VO vs. VOO
Compare and contrast key facts about Vanguard Mid-Cap ETF (VO) and Vanguard S&P 500 ETF (VOO).
VO and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both VO and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VO or VOO.
Performance
VO vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, VO achieves a 18.83% return, which is significantly lower than VOO's 24.51% return. Over the past 10 years, VO has underperformed VOO with an annualized return of 10.06%, while VOO has yielded a comparatively higher 13.12% annualized return.
VO
18.83%
0.96%
10.72%
30.56%
11.31%
10.06%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| VO | VOO | |
|---|---|---|
| Sharpe Ratio | 2.44 | 2.64 |
| Sortino Ratio | 3.36 | 3.53 |
| Omega Ratio | 1.42 | 1.49 |
| Calmar Ratio | 1.88 | 3.81 |
| Martin Ratio | 14.64 | 17.34 |
| Ulcer Index | 2.05% | 1.86% |
| Daily Std Dev | 12.32% | 12.20% |
| Max Drawdown | -58.89% | -33.99% |
| Current Drawdown | -2.28% | -2.16% |
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VO vs. VOO - Expense Ratio Comparison
VO has a 0.04% 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%.
Correlation
The correlation between VO and VOO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
VO vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap ETF (VO) 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.
Dividends
VO vs. VOO - Dividend Comparison
VO's dividend yield for the trailing twelve months is around 1.83%, more than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VO Vanguard Mid-Cap ETF | 1.83% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.18% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VO vs. VOO - Drawdown Comparison
The maximum VO drawdown since its inception was -58.89%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VO and VOO. For additional features, visit the drawdowns tool.
Volatility
VO vs. VOO - Volatility Comparison
Vanguard Mid-Cap ETF (VO) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.98% and 4.09%, 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.