MQG.AX vs. VOOG

Last updated Jun 5, 2026

MQG.AX (Macquarie Group Limited) 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, MQG.AX returned 16.88%/yr vs 18.31%/yr for VOOG. At a 0.05 correlation, their price movements are largely independent.

Performance

MQG.AX vs. VOOG - Performance Comparison

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

Different Trading Currencies

MQG.AX is traded in AUD, while VOOG is traded in USD. To make them comparable, the VOOG values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MQG.AX achieves a 18.42% return, which is significantly higher than VOOG's 3.58% return. Over the past 10 years, MQG.AX has underperformed VOOG with an annualized return of 16.88%, while VOOG has yielded a comparatively higher 18.31% annualized return.

MQG.AX

• 1D: -1.06%
• 1M: 0.02%
• YTD: 18.42%
• 6M: 22.90%
• 1Y: 12.80%
• 3Y*: 14.47%
• 5Y*: 12.80%
• 10Y*: 16.88%

VOOG

• 1D: -2.61%
• 1M: 2.99%
• YTD: 3.58%
• 6M: 2.16%
• 1Y: 19.61%
• 3Y*: 24.21%
• 5Y*: 17.30%
• 10Y*: 18.31%

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

MQG.AX vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MQG.AX Macquarie Group Limited	18.42%	-5.28%	24.58%	14.62%	-15.65%	53.59%	3.19%	33.06%	14.21%	20.44%
VOOG Vanguard S&P 500 Growth ETF	3.58%	13.25%	49.56%	30.05%	-24.82%	39.69%	21.64%	31.54%	10.49%	17.50%

Correlation

The correlation between MQG.AX and VOOG is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010	0.05

Return for Risk

MQG.AX vs. VOOG — Risk / Return Rank

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

MQG.AX

MQG.AX Risk / Return Rank: 56
MQG.AX Sharpe Ratio Rank: 58
MQG.AX Sortino Ratio Rank: 51
MQG.AX Omega Ratio Rank: 51
MQG.AX Calmar Ratio Rank: 58
MQG.AX Martin Ratio Rank: 59

VOOG

VOOG Risk / Return Rank: 51
VOOG Sharpe Ratio Rank: 54
VOOG Sortino Ratio Rank: 51
VOOG Omega Ratio Rank: 52
VOOG Calmar Ratio Rank: 45
VOOG Martin Ratio Rank: 53

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.

MQG.AX vs. VOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Macquarie Group Limited (MQG.AX) 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.

	MQG.AX	VOOG	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.44	-0.94
Sortino ratio: Return per unit of downside risk	0.87	1.99	-1.13
Omega ratio: Gain probability vs. loss probability	1.11	1.26	-0.15
Calmar ratio: Return relative to maximum drawdown	0.77	1.15	-0.38
Martin ratio: Return relative to average drawdown	1.73	3.25	-1.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MQG.AX vs. VOOG - Sharpe Ratio Comparison

The current MQG.AX Sharpe Ratio is 0.50, which is lower than the VOOG Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of MQG.AX 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.

Sharpe Ratios by Period

	MQG.AX	VOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	1.44	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.93	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.97	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.10	-0.54

Drawdowns

MQG.AX vs. VOOG - Drawdown Comparison

The maximum MQG.AX drawdown since its inception was -81.74%, which is greater than VOOG's maximum drawdown of -29.42%. Use the drawdown chart below to compare losses from any high point for MQG.AX and VOOG.

Drawdown Indicators

	MQG.AX	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-81.74%	-29.42%	-52.32%
Max Drawdown (1Y) Largest decline over 1 year	-15.94%	-17.19%	+1.25%
Max Drawdown (3Y) Largest decline over 3 years	-29.06%	-20.94%	-8.12%
Max Drawdown (5Y) Largest decline over 5 years	-29.06%	-29.42%	+0.36%
Max Drawdown (10Y) Largest decline over 10 years	-52.55%	-29.42%	-23.13%
Current Drawdown Current decline from peak	-1.88%	-3.30%	+1.42%
Average Drawdown Average peak-to-trough decline	-17.41%	-4.70%	-12.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.10%	6.05%	+1.05%

Volatility

MQG.AX vs. VOOG - Volatility Comparison

Macquarie Group Limited (MQG.AX) has a higher volatility of 6.23% compared to Vanguard S&P 500 Growth ETF (VOOG) at 4.02%. This indicates that MQG.AX'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

	MQG.AX	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.23%	4.02%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	18.85%	10.56%	+8.29%
Volatility (1Y) Calculated over the trailing 1-year period	24.43%	13.70%	+10.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.64%	18.66%	+4.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.35%	18.91%	+6.44%

Dividends

MQG.AX vs. VOOG - Dividend Comparison

MQG.AX's dividend yield for the trailing twelve months is around 2.96%, more than VOOG's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MQG.AX Macquarie Group Limited	2.96%	3.30%	2.91%	3.84%	3.89%	2.96%	2.27%	4.43%	4.92%	4.87%	4.94%	4.35%
VOOG Vanguard S&P 500 Growth ETF	0.45%	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 MQG.AX and VOOG in my portfolio?

MQG.AX and VOOG have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.