Correlation
The correlation between ALRS and VOO is 0.24, 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.
ALRS vs. VOO
Compare and contrast key facts about Alerus Financial Corporation (ALRS) 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: ALRS or VOO.
Performance
ALRS vs. VOO - Performance Comparison
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Key characteristics
ALRS:
0.41
VOO:
0.74
ALRS:
0.79
VOO:
1.04
ALRS:
1.11
VOO:
1.15
ALRS:
0.27
VOO:
0.68
ALRS:
1.01
VOO:
2.58
ALRS:
13.62%
VOO:
4.93%
ALRS:
35.27%
VOO:
19.54%
ALRS:
-61.66%
VOO:
-33.99%
ALRS:
-35.50%
VOO:
-3.55%
Returns By Period
In the year-to-date period, ALRS achieves a 10.41% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, ALRS has underperformed VOO with an annualized return of 3.88%, while VOO has yielded a comparatively higher 12.81% annualized return.
ALRS
10.41%
4.53%
-2.63%
13.23%
-2.51%
6.33%
3.88%
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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Risk-Adjusted Performance
ALRS vs. VOO — Risk-Adjusted Performance Rank
ALRS
VOO
ALRS vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerus Financial Corporation (ALRS) 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.
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Dividends
ALRS vs. VOO - Dividend Comparison
ALRS's dividend yield for the trailing twelve months is around 3.81%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALRS Alerus Financial Corporation | 3.81% | 4.11% | 3.35% | 3.00% | 2.15% | 2.19% | 2.49% | 2.75% | 2.35% | 2.59% | 2.22% | 1.94% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
ALRS vs. VOO - Drawdown Comparison
The maximum ALRS drawdown since its inception was -61.66%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ALRS and VOO.
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Volatility
ALRS vs. VOO - Volatility Comparison
Alerus Financial Corporation (ALRS) has a higher volatility of 6.73% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that ALRS'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.
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