SHA.AX vs. VOO

Last updated Jun 5, 2026

SHA.AX (SHAPE Australia Corporation Limited) 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, SHA.AX returned 81.60%/yr vs 19.31%/yr for VOO. At a 0.02 correlation, their price movements are largely independent.

Performance

SHA.AX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in SHAPE Australia Corporation Limited (SHA.AX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SHA.AX is traded in AUD, while VOO is traded in USD. To make them comparable, the VOO values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SHA.AX achieves a 15.88% return, which is significantly higher than VOO's 2.70% return.

SHA.AX

• 1D: 5.14%
• 1M: 15.45%
• YTD: 15.88%
• 6M: 16.65%
• 1Y: 116.32%
• 3Y*: 81.60%
• 5Y*: —
• 10Y*: —

VOO

• 1D: -1.40%
• 1M: 3.23%
• YTD: 2.70%
• 6M: 1.92%
• 1Y: 16.17%
• 3Y*: 19.31%
• 5Y*: 15.54%
• 10Y*: 15.88%

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

SHA.AX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SHA.AX SHAPE Australia Corporation Limited	15.88%	126.29%	74.58%	25.77%	-30.35%	11.94%
VOO Vanguard S&P 500 ETF	2.70%	9.27%	37.55%	26.42%	-12.77%	1.23%

Correlation

The correlation between SHA.AX and VOO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021	0.02

Return for Risk

SHA.AX vs. VOO — Risk / Return Rank

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

SHA.AX

SHA.AX Risk / Return Rank: 92
SHA.AX Sharpe Ratio Rank: 93
SHA.AX Sortino Ratio Rank: 92
SHA.AX Omega Ratio Rank: 90
SHA.AX Calmar Ratio Rank: 93
SHA.AX Martin Ratio Rank: 93

VOO

VOO Risk / Return Rank: 66
VOO Sharpe Ratio Rank: 67
VOO Sortino Ratio Rank: 63
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 60
VOO Martin Ratio Rank: 73

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.

SHA.AX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SHAPE Australia Corporation Limited (SHA.AX) 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.

	SHA.AX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.71	1.62	+1.10
Sortino ratio: Return per unit of downside risk	3.57	2.23	+1.34
Omega ratio: Gain probability vs. loss probability	1.43	1.30	+0.13
Calmar ratio: Return relative to maximum drawdown	5.53	1.44	+4.09
Martin ratio: Return relative to average drawdown	15.62	4.06	+11.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHA.AX vs. VOO - Sharpe Ratio Comparison

The current SHA.AX Sharpe Ratio is 2.71, which is higher than the VOO Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of SHA.AX 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.

Sharpe Ratios by Period

	SHA.AX	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	1.62	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.08	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	1.11	+0.02

Drawdowns

SHA.AX vs. VOO - Drawdown Comparison

The maximum SHA.AX drawdown since its inception was -37.51%, which is greater than VOO's maximum drawdown of -24.78%. Use the drawdown chart below to compare losses from any high point for SHA.AX and VOO.

Drawdown Indicators

	SHA.AX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-37.51%	-24.78%	-12.73%
Max Drawdown (1Y) Largest decline over 1 year	-21.62%	-11.29%	-10.33%
Max Drawdown (3Y) Largest decline over 3 years	-21.62%	-17.50%	-4.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.78%	—
Current Drawdown Current decline from peak	-10.90%	-1.40%	-9.50%
Average Drawdown Average peak-to-trough decline	-12.32%	-3.73%	-8.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.68%	3.99%	+3.69%

Volatility

SHA.AX vs. VOO - Volatility Comparison

SHAPE Australia Corporation Limited (SHA.AX) has a higher volatility of 18.56% compared to Vanguard S&P 500 ETF (VOO) at 2.28%. This indicates that SHA.AX'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

	SHA.AX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.56%	2.28%	+16.28%
Volatility (6M) Calculated over the trailing 6-month period	32.78%	7.59%	+25.19%
Volatility (1Y) Calculated over the trailing 1-year period	44.03%	10.08%	+33.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.48%	14.51%	+20.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.48%	16.29%	+19.19%

Dividends

SHA.AX vs. VOO - Dividend Comparison

SHA.AX's dividend yield for the trailing twelve months is around 3.81%, more than VOO's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SHA.AX SHAPE Australia Corporation Limited	3.81%	3.68%	5.90%	6.46%	3.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both SHA.AX and VOO in my portfolio?

SHA.AX and VOO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.