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 -12.33%/yr vs 20.16%/yr for VOO. At a 0.33 correlation, their price movements are largely independent.
Performance
RWAY vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, RWAY achieves a -34.94% return, which is significantly lower than VOO's 10.45% return.
RWAY
- 1D
- -0.75%
- 1M
- -12.27%
- 6M
- -37.26%
- YTD
- -34.94%
- 1Y
- -43.54%
- 3Y*
- -12.33%
- 5Y*
- —
- 10Y*
- —
VOO
- 1D
- -0.77%
- 1M
- 1.25%
- 6M
- 8.34%
- YTD
- 10.45%
- 1Y
- 21.53%
- 3Y*
- 20.16%
- 5Y*
- 13.01%
- 10Y*
- 15.16%
RWAY vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | -34.94% | -6.56% | 1.65% | 25.73% | -0.61% | 1.77% |
VOO Vanguard S&P 500 ETF | 10.45% | 17.82% | 24.98% | 26.32% | -18.17% | 5.33% |
Correlation
The correlation between RWAY and VOO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
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 | -3.36 | ||
| Sortino ratioReturn per unit of downside risk | -4.88 | ||
| Omega ratioGain probability vs. loss probability | 0.71 | 1.31 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.43 | -3.39 |
| Martin ratioReturn relative to average drawdown | -1.87 | 10.60 | -12.47 |
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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 | -45.35% | -8.90% | -36.45% |
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 | -45.03% | -1.11% | -43.92% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -3.68% | -7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.28% | 2.04% | +21.24% |
Volatility
RWAY vs. VOO - Volatility Comparison
Runway Growth Finance Corp. (RWAY) has a higher volatility of 11.88% compared to Vanguard S&P 500 ETF (VOO) at 4.16%. 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 | 11.88% | 4.16% | +7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 23.32% | 9.97% | +13.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.80% | 12.53% | +14.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.69% | 16.93% | +11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.69% | 18.00% | +10.69% |
Dividends
RWAY vs. VOO - Dividend Comparison
RWAY's dividend yield for the trailing twelve months is around 25.52%, 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. | 25.52% | 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 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWAY has higher volatility (11.88%) compared to VOO (4.16%). In terms of maximum drawdown, RWAY dropped -45.35% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.73 vs -1.63), 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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