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AAA vs. VOO

Last updated Feb 28, 2024

Compare and contrast key facts about AAF First Priority CLO Bond ETF (AAA) and Vanguard S&P 500 ETF (VOO).

AAA and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020. 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: AAA or VOO.

Key characteristics


AAAVOO
YTD Return1.48%6.67%
1Y Return8.89%29.53%
3Y Return (Ann)3.72%11.80%
Sharpe Ratio4.962.44
Daily Std Dev1.74%12.28%
Max Drawdown-2.64%-33.99%
Current Drawdown0.00%-0.18%

Correlation

-0.04
-1.001.00

The correlation between AAA and VOO is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

AAA vs. VOO - Performance Comparison

In the year-to-date period, AAA achieves a 1.48% return, which is significantly lower than VOO's 6.67% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%15.00%SeptemberOctoberNovemberDecember2024February
4.69%
13.81%
AAA
VOO

Compare stocks, funds, or ETFs


AAF First Priority CLO Bond ETF

Vanguard S&P 500 ETF

AAA vs. VOO - Dividend Comparison

AAA's dividend yield for the trailing twelve months is around 6.07%, more than VOO's 1.36% yield.


TTM20232022202120202019201820172016201520142013
AAA
AAF First Priority CLO Bond ETF
6.07%6.11%2.78%1.05%0.32%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF
1.36%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

AAA vs. VOO - Expense Ratio Comparison

AAA has a 0.25% expense ratio, which is higher than VOO's 0.03% expense ratio.

0.25%
0.00%2.15%
0.03%
0.00%2.15%

AAA vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AAA
AAF First Priority CLO Bond ETF
4.96
VOO
Vanguard S&P 500 ETF
2.44

AAA vs. VOO - Sharpe Ratio Comparison

The current AAA Sharpe Ratio is 4.96, which is higher than the VOO Sharpe Ratio of 2.44. The chart below compares the 12-month rolling Sharpe Ratio of AAA and VOO.


Rolling 12-month Sharpe Ratio1.002.003.004.005.006.007.00SeptemberOctoberNovemberDecember2024February
4.96
2.44
AAA
VOO

AAA vs. VOO - Drawdown Comparison

The maximum AAA drawdown since its inception was -2.64%, smaller than the maximum VOO drawdown of -33.99%. The drawdown chart below compares losses from any high point along the way for AAA and VOO


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2024February0
-0.18%
AAA
VOO

AAA vs. VOO - Volatility Comparison

The current volatility for AAF First Priority CLO Bond ETF (AAA) is 0.64%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.96%. This indicates that AAA 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.


0.00%1.00%2.00%3.00%4.00%5.00%SeptemberOctoberNovemberDecember2024February
0.64%
3.96%
AAA
VOO