^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.
Key characteristics
| ^SPXEW | VOO | |
|---|---|---|
| YTD Return | 14.97% | 23.75% |
| 1Y Return | 27.00% | 35.49% |
| 3Y Return (Ann) | 5.23% | 11.02% |
| 5Y Return (Ann) | 11.04% | 16.24% |
| 10Y Return (Ann) | 9.58% | 14.04% |
| Sharpe Ratio | 2.27 | 2.85 |
| Sortino Ratio | 3.16 | 3.80 |
| Omega Ratio | 1.40 | 1.52 |
| Calmar Ratio | 1.49 | 3.05 |
| Martin Ratio | 12.19 | 17.77 |
| Ulcer Index | 2.27% | 2.00% |
| Daily Std Dev | 12.18% | 12.45% |
| Max Drawdown | -60.83% | -33.99% |
| Current Drawdown | 0.00% | -0.34% |
Correlation
The correlation between ^SPXEW and VOO is 0.94, 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
In the year-to-date period, ^SPXEW achieves a 14.97% return, which is significantly lower than VOO's 23.75% return. Over the past 10 years, ^SPXEW has underperformed VOO with an annualized return of 9.58%, while VOO has yielded a comparatively higher 14.04% 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
^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 2.72%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.04%. 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.