ASAN vs. VOO
ASAN (Asana, Inc.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, ASAN returned -35.16%/yr vs 13.01%/yr for VOO. At a 0.46 correlation, their price movements are largely independent.
Performance
ASAN vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, ASAN achieves a -43.91% return, which is significantly lower than VOO's 10.45% return.
ASAN
- 1D
- 4.91%
- 1M
- 4.06%
- 6M
- -40.66%
- YTD
- -43.91%
- 1Y
- -44.60%
- 3Y*
- -30.61%
- 5Y*
- -35.16%
- 10Y*
- —
VOO
- 1D
- -0.77%
- 1M
- 1.25%
- 6M
- 8.34%
- YTD
- 10.45%
- 1Y
- 21.53%
- 3Y*
- 20.16%
- 5Y*
- 13.01%
- 10Y*
- 15.16%
ASAN vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ASAN Asana, Inc. | -43.91% | -32.36% | 6.63% | 38.05% | -81.53% | 152.28% | 9.44% |
VOO Vanguard S&P 500 ETF | 10.45% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 13.03% |
Correlation
The correlation between ASAN and VOO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.46 |
Over the past year, the correlation between ASAN and VOO has dropped to 0.23 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
ASAN vs. VOO — Risk / Return Rank
ASAN
VOO
ASAN vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Asana, Inc. (ASAN) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASAN | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.31 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.43 | -3.12 |
| Martin ratioReturn relative to average drawdown | -1.19 | 10.60 | -11.78 |
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Drawdowns
ASAN vs. VOO - Drawdown Comparison
The maximum ASAN drawdown since its inception was -96.17%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ASAN and VOO.
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Drawdown Indicators
| ASAN | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.17% | -33.99% | -62.18% |
Max Drawdown (1Y)Largest decline over 1 year | -64.43% | -8.90% | -55.53% |
Max Drawdown (3Y)Largest decline over 3 years | -80.16% | -18.69% | -61.47% |
Max Drawdown (5Y)Largest decline over 5 years | -96.17% | -24.52% | -71.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -94.61% | -1.11% | -93.50% |
Average DrawdownAverage peak-to-trough decline | -70.95% | -3.68% | -67.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.62% | 2.04% | +35.58% |
Volatility
ASAN vs. VOO - Volatility Comparison
Asana, Inc. (ASAN) has a higher volatility of 15.60% compared to Vanguard S&P 500 ETF (VOO) at 4.16%. This indicates that ASAN'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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Volatility by Period
| ASAN | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.60% | 4.16% | +11.44% |
Volatility (6M)Calculated over the trailing 6-month period | 49.58% | 9.97% | +39.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.39% | 12.53% | +47.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.01% | 16.93% | +62.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.76% | 18.00% | +58.76% |
Dividends
ASAN vs. VOO - Dividend Comparison
ASAN has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASAN Asana, 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 | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
ASAN and VOO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASAN has higher volatility (15.60%) compared to VOO (4.16%). In terms of maximum drawdown, ASAN dropped -96.17% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.73 vs -0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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