CDAZX vs. VOO
Compare and contrast key facts about Multi-Manager Directional Alternative Strategies Fund (CDAZX) and Vanguard S&P 500 ETF (VOO).
CDAZX is managed by Columbia. It was launched on Jan 2, 2017. 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: CDAZX or VOO.
Correlation
The correlation between CDAZX and VOO is 0.76, 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
CDAZX vs. VOO - Performance Comparison
Key characteristics
CDAZX:
0.72
VOO:
2.10
CDAZX:
0.88
VOO:
2.80
CDAZX:
1.21
VOO:
1.39
CDAZX:
0.25
VOO:
3.12
CDAZX:
4.15
VOO:
13.83
CDAZX:
2.28%
VOO:
1.90%
CDAZX:
13.09%
VOO:
12.54%
CDAZX:
-54.10%
VOO:
-33.99%
CDAZX:
-32.65%
VOO:
-1.98%
Returns By Period
In the year-to-date period, CDAZX achieves a 9.31% return, which is significantly lower than VOO's 26.64% return.
CDAZX
9.31%
-10.63%
1.09%
9.47%
2.28%
N/A
VOO
26.64%
-0.83%
9.44%
26.33%
14.77%
13.07%
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CDAZX vs. VOO - Expense Ratio Comparison
CDAZX has a 1.84% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
CDAZX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Directional Alternative Strategies Fund (CDAZX) 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
CDAZX vs. VOO - Dividend Comparison
CDAZX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDAZX Multi-Manager Directional Alternative Strategies Fund | 0.00% | 1.34% | 2.19% | 1.11% | 0.00% | 0.00% | 0.89% | 1.56% | 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
CDAZX vs. VOO - Drawdown Comparison
The maximum CDAZX drawdown since its inception was -54.10%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CDAZX and VOO. For additional features, visit the drawdowns tool.
Volatility
CDAZX vs. VOO - Volatility Comparison
Multi-Manager Directional Alternative Strategies Fund (CDAZX) has a higher volatility of 11.05% compared to Vanguard S&P 500 ETF (VOO) at 4.05%. This indicates that CDAZX'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.