VOO vs. ESGV

Last updated Jun 25, 2026

VOO (Vanguard S&P 500 ETF) and ESGV (Vanguard ESG U.S. Stock ETF) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while ESGV is a Large Cap Blend Equities fund tracking the FTSE US All Cap Choice Index. Both are passively managed. Over the past 5 years, VOO returned 13.02%/yr vs 11.52%/yr for ESGV. With a 0.99 correlation, they move nearly in lockstep. VOO charges 0.03%/yr vs 0.09%/yr for ESGV.

Performance

VOO vs. ESGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 ETF (VOO) and Vanguard ESG U.S. Stock ETF (ESGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VOO having a 8.08% return and ESGV slightly lower at 7.69%.

VOO

• 1D: -0.10%
• 1M: -1.44%
• YTD: 8.08%
• 6M: 6.78%
• 1Y: 22.23%
• 3Y*: 20.75%
• 5Y*: 13.02%
• 10Y*: 15.60%

ESGV

• 1D: -0.05%
• 1M: -1.17%
• YTD: 7.69%
• 6M: 6.35%
• 1Y: 21.75%
• 3Y*: 20.56%
• 5Y*: 11.52%
• 10Y*: —

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

VOO vs. ESGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VOO Vanguard S&P 500 ETF	8.08%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-13.27%
ESGV Vanguard ESG U.S. Stock ETF	7.69%	16.48%	24.69%	30.79%	-24.04%	26.55%	25.69%	33.36%	-14.45%

Correlation

The correlation between VOO and ESGV is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Sep 20, 2018	0.99

The correlation between VOO and ESGV has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

VOO vs. ESGV - Sectors Allocation Comparison

Sectors	VOO	ESGV
Technology	39.1%	43.0%
Financial Services	10.9%	11.4%
Communication Services	10.5%	12.2%
Consumer Cyclical	9.8%	11.7%
Healthcare	8.3%	9.5%
Industrials	7.6%	4.2%
Consumer Defensive	4.5%	3.6%
Energy	3.2%	0.1%
Utilities	2.5%	0.2%
Real Estate	1.8%	2.6%
Basic Materials	1.7%	1.8%

Return for Risk

VOO vs. ESGV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOO

VOO Risk / Return Rank: 60
VOO Sharpe Ratio Rank: 59
VOO Sortino Ratio Rank: 57
VOO Omega Ratio Rank: 59
VOO Calmar Ratio Rank: 57
VOO Martin Ratio Rank: 68

ESGV

ESGV Risk / Return Rank: 47
ESGV Sharpe Ratio Rank: 50
ESGV Sortino Ratio Rank: 48
ESGV Omega Ratio Rank: 49
ESGV Calmar Ratio Rank: 41
ESGV Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VOO vs. ESGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Vanguard ESG U.S. Stock ETF (ESGV). 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	ESGV	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.55	+0.25
Sortino ratio: Return per unit of downside risk	2.46	2.15	+0.31
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.05
Calmar ratio: Return relative to maximum drawdown	2.51	1.88	+0.63
Martin ratio: Return relative to average drawdown	11.16	7.84	+3.33

VOO vs. ESGV - Sharpe Ratio Comparison

The current VOO Sharpe Ratio is 1.80, which is comparable to the ESGV Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of VOO and ESGV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VOO vs. ESGV - Drawdown Comparison

The maximum VOO drawdown since its inception was -33.99%, roughly equal to the maximum ESGV drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for VOO and ESGV.

Drawdown Indicators

	VOO	ESGV	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-33.66%	-0.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-11.60%	+2.70%
Max Drawdown (3Y) Largest decline over 3 years	-18.69%	-20.41%	+1.72%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-28.81%	+4.29%
Max Drawdown (10Y) Largest decline over 10 years	-33.99%	—	—
Current Drawdown Current decline from peak	-3.23%	-3.61%	+0.38%
Average Drawdown Average peak-to-trough decline	-3.68%	-6.40%	+2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.78%	-0.78%

Volatility

VOO vs. ESGV - Volatility Comparison

The current volatility for Vanguard S&P 500 ETF (VOO) is 4.80%, while Vanguard ESG U.S. Stock ETF (ESGV) has a volatility of 5.59%. This indicates that VOO experiences smaller price fluctuations and is considered to be less risky than ESGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOO	ESGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	5.59%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	9.79%	11.22%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	14.12%	-1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	18.48%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	20.59%	-2.57%

VOO vs. ESGV - Expense Ratio Comparison

VOO has a 0.03% expense ratio, which is lower than ESGV's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VOO vs. ESGV - Dividend Comparison

VOO's dividend yield for the trailing twelve months is around 1.05%, more than ESGV's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESGV Vanguard ESG U.S. Stock ETF	0.89%	0.91%	1.04%	1.16%	1.42%	0.95%	1.11%	1.27%	0.28%	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

Can I hold both VOO and ESGV in my portfolio?

With a correlation of 0.99, VOO and ESGV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VOO or ESGV?

ESGV has higher volatility (5.59%) compared to VOO (4.80%). In terms of maximum drawdown, VOO dropped -33.99% vs ESGV's -33.66%.

Which ETF is better, VOO or ESGV?

On 5-year performance, VOO leads with 13.02% vs 11.52% for ESGV. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOO or ESGV?

Over the 5-year period, VOO has performed better with a 13.02% return vs 11.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOO or ESGV?

VOO is cheaper with a 0.03% expense ratio, compared with 0.09% for ESGV.

Which ETF pays a higher dividend yield, VOO or ESGV?

VOO has the higher dividend yield at 1.05%, compared with 0.89% for ESGV.

What is the main difference between VOO and ESGV?

VOO is categorized as S&P 500, while ESGV is Large Cap Blend Equities. VOO tracks S&P 500 Index, while ESGV tracks FTSE US All Cap Choice Index. Their fees differ too: 0.03% for VOO and 0.09% for ESGV.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.80 vs 1.55), 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.