MTLS vs. VOO

Last updated Jun 4, 2026

MTLS (Materialise NV) 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, MTLS returned -1.06%/yr vs 15.56%/yr for VOO. At a 0.37 correlation, their price movements are largely independent.

Performance

MTLS vs. VOO - Performance Comparison

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

Returns By Period

In the year-to-date period, MTLS achieves a 19.10% return, which is significantly higher than VOO's 10.91% return. Over the past 10 years, MTLS has underperformed VOO with an annualized return of -1.06%, while VOO has yielded a comparatively higher 15.56% annualized return.

MTLS

• 1D: -4.06%
• 1M: 18.88%
• YTD: 19.10%
• 6M: 9.26%
• 1Y: 23.32%
• 3Y*: -13.24%
• 5Y*: -25.18%
• 10Y*: -1.06%

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)

MTLS vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTLS Materialise NV	19.10%	-21.16%	7.24%	-25.40%	-63.13%	-55.97%	196.07%	-8.59%	57.59%	65.49%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between MTLS and VOO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 26, 2014	0.37

The correlation between MTLS and VOO shifts across timeframes, from 0.36 (3 years) to 0.47 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MTLS vs. VOO — Risk / Return Rank

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

MTLS

MTLS Risk / Return Rank: 56
MTLS Sharpe Ratio Rank: 58
MTLS Sortino Ratio Rank: 55
MTLS Omega Ratio Rank: 53
MTLS Calmar Ratio Rank: 59
MTLS Martin Ratio Rank: 57

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.

MTLS vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Materialise NV (MTLS) 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.

	MTLS	VOO	Difference
Sharpe ratio: Return per unit of total volatility	0.50	2.39	-1.89
Sortino ratio: Return per unit of downside risk	1.05	3.25	-2.21
Omega ratio: Gain probability vs. loss probability	1.12	1.43	-0.31
Calmar ratio: Return relative to maximum drawdown	0.86	3.16	-2.31
Martin ratio: Return relative to average drawdown	1.59	14.73	-13.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTLS vs. VOO - Sharpe Ratio Comparison

The current MTLS Sharpe Ratio is 0.50, which is lower than the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of MTLS 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

	MTLS	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	2.39	-1.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.46	0.83	-1.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	0.87	-0.89
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.89	-0.97

Drawdowns

MTLS vs. VOO - Drawdown Comparison

The maximum MTLS drawdown since its inception was -94.84%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MTLS and VOO.

Drawdown Indicators

	MTLS	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-94.84%	-33.99%	-60.85%
Max Drawdown (1Y) Largest decline over 1 year	-27.27%	-8.90%	-18.37%
Max Drawdown (3Y) Largest decline over 3 years	-58.52%	-18.69%	-39.83%
Max Drawdown (5Y) Largest decline over 5 years	-85.40%	-24.52%	-60.88%
Max Drawdown (10Y) Largest decline over 10 years	-94.84%	-33.99%	-60.85%
Current Drawdown Current decline from peak	-91.80%	-0.70%	-91.10%
Average Drawdown Average peak-to-trough decline	-53.23%	-3.69%	-49.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.68%	1.91%	+12.77%

Volatility

MTLS vs. VOO - Volatility Comparison

Materialise NV (MTLS) has a higher volatility of 13.17% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that MTLS'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

	MTLS	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.17%	2.84%	+10.33%
Volatility (6M) Calculated over the trailing 6-month period	30.33%	8.90%	+21.43%
Volatility (1Y) Calculated over the trailing 1-year period	46.59%	11.80%	+34.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.93%	16.81%	+38.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.23%	18.01%	+41.22%

Dividends

MTLS vs. VOO - Dividend Comparison

MTLS has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTLS Materialise NV	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 MTLS and VOO in my portfolio?

MTLS and VOO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTLS or VOO?

MTLS has higher volatility (13.17%) compared to VOO (2.84%). In terms of maximum drawdown, MTLS dropped -94.84% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 vs 0.50), 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.