^SSEC vs. VOO
^SSEC (Shanghai Composite) is an index, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, ^SSEC returned 3.30%/yr vs 16.04%/yr for VOO. At a 0.06 correlation, their price movements are largely independent.
Performance
^SSEC vs. VOO - Performance Comparison
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Different Trading Currencies
^SSEC is traded in CNY, while VOO is traded in USD. To make them comparable, the VOO values have been converted to CNY using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^SSEC achieves a 2.24% return, which is significantly lower than VOO's 6.21% return. Over the past 10 years, ^SSEC has underperformed VOO with an annualized return of 3.30%, while VOO has yielded a comparatively higher 16.04% annualized return.
^SSEC
- 1D
- -0.64%
- 1M
- -1.34%
- YTD
- 2.24%
- 6M
- 4.30%
- 1Y
- 20.77%
- 3Y*
- 7.87%
- 5Y*
- 2.47%
- 10Y*
- 3.30%
VOO
- 1D
- -0.31%
- 1M
- -0.32%
- YTD
- 6.21%
- 6M
- 5.12%
- 1Y
- 19.84%
- 3Y*
- 19.00%
- 5Y*
- 14.59%
- 10Y*
- 16.04%
^SSEC vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^SSEC Shanghai Composite | 2.24% | 18.41% | 12.67% | -3.70% | -15.13% | 4.80% | 13.87% | 22.30% | -24.59% | 6.56% |
VOO Vanguard S&P 500 ETF | 6.21% | 12.88% | 28.52% | 29.99% | -11.15% | 25.38% | 10.90% | 33.01% | 0.92% | 14.11% |
Correlation
The correlation between ^SSEC and VOO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.06 |
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Return for Risk
^SSEC vs. VOO — Risk / Return Rank
^SSEC
VOO
^SSEC vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shanghai Composite (^SSEC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^SSEC | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.00 | +0.38 |
| Martin ratioReturn relative to average drawdown | 8.63 | 8.09 | +0.54 |
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Drawdowns
^SSEC vs. VOO - Drawdown Comparison
The maximum ^SSEC drawdown since its inception was -78.27%, which is greater than VOO's maximum drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for ^SSEC and VOO.
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Drawdown Indicators
| ^SSEC | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.27% | -33.12% | -45.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -9.95% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -17.89% | -18.07% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -27.27% | -18.97% | -8.30% |
Max Drawdown (10Y)Largest decline over 10 years | -30.77% | -33.12% | +2.35% |
Current DrawdownCurrent decline from peak | -33.39% | -1.66% | -31.73% |
Average DrawdownAverage peak-to-trough decline | -39.93% | -3.18% | -36.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.46% | -0.06% |
Volatility
^SSEC vs. VOO - Volatility Comparison
The current volatility for Shanghai Composite (^SSEC) is 3.92%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.65%. This indicates that ^SSEC 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.
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Volatility by Period
| ^SSEC | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 4.65% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 9.53% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 12.06% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 16.91% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 17.93% | -1.70% |
Frequently Asked Questions
^SSEC and VOO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.65%) compared to ^SSEC (3.92%). In terms of maximum drawdown, ^SSEC dropped -78.27% vs VOO's -33.12%.
^SSEC currently has the higher Sharpe Ratio (1.68 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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