AXSIX vs. VOO
Compare and contrast key facts about Axonic Strategic Income Fund (AXSIX) and Vanguard S&P 500 ETF (VOO).
AXSIX is managed by Axonic. It was launched on Dec 29, 2019. 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: AXSIX or VOO.
Key characteristics
| AXSIX | VOO | |
|---|---|---|
| YTD Return | 8.43% | 25.62% |
| 1Y Return | 10.44% | 37.28% |
| 3Y Return (Ann) | 3.33% | 9.75% |
| Sharpe Ratio | 4.36 | 3.06 |
| Sortino Ratio | 11.24 | 4.08 |
| Omega Ratio | 2.97 | 1.57 |
| Calmar Ratio | 12.14 | 4.46 |
| Martin Ratio | 51.78 | 20.36 |
| Ulcer Index | 0.21% | 1.85% |
| Daily Std Dev | 2.46% | 12.32% |
| Max Drawdown | -12.55% | -33.99% |
| Current Drawdown | -0.55% | 0.00% |
Correlation
The correlation between AXSIX and VOO is 0.18, 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.
Performance
AXSIX vs. VOO - Performance Comparison
In the year-to-date period, AXSIX achieves a 8.43% return, which is significantly lower than VOO's 25.62% 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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AXSIX vs. VOO - Expense Ratio Comparison
AXSIX has a 1.00% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
AXSIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Axonic Strategic Income Fund (AXSIX) 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
AXSIX vs. VOO - Dividend Comparison
AXSIX's dividend yield for the trailing twelve months is around 8.16%, more than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXSIX Axonic Strategic Income Fund | 8.16% | 8.55% | 5.35% | 6.43% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
AXSIX vs. VOO - Drawdown Comparison
The maximum AXSIX drawdown since its inception was -12.55%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AXSIX and VOO. For additional features, visit the drawdowns tool.
Volatility
AXSIX vs. VOO - Volatility Comparison
The current volatility for Axonic Strategic Income Fund (AXSIX) is 0.74%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.94%. This indicates that AXSIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.