VOO vs. VVIAX
Compare and contrast key facts about Vanguard S&P 500 ETF (VOO) and Vanguard Value Index Fund Admiral Shares (VVIAX).
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. VVIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Performance
VOO vs. VVIAX - Performance Comparison
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Returns By Period
In the year-to-date period, VOO achieves a -3.12% return, which is significantly lower than VVIAX's 3.72% return. Over the past 10 years, VOO has outperformed VVIAX with an annualized return of 14.33%, while VVIAX has yielded a comparatively lower 11.88% annualized return.
VOO
- 1D
- 0.44%
- 1M
- -1.75%
- YTD
- -3.12%
- 6M
- -1.31%
- 1Y
- 31.67%
- 3Y*
- 18.81%
- 5Y*
- 11.72%
- 10Y*
- 14.33%
VVIAX
- 1D
- 0.18%
- 1M
- -0.97%
- YTD
- 3.72%
- 6M
- 6.29%
- 1Y
- 28.25%
- 3Y*
- 14.93%
- 5Y*
- 10.93%
- 10Y*
- 11.88%
VOO vs. VVIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | -3.12% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
VVIAX Vanguard Value Index Fund Admiral Shares | 3.72% | 15.27% | 16.00% | 9.22% | -2.07% | 26.51% | 2.29% | 25.81% | -5.45% | 17.13% |
Correlation
The correlation between VOO and VVIAX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
VOO vs. VVIAX - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is lower than VVIAX's 0.05% 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%.
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Return for Risk
VOO vs. VVIAX — Risk / Return Rank
VOO
VVIAX
VOO vs. VVIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Vanguard Value Index Fund Admiral Shares (VVIAX). 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 | VVIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 1.09 | +0.85 |
Sortino ratioReturn per unit of downside risk | 3.10 | 1.56 | +1.54 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.23 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.49 | +0.55 |
Martin ratioReturn relative to average drawdown | 8.70 | 6.61 | +2.09 |
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 | VVIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 1.09 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.79 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.71 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.40 | +0.43 |
Drawdowns
VOO vs. VVIAX - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum VVIAX drawdown of -59.32%. Use the drawdown chart below to compare losses from any high point for VOO and VVIAX.
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Drawdown Indicators
| VOO | VVIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -59.32% | +25.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -6.36% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -17.14% | -7.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -36.80% | +2.81% |
Current DrawdownCurrent decline from peak | -5.02% | -4.44% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -9.67% | +5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 2.54% | -0.46% |
Volatility
VOO vs. VVIAX - Volatility Comparison
Vanguard S&P 500 ETF (VOO) has a higher volatility of 5.29% compared to Vanguard Value Index Fund Admiral Shares (VVIAX) at 3.64%. This indicates that VOO's price experiences larger fluctuations and is considered to be riskier than VVIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOO | VVIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 3.64% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 7.69% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.47% | 14.84% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 13.91% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 16.74% | +1.25% |
Dividends
VOO vs. VVIAX - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.18%, less than VVIAX's 2.01% 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% |
VVIAX Vanguard Value Index Fund Admiral Shares | 2.01% | 2.04% | 2.30% | 2.45% | 2.51% | 2.14% | 2.55% | 2.49% | 2.72% | 2.29% | 2.45% | 2.60% |