VOO vs. SPDV
Compare and contrast key facts about Vanguard S&P 500 ETF (VOO) and AAM S&P 500 High Dividend Value ETF (SPDV).
VOO and SPDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPDV is a passively managed fund by Advisors Asset Management that tracks the performance of the S&P 500 Dividend and Free Cash Flow Yield Index. It was launched on Nov 28, 2017. Both VOO and SPDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VOO vs. SPDV - Performance Comparison
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VOO vs. SPDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 2.13% |
SPDV AAM S&P 500 High Dividend Value ETF | 8.31% | 10.90% | 14.40% | 5.45% | -2.27% | 29.54% | -6.09% | 20.46% | -6.59% | 3.65% |
Returns By Period
In the year-to-date period, VOO achieves a -4.42% return, which is significantly lower than SPDV's 8.31% return.
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
SPDV
- 1D
- 0.78%
- 1M
- -2.66%
- YTD
- 8.31%
- 6M
- 9.18%
- 1Y
- 18.90%
- 3Y*
- 14.04%
- 5Y*
- 8.98%
- 10Y*
- —
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VOO vs. SPDV - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is lower than SPDV's 0.29% expense ratio.
Return for Risk
VOO vs. SPDV — Risk / Return Rank
VOO
SPDV
VOO vs. SPDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and AAM S&P 500 High Dividend Value ETF (SPDV). 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.
| VOO | SPDV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.08 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.58 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.44 | +0.09 |
Martin ratioReturn relative to average drawdown | 7.29 | 6.09 | +1.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VOO | SPDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.08 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.55 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.43 | +0.40 |
Correlation
The correlation between VOO and SPDV is 0.72, 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.
Dividends
VOO vs. SPDV - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.19%, less than SPDV's 3.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
SPDV AAM S&P 500 High Dividend Value ETF | 3.50% | 3.85% | 3.54% | 3.95% | 3.73% | 3.08% | 3.90% | 3.54% | 3.63% | 0.28% | 0.00% | 0.00% |
Drawdowns
VOO vs. SPDV - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum SPDV drawdown of -43.81%. Use the drawdown chart below to compare losses from any high point for VOO and SPDV.
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Drawdown Indicators
| VOO | SPDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -43.81% | +9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -13.91% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -21.31% | -3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | — | — |
Current DrawdownCurrent decline from peak | -6.29% | -3.31% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -6.67% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.29% | -0.77% |
Volatility
VOO vs. SPDV - Volatility Comparison
Vanguard S&P 500 ETF (VOO) has a higher volatility of 5.29% compared to AAM S&P 500 High Dividend Value ETF (SPDV) at 3.07%. This indicates that VOO's price experiences larger fluctuations and is considered to be riskier than SPDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOO | SPDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 3.07% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 9.25% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 17.61% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 16.41% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 20.48% | -2.49% |