TAP-A vs. VOO

Last updated Jul 11, 2026

TAP-A (Molson Coors Beverage Company) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, TAP-A returned -6.49%/yr vs 15.29%/yr for VOO. At a 0.12 correlation, their price movements are largely independent.

Performance

TAP-A vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Molson Coors Beverage Company (TAP-A) 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, TAP-A achieves a -11.58% return, which is significantly lower than VOO's 11.31% return. Over the past 10 years, TAP-A has underperformed VOO with an annualized return of -6.49%, while VOO has yielded a comparatively higher 15.29% annualized return.

TAP-A

• 1D: -14.81%
• 1M: -10.86%
• 6M: -15.21%
• YTD: -11.58%
• 1Y: -23.47%
• 3Y*: -12.56%
• 5Y*: -5.99%
• 10Y*: -6.49%

VOO

• 1D: 0.46%
• 1M: 2.04%
• 6M: 9.36%
• YTD: 11.31%
• 1Y: 22.48%
• 3Y*: 21.08%
• 5Y*: 13.22%
• 10Y*: 15.29%

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

TAP-A vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TAP-A Molson Coors Beverage Company	-11.58%	-15.84%	-8.93%	-13.73%	36.05%	-6.40%	-3.09%	9.18%	-24.67%	-12.69%
VOO Vanguard S&P 500 ETF	11.31%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between TAP-A and VOO is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.12

The correlation between TAP-A and VOO shifts across timeframes, from -0.04 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TAP-A vs. VOO — Risk / Return Rank

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

TAP-A

TAP-A Risk / Return Rank: 13
TAP-A Sharpe Ratio Rank: 19
TAP-A Sortino Ratio Rank: 20
TAP-A Omega Ratio Rank: 12
TAP-A Calmar Ratio Rank: 10
TAP-A Martin Ratio Rank: 2

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 66
VOO Omega Ratio Rank: 68
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 74

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.

TAP-A vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Molson Coors Beverage Company (TAP-A) 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.

	TAP-A	VOO	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	1.77	-2.34
Sortino ratio: Return per unit of downside risk	-0.61	2.44	-3.05
Omega ratio: Gain probability vs. loss probability	0.86	1.32	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.84	2.49	-3.33
Martin ratio: Return relative to average drawdown	-1.84	10.85	-12.70

TAP-A vs. VOO - Sharpe Ratio Comparison

The current TAP-A Sharpe Ratio is -0.57, which is lower than the VOO Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of TAP-A 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

TAP-A vs. VOO - Drawdown Comparison

The maximum TAP-A drawdown since its inception was -68.56%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TAP-A and VOO.

Drawdown Indicators

	TAP-A	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-68.56%	-33.99%	-34.57%
Max Drawdown (1Y) Largest decline over 1 year	-26.47%	-8.90%	-17.57%
Max Drawdown (3Y) Largest decline over 3 years	-38.63%	-18.69%	-19.94%
Max Drawdown (5Y) Largest decline over 5 years	-46.38%	-24.52%	-21.86%
Max Drawdown (10Y) Largest decline over 10 years	-58.32%	-33.99%	-24.33%
Current Drawdown Current decline from peak	-53.68%	-0.34%	-53.34%
Average Drawdown Average peak-to-trough decline	-34.98%	-3.68%	-31.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.08%	2.04%	+10.04%

Volatility

TAP-A vs. VOO - Volatility Comparison

Molson Coors Beverage Company (TAP-A) has a higher volatility of 21.67% compared to Vanguard S&P 500 ETF (VOO) at 4.42%. This indicates that TAP-A'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

	TAP-A	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.67%	4.42%	+17.25%
Volatility (6M) Calculated over the trailing 6-month period	34.23%	9.94%	+24.29%
Volatility (1Y) Calculated over the trailing 1-year period	39.04%	12.48%	+26.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.68%	16.92%	+22.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.70%	17.99%	+26.71%

Dividends

TAP-A vs. VOO - Dividend Comparison

TAP-A's dividend yield for the trailing twelve months is around 4.71%, more than VOO's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TAP-A Molson Coors Beverage Company	4.71%	4.04%	3.07%	2.53%	1.97%	1.17%	0.91%	3.00%	2.65%	1.95%	1.67%	1.75%
VOO Vanguard S&P 500 ETF	1.06%	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 TAP-A and VOO in my portfolio?

TAP-A and VOO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TAP-A or VOO?

TAP-A has higher volatility (21.67%) compared to VOO (4.42%). In terms of maximum drawdown, TAP-A dropped -68.56% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.77 vs -0.57), 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.