UNVGY vs. VOO

Last updated Jun 4, 2026

UNVGY (Universal Music Group N.V) 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, UNVGY returned 2.72%/yr vs 22.44%/yr for VOO. At a 0.32 correlation, their price movements are largely independent.

Performance

UNVGY vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Universal Music Group N.V (UNVGY) 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, UNVGY achieves a -19.93% return, which is significantly lower than VOO's 10.91% return.

UNVGY

• 1D: -7.54%
• 1M: -1.77%
• YTD: -19.93%
• 6M: -16.40%
• 1Y: -31.35%
• 3Y*: 2.72%
• 5Y*: —
• 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)

UNVGY vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UNVGY Universal Music Group N.V	-19.93%	4.23%	-8.97%	22.06%	-11.72%	-10.09%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	26.32%	-18.17%	1.97%

Correlation

The correlation between UNVGY and VOO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021	0.32

Return for Risk

UNVGY vs. VOO — Risk / Return Rank

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

UNVGY

UNVGY Risk / Return Rank: 10
UNVGY Sharpe Ratio Rank: 6
UNVGY Sortino Ratio Rank: 9
UNVGY Omega Ratio Rank: 9
UNVGY Calmar Ratio Rank: 16
UNVGY Martin Ratio Rank: 10

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.

UNVGY vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Universal Music Group N.V (UNVGY) 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.

	UNVGY	VOO	Difference
Sharpe ratio Return per unit of total volatility	-0.92	2.39	-3.31
Sortino ratio Return per unit of downside risk	-1.25	3.25	-4.50
Omega ratio Gain probability vs. loss probability	0.84	1.43	-0.59
Calmar ratio Return relative to maximum drawdown	-0.69	3.16	-3.85
Martin ratio Return relative to average drawdown	-1.34	14.73	-16.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UNVGY vs. VOO - Sharpe Ratio Comparison

The current UNVGY Sharpe Ratio is -0.92, which is lower than the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of UNVGY 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

	UNVGY	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.92	2.39	-3.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	0.89	-1.06

Drawdowns

UNVGY vs. VOO - Drawdown Comparison

The maximum UNVGY drawdown since its inception was -47.32%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for UNVGY and VOO.

Drawdown Indicators

	UNVGY	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-47.32%	-33.99%	-13.33%
Max Drawdown (1Y) Largest decline over 1 year	-45.81%	-8.90%	-36.91%
Max Drawdown (3Y) Largest decline over 3 years	-45.81%	-18.69%	-27.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-36.21%	-0.70%	-35.51%
Average Drawdown Average peak-to-trough decline	-19.76%	-3.69%	-16.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.49%	1.91%	+21.58%

Volatility

UNVGY vs. VOO - Volatility Comparison

Universal Music Group N.V (UNVGY) has a higher volatility of 11.56% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that UNVGY'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

	UNVGY	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.56%	2.84%	+8.72%
Volatility (6M) Calculated over the trailing 6-month period	28.58%	8.90%	+19.68%
Volatility (1Y) Calculated over the trailing 1-year period	34.23%	11.80%	+22.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.73%	16.81%	+20.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.73%	18.01%	+19.72%

Dividends

UNVGY vs. VOO - Dividend Comparison

UNVGY's dividend yield for the trailing twelve months is around 2.93%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UNVGY Universal Music Group N.V	2.93%	2.28%	2.14%	1.96%	1.85%	0.00%	0.00%	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 UNVGY and VOO in my portfolio?

UNVGY and VOO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UNVGY or VOO?

UNVGY has higher volatility (11.56%) compared to VOO (2.84%). In terms of maximum drawdown, UNVGY dropped -47.32% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 vs -0.92), 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.