^SPXEW vs. VOO
Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPXEW or VOO.
Correlation
The correlation between ^SPXEW and VOO is 0.93, 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
^SPXEW vs. VOO - Performance Comparison
Key characteristics
^SPXEW:
1.39
VOO:
2.18
^SPXEW:
1.95
VOO:
2.89
^SPXEW:
1.25
VOO:
1.40
^SPXEW:
2.16
VOO:
3.30
^SPXEW:
5.92
VOO:
13.88
^SPXEW:
2.74%
VOO:
2.01%
^SPXEW:
11.65%
VOO:
12.79%
^SPXEW:
-60.83%
VOO:
-33.99%
^SPXEW:
-2.65%
VOO:
0.00%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with ^SPXEW at 4.06% and VOO at 4.06%. Over the past 10 years, ^SPXEW has underperformed VOO with an annualized return of 8.61%, while VOO has yielded a comparatively higher 13.56% annualized return.
^SPXEW
4.06%
2.54%
8.94%
16.85%
9.36%
8.61%
VOO
4.06%
1.43%
14.04%
27.37%
14.99%
13.56%
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Risk-Adjusted Performance
^SPXEW vs. VOO — Risk-Adjusted Performance Rank
^SPXEW
VOO
^SPXEW vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) 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.
Drawdowns
^SPXEW vs. VOO - Drawdown Comparison
The maximum ^SPXEW drawdown since its inception was -60.83%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and VOO. For additional features, visit the drawdowns tool.
Volatility
^SPXEW vs. VOO - Volatility Comparison
The current volatility for S&P 500 Equal Weighted Index (^SPXEW) is 3.21%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.97%. This indicates that ^SPXEW experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.