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SPY vs VOO: Performance & Backtest Comparison
VOO delivered the higher return - 14.87% CAGR vs 14.47% - over 2010-10-31 → 2026-06-30.
Growth comparison
Drawdown
Annual returns
| SPY | VOO | |
|---|---|---|
| Name | State Street SPDR S&P 500 ETF Trust | Vanguard S&P 500 ETF |
| CAGR | 14.47% | 14.87% |
| Total return | 740.21% | 787.94% |
| Volatility | 14.16% | 14.16% |
| Max drawdown | -23.93%Sep 2022 | -23.91%Sep 2022 |
| Sharpe | 0.93 | 0.95 |
| Sortino | 1.35 | 1.40 |
| Best year | 32.31% | 33.93% |
| Worst year | -18.17% | -18.19% |
| Final balance | $84,021 | $88,794 |
Correlation of monthly returns: 1.00.
Frequently asked questions
Which has performed better, SPY or VOO?
Over 2010-10-31 to 2026-06-30, VOO performed better: 14.87% annualized versus 14.47% for SPY, with dividends reinvested. Past performance does not guarantee future results.
How similar are SPY and VOO?
Their monthly returns have a correlation of 1.00 over the common period. SPY is State Street SPDR S&P 500 ETF Trust; VOO is Vanguard S&P 500 ETF.
Which is riskier, SPY or VOO?
Over the common period SPY had 14.16% annualized volatility and a -23.93% max drawdown, versus 14.16% and -23.91% for VOO.