RWO vs. VOO
RWO (SPDR Dow Jones Global Real Estate ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - RWO is a REIT fund tracking the Dow Jones Global Select Real Estate Securities Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, RWO returned 3.88%/yr vs 15.61%/yr for VOO. A 0.68 correlation means they provide meaningful diversification when combined. RWO charges 0.50%/yr vs 0.03%/yr for VOO.
Performance
RWO vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, RWO achieves a 11.44% return, which is significantly higher than VOO's 8.19% return. Over the past 10 years, RWO has underperformed VOO with an annualized return of 3.88%, while VOO has yielded a comparatively higher 15.61% annualized return.
RWO
- 1D
- 0.96%
- 1M
- 0.76%
- YTD
- 11.44%
- 6M
- 11.34%
- 1Y
- 14.87%
- 3Y*
- 11.85%
- 5Y*
- 2.53%
- 10Y*
- 3.88%
VOO
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.19%
- 6M
- 7.24%
- 1Y
- 23.69%
- 3Y*
- 20.78%
- 5Y*
- 13.13%
- 10Y*
- 15.61%
RWO vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWO SPDR Dow Jones Global Real Estate ETF | 11.44% | 8.87% | 1.76% | 10.91% | -25.11% | 31.03% | -10.44% | 21.17% | -6.04% | 7.80% |
VOO Vanguard S&P 500 ETF | 8.19% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between RWO and VOO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.68 |
Over the past year, the correlation between RWO and VOO has dropped to 0.34 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
RWO vs. VOO — Risk / Return Rank
RWO
VOO
RWO vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate ETF (RWO) 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.
| RWO | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.67 | -1.10 |
| Martin ratioReturn relative to average drawdown | 6.03 | 11.96 | -5.93 |
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Drawdowns
RWO vs. VOO - Drawdown Comparison
The maximum RWO drawdown since its inception was -67.69%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RWO and VOO.
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Drawdown Indicators
| RWO | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.69% | -33.99% | -33.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -8.90% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -18.69% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -32.85% | -24.52% | -8.33% |
Max Drawdown (10Y)Largest decline over 10 years | -43.27% | -33.99% | -9.28% |
Current DrawdownCurrent decline from peak | -0.78% | -3.14% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -3.68% | -8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 1.99% | +0.48% |
Volatility
RWO vs. VOO - Volatility Comparison
SPDR Dow Jones Global Real Estate ETF (RWO) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.59% and 4.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWO | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 4.83% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 9.82% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.14% | 12.46% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 16.91% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 18.02% | +0.19% |
RWO vs. VOO - Expense Ratio Comparison
RWO has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
RWO vs. VOO - Dividend Comparison
RWO's dividend yield for the trailing twelve months is around 3.24%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWO SPDR Dow Jones Global Real Estate ETF | 3.24% | 3.62% | 3.68% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% |
VOO Vanguard S&P 500 ETF | 1.05% | 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
RWO and VOO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.83%) compared to RWO (4.59%). In terms of maximum drawdown, RWO dropped -67.69% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.61% vs 3.88% for RWO. On fees, VOO is cheaper at 0.03% per year. On volatility, RWO has been the lower-risk option at 4.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.61% return vs 3.88%. 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 0.50% for RWO.
RWO has the higher dividend yield at 3.24%, compared with 1.05% for VOO.
RWO is categorized as REIT, while VOO is S&P 500. RWO tracks Dow Jones Global Select Real Estate Securities Index, while VOO tracks S&P 500 Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.50% for RWO and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.91 vs 1.14), 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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