Correlation
The correlation between CARE and VOO is 0.29, 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.
CARE vs. VOO
Compare and contrast key facts about Carter Bankshares, Inc. (CARE) 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: CARE or VOO.
Performance
CARE vs. VOO - Performance Comparison
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Key characteristics
CARE:
0.90
VOO:
0.74
CARE:
1.53
VOO:
1.04
CARE:
1.19
VOO:
1.15
CARE:
0.61
VOO:
0.68
CARE:
2.24
VOO:
2.58
CARE:
13.27%
VOO:
4.93%
CARE:
33.46%
VOO:
19.54%
CARE:
-73.16%
VOO:
-33.99%
CARE:
-30.15%
VOO:
-3.55%
Returns By Period
In the year-to-date period, CARE achieves a -6.48% return, which is significantly lower than VOO's 0.90% return. Over the past 10 years, CARE has underperformed VOO with an annualized return of 3.14%, while VOO has yielded a comparatively higher 12.81% annualized return.
CARE
-6.48%
7.45%
-11.94%
29.83%
3.61%
18.43%
3.14%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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Risk-Adjusted Performance
CARE vs. VOO — Risk-Adjusted Performance Rank
CARE
VOO
CARE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Carter Bankshares, Inc. (CARE) 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.
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Dividends
CARE vs. VOO - Dividend Comparison
CARE has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.29%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARE Carter Bankshares, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.31% | 0.00% | 0.00% | 0.00% | 2.26% | 2.96% | 3.15% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
CARE vs. VOO - Drawdown Comparison
The maximum CARE drawdown since its inception was -73.16%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CARE and VOO.
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Volatility
CARE vs. VOO - Volatility Comparison
Carter Bankshares, Inc. (CARE) has a higher volatility of 5.19% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that CARE'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.
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