AOVIX vs. VOO
Compare and contrast key facts about American Century Investments One Choice Portfolio: Very Aggressive (AOVIX) and Vanguard S&P 500 ETF (VOO).
AOVIX is managed by American Century Investments. It was launched on Sep 29, 2004. 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: AOVIX or VOO.
Key characteristics
| AOVIX | VOO | |
|---|---|---|
| YTD Return | 11.75% | 16.70% |
| 1Y Return | 18.36% | 24.43% |
| 3Y Return (Ann) | 1.56% | 8.41% |
| 5Y Return (Ann) | 9.90% | 14.98% |
| 10Y Return (Ann) | 8.53% | 12.69% |
| Sharpe Ratio | 1.40 | 1.90 |
| Daily Std Dev | 12.36% | 12.55% |
| Max Drawdown | -54.18% | -33.99% |
| Current Drawdown | -2.18% | -2.45% |
Correlation
The correlation between AOVIX and VOO is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AOVIX vs. VOO - Performance Comparison
In the year-to-date period, AOVIX achieves a 11.75% return, which is significantly lower than VOO's 16.70% return. Over the past 10 years, AOVIX has underperformed VOO with an annualized return of 8.53%, while VOO has yielded a comparatively higher 12.69% 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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AOVIX vs. VOO - Expense Ratio Comparison
AOVIX has a 0.00% expense ratio, which is lower than VOO's 0.03% expense ratio. Despite the difference, 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
AOVIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Investments One Choice Portfolio: Very Aggressive (AOVIX) 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
AOVIX vs. VOO - Dividend Comparison
AOVIX's dividend yield for the trailing twelve months is around 1.42%, more than VOO's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOVIX American Century Investments One Choice Portfolio: Very Aggressive | 1.42% | 1.59% | 12.63% | 9.86% | 8.31% | 9.10% | 10.18% | 3.59% | 4.63% | 16.33% | 1.87% | 0.88% |
VOO Vanguard S&P 500 ETF | 1.31% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
AOVIX vs. VOO - Drawdown Comparison
The maximum AOVIX drawdown since its inception was -54.18%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AOVIX and VOO. For additional features, visit the drawdowns tool.
Volatility
AOVIX vs. VOO - Volatility Comparison
American Century Investments One Choice Portfolio: Very Aggressive (AOVIX) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.38% and 4.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.