 12.71%
- 5Y*
- -3.61%
- 10Y*
- 4.17%
VOO
- 1D
- -0.10%
- 1M
- -1.44%
- YTD
- 8.08%
- 6M
- 6.78%
- 1Y
- 22.23%
- 3Y*
- 20.75%
- 5Y*
- 13.02%
- 10Y*
- 15.60%
IP vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | -0.33% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
VOO Vanguard S&P 500 ETF | 8.08% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between IP and VOO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.56 |
Over the past year, the correlation between IP and VOO has dropped to 0.31 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
IP vs. VOO — Risk / Return Rank
IP
VOO
IP vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) 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.
| IP | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.33 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 2.51 | -2.81 |
| Martin ratioReturn relative to average drawdown | -0.54 | 11.16 | -11.70 |
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Drawdowns
IP vs. VOO - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IP and VOO.
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Drawdown Indicators
| IP | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -33.99% | -56.63% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -8.90% | -36.62% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -18.69% | -29.92% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -24.52% | -24.09% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -33.99% | -21.28% |
Current DrawdownCurrent decline from peak | -32.01% | -3.23% | -28.78% |
Average DrawdownAverage peak-to-trough decline | -20.90% | -3.68% | -17.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.85% | 2.00% | +23.85% |
Volatility
IP vs. VOO - Volatility Comparison
International Paper Company (IP) has a higher volatility of 14.15% compared to Vanguard S&P 500 ETF (VOO) at 4.80%. This indicates that IP'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
| IP | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.15% | 4.80% | +9.35% |
Volatility (6M)Calculated over the trailing 6-month period | 33.33% | 9.79% | +23.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.82% | 12.43% | +30.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.87% | 16.91% | +15.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.36% | 18.02% | +14.34% |
Dividends
IP vs. VOO - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 4.83%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 4.83% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
VOO Vanguard S&P 500 ETF | 1.05% | 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
IP and VOO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (14.15%) compared to VOO (4.80%). In terms of maximum drawdown, IP dropped -90.62% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.80 vs -0.33), 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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