Vanguard S&P 500 (VOO): Historical Returns

Data Source: from January 1871 to January 2024 (~153 years)
Consolidated Returns as of 31 January 2024
Category: Stocks
Vanguard S&P 500 (VOO) ETF
ETF • LIVE PERFORMANCE (USD currency)
1.61%
January 2024

In the last 30 Years, the Vanguard S&P 500 (VOO) ETF obtained a 9.99% compound annual return, with a 15.11% standard deviation.

Table of contents
The first official book of
How to build wealth
with Lazy Portfolios and Passive Investing Strategies
Choose a goal
Employ the best metrics to evaluate it
Join the passive investing strategy
Discover new asset allocations in USD and EUR,
in addition to the lazy portfolios on the website.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: North America
  • Country: U.S.

Investment Returns as of Jan 31, 2024

The Vanguard S&P 500 (VOO) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
VANGUARD S&P 500 (VOO) ETF
Consolidated returns as of 31 January 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jan 31, 2024
  1 Day Time ET(*) Feb 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~153Y)
Vanguard S&P 500 (VOO) ETF n.a. n.a. 1.61 6.34 20.76 14.26 12.57 9.99 8.98
US Inflation Adjusted return 1.30 4.61 17.12 9.69 9.52 7.28 6.71
Returns over 1 year are annualized | Available data source: since Jan 1871
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Current inflation (annualized) is 1Y: 3.11% , 5Y: 4.16% , 10Y: 2.79% , 30Y: 2.53%

In 2023, the Vanguard S&P 500 (VOO) ETF granted a 1.82% dividend yield. If you are interested in getting periodic income, please refer to the Vanguard S&P 500 (VOO) ETF: Dividend Yield page.

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 1994, now would be worth 17.40$, with a total return of 1640.39% (9.99% annualized).

The Inflation Adjusted Capital now would be 8.22$, with a net total return of 722.19% (7.28% annualized).
An investment of 1$, since January 1871, now would be worth 518644.53$, with a total return of 51864352.99% (8.98% annualized).

The Inflation Adjusted Capital now would be 20898.37$, with a net total return of 2089736.78% (6.71% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of Vanguard S&P 500 (VOO) ETF, updated as of 31 January 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
VANGUARD S&P 500 (VOO) ETF
Advanced Metrics
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~153Y)
Investment Return (%) 1.61 16.01 6.34 20.76 10.96 14.26 12.57 9.63 9.99 8.98
Infl. Adjusted Return (%) details 1.30 15.20 4.61 17.12 5.02 9.69 9.52 6.87 7.28 6.71
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.57 2.53 2.12
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -8.33 -23.91 -23.91 -23.91 -50.80 -50.80 -83.65
Start to Recovery (# months) details 4 24 24 24 53 53 186
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2007 11 1929 09
Start to Bottom (# months) 3 9 9 9 16 16 34
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2009 02 1932 06
Bottom to End (# months) 1 15 15 15 37 37 152
End (yyyy mm) 2023 11 2023 12 2023 12 2023 12 2012 03 2012 03 1945 02
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
-44.71
same as
deepest
Start to Recovery (# months) details 75
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2000 09 1929 09
Start to Bottom (# months) 3 9 9 9 16 25 34
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2002 09 1932 06
Bottom to End (# months) 1 15 15 15 37 50 152
End (yyyy mm) 2023 11 2023 12 2023 12 2023 12 2012 03 2006 11 1945 02
Longest negative period (# months) details 4 27 27 27 68 141 187
Period Start (yyyy mm) 2023 07 2021 08 2021 08 2021 08 2005 01 2000 01 1929 09
Period End (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2010 08 2011 09 1945 03
Annualized Return (%) -15.12 -0.58 -0.58 -0.58 -0.50 -0.45 -0.12
Deepest Drawdown Depth (%) -9.20 -27.90 -27.90 -27.90 -51.61 -54.36 -79.35
Start to Recovery (# months) details 5 25* 25* 25* 65 153 188
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2000 09 1929 09
Start to Bottom (# months) 3 9 9 9 16 102 33
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2009 02 1932 05
Bottom to End (# months) 2 16 16 16 49 51 155
End (yyyy mm) 2023 12 - - - 2013 03 2013 05 1945 04
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2000 09 1929 09
Start to Bottom (# months) 3 9 9 9 16 102 33
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2009 02 1932 05
Bottom to End (# months) 2 16 16 16 49 51 155
End (yyyy mm) 2023 12 - - - 2013 03 2013 05 1945 04
Longest negative period (# months) details 6 32 34 34 92 164 256
Period Start (yyyy mm) 2023 05 2021 03 2021 01 2021 01 2004 02 1999 05 1911 03
Period End (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2011 09 2012 12 1932 06
Annualized Return (%) -0.30 -0.67 -0.24 -0.24 -0.59 -0.15 -0.07
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 13.44 17.31 18.13 15.04 14.84 15.11 16.53
Sharpe Ratio 1.17 0.51 0.69 0.76 0.56 0.51 0.30
Sortino Ratio 1.70 0.67 0.91 1.02 0.74 0.67 0.42
Ulcer Index 3.01 9.89 8.38 6.39 12.19 14.77 18.04
Ratio: Return / Standard Deviation 1.54 0.63 0.79 0.84 0.65 0.66 0.54
Ratio: Return / Deepest Drawdown 2.49 0.46 0.60 0.53 0.19 0.20 0.11
% Positive Months details 66% 63% 65% 69% 66% 65% 61%
Positive Months 8 23 39 83 160 234 1126
Negative Months 4 13 21 37 80 126 711
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 12.57 16.60 16.60 21.28
Worst 10 Years Return (%) - Annualized 6.38 -3.45 -5.38
Best 10 Years Return (%) - Annualized 9.52 14.58 14.58 20.08
Worst 10 Years Return (%) - Annualized 4.29 -5.89 -5.89
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 56.46 32.35 28.45 16.60 10.32 9.99
Worst Rolling Return (%) - Annualized -43.44 -16.28 -6.67 -3.45 4.71
% Positive Periods 79% 81% 83% 90% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 72.53 23.13 14.10 7.18 4.44 8.21
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 1.77 7.21
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 52.47 29.34 25.47 14.58 7.62 7.28
Worst Rolling Return (%) - Annualized -43.44 -18.28 -9.08 -5.89 2.58
% Positive Periods 77% 78% 70% 87% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 72.53 23.13 14.10 7.18 4.44 8.21
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 1.77 7.21
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1871 - Jan 2024)
Best Rolling Return (%) - Annualized 160.57 42.43 35.15 21.28 17.90 14.57
Worst Rolling Return (%) - Annualized -67.84 -42.65 -17.97 -5.38 1.60 3.02
% Positive Periods 72% 84% 89% 96% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 57.80 16.42 9.43 5.56 3.30 2.87
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - 1.44
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 179.03 40.17 33.81 20.08 13.52 11.59
Worst Rolling Return (%) - Annualized -64.30 -38.10 -13.67 -5.89 -0.64 1.22
% Positive Periods 68% 78% 80% 88% 99% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 57.80 16.42 9.43 5.56 3.30 2.87
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - 1.44
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Jan 31, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of Vanguard S&P 500 (VOO) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

VANGUARD S&P 500 (VOO) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs VOO
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.99
1.00
1.00
0.99
0.99
SPY
US Large Cap
1.00
1.00
1.00
1.00
1.00
IJR
US Small Cap
0.75
0.87
0.85
0.82
0.81
VNQ
US REITs
0.88
0.85
0.75
0.61
0.61
QQQ
US Technology
0.86
0.92
0.92
0.83
0.82
PFF
Preferred Stocks
0.73
0.80
0.74
0.47
0.46
EFA
EAFE Stocks
0.92
0.90
0.87
0.83
0.80
VT
World All Countries
0.98
0.98
0.97
0.95
0.94
EEM
Emerging Markets
0.86
0.72
0.69
0.73
0.70
VGK
Europe
0.89
0.89
0.86
0.84
0.83
VPL
Pacific
0.93
0.85
0.83
0.71
0.66
FLLA
Latin America
0.89
0.69
0.57
0.64
0.64
BND
US Total Bond Market
0.83
0.54
0.40
0.18
0.18
TLT
Long Term Treasuries
0.86
0.21
0.09
-0.10
-0.09
BIL
US Cash
0.34
-0.06
-0.04
-0.01
-0.01
TIP
TIPS
0.76
0.63
0.51
0.22
0.22
LQD
Invest. Grade Bonds
0.88
0.69
0.58
0.34
0.34
HYG
High Yield Bonds
0.91
0.85
0.82
0.67
0.67
CWB
US Convertible Bonds
0.87
0.86
0.86
0.84
0.84
BNDX
International Bonds
0.76
0.57
0.44
0.16
0.16
EMB
Emerg. Market Bonds
0.94
0.78
0.68
0.56
0.56
GLD
Gold
0.34
0.25
0.11
0.05
0.04
DBC
Commodities
0.14
0.47
0.42
0.32
0.32

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

VANGUARD S&P 500 (VOO) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-50.80% Nov 2007 Feb 2009 16 Mar 2012 37 53 23.82
-44.71% Sep 2000 Sep 2002 25 Nov 2006 50 75 23.58
-23.91% Jan 2022 Sep 2022 9 Dec 2023 15 24 11.99
-19.58% Jan 2020 Mar 2020 3 Jul 2020 4 7 8.45
-15.28% Jul 1998 Aug 1998 2 Nov 1998 3 5 7.52
-13.47% Oct 2018 Dec 2018 3 Apr 2019 4 7 6.26
-8.45% Aug 2015 Sep 2015 2 May 2016 8 10 4.38
-6.98% Feb 1994 Mar 1994 2 Aug 1994 5 7 4.60
-6.60% Apr 2012 May 2012 2 Aug 2012 3 5 3.00
-6.43% Jan 2000 Feb 2000 2 Mar 2000 1 3 4.06
-6.35% May 2019 May 2019 1 Jun 2019 1 2 3.66
-6.20% Sep 2020 Oct 2020 2 Nov 2020 1 3 3.63
-6.11% Feb 2018 Mar 2018 2 Jul 2018 4 6 3.87
-5.76% Jul 1999 Sep 1999 3 Oct 1999 1 4 3.34
-5.18% Aug 1997 Aug 1997 1 Nov 1997 3 4 2.70
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 122 3.0 Months 33.80%
 
DD = 0% 33.80%
 
0% < DD <= -5% 75 4.8 Months 20.78%
 
DD <= -5% 54.57%
 
-5% < DD <= -10% 46 7.8 Months 12.74%
 
DD <= -10% 67.31%
 
-10% < DD <= -15% 27 13.4 Months 7.48%
 
DD <= -15% 74.79%
 
-15% < DD <= -20% 26 13.9 Months 7.20%
 
DD <= -20% 81.99%
 
-20% < DD <= -25% 24 15.0 Months 6.65%
 
DD <= -25% 88.64%
 
-25% < DD <= -30% 13 27.8 Months 3.60%
 
DD <= -30% 92.24%
 
-30% < DD <= -35% 9 40.1 Months 2.49%
 
DD <= -35% 94.74%
 
-35% < DD <= -40% 8 45.1 Months 2.22%
 
DD <= -40% 96.95%
 
-40% < DD <= -45% 9 40.1 Months 2.49%
 
DD <= -45% 99.45%
 
-45% < DD <= -50% 1 361.0 Months 0.28%
 
DD <= -50% 99.72%
 
-50% < DD <= -55% 1 361.0 Months 0.28%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-54.36% Sep 2000 Feb 2009 102 May 2013 51 153 27.03
-27.90% Jan 2022 Sep 2022 9 in progress 16 25 16.18
-19.43% Jan 2020 Mar 2020 3 Jul 2020 4 7 8.22
-15.59% Jul 1998 Aug 1998 2 Nov 1998 3 5 7.76
-13.67% Oct 2018 Dec 2018 3 Apr 2019 4 7 6.44
-8.52% Mar 2015 Sep 2015 7 May 2016 8 15 3.78
-7.64% Feb 1994 Jun 1994 5 Feb 1995 8 13 4.75
-7.09% Jan 2000 Feb 2000 2 Mar 2000 1 3 4.41
-6.77% Jul 1999 Sep 1999 3 Nov 1999 2 5 3.58
-6.52% Sep 2020 Oct 2020 2 Nov 2020 1 3 3.82
-6.38% Feb 2018 Mar 2018 2 Aug 2018 5 7 3.99
-6.37% May 2019 May 2019 1 Jun 2019 1 2 3.68
-5.62% Apr 2000 Jul 2000 4 Aug 2000 1 5 3.76
-5.42% Aug 1997 Aug 1997 1 Dec 1997 4 5 2.72
-5.05% Sep 2021 Sep 2021 1 Oct 2021 1 2 2.91
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 95 3.8 Months 26.32%
 
DD = 0% 26.32%
 
0% < DD <= -5% 62 5.8 Months 17.17%
 
DD <= -5% 43.49%
 
-5% < DD <= -10% 42 8.6 Months 11.63%
 
DD <= -10% 55.12%
 
-10% < DD <= -15% 24 15.0 Months 6.65%
 
DD <= -15% 61.77%
 
-15% < DD <= -20% 31 11.6 Months 8.59%
 
DD <= -20% 70.36%
 
-20% < DD <= -25% 33 10.9 Months 9.14%
 
DD <= -25% 79.50%
 
-25% < DD <= -30% 29 12.4 Months 8.03%
 
DD <= -30% 87.53%
 
-30% < DD <= -35% 16 22.6 Months 4.43%
 
DD <= -35% 91.97%
 
-35% < DD <= -40% 11 32.8 Months 3.05%
 
DD <= -40% 95.01%
 
-40% < DD <= -45% 11 32.8 Months 3.05%
 
DD <= -45% 98.06%
 
-45% < DD <= -50% 5 72.2 Months 1.39%
 
DD <= -50% 99.45%
 
-50% < DD <= -55% 2 180.5 Months 0.55%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-83.65% Sep 1929 Jun 1932 34 Feb 1945 152 186 46.21
-50.80% Nov 2007 Feb 2009 16 Mar 2012 37 53 23.82
-44.87% Jan 1973 Sep 1974 21 Sep 1976 24 45 19.76
-44.71% Sep 2000 Sep 2002 25 Nov 2006 50 75 23.58
-34.09% Apr 1876 Jun 1877 15 May 1879 23 38 17.11
-34.04% Oct 1906 Nov 1907 14 Dec 1908 13 27 18.01
-29.78% Sep 1987 Nov 1987 3 May 1989 18 21 15.94
-29.19% Dec 1968 Jun 1970 19 Mar 1971 9 28 13.81
-27.90% Dec 1916 Dec 1917 13 May 1919 17 30 14.49
-26.37% Nov 1919 Jun 1921 20 Apr 1922 10 30 16.46
-25.94% Oct 1902 Oct 1903 13 Nov 1904 13 26 16.24
-25.25% Nov 1912 Oct 1914 24 Sep 1915 11 35 12.06
-25.18% Feb 1893 Aug 1893 7 Aug 1897 48 55 13.46
-23.91% Jan 2022 Sep 2022 9 Dec 2023 15 24 11.99
-22.26% Jan 1962 Jun 1962 6 Apr 1963 10 16 11.71
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 516 3.6 Months 28.07%
 
DD = 0% 28.07%
 
0% < DD <= -5% 432 4.3 Months 23.50%
 
DD <= -5% 51.58%
 
-5% < DD <= -10% 278 6.6 Months 15.13%
 
DD <= -10% 66.70%
 
-10% < DD <= -15% 156 11.8 Months 8.49%
 
DD <= -15% 75.19%
 
-15% < DD <= -20% 140 13.1 Months 7.62%
 
DD <= -20% 82.81%
 
-20% < DD <= -25% 93 19.8 Months 5.06%
 
DD <= -25% 87.87%
 
-25% < DD <= -30% 43 42.7 Months 2.34%
 
DD <= -30% 90.21%
 
-30% < DD <= -35% 28 65.6 Months 1.52%
 
DD <= -35% 91.73%
 
-35% < DD <= -40% 33 55.7 Months 1.80%
 
DD <= -40% 93.53%
 
-40% < DD <= -45% 39 47.1 Months 2.12%
 
DD <= -45% 95.65%
 
-45% < DD <= -50% 20 91.9 Months 1.09%
 
DD <= -50% 96.74%
 
-50% < DD <= -55% 11 167.1 Months 0.60%
 
DD <= -55% 97.33%
 
-55% < DD <= -60% 12 153.2 Months 0.65%
 
DD <= -60% 97.99%
 
-60% < DD <= -65% 18 102.1 Months 0.98%
 
DD <= -65% 98.97%
 
-65% < DD <= -70% 5 367.6 Months 0.27%
 
DD <= -70% 99.24%
 
-70% < DD <= -100% 14 131.3 Months 0.76%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-79.35% Sep 1929 May 1932 33 Apr 1945 155 188 37.92
-54.36% Sep 2000 Feb 2009 102 May 2013 51 153 27.03
-53.70% Jan 1973 Sep 1974 21 Jan 1985 124 145 29.44
-47.98% Dec 1916 Dec 1920 49 Aug 1924 44 93 29.97
-37.74% Jun 1946 Feb 1948 21 Dec 1950 34 55 25.58
-36.85% Oct 1906 Nov 1907 14 May 1909 18 32 18.98
-35.39% Dec 1968 Jun 1970 19 Nov 1972 29 48 15.98
-30.45% Sep 1987 Nov 1987 3 Jul 1989 20 23 17.45
-29.72% Jul 1911 Oct 1914 40 Oct 1915 12 52 13.70
-29.50% Jul 1876 Jun 1877 12 Apr 1878 10 22 16.07
-27.90% Jan 2022 Sep 2022 9 in progress 16 25 16.18
-26.37% Sep 1902 Oct 1903 14 Jan 1905 15 29 16.45
-23.15% Jun 1892 Jul 1893 14 Aug 1895 25 39 10.40
-22.77% Jan 1962 Jun 1962 6 Apr 1963 10 16 12.38
-19.43% Jan 2020 Mar 2020 3 Jul 2020 4 7 8.22
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 407 4.5 Months 22.14%
 
DD = 0% 22.14%
 
0% < DD <= -5% 362 5.1 Months 19.70%
 
DD <= -5% 41.84%
 
-5% < DD <= -10% 254 7.2 Months 13.82%
 
DD <= -10% 55.66%
 
-10% < DD <= -15% 171 10.7 Months 9.30%
 
DD <= -15% 64.96%
 
-15% < DD <= -20% 133 13.8 Months 7.24%
 
DD <= -20% 72.20%
 
-20% < DD <= -25% 96 19.1 Months 5.22%
 
DD <= -25% 77.42%
 
-25% < DD <= -30% 113 16.3 Months 6.15%
 
DD <= -30% 83.57%
 
-30% < DD <= -35% 113 16.3 Months 6.15%
 
DD <= -35% 89.72%
 
-35% < DD <= -40% 72 25.5 Months 3.92%
 
DD <= -40% 93.63%
 
-40% < DD <= -45% 51 36.0 Months 2.77%
 
DD <= -45% 96.41%
 
-45% < DD <= -50% 33 55.7 Months 1.80%
 
DD <= -50% 98.20%
 
-50% < DD <= -55% 12 153.2 Months 0.65%
 
DD <= -55% 98.86%
 
-55% < DD <= -60% 4 459.5 Months 0.22%
 
DD <= -60% 99.08%
 
-60% < DD <= -65% 5 367.6 Months 0.27%
 
DD <= -65% 99.35%
 
-65% < DD <= -70% 7 262.6 Months 0.38%
 
DD <= -70% 99.73%
 
-70% < DD <= -100% 5 367.6 Months 0.27%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

VANGUARD S&P 500 (VOO) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -43.44 03/2008
02/2009
0.56$ -7.77 0.92$ 14.02 1.14$ 27.23 1.27$ 56.46 04/2020
03/2021
1.56$ 20.76 20.06%
2Y -26.04 03/2007
02/2009
0.54$ -3.63 0.92$ 11.84 1.25$ 23.47 1.52$ 37.00 03/2009
02/2011
1.87$ 5.27 16.91%
3Y -16.28 04/2000
03/2003
0.58$ -2.86 0.91$ 11.70 1.39$ 20.37 1.74$ 32.35 04/1995
03/1998
2.31$ 10.96 18.77%
5Y -6.67 03/2004
02/2009
0.70$ -0.32 0.98$ 10.66 1.65$ 16.72 2.16$ 28.45 01/1995
12/1999
3.49$ 14.26 16.28%
7Y -3.91 03/2002
02/2009
0.75$ 2.73 1.20$ 6.95 1.60$ 14.10 2.51$ 18.07 02/1994
01/2001
3.19$ 13.33 2.53%
10Y -3.45 03/1999
02/2009
0.70$ 2.81 1.31$ 7.94 2.14$ 13.37 3.50$ 16.60 03/2009
02/2019
4.64$ 12.57 9.96%
15Y 3.68 09/2000
08/2015
1.72$ 4.58 1.95$ 7.17 2.82$ 9.83 4.08$ 14.69 02/2009
01/2024
7.81$ 14.69 0.00%
20Y 4.71 04/2000
03/2020
2.51$ 6.24 3.35$ 8.03 4.68$ 9.66 6.32$ 10.32 04/2003
03/2023
7.13$ 9.63 0.00%
30Y 9.99 02/1994
01/2024
17.40$ 9.99 17.40$ 9.99 17.40$ 9.99 17.40$ 9.99 02/1994
01/2024
17.40$ 9.99 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -43.44 03/2008
02/2009
0.56$ -10.36 0.89$ 11.75 1.11$ 23.42 1.23$ 52.47 04/2020
03/2021
1.52$ 17.12 22.35%
2Y -27.53 03/2007
02/2009
0.52$ -5.91 0.88$ 9.03 1.18$ 20.78 1.45$ 34.14 03/2009
02/2011
1.79$ 0.52 23.74%
3Y -18.28 04/2000
03/2003
0.54$ -5.27 0.85$ 9.30 1.30$ 17.62 1.62$ 29.34 04/1995
03/1998
2.16$ 5.02 21.23%
5Y -9.08 03/2004
02/2009
0.62$ -2.81 0.86$ 7.66 1.44$ 14.43 1.96$ 25.47 01/1995
12/1999
3.10$ 9.69 29.57%
7Y -6.33 03/2002
02/2009
0.63$ 0.11 1.00$ 4.72 1.38$ 12.15 2.23$ 15.35 03/2009
02/2016
2.71$ 9.51 14.44%
10Y -5.89 03/1999
02/2009
0.54$ 0.22 1.02$ 5.71 1.74$ 11.26 2.90$ 14.58 03/2009
02/2019
3.89$ 9.52 12.86%
15Y 1.49 09/2000
08/2015
1.24$ 2.18 1.38$ 4.84 2.03$ 7.61 3.00$ 11.83 02/2009
01/2024
5.34$ 11.83 0.00%
20Y 2.58 04/2000
03/2020
1.66$ 4.02 2.20$ 5.68 3.02$ 7.03 3.89$ 7.62 04/2003
03/2023
4.34$ 6.87 0.00%
30Y 7.28 02/1994
01/2024
8.22$ 7.28 8.22$ 7.28 8.22$ 7.28 8.22$ 7.28 02/1994
01/2024
8.22$ 7.28 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -67.84 07/1931
06/1932
0.32$ -8.66 0.91$ 10.70 1.10$ 29.89 1.29$ 160.57 07/1932
06/1933
2.60$ 20.76 27.98%
2Y -54.64 06/1930
05/1932
0.20$ -3.20 0.93$ 10.11 1.21$ 23.38 1.52$ 55.64 07/1932
06/1934
2.42$ 5.27 20.89%
3Y -42.65 07/1929
06/1932
0.18$ -0.60 0.98$ 9.78 1.32$ 19.67 1.71$ 42.43 03/1933
02/1936
2.88$ 10.96 15.76%
5Y -17.97 09/1929
08/1934
0.37$ 0.99 1.05$ 9.38 1.56$ 17.37 2.22$ 35.15 06/1932
05/1937
4.50$ 14.26 10.91%
7Y -7.64 07/1925
06/1932
0.57$ 2.66 1.20$ 9.07 1.83$ 15.43 2.73$ 25.68 02/1922
01/1929
4.95$ 13.33 3.88%
10Y -5.38 09/1929
08/1939
0.57$ 4.05 1.48$ 8.48 2.25$ 15.32 4.15$ 21.28 06/1949
05/1959
6.88$ 12.57 3.55%
15Y -0.72 09/1929
08/1944
0.89$ 5.19 2.13$ 8.32 3.31$ 14.20 7.32$ 19.24 08/1982
07/1997
14.01$ 14.69 0.24%
20Y 1.60 09/1929
08/1949
1.37$ 5.96 3.18$ 7.80 4.49$ 13.22 11.97$ 17.90 04/1980
03/2000
26.94$ 9.63 0.00%
30Y 3.02 06/1902
05/1932
2.43$ 6.33 6.30$ 9.70 16.09$ 11.82 28.52$ 14.57 06/1932
05/1962
59.17$ 9.99 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -64.30 07/1931
06/1932
0.35$ -11.23 0.88$ 8.40 1.08$ 27.20 1.27$ 179.03 07/1932
06/1933
2.79$ 17.12 31.16%
2Y -49.63 06/1930
05/1932
0.25$ -5.11 0.90$ 7.26 1.15$ 21.07 1.46$ 56.79 07/1932
06/1934
2.45$ 0.52 26.19%
3Y -38.10 07/1929
06/1932
0.23$ -3.00 0.91$ 7.44 1.24$ 17.03 1.60$ 40.17 09/1926
08/1929
2.75$ 5.02 21.64%
5Y -13.67 09/1929
08/1934
0.47$ -1.81 0.91$ 6.98 1.40$ 14.70 1.98$ 33.81 06/1932
05/1937
4.28$ 9.69 19.52%
7Y -8.70 10/1967
09/1974
0.52$ 0.11 1.00$ 6.79 1.58$ 13.09 2.36$ 25.47 02/1922
01/1929
4.89$ 9.51 14.65%
10Y -5.89 03/1999
02/2009
0.54$ 0.82 1.08$ 6.71 1.91$ 11.87 3.07$ 20.08 06/1920
05/1930
6.23$ 9.52 11.99%
15Y -2.46 08/1967
07/1982
0.68$ 2.08 1.36$ 6.63 2.62$ 10.82 4.67$ 15.49 07/1949
06/1964
8.67$ 11.83 5.43%
20Y -0.64 07/1901
06/1921
0.87$ 2.96 1.79$ 6.51 3.53$ 9.40 6.03$ 13.52 04/1980
03/2000
12.62$ 6.87 0.38%
30Y 1.22 06/1902
05/1932
1.43$ 4.50 3.75$ 6.51 6.62$ 8.20 10.64$ 11.59 06/1932
05/1962
26.81$ 7.28 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Vanguard S&P 500 (VOO) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in Vanguard S&P 500 (VOO) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.32
40%
-1.51
40%
0.30
80%
2.98
80%
-0.04
80%
1.87
80%
4.46
100%
0.51
40%
-4.08
20%
2.52
60%
5.70
80%
2.02
80%
Best 6.3
2023
3.2
2019
4.6
2021
12.8
2020
4.7
2020
7.0
2019
9.2
2022
7.0
2020
2.0
2019
8.1
2022
10.9
2020
4.6
2023
Worst -5.2
2022
-8.1
2020
-12.5
2020
-8.8
2022
-6.3
2019
-8.3
2022
1.5
2019
-4.1
2022
-9.2
2022
-2.5
2020
-0.7
2021
-5.7
2022
Monthly Seasonality over the period Feb 1871 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.91
50%
0.25
50%
0.54
70%
1.84
90%
0.89
90%
1.12
80%
3.24
90%
0.40
60%
-2.16
40%
1.72
60%
4.04
90%
0.26
60%
Best 7.9
2019
5.6
2015
6.9
2016
12.8
2020
4.7
2020
7.0
2019
9.2
2022
7.0
2020
2.0
2017
8.5
2015
10.9
2020
4.6
2023
Worst -5.2
2022
-8.1
2020
-12.5
2020
-8.8
2022
-6.3
2019
-8.3
2022
-1.4
2014
-6.1
2015
-9.2
2022
-6.8
2018
-0.7
2021
-8.8
2018
Monthly Seasonality over the period Feb 1871 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.53
65%
0.30
55%
0.57
63%
1.40
65%
0.20
58%
0.60
55%
1.48
61%
1.18
66%
-0.24
54%
0.56
56%
1.15
63%
1.26
69%
Best 13.3
1987
11.9
1931
11.2
1928
42.9
1933
16.5
1933
25.4
1938
38.5
1932
38.3
1932
16.9
1939
18.3
1974
12.3
1928
11.4
1991
Worst -8.2
2009
-18.1
1933
-24.5
1938
-19.8
1932
-23.5
1940
-16.2
1930
-11.3
1934
-14.1
1998
-29.6
1931
-21.7
1987
-13.1
1929
-13.9
1931
Monthly Seasonality over the period Feb 1871 - Jan 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the Vanguard S&P 500 (VOO) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

VANGUARD S&P 500 (VOO) ETF
Monthly Returns Distribution
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
234 Positive Months (65%) - 126 Negative Months (35%)
1126 Positive Months (61%) - 711 Negative Months (39%)
Swipe left to see all data
(Scroll down to see all data)
Investment Returns, up to December 1993, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

Analyze your Portfolio: Backtest Now!
Explore historical data since 1871 and fine-tune your investment strategy for better results.