BANKINDIA.NS vs. VOO
Compare and contrast key facts about Bank of India (BANKINDIA.NS) 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: BANKINDIA.NS or VOO.
Key characteristics
| BANKINDIA.NS | VOO | |
|---|---|---|
| YTD Return | 8.08% | 11.61% |
| 1Y Return | 63.33% | 29.33% |
| 3Y Return (Ann) | 20.37% | 10.04% |
| 5Y Return (Ann) | 10.02% | 15.01% |
| 10Y Return (Ann) | -7.84% | 12.96% |
| Sharpe Ratio | 1.54 | 2.66 |
| Daily Std Dev | 38.98% | 11.60% |
| Max Drawdown | -93.85% | -33.99% |
| Current Drawdown | -74.36% | -0.19% |
Correlation
The correlation between BANKINDIA.NS and VOO is 0.14, 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
BANKINDIA.NS vs. VOO - Performance Comparison
In the year-to-date period, BANKINDIA.NS achieves a 8.08% return, which is significantly lower than VOO's 11.61% return. Over the past 10 years, BANKINDIA.NS has underperformed VOO with an annualized return of -7.84%, while VOO has yielded a comparatively higher 12.96% annualized 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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Risk-Adjusted Performance
BANKINDIA.NS vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of India (BANKINDIA.NS) 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
BANKINDIA.NS vs. VOO - Dividend Comparison
BANKINDIA.NS's dividend yield for the trailing twelve months is around 1.64%, more than VOO's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BANKINDIA.NS Bank of India | 1.64% | 1.78% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.35% | 1.66% | 4.20% |
VOO Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
BANKINDIA.NS vs. VOO - Drawdown Comparison
The maximum BANKINDIA.NS drawdown since its inception was -93.85%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BANKINDIA.NS and VOO. For additional features, visit the drawdowns tool.
Volatility
BANKINDIA.NS vs. VOO - Volatility Comparison
Bank of India (BANKINDIA.NS) has a higher volatility of 14.49% compared to Vanguard S&P 500 ETF (VOO) at 3.41%. This indicates that BANKINDIA.NS'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.