VOO vs. VOOG

Last updated Apr 9, 2026

VOO (Vanguard S&P 500 ETF) and VOOG (Vanguard S&P 500 Growth ETF) are both S&P 500 funds from Vanguard — VOO tracks the S&P 500 Index while VOOG tracks the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, VOO returned 14.63%/yr vs 16.45%/yr for VOOG. Their correlation of 0.95 suggests significant overlap in exposure. VOO charges 0.03%/yr vs 0.07%/yr for VOOG.

Performance

VOO vs. VOOG - Performance Comparison

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

Returns By Period

In the year-to-date period, VOO achieves a -0.61% return, which is significantly higher than VOOG's -3.23% return. Over the past 10 years, VOO has underperformed VOOG with an annualized return of 14.63%, while VOOG has yielded a comparatively higher 16.45% annualized return.

VOO

• 1D: 2.52%
• 1M: -0.08%
• YTD: -0.61%
• 6M: 1.02%
• 1Y: 37.67%
• 3Y*: 19.83%
• 5Y*: 12.02%
• 10Y*: 14.63%

VOOG

• 1D: 3.01%
• 1M: -0.44%
• YTD: -3.23%
• 6M: -2.11%
• 1Y: 44.37%
• 3Y*: 23.80%
• 5Y*: 12.44%
• 10Y*: 16.45%

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

VOO vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOO Vanguard S&P 500 ETF	-0.61%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%
VOOG Vanguard S&P 500 Growth ETF	-3.23%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%

Correlation

The correlation between VOO and VOOG is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010	0.95

The correlation between VOO and VOOG has been stable across timeframes, ranging from 0.94 to 0.95 — a consistent structural relationship.

VOO vs. VOOG - Expense Ratio Comparison

VOO has a 0.03% expense ratio, which is lower than VOOG's 0.07% 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%.

Return for Risk

VOO vs. VOOG — Risk / Return Rank

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

VOO

VOO Risk / Return Rank: 80
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 79
VOO Omega Ratio Rank: 79
VOO Calmar Ratio Rank: 82
VOO Martin Ratio Rank: 89

VOOG

VOOG Risk / Return Rank: 70
VOOG Sharpe Ratio Rank: 65
VOOG Sortino Ratio Rank: 71
VOOG Omega Ratio Rank: 69
VOOG Calmar Ratio Rank: 69
VOOG Martin Ratio Rank: 75

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. VOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Vanguard S&P 500 Growth ETF (VOOG). 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	VOOG	Difference
Sharpe ratio Return per unit of total volatility	2.30	2.16	+0.15
Sortino ratio Return per unit of downside risk	3.63	3.32	+0.32
Omega ratio Gain probability vs. loss probability	1.50	1.44	+0.06
Calmar ratio Return relative to maximum drawdown	3.94	3.15	+0.79
Martin ratio Return relative to average drawdown	17.63	12.91	+4.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOO vs. VOOG - Sharpe Ratio Comparison

The current VOO Sharpe Ratio is 2.30, which is comparable to the VOOG Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of VOO and VOOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VOO	VOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.16	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.59	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.80	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.85	-0.01

Drawdowns

VOO vs. VOOG - Drawdown Comparison

The maximum VOO drawdown since its inception was -33.99%, roughly equal to the maximum VOOG drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for VOO and VOOG.

Drawdown Indicators

	VOO	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-32.73%	-1.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-13.71%	+4.81%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-32.73%	+8.21%
Max Drawdown (10Y) Largest decline over 10 years	-33.99%	-32.73%	-1.26%
Current Drawdown Current decline from peak	-2.56%	-5.42%	+2.86%
Average Drawdown Average peak-to-trough decline	-3.72%	-5.01%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	3.35%	-1.36%

Volatility

VOO vs. VOOG - Volatility Comparison

The current volatility for Vanguard S&P 500 ETF (VOO) is 5.69%, while Vanguard S&P 500 Growth ETF (VOOG) has a volatility of 7.54%. This indicates that VOO experiences smaller price fluctuations and is considered to be less risky than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOO	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	7.54%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	9.79%	13.03%	-3.24%
Volatility (1Y) Calculated over the trailing 1-year period	16.60%	20.83%	-4.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.84%	21.18%	-4.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	20.67%	-2.67%

Dividends

VOO vs. VOOG - Dividend Comparison

VOO's dividend yield for the trailing twelve months is around 1.15%, more than VOOG's 0.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOO Vanguard S&P 500 ETF	1.15%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
VOOG Vanguard S&P 500 Growth ETF	0.51%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%