^SP600 vs. VGT
Compare and contrast key facts about S&P 600 (^SP600) and Vanguard Information Technology ETF (VGT).
VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SP600 or VGT.
Key characteristics
| ^SP600 | VGT | |
|---|---|---|
| YTD Return | 6.50% | 15.09% |
| 1Y Return | 10.36% | 24.73% |
| 3Y Return (Ann) | 1.83% | 11.09% |
| 5Y Return (Ann) | 7.86% | 21.09% |
| 10Y Return (Ann) | 7.90% | 20.16% |
| Sharpe Ratio | 0.59 | 1.24 |
| Daily Std Dev | 18.87% | 18.74% |
| Max Drawdown | -59.17% | -54.63% |
| Current Drawdown | -4.23% | -8.55% |
Correlation
The correlation between ^SP600 and VGT is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^SP600 vs. VGT - Performance Comparison
In the year-to-date period, ^SP600 achieves a 6.50% return, which is significantly lower than VGT's 15.09% return. Over the past 10 years, ^SP600 has underperformed VGT with an annualized return of 7.90%, while VGT has yielded a comparatively higher 20.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^SP600 vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 600 (^SP600) and Vanguard Information Technology ETF (VGT). 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.
Drawdowns
^SP600 vs. VGT - Drawdown Comparison
The maximum ^SP600 drawdown since its inception was -59.17%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for ^SP600 and VGT. For additional features, visit the drawdowns tool.
Volatility
^SP600 vs. VGT - Volatility Comparison
The current volatility for S&P 600 (^SP600) is 6.24%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.93%. This indicates that ^SP600 experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.