RWAY vs. VOO
RWAY (Runway Growth Finance Corp.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, RWAY returned -11.98%/yr vs 19.42%/yr for VOO. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
RWAY vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, RWAY achieves a -32.85% return, which is significantly lower than VOO's 10.16% return.
RWAY
- 1D
- -1.09%
- 1M
- -0.55%
- 6M
- -34.54%
- YTD
- -32.85%
- 1Y
- -39.47%
- 3Y*
- -11.98%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.29%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.17M | $3.33M | $3.80M | |
| $3.82B | $3.78B | $5.44B |
RWAY vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | -32.85% | -6.56% | 1.65% | 25.73% | -0.61% | 1.77% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 5.33% |
Correlation
The correlation between RWAY and VOO is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.33 |
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Return for Risk
RWAY vs. VOO — Risk / Return Rank
RWAY
VOO
RWAY vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Runway Growth Finance Corp. (RWAY) 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.
| RWAY | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -4.32 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.28 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.21 | -3.11 |
| Martin ratioReturn relative to average drawdown | -1.61 | 9.44 | -11.05 |
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Drawdowns
RWAY vs. VOO - Drawdown Comparison
The maximum RWAY drawdown since its inception was -45.35%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RWAY and VOO.
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Drawdown Indicators
| RWAY | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.35% | -33.99% | -11.36% |
Max Drawdown (1Y)Largest decline over 1 year | -45.12% | -8.90% | -36.22% |
Max Drawdown (3Y)Largest decline over 3 years | -45.35% | -18.69% | -26.66% |
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 | -43.27% | -1.38% | -41.89% |
Average DrawdownAverage peak-to-trough decline | -11.65% | -3.67% | -7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.05% | 2.08% | +22.97% |
Volatility
RWAY vs. VOO - Volatility Comparison
Runway Growth Finance Corp. (RWAY) has a higher volatility of 11.99% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that RWAY'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
| RWAY | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.99% | 3.54% | +8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 25.09% | 10.10% | +14.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.51% | 12.82% | +15.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.93% | 16.93% | +12.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.93% | 18.01% | +10.92% |
Dividends
RWAY vs. VOO - Dividend Comparison
RWAY's dividend yield for the trailing twelve months is around 24.73%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | 24.73% | 15.68% | 16.33% | 14.34% | 10.87% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.07% | 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
RWAY and VOO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWAY has higher volatility (11.99%) compared to VOO (3.54%). In terms of maximum drawdown, RWAY dropped -45.35% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 vs -1.42), 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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