VOO vs. CVSA
VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while CVSA (Covista Inc.) is a stock. Over the past 10 years, VOO returned 14.95%/yr vs 17.86%/yr for CVSA. Their 0.41 correlation means their historical movements had little consistent relationship.
Performance
VOO vs. CVSA - Performance Comparison
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Returns By Period
In the year-to-date period, VOO achieves a 8.95% return, which is significantly lower than CVSA's 11.96% return. Over the past 10 years, VOO has underperformed CVSA with an annualized return of 14.95%, while CVSA has yielded a comparatively higher 17.86% annualized return.
VOO
- 1D
- 0.08%
- 1M
- 0.80%
- 6M
- 7.80%
- YTD
- 8.95%
- 1Y
- 17.35%
- 3Y*
- 19.06%
- 5Y*
- 12.51%
- 10Y*
- 14.95%
- ALL TIME*
- 14.72%
CVSA
- 1D
- 0.62%
- 1M
- -6.70%
- 6M
- -4.49%
- YTD
- 11.96%
- 1Y
- 0.63%
- 3Y*
- 38.38%
- 5Y*
- 26.67%
- 10Y*
- 17.86%
- ALL TIME*
- 14.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CVSA Covista Inc. | $44.54M | $47.91M | $41.08M |
| $3.42B | $4.58B | $5.39B |
VOO vs. CVSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 8.95% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
CVSA Covista Inc. | 11.96% | 13.89% | 54.11% | 66.06% | 20.09% | -12.93% | -2.92% | -26.10% | 12.53% | 34.78% |
Correlation
The correlation between VOO and CVSA is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.41 |
Over the past year, the correlation between VOO and CVSA has dropped to 0.09 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
VOO vs. CVSA — Risk / Return Rank
VOO
CVSA
VOO vs. CVSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Covista Inc. (CVSA). 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 | CVSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 0.03 | +1.98 |
| Martin ratioReturn relative to average drawdown | 8.67 | 0.05 | +8.61 |
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Drawdowns
VOO vs. CVSA - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum CVSA drawdown of -77.26%. Use the drawdown chart below to compare losses from any high point for VOO and CVSA.
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Drawdown Indicators
| VOO | CVSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -77.26% | +43.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -42.14% | +33.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -42.14% | +23.45% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -50.23% | +25.71% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -66.06% | +32.07% |
Current DrawdownCurrent decline from peak | -2.45% | -25.00% | +22.55% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -30.63% | +26.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 24.99% | -22.93% |
Volatility
VOO vs. CVSA - Volatility Comparison
The current volatility for Vanguard S&P 500 ETF (VOO) is 3.22%, while Covista Inc. (CVSA) has a volatility of 16.75%. This indicates that VOO experiences smaller price fluctuations and is considered to be less risky than CVSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOO | CVSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 16.75% | -13.53% |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | 32.38% | -22.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 49.57% | -36.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 42.54% | -25.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 39.61% | -21.61% |
Dividends
VOO vs. CVSA - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.08%, while CVSA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVSA Covista Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.15% | 1.42% |
VOO Vanguard S&P 500 ETF | 1.08% | 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 CVSA have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVSA has higher volatility (16.75%) compared to VOO (3.22%). In terms of maximum drawdown, VOO dropped -33.99% vs CVSA's -77.26%.
VOO currently has the higher Sharpe Ratio (1.42 vs 0.03), 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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