MORN vs. VOOG

Last updated Jul 14, 2026

MORN (Morningstar, Inc.) is a stock, while VOOG (Vanguard S&P 500 Growth ETF) is S&P 500 fund tracking the S&P 500 Growth Index. Over the past 10 years, MORN returned 8.42%/yr vs 17.54%/yr for VOOG. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

MORN vs. VOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morningstar, Inc. (MORN) and Vanguard S&P 500 Growth ETF (VOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MORN achieves a -19.47% return, which is significantly lower than VOOG's 10.97% return. Over the past 10 years, MORN has underperformed VOOG with an annualized return of 8.42%, while VOOG has yielded a comparatively higher 17.54% annualized return.

MORN

• 1D: 5.07%
• 1M: -0.65%
• 6M: -20.10%
• YTD: -19.47%
• 1Y: -40.33%
• 3Y*: -5.33%
• 5Y*: -6.32%
• 10Y*: 8.42%

VOOG

• 1D: -1.55%
• 1M: 1.18%
• 6M: 9.32%
• YTD: 10.97%
• 1Y: 23.89%
• 3Y*: 25.02%
• 5Y*: 13.53%
• 10Y*: 17.54%

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

MORN vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MORN Morningstar, Inc.	-19.47%	-35.05%	18.29%	33.10%	-36.31%	48.23%	54.54%	38.93%	14.34%	33.38%
VOOG Vanguard S&P 500 Growth ETF	10.97%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%

Correlation

The correlation between MORN and VOOG is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.51

The correlation between MORN and VOOG shifts across timeframes, from -0.01 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MORN vs. VOOG — Risk / Return Rank

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

MORN

MORN Risk / Return Rank: 9
MORN Sharpe Ratio Rank: 4
MORN Sortino Ratio Rank: 6
MORN Omega Ratio Rank: 7
MORN Calmar Ratio Rank: 13
MORN Martin Ratio Rank: 13

VOOG

VOOG Risk / Return Rank: 48
VOOG Sharpe Ratio Rank: 51
VOOG Sortino Ratio Rank: 49
VOOG Omega Ratio Rank: 48
VOOG Calmar Ratio Rank: 43
VOOG Martin Ratio Rank: 50

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.

MORN vs. VOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morningstar, Inc. (MORN) and Vanguard S&P 500 Growth ETF (VOOG). 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	VOOG	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	1.39	-2.45
Sortino ratio: Return per unit of downside risk	-1.52	1.95	-3.47
Omega ratio: Gain probability vs. loss probability	0.81	1.25	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.79	1.75	-2.54
Martin ratio: Return relative to average drawdown	-1.27	6.71	-7.98

MORN vs. VOOG - Sharpe Ratio Comparison

The current MORN Sharpe Ratio is -1.06, which is lower than the VOOG Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of MORN and VOOG, 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

MORN vs. VOOG - Drawdown Comparison

The maximum MORN drawdown since its inception was -67.92%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for MORN and VOOG.

Drawdown Indicators

	MORN	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-67.92%	-32.73%	-35.19%
Max Drawdown (1Y) Largest decline over 1 year	-51.44%	-13.71%	-37.73%
Max Drawdown (3Y) Largest decline over 3 years	-60.00%	-22.18%	-37.82%
Max Drawdown (5Y) Largest decline over 5 years	-60.00%	-32.73%	-27.27%
Max Drawdown (10Y) Largest decline over 10 years	-60.00%	-32.73%	-27.27%
Current Drawdown Current decline from peak	-50.91%	-3.52%	-47.39%
Average Drawdown Average peak-to-trough decline	-18.49%	-4.96%	-13.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.81%	3.57%	+28.24%

Volatility

MORN vs. VOOG - Volatility Comparison

Morningstar, Inc. (MORN) has a higher volatility of 17.76% compared to Vanguard S&P 500 Growth ETF (VOOG) at 6.38%. This indicates that MORN's price experiences larger fluctuations and is considered to be riskier than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MORN	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.76%	6.38%	+11.38%
Volatility (6M) Calculated over the trailing 6-month period	34.70%	14.21%	+20.49%
Volatility (1Y) Calculated over the trailing 1-year period	38.21%	17.26%	+20.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.59%	21.43%	+10.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.22%	20.81%	+7.41%

Dividends

MORN vs. VOOG - Dividend Comparison

MORN's dividend yield for the trailing twelve months is around 1.13%, more than VOOG's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MORN Morningstar, Inc.	1.13%	0.84%	0.48%	0.52%	0.66%	0.28%	0.65%	0.74%	0.91%	0.95%	1.20%	0.95%
VOOG Vanguard S&P 500 Growth ETF	0.46%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both MORN and VOOG in my portfolio?

MORN and VOOG have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MORN or VOOG?

MORN has higher volatility (17.76%) compared to VOOG (6.38%). In terms of maximum drawdown, MORN dropped -67.92% vs VOOG's -32.73%.

Which has better risk-adjusted returns?

VOOG currently has the higher Sharpe Ratio (1.39 vs -1.06), 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.