3988.HK vs. VOO
Compare and contrast key facts about Bank of China Limited (3988.HK) 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: 3988.HK or VOO.
Key characteristics
| 3988.HK | VOO | |
|---|---|---|
| YTD Return | 29.53% | 11.78% |
| 1Y Return | 27.70% | 28.27% |
| 3Y Return (Ann) | 16.88% | 10.42% |
| 5Y Return (Ann) | 10.30% | 15.03% |
| 10Y Return (Ann) | 8.07% | 13.05% |
| Sharpe Ratio | 1.22 | 2.56 |
| Daily Std Dev | 19.91% | 11.55% |
| Max Drawdown | -66.11% | -33.99% |
| Current Drawdown | -0.26% | -0.04% |
Correlation
The correlation between 3988.HK and VOO is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
3988.HK vs. VOO - Performance Comparison
In the year-to-date period, 3988.HK achieves a 29.53% return, which is significantly higher than VOO's 11.78% return. Over the past 10 years, 3988.HK has underperformed VOO with an annualized return of 8.07%, while VOO has yielded a comparatively higher 13.05% 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
3988.HK vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of China Limited (3988.HK) 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.
Dividends
3988.HK vs. VOO - Dividend Comparison
3988.HK's dividend yield for the trailing twelve months is around 6.53%, more than VOO's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3988.HK Bank of China Limited | 6.53% | 8.45% | 9.12% | 8.46% | 7.90% | 6.33% | 6.26% | 5.01% | 6.02% | 6.86% | 5.65% | 6.15% |
VOO Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
3988.HK vs. VOO - Drawdown Comparison
The maximum 3988.HK drawdown since its inception was -66.11%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for 3988.HK and VOO. For additional features, visit the drawdowns tool.
Volatility
3988.HK vs. VOO - Volatility Comparison
Bank of China Limited (3988.HK) has a higher volatility of 8.49% compared to Vanguard S&P 500 ETF (VOO) at 3.37%. This indicates that 3988.HK's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.