RWR vs. VOO
RWR (SPDR Dow Jones REIT ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - RWR is a REIT fund tracking the Dow Jones U.S. Select REIT Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, RWR returned 5.37%/yr vs 15.77%/yr for VOO. A 0.60 correlation means they provide meaningful diversification when combined. RWR charges 0.25%/yr vs 0.03%/yr for VOO.
Performance
RWR vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, RWR achieves a 14.64% return, which is significantly higher than VOO's 9.75% return. Over the past 10 years, RWR has underperformed VOO with an annualized return of 5.37%, while VOO has yielded a comparatively higher 15.77% annualized return.
RWR
- 1D
- 1.26%
- 1M
- 0.64%
- YTD
- 14.64%
- 6M
- 14.73%
- 1Y
- 19.15%
- 3Y*
- 13.14%
- 5Y*
- 4.64%
- 10Y*
- 5.37%
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%
RWR vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWR SPDR Dow Jones REIT ETF | 14.64% | 3.20% | 7.74% | 13.76% | -26.09% | 45.47% | -11.40% | 22.71% | -4.47% | 3.47% |
VOO Vanguard S&P 500 ETF | 9.75% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between RWR and VOO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.60 |
Over the past year, the correlation between RWR and VOO has dropped to 0.27 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
RWR vs. VOO — Risk / Return Rank
RWR
VOO
RWR vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones REIT ETF (RWR) 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.
| RWR | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 3.02 | -0.63 |
| Martin ratioReturn relative to average drawdown | 8.08 | 13.58 | -5.50 |
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Drawdowns
RWR vs. VOO - Drawdown Comparison
The maximum RWR drawdown since its inception was -74.92%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RWR and VOO.
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Drawdown Indicators
| RWR | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.92% | -33.99% | -40.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -8.90% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -18.69% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -32.58% | -24.52% | -8.06% |
Max Drawdown (10Y)Largest decline over 10 years | -44.39% | -33.99% | -10.40% |
Current DrawdownCurrent decline from peak | -1.74% | -1.74% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -13.09% | -3.68% | -9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.98% | +0.40% |
Volatility
RWR vs. VOO - Volatility Comparison
SPDR Dow Jones REIT ETF (RWR) has a higher volatility of 5.27% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that RWR'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
| RWR | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 4.60% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 9.73% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 12.39% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 16.90% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.55% | 18.05% | +3.50% |
RWR vs. VOO - Expense Ratio Comparison
RWR has a 0.25% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
RWR vs. VOO - Dividend Comparison
RWR's dividend yield for the trailing twelve months is around 4.23%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWR SPDR Dow Jones REIT ETF | 4.23% | 3.78% | 3.76% | 3.75% | 3.81% | 2.79% | 3.73% | 3.36% | 4.19% | 3.05% | 4.39% | 3.17% |
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
RWR and VOO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWR has higher volatility (5.27%) compared to VOO (4.60%). In terms of maximum drawdown, RWR dropped -74.92% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.77% vs 5.37% for RWR. 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.
Over the 10-year period, VOO has performed better with a 15.77% return vs 5.37%. 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 0.25% for RWR.
RWR has the higher dividend yield at 4.23%, compared with 1.04% for VOO.
RWR is categorized as REIT, while VOO is S&P 500. RWR tracks Dow Jones U.S. Select REIT Index, while VOO tracks S&P 500 Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.25% for RWR and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (2.17 vs 1.37), 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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