MTH vs. VOO

Last updated Apr 1, 2026

Compare and contrast key facts about Meritage Homes Corporation (MTH) and Vanguard S&P 500 ETF (VOO).

VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.

Performance

MTH vs. VOO - Performance Comparison

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

MTH vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTH Meritage Homes Corporation	-5.31%	-12.32%	-10.16%	90.53%	-24.46%	47.38%	35.53%	66.42%	-28.28%	47.13%
VOO Vanguard S&P 500 ETF	-4.42%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Returns By Period

In the year-to-date period, MTH achieves a -5.31% return, which is significantly lower than VOO's -4.42% return. Both investments have delivered pretty close results over the past 10 years, with MTH having a 13.63% annualized return and VOO not far ahead at 14.05%.

MTH

• 1D: 2.95%
• 1M: -17.39%
• YTD: -5.31%
• 6M: -13.44%
• 1Y: -10.46%
• 3Y*: 3.83%
• 5Y*: 6.80%
• 10Y*: 13.63%

VOO

• 1D: 2.86%
• 1M: -5.01%
• YTD: -4.42%
• 6M: -1.84%
• 1Y: 17.67%
• 3Y*: 18.27%
• 5Y*: 11.75%
• 10Y*: 14.05%

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

Return for Risk

MTH vs. VOO — Risk / Return Rank

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

MTH

MTH Risk / Return Rank: 29
MTH Sharpe Ratio Rank: 30
MTH Sortino Ratio Rank: 27
MTH Omega Ratio Rank: 28
MTH Calmar Ratio Rank: 31
MTH Martin Ratio Rank: 29

VOO

VOO Risk / Return Rank: 65
VOO Sharpe Ratio Rank: 59
VOO Sortino Ratio Rank: 62
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 65
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.

MTH vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meritage Homes Corporation (MTH) 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.

	MTH	VOO	Difference
Sharpe ratio Return per unit of total volatility	-0.26	0.98	-1.24
Sortino ratio Return per unit of downside risk	-0.13	1.50	-1.62
Omega ratio Gain probability vs. loss probability	0.99	1.23	-0.24
Calmar ratio Return relative to maximum drawdown	-0.35	1.53	-1.89
Martin ratio Return relative to average drawdown	-0.80	7.29	-8.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTH vs. VOO - Sharpe Ratio Comparison

The current MTH Sharpe Ratio is -0.26, which is lower than the VOO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of MTH and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MTH	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	0.98	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.70	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.78	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.83	-0.65

Correlation

The correlation between MTH and VOO is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MTH vs. VOO - Dividend Comparison

MTH's dividend yield for the trailing twelve months is around 2.86%, more than VOO's 1.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTH Meritage Homes Corporation	2.86%	2.61%	1.95%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.19%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Drawdowns

MTH vs. VOO - Drawdown Comparison

The maximum MTH drawdown since its inception was -93.22%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MTH and VOO.

Drawdown Indicators

	MTH	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-93.22%	-33.99%	-59.23%
Max Drawdown (1Y) Largest decline over 1 year	-27.68%	-11.98%	-15.70%
Max Drawdown (5Y) Largest decline over 5 years	-46.77%	-24.52%	-22.25%
Max Drawdown (10Y) Largest decline over 10 years	-64.27%	-33.99%	-30.28%
Current Drawdown Current decline from peak	-39.96%	-6.29%	-33.67%
Average Drawdown Average peak-to-trough decline	-47.64%	-3.72%	-43.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.21%	2.52%	+9.69%

Volatility

MTH vs. VOO - Volatility Comparison

Meritage Homes Corporation (MTH) has a higher volatility of 10.17% compared to Vanguard S&P 500 ETF (VOO) at 5.29%. This indicates that MTH'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

	MTH	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.17%	5.29%	+4.88%
Volatility (6M) Calculated over the trailing 6-month period	25.41%	9.44%	+15.97%
Volatility (1Y) Calculated over the trailing 1-year period	39.79%	18.10%	+21.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.92%	16.82%	+22.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.51%	17.99%	+24.52%