UTHY vs. VOO
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 -2.16%/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
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Returns By Period
In the year-to-date period, UTHY achieves a -0.35% return, which is significantly lower than VOO's 10.91% return.
UTHY
- 1D
- -0.33%
- 1M
- 0.79%
- YTD
- -0.35%
- 6M
- -1.86%
- 1Y
- 4.46%
- 3Y*
- -2.16%
- 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%
UTHY vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTHY US Treasury 30 Year Bond ETF | -0.35% | 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 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
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 |
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Return for Risk
UTHY vs. VOO — Risk / Return Rank
UTHY
VOO
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 ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.43 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 3.16 | -2.55 |
| Martin ratioReturn relative to average drawdown | 1.54 | 14.73 | -13.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UTHY | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.39 | -1.91 |
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 | -1.07 |
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.
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Drawdown Indicators
| UTHY | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -11.44% | -0.70% | -10.74% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -3.69% | -7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.91% | +1.00% |
Volatility
UTHY vs. VOO - Volatility Comparison
US Treasury 30 Year Bond ETF (UTHY) and Vanguard S&P 500 ETF (VOO) have volatilities of 2.72% 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.
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Volatility by Period
| UTHY | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.84% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 8.90% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.41% | 11.80% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 16.81% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.65% | 18.01% | -4.36% |
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 4.64%, 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 | 4.64% | 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
UTHY and VOO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (2.84%) compared to UTHY (2.72%). In terms of maximum drawdown, UTHY dropped -21.86% vs VOO's -33.99%.
On 3-year performance, VOO leads with 22.44% vs -2.16% for UTHY. On fees, VOO is cheaper at 0.03% per year. On volatility, UTHY has been the lower-risk option at 2.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VOO has performed better with a 22.44% return vs -2.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.15% for UTHY.
UTHY has the higher dividend yield at 4.64%, compared with 1.03% for 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.
VOO currently has the higher Sharpe Ratio (2.39 vs 0.48), 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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