SHRAX vs. VOO

Last updated Jun 24, 2026

SHRAX (ClearBridge Aggressive Growth Fund) and VOO (Vanguard S&P 500 ETF) are both funds - SHRAX is a Large Cap Blend Equities fund managed by Franklin Templeton, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SHRAX returned 8.45%/yr vs 15.61%/yr for VOO. Their correlation of 0.88 suggests significant overlap in exposure. SHRAX charges 1.11%/yr vs 0.03%/yr for VOO.

Performance

SHRAX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Aggressive Growth Fund (SHRAX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHRAX achieves a 1.90% return, which is significantly lower than VOO's 8.19% return. Over the past 10 years, SHRAX has underperformed VOO with an annualized return of 8.45%, while VOO has yielded a comparatively higher 15.61% annualized return.

SHRAX

• 1D: -0.60%
• 1M: 3.33%
• YTD: 1.90%
• 6M: 0.10%
• 1Y: 8.84%
• 3Y*: 13.45%
• 5Y*: 3.13%
• 10Y*: 8.45%

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%

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

SHRAX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHRAX ClearBridge Aggressive Growth Fund	1.90%	13.50%	12.02%	24.09%	-25.43%	7.35%	19.74%	24.26%	-7.93%	14.22%
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 SHRAX and VOO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.88

The correlation between SHRAX and VOO has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

Return for Risk

SHRAX vs. VOO — Risk / Return Rank

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

SHRAX

SHRAX Risk / Return Rank: 7
SHRAX Sharpe Ratio Rank: 8
SHRAX Sortino Ratio Rank: 7
SHRAX Omega Ratio Rank: 7
SHRAX Calmar Ratio Rank: 8
SHRAX Martin Ratio Rank: 7

VOO

VOO Risk / Return Rank: 59
VOO Sharpe Ratio Rank: 59
VOO Sortino Ratio Rank: 56
VOO Omega Ratio Rank: 58
VOO Calmar Ratio Rank: 56
VOO Martin Ratio Rank: 67

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.

SHRAX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Aggressive Growth Fund (SHRAX) 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.

	SHRAX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	0.58	1.91	-1.34
Sortino ratio: Return per unit of downside risk	0.92	2.60	-1.68
Omega ratio: Gain probability vs. loss probability	1.11	1.35	-0.24
Calmar ratio: Return relative to maximum drawdown	0.69	2.67	-1.98
Martin ratio: Return relative to average drawdown	1.93	11.96	-10.03

SHRAX vs. VOO - Sharpe Ratio Comparison

The current SHRAX Sharpe Ratio is 0.58, which is lower than the VOO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of SHRAX 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.

Drawdowns

SHRAX vs. VOO - Drawdown Comparison

The maximum SHRAX drawdown since its inception was -57.26%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SHRAX and VOO.

Drawdown Indicators

	SHRAX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-57.26%	-33.99%	-23.27%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	-8.90%	-5.69%
Max Drawdown (3Y) Largest decline over 3 years	-23.73%	-18.69%	-5.04%
Max Drawdown (5Y) Largest decline over 5 years	-33.77%	-24.52%	-9.25%
Max Drawdown (10Y) Largest decline over 10 years	-33.77%	-33.99%	+0.22%
Current Drawdown Current decline from peak	-3.06%	-3.14%	+0.08%
Average Drawdown Average peak-to-trough decline	-11.26%	-3.68%	-7.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	1.99%	+3.24%

Volatility

SHRAX vs. VOO - Volatility Comparison

ClearBridge Aggressive Growth Fund (SHRAX) has a higher volatility of 5.43% compared to Vanguard S&P 500 ETF (VOO) at 4.83%. This indicates that SHRAX'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

	SHRAX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	4.83%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	13.47%	9.82%	+3.65%
Volatility (1Y) Calculated over the trailing 1-year period	17.54%	12.46%	+5.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.95%	16.91%	+4.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	18.02%	+2.90%

SHRAX vs. VOO - Expense Ratio Comparison

SHRAX has a 1.11% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

SHRAX vs. VOO - Dividend Comparison

SHRAX's dividend yield for the trailing twelve months is around 21.86%, more than VOO's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SHRAX ClearBridge Aggressive Growth Fund	21.86%	22.27%	20.39%	13.77%	15.63%	26.11%	18.42%	12.71%	18.97%	5.97%	4.76%	4.03%
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 SHRAX and VOO in my portfolio?

SHRAX and VOO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHRAX or VOO?

SHRAX has higher volatility (5.43%) compared to VOO (4.83%). In terms of maximum drawdown, SHRAX dropped -57.26% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.91 vs 0.58), 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.