MORN vs. VOO
MORN (Morningstar, Inc.) 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, MORN returned 9.55%/yr vs 15.14%/yr for VOO. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
MORN vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, MORN achieves a -10.65% return, which is significantly lower than VOO's 10.16% return. Over the past 10 years, MORN has underperformed VOO with an annualized return of 9.55%, while VOO has yielded a comparatively higher 15.14% annualized return.
MORN
- 1D
- -0.28%
- 1M
- 16.40%
- 6M
- -4.14%
- YTD
- -10.65%
- 1Y
- -28.58%
- 3Y*
- -4.77%
- 5Y*
- -4.64%
- 10Y*
- 9.55%
- ALL TIME*
- 12.27%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $94.92M | $79.11M | $85.14M | |
| $3.82B | $3.78B | $5.44B |
MORN vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MORN Morningstar, Inc. | -10.65% | -35.05% | 18.29% | 33.10% | -36.31% | 48.23% | 54.54% | 38.93% | 14.34% | 33.38% |
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 MORN and VOO is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.53 |
Over the past year, the correlation between MORN and VOO has dropped to 0.03 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
MORN vs. VOO — Risk / Return Rank
MORN
VOO
MORN vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar, Inc. (MORN) 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.
| MORN | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.28 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.21 | -2.83 |
| Martin ratioReturn relative to average drawdown | -1.05 | 9.44 | -10.48 |
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Drawdowns
MORN vs. VOO - Drawdown Comparison
The maximum MORN drawdown since its inception was -67.92%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MORN and VOO.
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Drawdown Indicators
| MORN | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.92% | -33.99% | -33.93% |
Max Drawdown (1Y)Largest decline over 1 year | -47.55% | -8.90% | -38.65% |
Max Drawdown (3Y)Largest decline over 3 years | -60.00% | -18.69% | -41.31% |
Max Drawdown (5Y)Largest decline over 5 years | -60.00% | -24.52% | -35.48% |
Max Drawdown (10Y)Largest decline over 10 years | -60.00% | -33.99% | -26.01% |
Current DrawdownCurrent decline from peak | -45.53% | -1.38% | -44.15% |
Average DrawdownAverage peak-to-trough decline | -18.57% | -3.67% | -14.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.23% | 2.08% | +27.15% |
Volatility
MORN vs. VOO - Volatility Comparison
Morningstar, Inc. (MORN) has a higher volatility of 12.65% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that MORN'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
| MORN | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.65% | 3.54% | +9.11% |
Volatility (6M)Calculated over the trailing 6-month period | 35.68% | 10.10% | +25.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.45% | 12.82% | +26.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.88% | 16.93% | +14.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.42% | 18.01% | +10.41% |
Dividends
MORN vs. VOO - Dividend Comparison
MORN's dividend yield for the trailing twelve months is around 1.02%, less than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORN Morningstar, Inc. | 1.02% | 0.84% | 0.48% | 0.52% | 0.66% | 0.28% | 0.65% | 0.74% | 0.91% | 0.95% | 1.20% | 0.95% |
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
MORN and VOO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MORN has higher volatility (12.65%) compared to VOO (3.54%). In terms of maximum drawdown, MORN dropped -67.92% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 vs -0.76), 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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