AVGE vs. VOO
Compare and contrast key facts about Avantis All Equity Markets ETF (AVGE) and Vanguard S&P 500 ETF (VOO).
AVGE and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVGE is a passively managed fund by Avantis that tracks the performance of the MSCI AC World IMI. It was launched on Sep 27, 2022. 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. Both AVGE and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVGE or VOO.
Key characteristics
| AVGE | VOO | |
|---|---|---|
| YTD Return | 16.87% | 26.94% |
| 1Y Return | 26.50% | 35.06% |
| Sharpe Ratio | 2.38 | 3.08 |
| Sortino Ratio | 3.28 | 4.09 |
| Omega Ratio | 1.43 | 1.58 |
| Calmar Ratio | 3.65 | 4.46 |
| Martin Ratio | 15.26 | 20.36 |
| Ulcer Index | 1.98% | 1.85% |
| Daily Std Dev | 12.65% | 12.23% |
| Max Drawdown | -11.12% | -33.99% |
| Current Drawdown | -1.27% | -0.25% |
Correlation
The correlation between AVGE and VOO is 0.89, 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
AVGE vs. VOO - Performance Comparison
In the year-to-date period, AVGE achieves a 16.87% return, which is significantly lower than VOO's 26.94% 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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AVGE vs. VOO - Expense Ratio Comparison
AVGE has a 0.23% expense ratio, which is higher than VOO's 0.03% expense ratio. However, 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
AVGE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets ETF (AVGE) 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
AVGE vs. VOO - Dividend Comparison
AVGE's dividend yield for the trailing twelve months is around 1.74%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGE Avantis All Equity Markets ETF | 1.74% | 1.93% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
AVGE vs. VOO - Drawdown Comparison
The maximum AVGE drawdown since its inception was -11.12%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AVGE and VOO. For additional features, visit the drawdowns tool.
Volatility
AVGE vs. VOO - Volatility Comparison
Avantis All Equity Markets ETF (AVGE) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.68% and 3.78%, 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.