USA vs. VOO
USA (Liberty All-Star Equity Fund) 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, USA returned 12.11%/yr vs 15.14%/yr for VOO. Their 0.78 correlation means they have sometimes moved together and sometimes differently.
Performance
USA vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, USA achieves a 0.57% return, which is significantly lower than VOO's 10.16% return. Over the past 10 years, USA has underperformed VOO with an annualized return of 12.11%, while VOO has yielded a comparatively higher 15.14% annualized return.
USA
- 1D
- 0.00%
- 1M
- 3.10%
- 6M
- 1.24%
- YTD
- 0.57%
- 1Y
- 0.97%
- 3Y*
- 5.91%
- 5Y*
- 2.63%
- 10Y*
- 12.11%
- ALL TIME*
- 7.78%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.20M | $9.40M | $8.31M | |
| $3.82B | $3.78B | $5.44B |
USA vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USA Liberty All-Star Equity Fund | 0.57% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between USA and VOO is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.78 |
The correlation between USA and VOO has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
USA vs. VOO — Risk / Return Rank
USA
VOO
USA vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Liberty All-Star Equity Fund (USA) 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.
| USA | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.21 | -2.24 |
| Martin ratioReturn relative to average drawdown | -0.08 | 9.44 | -9.52 |
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Drawdowns
USA vs. VOO - Drawdown Comparison
The maximum USA drawdown since its inception was -69.15%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for USA and VOO.
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Drawdown Indicators
| USA | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.15% | -33.99% | -35.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -8.90% | -4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -17.69% | -18.69% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -24.52% | -9.53% |
Max Drawdown (10Y)Largest decline over 10 years | -47.07% | -33.99% | -13.08% |
Current DrawdownCurrent decline from peak | -4.83% | -1.38% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -3.67% | -7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 2.08% | +3.08% |
Volatility
USA vs. VOO - Volatility Comparison
Liberty All-Star Equity Fund (USA) has a higher volatility of 3.74% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that USA'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
| USA | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 3.54% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 10.10% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.11% | 12.82% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 16.93% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 18.01% | +4.55% |
Dividends
USA vs. VOO - Dividend Comparison
USA's dividend yield for the trailing twelve months is around 11.53%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USA Liberty All-Star Equity Fund | 11.53% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
VOO Vanguard S&P 500 ETF | 1.07% | 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
USA and VOO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USA has higher volatility (3.74%) compared to VOO (3.54%). In terms of maximum drawdown, USA dropped -69.15% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 vs -0.03), 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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