CAPE vs. VOO
Compare and contrast key facts about iPath Shiller CAPE ETN (CAPE) and Vanguard S&P 500 ETF (VOO).
CAPE and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CAPE is a passively managed fund by Barclays Capital that tracks the performance of the Shiller Barclays CAPE US Core Sector Index. It was launched on Oct 10, 2012. 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 CAPE 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: CAPE or VOO.
Correlation
The correlation between CAPE and VOO is 0.90, 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
CAPE vs. VOO - Performance Comparison
Key characteristics
CAPE:
1.54
VOO:
2.21
CAPE:
2.07
VOO:
2.93
CAPE:
1.27
VOO:
1.41
CAPE:
2.38
VOO:
3.35
CAPE:
7.35
VOO:
14.09
CAPE:
2.53%
VOO:
2.01%
CAPE:
12.04%
VOO:
12.78%
CAPE:
-22.07%
VOO:
-33.99%
CAPE:
-4.91%
VOO:
-0.46%
Returns By Period
In the year-to-date period, CAPE achieves a 1.24% return, which is significantly lower than VOO's 2.90% return.
CAPE
1.24%
0.58%
7.70%
17.20%
N/A
N/A
VOO
2.90%
2.05%
9.63%
26.44%
14.54%
13.46%
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CAPE vs. VOO - Expense Ratio Comparison
CAPE has a 0.45% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
CAPE vs. VOO — Risk-Adjusted Performance Rank
CAPE
VOO
CAPE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Shiller CAPE ETN (CAPE) 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
CAPE vs. VOO - Dividend Comparison
CAPE's dividend yield for the trailing twelve months is around 1.22%, which matches VOO's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAPE iPath Shiller CAPE ETN | 1.22% | 1.23% | 1.01% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.21% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
CAPE vs. VOO - Drawdown Comparison
The maximum CAPE drawdown since its inception was -22.07%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CAPE and VOO. For additional features, visit the drawdowns tool.
Volatility
CAPE vs. VOO - Volatility Comparison
The current volatility for iPath Shiller CAPE ETN (CAPE) is 4.29%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.12%. This indicates that CAPE 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.