VO vs SPY
Comparison between VANGUARD MID-CAP INDEX FUND ETF SHARES (VO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed VO, delivering a return of +13.3% compared to +7.4%
VO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VO
$198B
Winner
SPY
$652B
Expense Ratio
Winner
VO
0.03%
SPY
0.09%
Max Drawdown
VO
60.33%
Winner
SPY
56.47%
Sharpe Ratio
VO
1.23
Winner
SPY
2.07
5Y Beta
Winner
VO
0.84
SPY
1.00
P/E Ratio
Winner
VO
26.14
SPY
28.24
Forward P/E
Winner
VO
17.68
SPY
21.85
PEG Ratio
VO
0.60
SPY
N/A
5Y Dividends CAGR
Winner
VO
13.71%
SPY
5.43%
5Y EPS CAGR
VO
13.58%
Winner
SPY
25.79%
Debt to Equity
Winner
VO
19.40%
SPY
22.35%
P/S Ratio
Winner
VO
1.82
SPY
3.55
P/B Ratio
Winner
VO
3.41
SPY
5.29
VO vs SPY - Holdings Comparison
VO and SPY have 253 common holdings. Overlap is 15.90%
VO's top 25 holdings weight is 19.64%. SPY's top 25 holdings weight is 51.32%.
| Rank | VO | SPY |
|---|---|---|
| #1 | VERTIV HOLDINGS CO CLASS A (VRT) - 1.02% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | HOWMET AEROSPACE INC (HWM) - 1.00% | APPLE INC (AAPL) - 6.48% |
| #3 | WESTERN DIGITAL CORP (WDC) - 1.00% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | CONSTELLATION ENERGY CORP (CEG) - 0.93% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 0.93% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | QUANTA SERVICES INC (PWR) - 0.89% | BROADCOM INC (AVGO) - 3.09% |
| #7 | SLB LTD (SLB) - 0.84% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | CUMMINS INC (CMI) - 0.81% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | VALERO ENERGY CORP (VLO) - 0.80% | TESLA INC (TSLA) - 1.73% |
| #10 | PHILLIPS 66 (PSX) - 0.79% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | MARATHON PETROLEUM CORP (MPC) - 0.78% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | MOTOROLA SOLUTIONS INC (MSI) - 0.78% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | CRH PLC (CRH) - 0.76% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | ROSS STORES INC (ROST) - 0.76% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | ROYAL CARIBBEAN GROUP (RCL) - 0.73% | WALMART INC (WMT) - 0.91% |
| #16 | GENERAL MOTORS CO (GM) - 0.73% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | TRANSDIGM GROUP INC (TDG) - 0.71% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | n/a (WBD) - 0.70% | VISA INC CLASS A (V) - 0.85% |
| #19 | L3HARRIS TECHNOLOGIES INC (LHX) - 0.70% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | CLOUDFLARE INC (NET) - 0.68% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | TE CONNECTIVITY PLC REGISTERED SHARES (TEL) - 0.67% | INTEL CORP (INTC) - 0.65% |
| #22 | DIGITAL REALTY TRUST INC (DLR) - 0.67% | NETFLIX INC (NFLX) - 0.64% |
| #23 | BAKER HUGHES CO CLASS A (BKR) - 0.66% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | PACCAR INC (PCAR) - 0.66% | CHEVRON CORP (CVX) - 0.58% |
| #25 | NEWMONT CORP (NEM) - 0.64% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 301 | 505 |
VO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
VO
+3.40%
Winner
SPY
+9.11%
3M
VO
+2.56%
Winner
SPY
+6.59%
6M
VO
+7.57%
Winner
SPY
+10.56%
1Y
VO
+19.36%
Winner
SPY
+32.04%
5Y(CAGR)
VO
+7.41%
Winner
SPY
+13.35%
10Y(CAGR)
VO
+11.54%
Winner
SPY
+15.49%
Max(CAGR)
Winner
VO
+10.16%
SPY
+8.50%
VO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VO | SPY |
|---|---|---|
| 2026 | +5.86% | +8.27% |
| 2025 | +11.78% | +18.00% |
| 2024 | +15.96% | +25.59% |
| 2023 | +16.58% | +26.72% |
| 2022 | -18.28% | -18.64% |
| 2021 | +26.55% | +30.52% |
| 2020 | +17.64% | +17.28% |
| 2019 | +31.36% | +31.09% |
| 2018 | -9.83% | -5.24% |
| 2017 | +18.30% | +20.78% |
| 2016 | +12.73% | +13.59% |
| 2015 | -1.37% | +1.31% |
| 2014 | +14.91% | +14.56% |
| 2013 | +32.05% | +29.00% |
| 2012 | +14.76% | +14.17% |
| 2011 | -3.25% | +0.85% |
| 2010 | +23.38% | +13.14% |
| 2009 | +36.13% | +22.67% |
| 2008 | -40.95% | -36.25% |
| 2007 | +5.67% | +5.32% |
| 2006 | +12.16% | +13.85% |
| 2005 | +15.83% | +5.32% |
| 2004 | +17.53% | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
VO vs SPY Drawdown Comparison
The maximum drawdown for VO was -58.88%, occurring on Mar 9, 2009. Recovery took 901 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current VO drawdown is -1.34%.
| Rank | VO | SPY |
|---|---|---|
| #1 | -58.88% Jul 13, 2007 - Feb 8, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -39.38% Feb 20, 2020 - Sep 2, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -27.57% Nov 16, 2021 - Jul 16, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.63% Jul 7, 2011 - Mar 13, 2012 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.21% Aug 29, 2018 - Apr 5, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.55% Mar 31, 2015 - Aug 15, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -19.02% Nov 29, 2024 - Jul 1, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.89% Mar 26, 2012 - Sep 13, 2012 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.58% May 8, 2006 - Nov 14, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.06% Mar 5, 2004 - Oct 4, 2004 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.48% Sep 5, 2014 - Nov 6, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.39% Jan 26, 2018 - Jul 26, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.16% Feb 26, 2026 - Apr 17, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.97% Sep 2, 2020 - Oct 8, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.96% Mar 7, 2005 - Jun 14, 2005 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between VO and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
VO vs SPY dividend yield comparison.
| Year | VO | SPY |
|---|---|---|
| 2026 | 0.35% | 0.24% |
| 2025 | 1.52% | 1.07% |
| 2024 | 1.49% | 1.21% |
| 2023 | 1.52% | 1.40% |
| 2022 | 1.60% | 1.65% |
| 2021 | 1.12% | 1.20% |
| 2020 | 1.45% | 1.52% |
| 2019 | 1.48% | 1.75% |
| 2018 | 1.82% | 2.04% |
| 2017 | 1.35% | 1.80% |
| 2016 | 1.45% | 2.03% |
| 2015 | 1.47% | 2.06% |
| 2014 | 1.29% | 1.87% |
| 2013 | 1.18% | 1.81% |
| 2012 | 1.41% | 2.18% |
| 2011 | 1.36% | 2.05% |
| 2010 | 1.19% | 1.80% |
| 2009 | 1.22% | 1.95% |
| 2008 | 2.19% | 3.02% |
| 2007 | 1.36% | 1.85% |
| 2006 | 1.34% | 1.73% |
| 2005 | 1.17% | 1.73% |
| 2004 | 1.12% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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