CDNL vs. VOO

Last updated Aug 1, 2026

CDNL (Cardinal Infrastructure Group Inc.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Their 0.40 correlation means their historical movements had little consistent relationship.

Performance

CDNL vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cardinal Infrastructure Group Inc. (CDNL) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDNL achieves a 155.96% return, which is significantly higher than VOO's 10.16% return.

CDNL

• 1D: -1.70%
• 1M: -16.65%
• 6M: 145.69%
• YTD: 155.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

VOO

• 1D: 0.71%
• 1M: 0.26%
• 6M: 8.58%
• YTD: 10.16%
• 1Y: 21.58%
• 3Y*: 19.42%
• 5Y*: 12.83%
• 10Y*: 15.14%
• ALL TIME*: 14.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CDNL Cardinal Infrastructure Group Inc.	$29.73M	$48.76M	$46.88M
VOO Vanguard S&P 500 ETF	$3.82B	$3.78B	$5.44B

CDNL vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025
CDNL Cardinal Infrastructure Group Inc.	155.96%	5.13%
VOO Vanguard S&P 500 ETF	10.16%	0.13%

Correlation

The correlation between CDNL and VOO is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025	0.40

Return for Risk

CDNL vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CDNL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 65
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CDNL vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cardinal Infrastructure Group Inc. (CDNL) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CDNL	VOO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.53	—
Sortino ratio: Return per unit of downside risk	—	2.13	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.21	—
Martin ratio: Return relative to average drawdown	—	9.44	—

Drawdowns

CDNL vs. VOO - Drawdown Comparison

The maximum CDNL drawdown since its inception was -37.66%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CDNL and VOO.

Drawdown Indicators

	CDNL	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-37.66%	-33.99%	-3.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-34.38%	-1.38%	-33.00%
Average Drawdown Average peak-to-trough decline	-10.90%	-3.67%	-7.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.08%	—

Volatility

Volatility by Period

	CDNL	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.60%	12.82%	+76.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.60%	16.93%	+72.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.60%	18.01%	+71.59%

Dividends

CDNL vs. VOO - Dividend Comparison

CDNL has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDNL Cardinal Infrastructure Group Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.07%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both CDNL and VOO in my portfolio?

CDNL and VOO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.