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ASH vs. IVOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ASH and IVOO is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.7

Performance

ASH vs. IVOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ashland Global Holdings Inc. (ASH) and Vanguard S&P Mid-Cap 400 ETF (IVOO). The values are adjusted to include any dividend payments, if applicable.

300.00%350.00%400.00%450.00%JulyAugustSeptemberOctoberNovemberDecember
261.64%
403.86%
ASH
IVOO

Key characteristics

Sharpe Ratio

ASH:

-0.49

IVOO:

0.98

Sortino Ratio

ASH:

-0.57

IVOO:

1.45

Omega Ratio

ASH:

0.92

IVOO:

1.18

Calmar Ratio

ASH:

-0.40

IVOO:

1.85

Martin Ratio

ASH:

-1.17

IVOO:

5.24

Ulcer Index

ASH:

11.67%

IVOO:

2.99%

Daily Std Dev

ASH:

28.05%

IVOO:

15.97%

Max Drawdown

ASH:

-91.64%

IVOO:

-42.33%

Current Drawdown

ASH:

-34.49%

IVOO:

-7.90%

Returns By Period

In the year-to-date period, ASH achieves a -13.24% return, which is significantly lower than IVOO's 13.86% return. Over the past 10 years, ASH has underperformed IVOO with an annualized return of 3.52%, while IVOO has yielded a comparatively higher 9.53% annualized return.


ASH

YTD

-13.24%

1M

-5.23%

6M

-25.10%

1Y

-14.20%

5Y*

0.28%

10Y*

3.52%

IVOO

YTD

13.86%

1M

-3.31%

6M

7.28%

1Y

14.18%

5Y*

10.25%

10Y*

9.53%

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Risk-Adjusted Performance

ASH vs. IVOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashland Global Holdings Inc. (ASH) and Vanguard S&P Mid-Cap 400 ETF (IVOO). 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.


Sharpe ratio
The chart of Sharpe ratio for ASH, currently valued at -0.49, compared to the broader market-4.00-2.000.002.00-0.490.98
The chart of Sortino ratio for ASH, currently valued at -0.57, compared to the broader market-4.00-2.000.002.004.00-0.571.45
The chart of Omega ratio for ASH, currently valued at 0.92, compared to the broader market0.501.001.502.000.921.18
The chart of Calmar ratio for ASH, currently valued at -0.40, compared to the broader market0.002.004.006.00-0.401.85
The chart of Martin ratio for ASH, currently valued at -1.17, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.175.24
ASH
IVOO

The current ASH Sharpe Ratio is -0.49, which is lower than the IVOO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of ASH and IVOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.49
0.98
ASH
IVOO

Dividends

ASH vs. IVOO - Dividend Comparison

ASH's dividend yield for the trailing twelve months is around 2.23%, more than IVOO's 0.91% yield.


TTM20232022202120202019201820172016201520142013
ASH
Ashland Global Holdings Inc.
2.23%1.77%1.21%1.09%1.39%1.40%1.37%1.22%1.43%1.47%1.14%1.28%
IVOO
Vanguard S&P Mid-Cap 400 ETF
0.91%1.25%1.58%1.14%1.23%1.49%1.56%1.22%1.37%1.45%1.26%0.92%

Drawdowns

ASH vs. IVOO - Drawdown Comparison

The maximum ASH drawdown since its inception was -91.64%, which is greater than IVOO's maximum drawdown of -42.33%. Use the drawdown chart below to compare losses from any high point for ASH and IVOO. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-34.49%
-7.90%
ASH
IVOO

Volatility

ASH vs. IVOO - Volatility Comparison

Ashland Global Holdings Inc. (ASH) has a higher volatility of 6.36% compared to Vanguard S&P Mid-Cap 400 ETF (IVOO) at 5.35%. This indicates that ASH's price experiences larger fluctuations and is considered to be riskier than IVOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
6.36%
5.35%
ASH
IVOO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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