VOE vs. VOO
Compare and contrast key facts about Vanguard Mid-Cap Value ETF (VOE) and Vanguard S&P 500 ETF (VOO).
VOE and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. 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 VOE 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: VOE or VOO.
Performance
VOE vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, VOE achieves a 21.23% return, which is significantly lower than VOO's 26.16% return. Over the past 10 years, VOE has underperformed VOO with an annualized return of 9.24%, while VOO has yielded a comparatively higher 13.18% annualized return.
VOE
21.23%
2.98%
14.99%
30.91%
10.93%
9.24%
VOO
26.16%
1.77%
13.62%
32.33%
15.68%
13.18%
Key characteristics
| VOE | VOO | |
|---|---|---|
| Sharpe Ratio | 2.69 | 2.70 |
| Sortino Ratio | 3.72 | 3.60 |
| Omega Ratio | 1.47 | 1.50 |
| Calmar Ratio | 3.70 | 3.90 |
| Martin Ratio | 16.37 | 17.65 |
| Ulcer Index | 1.93% | 1.86% |
| Daily Std Dev | 11.77% | 12.19% |
| Max Drawdown | -61.55% | -33.99% |
| Current Drawdown | 0.00% | -0.86% |
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VOE vs. VOO - Expense Ratio Comparison
VOE has a 0.07% 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 VOE and VOO is 0.88, 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
VOE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value ETF (VOE) 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
VOE vs. VOO - Dividend Comparison
VOE's dividend yield for the trailing twelve months is around 2.04%, more than VOO's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOE Vanguard Mid-Cap Value ETF | 2.04% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VOE vs. VOO - Drawdown Comparison
The maximum VOE drawdown since its inception was -61.55%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VOE and VOO. For additional features, visit the drawdowns tool.
Volatility
VOE vs. VOO - Volatility Comparison
The current volatility for Vanguard Mid-Cap Value ETF (VOE) is 3.59%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.99%. This indicates that VOE experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.