NBGPX vs. VOO

Last updated Jun 27, 2026

NBGPX (Columbia Capital Allocation Moderate Aggressive Portfolio) and VOO (Vanguard S&P 500 ETF) are both funds - NBGPX is a Diversified Portfolio fund managed by Columbia, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, NBGPX returned 9.58%/yr vs 15.54%/yr for VOO. With a 0.96 correlation, they move nearly in lockstep. NBGPX charges 0.14%/yr vs 0.03%/yr for VOO.

Performance

NBGPX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Capital Allocation Moderate Aggressive Portfolio (NBGPX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NBGPX having a 7.24% return and VOO slightly higher at 7.53%. Over the past 10 years, NBGPX has underperformed VOO with an annualized return of 9.58%, while VOO has yielded a comparatively higher 15.54% annualized return.

NBGPX

• 1D: 0.22%
• 1M: -0.44%
• YTD: 7.24%
• 6M: 6.48%
• 1Y: 18.04%
• 3Y*: 15.42%
• 5Y*: 7.27%
• 10Y*: 9.58%

VOO

• 1D: -0.52%
• 1M: -2.57%
• YTD: 7.53%
• 6M: 6.22%
• 1Y: 20.58%
• 3Y*: 20.26%
• 5Y*: 12.90%
• 10Y*: 15.54%

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

NBGPX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBGPX Columbia Capital Allocation Moderate Aggressive Portfolio	7.24%	17.29%	13.35%	17.73%	-17.91%	12.96%	12.98%	21.65%	-7.94%	18.82%
VOO Vanguard S&P 500 ETF	7.53%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between NBGPX and VOO is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.96

The correlation between NBGPX and VOO has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

NBGPX vs. VOO — Risk / Return Rank

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

NBGPX

NBGPX Risk / Return Rank: 68
NBGPX Sharpe Ratio Rank: 66
NBGPX Sortino Ratio Rank: 63
NBGPX Omega Ratio Rank: 67
NBGPX Calmar Ratio Rank: 65
NBGPX Martin Ratio Rank: 77

VOO

VOO Risk / Return Rank: 55
VOO Sharpe Ratio Rank: 55
VOO Sortino Ratio Rank: 52
VOO Omega Ratio Rank: 54
VOO Calmar Ratio Rank: 53
VOO Martin Ratio Rank: 64

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.

NBGPX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Capital Allocation Moderate Aggressive Portfolio (NBGPX) 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.

	NBGPX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.67	+0.28
Sortino ratio: Return per unit of downside risk	2.70	2.30	+0.41
Omega ratio: Gain probability vs. loss probability	1.37	1.30	+0.07
Calmar ratio: Return relative to maximum drawdown	2.66	2.32	+0.34
Martin ratio: Return relative to average drawdown	11.98	10.21	+1.77

NBGPX vs. VOO - Sharpe Ratio Comparison

The current NBGPX Sharpe Ratio is 1.95, which is comparable to the VOO Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of NBGPX 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.

Drawdowns

NBGPX vs. VOO - Drawdown Comparison

The maximum NBGPX drawdown since its inception was -40.41%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for NBGPX and VOO.

Drawdown Indicators

	NBGPX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-40.41%	-33.99%	-6.42%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-8.90%	+1.74%
Max Drawdown (3Y) Largest decline over 3 years	-12.32%	-18.69%	+6.37%
Max Drawdown (5Y) Largest decline over 5 years	-24.03%	-24.52%	+0.49%
Max Drawdown (10Y) Largest decline over 10 years	-26.76%	-33.99%	+7.23%
Current Drawdown Current decline from peak	-1.82%	-3.73%	+1.91%
Average Drawdown Average peak-to-trough decline	-4.71%	-3.68%	-1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	2.02%	-0.43%

Volatility

NBGPX vs. VOO - Volatility Comparison

The current volatility for Columbia Capital Allocation Moderate Aggressive Portfolio (NBGPX) is 4.19%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.76%. This indicates that NBGPX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBGPX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	4.76%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	8.11%	9.78%	-1.67%
Volatility (1Y) Calculated over the trailing 1-year period	9.76%	12.40%	-2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	16.90%	-4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.23%	18.01%	-5.78%

NBGPX vs. VOO - Expense Ratio Comparison

NBGPX has a 0.14% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

NBGPX vs. VOO - Dividend Comparison

NBGPX's dividend yield for the trailing twelve months is around 3.95%, more than VOO's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBGPX Columbia Capital Allocation Moderate Aggressive Portfolio	3.95%	8.12%	6.80%	4.67%	6.52%	16.00%	5.44%	7.61%	9.89%	7.46%	4.03%	6.92%
VOO Vanguard S&P 500 ETF	1.36%	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 NBGPX and VOO in my portfolio?

With a correlation of 0.96, NBGPX and VOO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NBGPX or VOO?

VOO has higher volatility (4.76%) compared to NBGPX (4.19%). In terms of maximum drawdown, NBGPX dropped -40.41% vs VOO's -33.99%.

Which has better risk-adjusted returns?

NBGPX currently has the higher Sharpe Ratio (1.95 vs 1.67), 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.