NLOP vs. VOO
NLOP (Net Lease Office Properties) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past year, NLOP returned 18.16% vs 28.04% for VOO. At a 0.31 correlation, their price movements are largely independent.
Performance
NLOP vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, NLOP achieves a 11.81% return, which is significantly higher than VOO's 10.91% return.
NLOP
- 1D
- -1.98%
- 1M
- -11.29%
- YTD
- 11.81%
- 6M
- 13.44%
- 1Y
- 18.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
NLOP vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NLOP Net Lease Office Properties | 11.81% | 5.88% | 68.89% | 79.61% |
VOO Vanguard S&P 500 ETF | 10.91% | 17.82% | 24.98% | 10.82% |
Correlation
The correlation between NLOP and VOO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2023 | 0.31 |
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Return for Risk
NLOP vs. VOO — Risk / Return Rank
NLOP
VOO
NLOP vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Net Lease Office Properties (NLOP) 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.
| NLOP | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.43 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.16 | -1.95 |
| Martin ratioReturn relative to average drawdown | 3.48 | 14.73 | -11.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NLOP | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 2.39 | -1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.68 | 0.89 | +0.79 |
Drawdowns
NLOP vs. VOO - Drawdown Comparison
The maximum NLOP drawdown since its inception was -19.23%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for NLOP and VOO.
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Drawdown Indicators
| NLOP | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -33.99% | +14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -15.03% | -8.90% | -6.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -11.29% | -0.70% | -10.59% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -3.69% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 1.91% | +3.32% |
Volatility
NLOP vs. VOO - Volatility Comparison
Net Lease Office Properties (NLOP) has a higher volatility of 11.33% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that NLOP'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.
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Volatility by Period
| NLOP | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.33% | 2.84% | +8.49% |
Volatility (6M)Calculated over the trailing 6-month period | 20.00% | 8.90% | +11.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.78% | 11.80% | +10.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.55% | 16.81% | +21.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.55% | 18.01% | +20.54% |
Dividends
NLOP vs. VOO - Dividend Comparison
NLOP's dividend yield for the trailing twelve months is around 188.45%, more than VOO's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLOP Net Lease Office Properties | 188.45% | 27.92% | 0.00% | 1.84% | 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
NLOP and VOO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLOP has higher volatility (11.33%) compared to VOO (2.84%). In terms of maximum drawdown, NLOP dropped -19.23% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (2.39 vs 0.80), 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.
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