VOO vs. IVR
VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while IVR (Invesco Mortgage Capital Inc.) is a stock. Over the past 10 years, VOO returned 15.50%/yr vs -11.54%/yr for IVR. At a 0.43 correlation, their price movements are largely independent.
Performance
VOO vs. IVR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VOO achieves a 9.08% return, which is significantly higher than IVR's 1.55% return. Over the past 10 years, VOO has outperformed IVR with an annualized return of 15.50%, while IVR has yielded a comparatively lower -11.54% annualized return.
VOO
- 1D
- 0.55%
- 1M
- 0.37%
- YTD
- 9.08%
- 6M
- 9.44%
- 1Y
- 25.76%
- 3Y*
- 20.95%
- 5Y*
- 13.43%
- 10Y*
- 15.50%
IVR
- 1D
- -0.75%
- 1M
- 1.04%
- YTD
- 1.55%
- 6M
- 10.30%
- 1Y
- 26.54%
- 3Y*
- 7.30%
- 5Y*
- -14.67%
- 10Y*
- -11.54%
VOO vs. IVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 9.08% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
IVR Invesco Mortgage Capital Inc. | 1.55% | 24.87% | 9.03% | -14.30% | -44.56% | -9.34% | -72.54% | 28.97% | -6.81% | 34.61% |
Correlation
The correlation between VOO and IVR is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.43 |
The correlation between VOO and IVR shifts across timeframes, from 0.37 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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. IVR — Risk / Return Rank
VOO
IVR
VOO vs. IVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Invesco Mortgage Capital Inc. (IVR). 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 | IVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.52 | +1.23 |
| Martin ratioReturn relative to average drawdown | 12.42 | 4.11 | +8.31 |
Loading charts...
Drawdowns
VOO vs. IVR - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum IVR drawdown of -92.55%. Use the drawdown chart below to compare losses from any high point for VOO and IVR.
Loading charts...
Drawdown Indicators
| VOO | IVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -92.55% | +58.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -16.54% | +7.64% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -45.38% | +26.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -76.67% | +52.15% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -92.55% | +58.56% |
Current DrawdownCurrent decline from peak | -2.34% | -85.09% | +82.75% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -35.89% | +32.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 6.12% | -4.15% |
Volatility
VOO vs. IVR - Volatility Comparison
The current volatility for Vanguard S&P 500 ETF (VOO) is 4.34%, while Invesco Mortgage Capital Inc. (IVR) has a volatility of 4.65%. This indicates that VOO experiences smaller price fluctuations and is considered to be less risky than IVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VOO | IVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.65% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 17.33% | -7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 22.57% | -10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 35.46% | -18.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 56.14% | -38.11% |
Dividends
VOO vs. IVR - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.05%, less than IVR's 20.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVR Invesco Mortgage Capital Inc. | 20.65% | 16.41% | 19.88% | 25.40% | 26.32% | 12.59% | 31.66% | 11.11% | 14.95% | 9.14% | 10.96% | 13.72% |
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 IVR have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVR has higher volatility (4.65%) compared to VOO (4.34%). In terms of maximum drawdown, VOO dropped -33.99% vs IVR's -92.55%.
VOO currently has the higher Sharpe Ratio (1.99 vs 1.12), 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 IVR
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