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VOOV vs. GBDC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VOOV vs. GBDC

Last updated Jun 13, 2026

VOOV (Vanguard S&P 500 Value ETF) is Large Cap Value Equities fund tracking the S&P 500 Value Index, while GBDC (Golub Capital BDC, Inc.) is a stock. Over the past 10 years, VOOV returned 12.04%/yr vs 6.73%/yr for GBDC. At a 0.39 correlation, their price movements are largely independent.

Performance

VOOV vs. GBDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 Value ETF (VOOV) and Golub Capital BDC, Inc. (GBDC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VOOV achieves a 8.31% return, which is significantly higher than GBDC's 0.68% return. Over the past 10 years, VOOV has outperformed GBDC with an annualized return of 12.04%, while GBDC has yielded a comparatively lower 6.73% annualized return.

VOOV

1D
0.67%
1M
1.81%
YTD
8.31%
6M
8.06%
1Y
20.66%
3Y*
15.11%
5Y*
10.94%
10Y*
12.04%

GBDC

1D
-0.30%
1M
1.53%
YTD
0.68%
6M
-0.71%
1Y
-2.64%
3Y*
10.34%
5Y*
6.81%
10Y*
6.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VOOV vs. GBDC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VOOV
Vanguard S&P 500 Value ETF		8.31%13.10%12.21%22.15%-5.37%24.87%1.23%31.75%-9.09%15.26%
GBDC
Golub Capital BDC, Inc.		0.68%-0.50%13.57%27.69%-6.99%17.78%-14.73%21.09%-2.20%6.27%

Correlation

The correlation between VOOV and GBDC 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

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (10Y)
Calculated over the trailing 10-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.39

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P 500 Value ETF

Golub Capital BDC, Inc.

Often compared with VOOV:
VOOV vs. VOOGVOOV vs. VOOVOOV vs. VTVVOOV vs. SCHDVOOV vs. VTIVOOV vs. QQQIVOOV vs. IVE
Often compared with GBDC:
GBDC vs. ARCCGBDC vs. GSBDGBDC vs. MAINGBDC vs. CGBDGBDC vs. MFICGBDC vs. KMIGBDC vs. SPY

Return for Risk

VOOV vs. GBDC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VOOV
VOOV Risk / Return Rank: 7575
Overall Rank
VOOV Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
VOOV Sortino Ratio Rank: 7575
Sortino Ratio Rank
VOOV Omega Ratio Rank: 7373
Omega Ratio Rank
VOOV Calmar Ratio Rank: 7474
Calmar Ratio Rank
VOOV Martin Ratio Rank: 7676
Martin Ratio Rank
GBDC
GBDC Risk / Return Rank: 3535
Overall Rank
GBDC Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
GBDC Sortino Ratio Rank: 3030
Sortino Ratio Rank
GBDC Omega Ratio Rank: 3030
Omega Ratio Rank
GBDC Calmar Ratio Rank: 3838
Calmar Ratio Rank
GBDC Martin Ratio Rank: 3737
Martin Ratio Rank
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.

VOOV vs. GBDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Value ETF (VOOV) and Golub Capital BDC, Inc. (GBDC). 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.

VOOVGBDCDifference
Sharpe ratioReturn per unit of total volatility
2.08
-0.14

+2.22

Sortino ratioReturn per unit of downside risk
2.90
-0.06

+2.96

Omega ratioGain probability vs. loss probability

1.37

0.99

+0.38

Calmar ratioReturn relative to maximum drawdown

3.31

-0.15

+3.46

Martin ratioReturn relative to average drawdown

12.58

-0.31

+12.89

VOOV vs. GBDC - Sharpe Ratio Comparison

The current VOOV Sharpe Ratio is 2.08, which is higher than the GBDC Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of VOOV and GBDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VOOV vs. GBDC - Drawdown Comparison

The maximum VOOV drawdown since its inception was -37.31%, smaller than the maximum GBDC drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for VOOV and GBDC.

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Drawdown Indicators

VOOVGBDCDifference

Max Drawdown

Largest peak-to-trough decline

-37.31%

-47.30%

+9.99%

Max Drawdown (1Y)

Largest decline over 1 year

-6.27%

-18.20%

+11.93%

Max Drawdown (3Y)

Largest decline over 3 years

-17.55%

-18.20%

+0.65%

Max Drawdown (5Y)

Largest decline over 5 years

-18.10%

-19.28%

+1.18%

Max Drawdown (10Y)

Largest decline over 10 years

-37.31%

-47.30%

+9.99%

Current Drawdown

Current decline from peak

-0.19%

-6.79%

+6.60%

Average Drawdown

Average peak-to-trough decline

-3.84%

-6.13%

+2.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.65%

8.56%

-6.91%

Volatility

VOOV vs. GBDC - Volatility Comparison

The current volatility for Vanguard S&P 500 Value ETF (VOOV) is 2.76%, while Golub Capital BDC, Inc. (GBDC) has a volatility of 5.60%. This indicates that VOOV experiences smaller price fluctuations and is considered to be less risky than GBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VOOVGBDCDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.76%

5.60%

-2.84%

Volatility (6M)

Calculated over the trailing 6-month period

7.28%

15.83%

-8.55%

Volatility (1Y)

Calculated over the trailing 1-year period

9.97%

19.15%

-9.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.48%

17.19%

-2.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.95%

21.56%

-4.61%

Dividends

VOOV vs. GBDC - Dividend Comparison

VOOV's dividend yield for the trailing twelve months is around 1.66%, less than GBDC's 11.29% yield.

PositionTTM20252024202320222021202020192018201720162015
GBDC
Golub Capital BDC, Inc.		11.29%11.50%12.73%10.00%9.35%7.58%8.44%7.70%8.49%7.47%8.32%7.70%
VOOV
Vanguard S&P 500 Value ETF		1.66%1.76%2.10%1.69%2.19%1.87%2.45%2.10%2.65%2.13%2.24%2.36%

Frequently Asked Questions

VOOV and GBDC 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.

GBDC has higher volatility (5.60%) compared to VOOV (2.76%). In terms of maximum drawdown, VOOV dropped -37.31% vs GBDC's -47.30%.

VOOV currently has the higher Sharpe Ratio (2.08 vs -0.14), 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.

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