VOO vs. VTIVX
Compare and contrast key facts about Vanguard S&P 500 ETF (VOO) and Vanguard Target Retirement 2045 Fund (VTIVX).
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. VTIVX is managed by Vanguard. It was launched on Oct 27, 2003.
Performance
VOO vs. VTIVX - Performance Comparison
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VOO vs. VTIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | -3.55% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
VTIVX Vanguard Target Retirement 2045 Fund | -0.55% | 20.01% | 13.68% | 19.72% | -17.38% | 16.16% | 16.31% | 24.94% | -7.89% | 19.16% |
Returns By Period
In the year-to-date period, VOO achieves a -3.55% return, which is significantly lower than VTIVX's -0.55% return. Over the past 10 years, VOO has outperformed VTIVX with an annualized return of 14.19%, while VTIVX has yielded a comparatively lower 10.41% annualized return.
VOO
- 1D
- 0.11%
- 1M
- -4.01%
- YTD
- -3.55%
- 6M
- -1.41%
- 1Y
- 23.49%
- 3Y*
- 18.47%
- 5Y*
- 11.96%
- 10Y*
- 14.19%
VTIVX
- 1D
- -0.14%
- 1M
- -3.25%
- YTD
- -0.55%
- 6M
- 1.52%
- 1Y
- 22.62%
- 3Y*
- 14.97%
- 5Y*
- 8.09%
- 10Y*
- 10.41%
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VOO vs. VTIVX - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is lower than VTIVX's 0.08% 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. VTIVX — Risk / Return Rank
VOO
VTIVX
VOO vs. VTIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Vanguard Target Retirement 2045 Fund (VTIVX). 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 | VTIVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.38 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.98 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.00 | -0.47 |
Martin ratioReturn relative to average drawdown | 7.13 | 8.80 | -1.67 |
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 | VTIVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.38 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.60 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.71 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.52 | +0.31 |
Correlation
The correlation between VOO and VTIVX is 0.96, 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. VTIVX - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.18%, less than VTIVX's 2.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
VTIVX Vanguard Target Retirement 2045 Fund | 2.51% | 2.50% | 2.36% | 2.27% | 2.75% | 15.40% | 1.90% | 2.23% | 2.52% | 0.04% | 2.47% | 3.29% |
Drawdowns
VOO vs. VTIVX - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum VTIVX drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for VOO and VTIVX.
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Drawdown Indicators
| VOO | VTIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -51.69% | +17.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -8.30% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -25.10% | +0.58% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -31.42% | -2.57% |
Current DrawdownCurrent decline from peak | -5.44% | -5.37% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -6.37% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.21% | +0.36% |
Volatility
VOO vs. VTIVX - Volatility Comparison
Vanguard S&P 500 ETF (VOO) has a higher volatility of 5.27% compared to Vanguard Target Retirement 2045 Fund (VTIVX) at 5.01%. This indicates that VOO's price experiences larger fluctuations and is considered to be riskier than VTIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOO | VTIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 5.01% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 8.23% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 13.76% | +4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 13.45% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 14.76% | +3.22% |