TS vs. VOO
TS (Tenaris S.A.) 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, TS returned 11.00%/yr vs 15.77%/yr for VOO. At a 0.50 correlation, their price movements are largely independent.
Performance
TS vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, TS achieves a 54.22% return, which is significantly higher than VOO's 9.75% return. Over the past 10 years, TS has underperformed VOO with an annualized return of 11.00%, while VOO has yielded a comparatively higher 15.77% annualized return.
TS
- 1D
- 1.63%
- 1M
- -5.62%
- YTD
- 54.22%
- 6M
- 55.39%
- 1Y
- 65.10%
- 3Y*
- 31.84%
- 5Y*
- 25.34%
- 10Y*
- 11.00%
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%
TS vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TS Tenaris S.A. | 54.22% | 4.98% | 12.88% | 2.63% | 73.26% | 34.03% | -28.87% | 9.68% | -31.51% | -6.68% |
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 TS and VOO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.50 |
Over the past year, the correlation between TS and VOO has dropped to 0.20 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
TS vs. VOO — Risk / Return Rank
TS
VOO
TS vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tenaris S.A. (TS) 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.
| TS | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.93 | 3.02 | +1.91 |
| Martin ratioReturn relative to average drawdown | 12.97 | 13.58 | -0.62 |
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Drawdowns
TS vs. VOO - Drawdown Comparison
The maximum TS drawdown since its inception was -83.34%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TS and VOO.
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Drawdown Indicators
| TS | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.34% | -33.99% | -49.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -8.90% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | -18.69% | -11.12% |
Max Drawdown (5Y)Largest decline over 5 years | -33.71% | -24.52% | -9.19% |
Max Drawdown (10Y)Largest decline over 10 years | -76.21% | -33.99% | -42.22% |
Current DrawdownCurrent decline from peak | -9.17% | -1.74% | -7.43% |
Average DrawdownAverage peak-to-trough decline | -36.74% | -3.68% | -33.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.04% | 1.98% | +3.06% |
Volatility
TS vs. VOO - Volatility Comparison
Tenaris S.A. (TS) has a higher volatility of 9.54% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that TS'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
| TS | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.54% | 4.60% | +4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 21.71% | 9.73% | +11.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.97% | 12.39% | +16.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.65% | 16.90% | +16.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.82% | 18.05% | +18.77% |
Dividends
TS vs. VOO - Dividend Comparison
TS's dividend yield for the trailing twelve months is around 3.06%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TS Tenaris S.A. | 3.06% | 2.96% | 3.55% | 3.11% | 2.56% | 2.59% | 0.88% | 3.62% | 3.85% | 4.39% | 2.41% | 3.78% |
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
TS and VOO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TS has higher volatility (9.54%) compared to VOO (4.60%). In terms of maximum drawdown, TS dropped -83.34% vs VOO's -33.99%.
TS currently has the higher Sharpe Ratio (2.26 vs 2.17), 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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