UTHY vs. VOO

Last updated Jun 3, 2026

UTHY (US Treasury 30 Year Bond ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - UTHY is a Government Bonds fund tracking the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, UTHY returned -2.05%/yr vs 22.44%/yr for VOO. At a 0.15 correlation, their price movements are largely independent. UTHY charges 0.15%/yr vs 0.03%/yr for VOO.

Performance

UTHY vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Treasury 30 Year Bond ETF (UTHY) 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, UTHY achieves a -0.02% return, which is significantly lower than VOO's 10.91% return.

UTHY

• 1D: 0.18%
• 1M: 0.43%
• YTD: -0.02%
• 6M: -1.28%
• 1Y: 4.71%
• 3Y*: -2.05%
• 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)

UTHY vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UTHY US Treasury 30 Year Bond ETF	-0.02%	3.47%	-8.07%	-2.67%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	21.59%

Correlation

The correlation between UTHY and VOO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Mar 29, 2023	0.15

Return for Risk

UTHY vs. VOO — Risk / Return Rank

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

UTHY

UTHY Risk / Return Rank: 15
UTHY Sharpe Ratio Rank: 17
UTHY Sortino Ratio Rank: 16
UTHY Omega Ratio Rank: 15
UTHY Calmar Ratio Rank: 15
UTHY Martin Ratio Rank: 15

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.

UTHY vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Treasury 30 Year Bond ETF (UTHY) 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.

	UTHY	VOO	Difference
Sharpe ratio Return per unit of total volatility	0.50	2.39	-1.89
Sortino ratio Return per unit of downside risk	0.79	3.25	-2.46
Omega ratio Gain probability vs. loss probability	1.09	1.43	-0.34
Calmar ratio Return relative to maximum drawdown	0.51	3.16	-2.65
Martin ratio Return relative to average drawdown	1.29	14.73	-13.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UTHY vs. VOO - Sharpe Ratio Comparison

The current UTHY Sharpe Ratio is 0.50, which is lower than the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of UTHY 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

	UTHY	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	2.39	-1.89
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	-0.18	0.89	-1.06

Drawdowns

UTHY vs. VOO - Drawdown Comparison

The maximum UTHY drawdown since its inception was -21.86%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for UTHY and VOO.

Drawdown Indicators

	UTHY	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-21.86%	-33.99%	+12.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-8.90%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-18.58%	-18.69%	+0.11%
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	-11.15%	-0.70%	-10.45%
Average Drawdown Average peak-to-trough decline	-10.71%	-3.69%	-7.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	1.91%	+0.98%

Volatility

UTHY vs. VOO - Volatility Comparison

US Treasury 30 Year Bond ETF (UTHY) and Vanguard S&P 500 ETF (VOO) have volatilities of 2.79% and 2.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTHY	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	2.84%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	6.30%	8.90%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	9.45%	11.80%	-2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	16.81%	-3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	18.01%	-4.35%

UTHY vs. VOO - Expense Ratio Comparison

UTHY has a 0.15% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

UTHY vs. VOO - Dividend Comparison

UTHY's dividend yield for the trailing twelve months is around 4.63%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UTHY US Treasury 30 Year Bond ETF	4.63%	4.53%	4.58%	2.81%	0.00%	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 UTHY and VOO in my portfolio?

UTHY and VOO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UTHY or VOO?

VOO has higher volatility (2.84%) compared to UTHY (2.79%). In terms of maximum drawdown, UTHY dropped -21.86% vs VOO's -33.99%.

Which ETF is better, UTHY or VOO?

On 3-year performance, VOO leads with 22.44% vs -2.05% for UTHY. On fees, VOO is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UTHY or VOO?

Over the 3-year period, VOO has performed better with a 22.44% return vs -2.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UTHY or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.15% for UTHY.

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

UTHY has the higher dividend yield at 4.63%, compared with 1.03% for VOO.

What is the main difference between UTHY and VOO?

UTHY is categorized as Government Bonds, while VOO is S&P 500. UTHY tracks ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while VOO tracks S&P 500 Index. They also come from different issuers: US Benchmark Series and Vanguard. Their fees differ too: 0.15% for UTHY and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 vs 0.50), 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.