Correlation
The correlation between ARRY and VOO is 0.37, 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.
ARRY vs. VOO
Compare and contrast key facts about Array Technologies, Inc. (ARRY) 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: ARRY or VOO.
Performance
ARRY vs. VOO - Performance Comparison
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Key characteristics
ARRY:
-0.59
VOO:
0.70
ARRY:
-0.55
VOO:
1.05
ARRY:
0.94
VOO:
1.15
ARRY:
-0.56
VOO:
0.69
ARRY:
-1.00
VOO:
2.62
ARRY:
51.22%
VOO:
4.93%
ARRY:
88.25%
VOO:
19.55%
ARRY:
-92.20%
VOO:
-33.99%
ARRY:
-87.03%
VOO:
-3.45%
Returns By Period
In the year-to-date period, ARRY achieves a 9.60% return, which is significantly higher than VOO's 1.00% return.
ARRY
9.60%
25.14%
-5.43%
-52.06%
-15.80%
N/A
N/A
VOO
1.00%
6.44%
-0.84%
13.62%
14.14%
15.91%
12.81%
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Risk-Adjusted Performance
ARRY vs. VOO — Risk-Adjusted Performance Rank
ARRY
VOO
ARRY vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Array Technologies, Inc. (ARRY) 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
ARRY vs. VOO - Dividend Comparison
ARRY has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.29%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ARRY Array Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
ARRY vs. VOO - Drawdown Comparison
The maximum ARRY drawdown since its inception was -92.20%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ARRY and VOO.
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Volatility
ARRY vs. VOO - Volatility Comparison
Array Technologies, Inc. (ARRY) has a higher volatility of 33.85% compared to Vanguard S&P 500 ETF (VOO) at 4.83%. This indicates that ARRY'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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