AAA vs. VOO
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
| AAA | VOO | |
|---|---|---|
| YTD Return | 2.42% | 5.98% |
| 1Y Return | 8.81% | 22.69% |
| 3Y Return (Ann) | 4.02% | 8.02% |
| Sharpe Ratio | 5.12 | 1.93 |
| Daily Std Dev | 1.72% | 11.69% |
| Max Drawdown | -2.64% | -33.99% |
| Current Drawdown | -0.02% | -4.14% |
Correlation
The correlation between AAA and VOO is -0.05. 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.
Performance
AAA vs. VOO - Performance Comparison
In the year-to-date period, AAA achieves a 2.42% return, which is significantly lower than VOO's 5.98% 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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AAA vs. VOO - Expense Ratio Comparison
AAA has a 0.25% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
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.
Dividends
AAA vs. VOO - Dividend Comparison
AAA's dividend yield for the trailing twelve months is around 6.22%, more than VOO's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAA AAF First Priority CLO Bond ETF | 6.22% | 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 | 1.39% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
AAA vs. VOO - Drawdown Comparison
The maximum AAA drawdown since its inception was -2.64%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AAA and VOO. For additional features, visit the drawdowns tool.
Volatility
AAA vs. VOO - Volatility Comparison
The current volatility for AAF First Priority CLO Bond ETF (AAA) is 0.45%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.89%. 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.