VOO vs. CEG
VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while CEG (Constellation Energy Corp) is a stock. Over the past 3 years, VOO returned 20.95%/yr vs 40.06%/yr for CEG. At a 0.46 correlation, their price movements are largely independent.
Performance
VOO vs. CEG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VOO achieves a 9.08% return, which is significantly higher than CEG's -27.96% return.
VOO
- 1D
- 0.55%
- 1M
- -0.07%
- YTD
- 9.08%
- 6M
- 9.44%
- 1Y
- 24.36%
- 3Y*
- 20.95%
- 5Y*
- 13.43%
- 10Y*
- 15.50%
CEG
- 1D
- 2.86%
- 1M
- -7.54%
- YTD
- -27.96%
- 6M
- -27.70%
- 1Y
- -15.08%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
VOO vs. CEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 9.08% | 17.82% | 24.98% | 26.32% | -14.21% |
CEG Constellation Energy Corp | -27.96% | 58.80% | 92.71% | 37.24% | 73.87% |
Correlation
The correlation between VOO and CEG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.46 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VOO vs. CEG — Risk / Return Rank
VOO
CEG
VOO vs. CEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Constellation Energy Corp (CEG). 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.
| VOO | CEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.98 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | -0.38 | +3.13 |
| Martin ratioReturn relative to average drawdown | 12.42 | -0.78 | +13.20 |
Loading charts...
Drawdowns
VOO vs. CEG - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum CEG drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for VOO and CEG.
Loading charts...
Drawdown Indicators
| VOO | CEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -50.70% | +16.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -39.77% | +30.87% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -50.70% | +32.01% |
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 | -2.34% | -36.93% | +34.59% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -11.67% | +7.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 19.38% | -17.41% |
Volatility
VOO vs. CEG - Volatility Comparison
The current volatility for Vanguard S&P 500 ETF (VOO) is 4.34%, while Constellation Energy Corp (CEG) has a volatility of 15.26%. This indicates that VOO experiences smaller price fluctuations and is considered to be less risky than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VOO | CEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 15.26% | -10.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 37.72% | -28.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 46.66% | -34.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 49.38% | -32.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 49.38% | -31.35% |
Dividends
VOO vs. CEG - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.05%, more than CEG's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.05% | 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
VOO and CEG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (15.26%) compared to VOO (4.34%). In terms of maximum drawdown, VOO dropped -33.99% vs CEG's -50.70%.
VOO currently has the higher Sharpe Ratio (1.99 vs -0.32), 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.
Find the right allocation for VOO and CEG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer