OCTZ vs. VOO
OCTZ (TrueShares Structured Outcome (October) ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - OCTZ is a Defined Outcome fund actively managed by TrueShares, while VOO is a S&P 500 fund tracking the S&P 500 Index. OCTZ is actively managed, while VOO is passively managed. Over the past 5 years, OCTZ returned 10.79%/yr vs 13.58%/yr for VOO. With a 0.98 correlation, they move nearly in lockstep. OCTZ charges 0.79%/yr vs 0.03%/yr for VOO.
Performance
OCTZ vs. VOO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OCTZ achieves a 7.18% return, which is significantly lower than VOO's 9.75% return.
OCTZ
- 1D
- -0.38%
- 1M
- -0.02%
- YTD
- 7.18%
- 6M
- 6.91%
- 1Y
- 19.51%
- 3Y*
- 15.55%
- 5Y*
- 10.79%
- 10Y*
- —
VOO
- 1D
- -0.29%
- 1M
- 0.08%
- YTD
- 9.75%
- 6M
- 9.30%
- 1Y
- 26.77%
- 3Y*
- 21.36%
- 5Y*
- 13.58%
- 10Y*
- 15.77%
OCTZ vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OCTZ TrueShares Structured Outcome (October) ETF | 7.18% | 12.89% | 18.89% | 18.18% | -10.23% | 20.49% | 8.44% |
VOO Vanguard S&P 500 ETF | 9.75% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 12.17% |
Correlation
The correlation between OCTZ and VOO is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2020 | 0.98 |
The correlation between OCTZ and VOO has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OCTZ vs. VOO — Risk / Return Rank
OCTZ
VOO
OCTZ vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (October) ETF (OCTZ) 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.
| OCTZ | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.02 | -0.34 |
| Martin ratioReturn relative to average drawdown | 11.03 | 13.58 | -2.55 |
Loading charts...
Drawdowns
OCTZ vs. VOO - Drawdown Comparison
The maximum OCTZ drawdown since its inception was -15.82%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for OCTZ and VOO.
Loading charts...
Drawdown Indicators
| OCTZ | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -33.99% | +18.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -8.90% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | -18.69% | +4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -24.52% | +8.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -1.45% | -1.74% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -3.68% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.98% | -0.21% |
Volatility
OCTZ vs. VOO - Volatility Comparison
The current volatility for TrueShares Structured Outcome (October) ETF (OCTZ) is 3.82%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.60%. This indicates that OCTZ 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.
Loading charts...
Volatility by Period
| OCTZ | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 4.60% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 9.73% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.94% | 12.39% | -2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.48% | 16.90% | -4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 18.05% | -5.64% |
OCTZ vs. VOO - Expense Ratio Comparison
OCTZ has a 0.79% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
OCTZ vs. VOO - Dividend Comparison
OCTZ's dividend yield for the trailing twelve months is around 3.72%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCTZ TrueShares Structured Outcome (October) ETF | 3.72% | 3.99% | 1.26% | 3.28% | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.04% | 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
With a correlation of 0.98, OCTZ 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.
VOO has higher volatility (4.60%) compared to OCTZ (3.82%). In terms of maximum drawdown, OCTZ dropped -15.82% vs VOO's -33.99%.
On 5-year performance, VOO leads with 13.58% vs 10.79% for OCTZ. On fees, VOO is cheaper at 0.03% per year. On volatility, OCTZ has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VOO has performed better with a 13.58% return vs 10.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.79% for OCTZ.
OCTZ has the higher dividend yield at 3.72%, compared with 1.04% for VOO.
OCTZ is categorized as Defined Outcome, while VOO is S&P 500. They also come from different issuers: TrueShares and Vanguard. Their fees differ too: 0.79% for OCTZ and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (2.17 vs 1.97), 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.
Find the right allocation for OCTZ and VOO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer