RSEE vs. VOO

Last updated Jun 23, 2026

RSEE (Rareview Systematic Equity ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - RSEE is a Long-Short fund actively managed by Rareview Funds, while VOO is a S&P 500 fund tracking the S&P 500 Index. RSEE is actively managed, while VOO is passively managed. Over the past 3 years, RSEE returned 19.12%/yr vs 21.36%/yr for VOO. Their correlation of 0.86 suggests significant overlap in exposure. RSEE charges 1.27%/yr vs 0.03%/yr for VOO.

Performance

RSEE vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rareview Systematic Equity ETF (RSEE) 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, RSEE achieves a 16.01% return, which is significantly higher than VOO's 9.75% return.

RSEE

• 1D: -0.19%
• 1M: 2.50%
• YTD: 16.01%
• 6M: 15.56%
• 1Y: 38.14%
• 3Y*: 19.12%
• 5Y*: —
• 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%

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

RSEE vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RSEE Rareview Systematic Equity ETF	16.01%	20.54%	18.54%	10.21%	-2.49%
VOO Vanguard S&P 500 ETF	9.75%	17.82%	24.98%	26.32%	-13.03%

Correlation

The correlation between RSEE 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	0.91
Correlation (All Time) Calculated using the full available price history since Jan 21, 2022	0.86

The correlation between RSEE and VOO shifts across timeframes, from 0.86 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.

RSEE vs. VOO - Sectors Allocation Comparison

Sectors	RSEE	VOO
Technology	32.5%	39.1%
Financial Services	13.1%	10.9%
Industrials	11.1%	7.6%
Consumer Cyclical	9.9%	9.8%
Communication Services	8.7%	10.5%
Healthcare	7.3%	8.3%
Consumer Defensive	5.1%	4.5%
Basic Materials	4.0%	1.7%
Energy	3.6%	3.2%
Utilities	2.5%	2.5%
Real Estate	2.3%	1.8%

Return for Risk

RSEE vs. VOO — Risk / Return Rank

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

RSEE

RSEE Risk / Return Rank: 63
RSEE Sharpe Ratio Rank: 64
RSEE Sortino Ratio Rank: 60
RSEE Omega Ratio Rank: 61
RSEE Calmar Ratio Rank: 62
RSEE Martin Ratio Rank: 67

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 70
VOO Sortino Ratio Rank: 67
VOO Omega Ratio Rank: 69
VOO Calmar Ratio Rank: 63
VOO Martin Ratio Rank: 74

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.

RSEE vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rareview Systematic Equity ETF (RSEE) 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.

	RSEE	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.17	-0.11
Sortino ratio: Return per unit of downside risk	2.75	2.93	-0.18
Omega ratio: Gain probability vs. loss probability	1.36	1.39	-0.04
Calmar ratio: Return relative to maximum drawdown	2.97	3.02	-0.05
Martin ratio: Return relative to average drawdown	12.03	13.58	-1.55

RSEE vs. VOO - Sharpe Ratio Comparison

The current RSEE Sharpe Ratio is 2.06, which is comparable to the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of RSEE 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

RSEE vs. VOO - Drawdown Comparison

The maximum RSEE drawdown since its inception was -21.60%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RSEE and VOO.

Drawdown Indicators

	RSEE	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-21.60%	-33.99%	+12.39%
Max Drawdown (1Y) Largest decline over 1 year	-12.89%	-8.90%	-3.99%
Max Drawdown (3Y) Largest decline over 3 years	-21.60%	-18.69%	-2.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.90%	-1.74%	+0.84%
Average Drawdown Average peak-to-trough decline	-3.77%	-3.68%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	1.98%	+1.20%

Volatility

RSEE vs. VOO - Volatility Comparison

Rareview Systematic Equity ETF (RSEE) has a higher volatility of 7.43% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that RSEE'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

	RSEE	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	4.60%	+2.83%
Volatility (6M) Calculated over the trailing 6-month period	15.27%	9.73%	+5.54%
Volatility (1Y) Calculated over the trailing 1-year period	18.63%	12.39%	+6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	16.90%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	18.05%	+1.12%

RSEE vs. VOO - Expense Ratio Comparison

RSEE has a 1.27% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

RSEE vs. VOO - Dividend Comparison

RSEE has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSEE Rareview Systematic Equity ETF	0.00%	0.24%	9.02%	0.84%	1.97%	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

Can I hold both RSEE and VOO in my portfolio?

With a correlation of 0.96, RSEE 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, RSEE or VOO?

RSEE has higher volatility (7.43%) compared to VOO (4.60%). In terms of maximum drawdown, RSEE dropped -21.60% vs VOO's -33.99%.

Which ETF is better, RSEE or VOO?

On 3-year performance, VOO leads with 21.36% vs 19.12% for RSEE. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSEE or VOO?

Over the 3-year period, VOO has performed better with a 21.36% return vs 19.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSEE or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 1.27% for RSEE.

Which ETF pays a higher dividend yield, RSEE or VOO?

VOO has the higher dividend yield at 1.04%, compared with 0.00% for RSEE.

What is the main difference between RSEE and VOO?

RSEE is categorized as Long-Short, while VOO is S&P 500. They also come from different issuers: Rareview Funds and Vanguard. Their fees differ too: 1.27% for RSEE and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.17 vs 2.06), 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.