VEIRX vs. VOO

Last updated Jun 3, 2026

VEIRX (Vanguard Equity Income Fund Admiral Shares) and VOO (Vanguard S&P 500 ETF) are both funds - VEIRX is a Large Cap Value Equities fund managed by Vanguard, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, VEIRX returned 11.87%/yr vs 15.65%/yr for VOO. Their correlation of 0.88 suggests significant overlap in exposure. VEIRX charges 0.19%/yr vs 0.03%/yr for VOO.

Performance

VEIRX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Equity Income Fund Admiral Shares (VEIRX) 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, VEIRX achieves a 8.88% return, which is significantly lower than VOO's 11.69% return. Over the past 10 years, VEIRX has underperformed VOO with an annualized return of 11.87%, while VOO has yielded a comparatively higher 15.65% annualized return.

VEIRX

• 1D: -0.10%
• 1M: 1.19%
• YTD: 8.88%
• 6M: 10.21%
• 1Y: 23.45%
• 3Y*: 17.31%
• 5Y*: 11.01%
• 10Y*: 11.87%

VOO

• 1D: 0.14%
• 1M: 5.39%
• YTD: 11.69%
• 6M: 12.11%
• 1Y: 29.68%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VEIRX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEIRX Vanguard Equity Income Fund Admiral Shares	8.88%	17.25%	14.91%	7.76%	-0.08%	25.49%	3.08%	25.34%	-5.68%	17.68%
VOO Vanguard S&P 500 ETF	11.69%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between VEIRX and VOO is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010	0.88

Over the past year, the correlation between VEIRX and VOO has dropped to 0.67 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

VEIRX vs. VOO - Sectors Allocation Comparison

Sectors	VEIRX	VOO
Financial Services	20.5%	11.6%
Healthcare	14.8%	8.5%
Technology	13.0%	35.7%
Industrials	10.6%	8.3%
Consumer Defensive	9.4%	4.9%
Energy	8.3%	3.5%
Utilities	7.0%	2.4%
Consumer Cyclical	6.0%	10.2%
Basic Materials	3.4%	1.8%
Communication Services	2.9%	11.3%
Real Estate	1.9%	1.9%

Return for Risk

VEIRX vs. VOO — Risk / Return Rank

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

VEIRX

VEIRX Risk / Return Rank: 64
VEIRX Sharpe Ratio Rank: 63
VEIRX Sortino Ratio Rank: 62
VEIRX Omega Ratio Rank: 58
VEIRX Calmar Ratio Rank: 73
VEIRX Martin Ratio Rank: 63

VOO

VOO Risk / Return Rank: 75
VOO Sharpe Ratio Rank: 77
VOO Sortino Ratio Rank: 75
VOO Omega Ratio Rank: 76
VOO Calmar Ratio Rank: 68
VOO Martin Ratio Rank: 80

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.

VEIRX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Equity Income Fund Admiral Shares (VEIRX) 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.

	VEIRX	VOO	Difference
Sharpe ratio Return per unit of total volatility	2.33	2.53	-0.20
Sortino ratio Return per unit of downside risk	3.31	3.43	-0.12
Omega ratio Gain probability vs. loss probability	1.42	1.46	-0.04
Calmar ratio Return relative to maximum drawdown	3.35	3.42	-0.07
Martin ratio Return relative to average drawdown	12.55	15.95	-3.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEIRX vs. VOO - Sharpe Ratio Comparison

The current VEIRX Sharpe Ratio is 2.33, which is comparable to the VOO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of VEIRX 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

	VEIRX	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.53	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.85	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.87	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.89	-0.38

Drawdowns

VEIRX vs. VOO - Drawdown Comparison

The maximum VEIRX drawdown since its inception was -54.02%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VEIRX and VOO.

Drawdown Indicators

	VEIRX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-54.02%	-33.99%	-20.03%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-8.90%	+1.77%
Max Drawdown (3Y) Largest decline over 3 years	-13.36%	-18.69%	+5.33%
Max Drawdown (5Y) Largest decline over 5 years	-15.12%	-24.52%	+9.40%
Max Drawdown (10Y) Largest decline over 10 years	-35.26%	-33.99%	-1.27%
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-6.50%	-3.69%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.91%	0.00%

Volatility

VEIRX vs. VOO - Volatility Comparison

Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard S&P 500 ETF (VOO) have volatilities of 2.77% and 2.74%, 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

	VEIRX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	2.74%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.64%	8.88%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	10.25%	11.78%	-1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	16.81%	-2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	18.01%	-1.70%

VEIRX vs. VOO - Expense Ratio Comparison

VEIRX has a 0.19% 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

VEIRX vs. VOO - Dividend Comparison

VEIRX's dividend yield for the trailing twelve months is around 10.20%, more than VOO's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEIRX Vanguard Equity Income Fund Admiral Shares	10.20%	11.03%	9.83%	7.96%	8.79%	7.71%	2.86%	4.45%	10.98%	3.04%	3.87%	6.48%
VOO Vanguard S&P 500 ETF	1.02%	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 VEIRX and VOO in my portfolio?

VEIRX and VOO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEIRX or VOO?

VEIRX has higher volatility (2.77%) compared to VOO (2.74%). In terms of maximum drawdown, VEIRX dropped -54.02% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.53 vs 2.33), 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.