TEQI vs. VOO

Last updated Jun 4, 2026

TEQI (T. Rowe Price Equity Income ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - TEQI is a Large Cap Value Equities fund actively managed by T. Rowe Price, while VOO is a S&P 500 fund tracking the S&P 500 Index. TEQI is actively managed, while VOO is passively managed. Over the past 5 years, TEQI returned 9.02%/yr vs 13.90%/yr for VOO. A 0.77 correlation means they provide meaningful diversification when combined. TEQI charges 0.54%/yr vs 0.03%/yr for VOO.

Performance

TEQI vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Equity Income ETF (TEQI) 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, TEQI achieves a 9.71% return, which is significantly lower than VOO's 10.91% return.

TEQI

• 1D: -0.22%
• 1M: 2.51%
• YTD: 9.71%
• 6M: 11.55%
• 1Y: 20.30%
• 3Y*: 16.18%
• 5Y*: 9.02%
• 10Y*: —

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

TEQI vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TEQI T. Rowe Price Equity Income ETF	9.71%	13.36%	13.14%	9.64%	-3.33%	26.25%	18.07%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	26.32%	-18.17%	28.79%	13.57%

Correlation

The correlation between TEQI and VOO is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Aug 6, 2020	0.77

The correlation between TEQI and VOO shifts across timeframes, from 0.67 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

TEQI vs. VOO - Sectors Allocation Comparison

Sectors	TEQI	VOO
Financial Services	20.3%	11.6%
Healthcare	12.9%	8.5%
Industrials	12.4%	8.3%
Technology	12.3%	35.7%
Energy	11.0%	3.5%
Consumer Defensive	7.2%	4.9%
Utilities	6.8%	2.4%
Communication Services	6.6%	11.3%
Consumer Cyclical	5.2%	10.2%
Real Estate	3.3%	1.9%
Basic Materials	2.2%	1.8%

Return for Risk

TEQI vs. VOO — Risk / Return Rank

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

TEQI

TEQI Risk / Return Rank: 57
TEQI Sharpe Ratio Rank: 57
TEQI Sortino Ratio Rank: 58
TEQI Omega Ratio Rank: 56
TEQI Calmar Ratio Rank: 57
TEQI Martin Ratio Rank: 58

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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.

TEQI vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Income ETF (TEQI) 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.

	TEQI	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.39	-0.45
Sortino ratio: Return per unit of downside risk	2.76	3.25	-0.49
Omega ratio: Gain probability vs. loss probability	1.35	1.43	-0.09
Calmar ratio: Return relative to maximum drawdown	2.82	3.16	-0.35
Martin ratio: Return relative to average drawdown	10.09	14.73	-4.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEQI vs. VOO - Sharpe Ratio Comparison

The current TEQI Sharpe Ratio is 1.94, which is comparable to the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of TEQI 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

	TEQI	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	2.39	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.83	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.89	+0.09

Drawdowns

TEQI vs. VOO - Drawdown Comparison

The maximum TEQI drawdown since its inception was -17.82%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TEQI and VOO.

Drawdown Indicators

	TEQI	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-33.99%	+16.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-8.90%	+1.67%
Max Drawdown (3Y) Largest decline over 3 years	-14.85%	-18.69%	+3.84%
Max Drawdown (5Y) Largest decline over 5 years	-17.82%	-24.52%	+6.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-1.44%	-0.70%	-0.74%
Average Drawdown Average peak-to-trough decline	-3.53%	-3.69%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.91%	+0.11%

Volatility

TEQI vs. VOO - Volatility Comparison

The current volatility for T. Rowe Price Equity Income ETF (TEQI) is 2.68%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.84%. This indicates that TEQI experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEQI	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	2.84%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	8.90%	-1.29%
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	11.80%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	16.81%	-2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.12%	18.01%	-2.89%

TEQI vs. VOO - Expense Ratio Comparison

TEQI has a 0.54% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

TEQI vs. VOO - Dividend Comparison

TEQI's dividend yield for the trailing twelve months is around 1.55%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEQI T. Rowe Price Equity Income ETF	1.55%	1.71%	1.86%	2.12%	2.32%	3.03%	0.82%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	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 TEQI and VOO in my portfolio?

TEQI and VOO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEQI or VOO?

VOO has higher volatility (2.84%) compared to TEQI (2.68%). In terms of maximum drawdown, TEQI dropped -17.82% vs VOO's -33.99%.

Which ETF is better, TEQI or VOO?

On 5-year performance, VOO leads with 13.90% vs 9.02% for TEQI. On fees, VOO is cheaper at 0.03% per year. On volatility, TEQI has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEQI or VOO?

Over the 5-year period, VOO has performed better with a 13.90% return vs 9.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEQI or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.54% for TEQI.

Which ETF pays a higher dividend yield, TEQI or VOO?

TEQI has the higher dividend yield at 1.55%, compared with 1.03% for VOO.

What is the main difference between TEQI and VOO?

TEQI is categorized as Large Cap Value Equities, while VOO is S&P 500. They also come from different issuers: T. Rowe Price and Vanguard. Their fees differ too: 0.54% for TEQI and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 vs 1.94), 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.