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VLUE vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VLUE vs. VOO

Last updated Aug 2, 2026
Documentation

VLUE (iShares MSCI USA Value Factor ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - VLUE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, VLUE returned 14.59%/yr vs 15.14%/yr for VOO. Their correlation of 0.83 means they have usually moved in the same direction. VLUE charges 0.15%/yr vs 0.03%/yr for VOO.

Performance

VLUE vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Value Factor ETF (VLUE) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VLUE achieves a 40.90% return, which is significantly higher than VOO's 10.16% return. Both investments have delivered pretty close results over the past 10 years, with VLUE having a 14.59% annualized return and VOO not far ahead at 15.14%.

VLUE

1D
-1.13%
1M
-0.95%
6M
30.89%
YTD
40.90%
1Y
74.68%
3Y*
28.44%
5Y*
15.91%
10Y*
14.59%
ALL TIME*
13.47%

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

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VLUE

iShares MSCI USA Value Factor ETF
$126.51M$186.31M$281.60M

VOO

Vanguard S&P 500 ETF
$3.82B$3.78B$5.44B

VLUE vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VLUE
iShares MSCI USA Value Factor ETF		40.90%32.67%7.25%14.26%-14.17%28.93%-0.23%27.20%-11.13%21.95%
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 VLUE and VOO is 0.73, 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.

0.73

Correlation (3Y)
Balances recent behavior with more history.

0.75

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.82

Correlation (10Y)
Provides a long-term view across more market conditions.

0.84

Correlation (All Time)
Calculated using the full available price history since Apr 18, 2013

0.83

The correlation between VLUE and VOO shifts across timeframes, from 0.73 (1 year) to 0.84 (10 years), reflecting how their relationship changes across market environments.

VLUE vs. VOO - Sectors Allocation Comparison

Sectors
VLUE
VOO

Technology

43.1%
38.6%

Financial Services

10.6%
11.4%

Consumer Cyclical

9.9%
9.5%

Communication Services

8.7%
9.9%

Industrials

7.9%
8.5%

Healthcare

7.8%
8.9%

Consumer Defensive

4.2%
4.5%

Energy

2.8%
3.0%

Utilities

2.0%
2.2%

Real Estate

1.8%
1.8%

Basic Materials

1.2%
1.7%

Technology

VLUE
43.1%
VOO
38.6%

Financial Services

VLUE
10.6%
VOO
11.4%

Consumer Cyclical

VLUE
9.9%
VOO
9.5%

Communication Services

VLUE
8.7%
VOO
9.9%

Industrials

VLUE
7.9%
VOO
8.5%

Healthcare

VLUE
7.8%
VOO
8.9%

Consumer Defensive

VLUE
4.2%
VOO
4.5%

Energy

VLUE
2.8%
VOO
3.0%

Utilities

VLUE
2.0%
VOO
2.2%

Real Estate

VLUE
1.8%
VOO
1.8%

Basic Materials

VLUE
1.2%
VOO
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Value Factor ETF

Vanguard S&P 500 ETF

Often compared with VLUE:
VLUE vs. AVLVVLUE vs. VLUVLUE vs. VTVVLUE vs. IUSVVLUE vs. QVALVLUE vs. SCHVVLUE vs. SCHD
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. FXAIXVOO vs. SPYVOO vs. VGT

Return for Risk

VLUE vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VLUE
VLUE Risk / Return Rank: 9797
Overall Rank
VLUE Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
VLUE Sortino Ratio Rank: 9696
Sortino Ratio Rank
VLUE Omega Ratio Rank: 9696
Omega Ratio Rank
VLUE Calmar Ratio Rank: 9797
Calmar Ratio Rank
VLUE Martin Ratio Rank: 9797
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 6868
Overall Rank
VOO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6565
Sortino Ratio Rank
VOO Omega Ratio Rank: 6666
Omega Ratio Rank
VOO Calmar Ratio Rank: 6464
Calmar Ratio Rank
VOO Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VLUE vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor ETF (VLUE) 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.

VLUEVOODifference
Sharpe ratioReturn per unit of total volatility
3.57
1.53

+2.03

Sortino ratioReturn per unit of downside risk
4.57
2.13

+2.44

Omega ratioGain probability vs. loss probability

1.60

1.28

+0.32

Calmar ratioReturn relative to maximum drawdown

8.06

2.21

+5.86

Martin ratioReturn relative to average drawdown

27.03

9.44

+17.60

VLUE vs. VOO - Sharpe Ratio Comparison

The current VLUE Sharpe Ratio is 3.57, which is higher than the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of VLUE 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.

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Drawdowns

VLUE vs. VOO - Drawdown Comparison

The maximum VLUE drawdown since its inception was -39.47%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VLUE and VOO.

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Drawdown Indicators

VLUEVOODifference

Max Drawdown

Largest peak-to-trough decline

-39.47%

-33.99%

-5.48%

Max Drawdown (1Y)

Largest decline over 1 year

-9.04%

-8.90%

-0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-17.89%

-18.69%

+0.80%

Max Drawdown (5Y)

Largest decline over 5 years

-27.12%

-24.52%

-2.60%

Max Drawdown (10Y)

Largest decline over 10 years

-39.47%

-33.99%

-5.48%

Current Drawdown

Current decline from peak

-6.57%

-1.38%

-5.19%

Average Drawdown

Average peak-to-trough decline

-5.99%

-3.67%

-2.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.69%

2.08%

+0.61%

Volatility

VLUE vs. VOO - Volatility Comparison

iShares MSCI USA Value Factor ETF (VLUE) has a higher volatility of 6.56% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that VLUE'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

VLUEVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.56%

3.54%

+3.02%

Volatility (6M)

Calculated over the trailing 6-month period

17.51%

10.10%

+7.41%

Volatility (1Y)

Calculated over the trailing 1-year period

20.49%

12.82%

+7.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.37%

16.93%

+1.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.05%

18.01%

+2.04%

VLUE vs. VOO - Expense Ratio Comparison

VLUE 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

VLUE vs. VOO - Dividend Comparison

VLUE's dividend yield for the trailing twelve months is around 1.47%, more than VOO's 1.07% yield.

PositionTTM20252024202320222021202020192018201720162015
VLUE
iShares MSCI USA Value Factor ETF		1.47%2.11%2.73%2.66%3.18%2.22%2.42%2.61%2.70%2.14%2.07%2.39%
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

VLUE and VOO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VLUE has higher volatility (6.56%) compared to VOO (3.54%). In terms of maximum drawdown, VLUE dropped -39.47% vs VOO's -33.99%.

On 10-year performance, VOO leads with 15.14% vs 14.59% for VLUE. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VOO has performed better with a 15.14% return vs 14.59%. 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 VLUE.

VLUE has the higher dividend yield at 1.47%, compared with 1.07% for VOO.

VLUE is categorized as Large Cap Value Equities, while VOO is S&P 500. VLUE tracks MSCI USA Enhanced Value Index, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.15% for VLUE and 0.03% for VOO.

VLUE currently has the higher Sharpe Ratio (3.57 vs 1.53), 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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