LEVI vs. VOO

Last updated Jun 4, 2026

LEVI (Levi Strauss & Co.) 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, LEVI returned -0.23%/yr vs 13.90%/yr for VOO. At a 0.47 correlation, their price movements are largely independent.

Performance

LEVI vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Levi Strauss & Co. (LEVI) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LEVI having a 10.45% return and VOO slightly higher at 10.91%.

LEVI

• 1D: -1.05%
• 1M: 2.40%
• YTD: 10.45%
• 6M: 2.08%
• 1Y: 36.08%
• 3Y*: 22.22%
• 5Y*: -0.23%
• 10Y*: —

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

LEVI vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LEVI Levi Strauss & Co.	10.45%	23.42%	7.50%	9.99%	-36.47%	25.91%	5.18%	-13.25%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	14.83%

Correlation

The correlation between LEVI and VOO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019	0.47

The correlation between LEVI and VOO shifts across timeframes, from 0.41 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LEVI vs. VOO — Risk / Return Rank

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

LEVI

LEVI Risk / Return Rank: 68
LEVI Sharpe Ratio Rank: 71
LEVI Sortino Ratio Rank: 67
LEVI Omega Ratio Rank: 66
LEVI Calmar Ratio Rank: 67
LEVI Martin Ratio Rank: 66

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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.

LEVI vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Levi Strauss & Co. (LEVI) 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.

	LEVI	VOO	Difference
Sharpe ratio Return per unit of total volatility	1.01	2.39	-1.38
Sortino ratio Return per unit of downside risk	1.63	3.25	-1.63
Omega ratio Gain probability vs. loss probability	1.21	1.43	-0.23
Calmar ratio Return relative to maximum drawdown	1.37	3.16	-1.79
Martin ratio Return relative to average drawdown	3.09	14.73	-11.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEVI vs. VOO - Sharpe Ratio Comparison

The current LEVI Sharpe Ratio is 1.01, which is lower than the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of LEVI 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

	LEVI	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	2.39	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.83	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.89	-0.83

Drawdowns

LEVI vs. VOO - Drawdown Comparison

The maximum LEVI drawdown since its inception was -59.85%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for LEVI and VOO.

Drawdown Indicators

	LEVI	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-59.85%	-33.99%	-25.86%
Max Drawdown (1Y) Largest decline over 1 year	-26.40%	-8.90%	-17.50%
Max Drawdown (3Y) Largest decline over 3 years	-47.47%	-18.69%	-28.78%
Max Drawdown (5Y) Largest decline over 5 years	-54.74%	-24.52%	-30.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-15.23%	-0.70%	-14.53%
Average Drawdown Average peak-to-trough decline	-30.17%	-3.69%	-26.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.70%	1.91%	+9.79%

Volatility

LEVI vs. VOO - Volatility Comparison

Levi Strauss & Co. (LEVI) has a higher volatility of 9.08% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that LEVI'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

	LEVI	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.08%	2.84%	+6.24%
Volatility (6M) Calculated over the trailing 6-month period	24.63%	8.90%	+15.73%
Volatility (1Y) Calculated over the trailing 1-year period	35.85%	11.80%	+24.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.57%	16.81%	+22.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.52%	18.01%	+25.51%

Dividends

LEVI vs. VOO - Dividend Comparison

LEVI's dividend yield for the trailing twelve months is around 2.48%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LEVI Levi Strauss & Co.	2.48%	2.60%	2.89%	2.90%	2.84%	1.04%	0.80%	0.78%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	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 LEVI and VOO in my portfolio?

LEVI and VOO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEVI or VOO?

LEVI has higher volatility (9.08%) compared to VOO (2.84%). In terms of maximum drawdown, LEVI dropped -59.85% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 vs 1.01), 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.