ZTO vs. VOO
ZTO (ZTO Express (Cayman) Inc.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, ZTO returned -3.37%/yr vs 13.58%/yr for VOO. At a 0.28 correlation, their price movements are largely independent.
Performance
ZTO vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, ZTO achieves a 8.11% return, which is significantly lower than VOO's 9.75% return.
ZTO
- 1D
- 1.05%
- 1M
- -3.31%
- YTD
- 8.11%
- 6M
- 6.13%
- 1Y
- 33.28%
- 3Y*
- -1.01%
- 5Y*
- -3.37%
- 10Y*
- —
VOO
- 1D
- -0.29%
- 1M
- 0.08%
- YTD
- 9.75%
- 6M
- 9.30%
- 1Y
- 26.77%
- 3Y*
- 21.36%
- 5Y*
- 13.58%
- 10Y*
- 15.77%
ZTO vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZTO ZTO Express (Cayman) Inc. | 8.11% | 10.69% | -3.76% | -19.77% | -3.84% | -2.40% | 26.25% | 49.50% | 1.20% | 31.32% |
VOO Vanguard S&P 500 ETF | 9.75% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between ZTO and VOO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2016 | 0.28 |
The correlation between ZTO and VOO shifts across timeframes, from 0.16 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZTO vs. VOO — Risk / Return Rank
ZTO
VOO
ZTO vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ZTO Express (Cayman) Inc. (ZTO) and Vanguard S&P 500 ETF (VOO). 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.
| ZTO | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.02 | -0.83 |
| Martin ratioReturn relative to average drawdown | 5.29 | 13.58 | -8.29 |
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Drawdowns
ZTO vs. VOO - Drawdown Comparison
The maximum ZTO drawdown since its inception was -57.06%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ZTO and VOO.
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Drawdown Indicators
| ZTO | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.06% | -33.99% | -23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -15.22% | -8.90% | -6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -42.55% | -18.69% | -23.86% |
Max Drawdown (5Y)Largest decline over 5 years | -49.55% | -24.52% | -25.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -34.55% | -1.74% | -32.81% |
Average DrawdownAverage peak-to-trough decline | -26.03% | -3.68% | -22.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.31% | 1.98% | +4.33% |
Volatility
ZTO vs. VOO - Volatility Comparison
ZTO Express (Cayman) Inc. (ZTO) has a higher volatility of 5.12% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that ZTO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTO | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 4.60% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 9.73% | +7.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.74% | 12.39% | +13.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.50% | 16.90% | +21.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.19% | 18.05% | +20.14% |
Dividends
ZTO vs. VOO - Dividend Comparison
ZTO's dividend yield for the trailing twelve months is around 3.10%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.04% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
ZTO ZTO Express (Cayman) Inc. | 3.10% | 3.11% | 4.96% | 1.74% | 0.93% | 0.89% | 1.03% | 1.03% | 1.26% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZTO and VOO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZTO has higher volatility (5.12%) compared to VOO (4.60%). In terms of maximum drawdown, ZTO dropped -57.06% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (2.17 vs 1.30), 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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