CGASY vs. VOO

Last updated Jun 4, 2026

CGASY (China Resources Gas Group Ltd ADR) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, CGASY returned -13.05%/yr vs 13.90%/yr for VOO. At a 0.03 correlation, their price movements are largely independent.

Performance

CGASY vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in China Resources Gas Group Ltd ADR (CGASY) 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, CGASY achieves a -15.71% return, which is significantly lower than VOO's 10.91% return.

CGASY

• 1D: 0.00%
• 1M: -15.71%
• YTD: -15.71%
• 6M: -9.27%
• 1Y: -11.57%
• 3Y*: -10.42%
• 5Y*: -13.05%
• 10Y*: —

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

CGASY vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CGASY China Resources Gas Group Ltd ADR	-15.71%	3.63%	6.10%	-42.07%	10.10%	-10.67%	6.02%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	24.98%	26.32%	-18.17%	28.79%	15.40%

Correlation

The correlation between CGASY and VOO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Jul 23, 2020	0.03

Return for Risk

CGASY vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGASY

CGASY Risk / Return Rank: 14
CGASY Sharpe Ratio Rank: 19
CGASY Sortino Ratio Rank: 20
CGASY Omega Ratio Rank: 8
CGASY Calmar Ratio Rank: 20
CGASY Martin Ratio Rank: 1

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGASY vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Resources Gas Group Ltd ADR (CGASY) 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.

	CGASY	VOO	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	2.39	-2.90
Sortino ratio: Return per unit of downside risk	-0.49	3.25	-3.74
Omega ratio: Gain probability vs. loss probability	0.84	1.43	-0.60
Calmar ratio: Return relative to maximum drawdown	-0.62	3.16	-3.78
Martin ratio: Return relative to average drawdown	-2.14	14.73	-16.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGASY vs. VOO - Sharpe Ratio Comparison

The current CGASY Sharpe Ratio is -0.51, which is lower than the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of CGASY and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGASY	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	2.39	-2.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.46	0.83	-1.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.36	0.89	-1.25

Drawdowns

CGASY vs. VOO - Drawdown Comparison

The maximum CGASY drawdown since its inception was -55.44%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CGASY and VOO.

Drawdown Indicators

	CGASY	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-33.99%	-21.45%
Max Drawdown (1Y) Largest decline over 1 year	-18.95%	-8.90%	-10.05%
Max Drawdown (3Y) Largest decline over 3 years	-35.48%	-18.69%	-16.79%
Max Drawdown (5Y) Largest decline over 5 years	-55.44%	-24.52%	-30.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-53.66%	-0.70%	-52.96%
Average Drawdown Average peak-to-trough decline	-28.46%	-3.69%	-24.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.46%	1.91%	+3.55%

Volatility

CGASY vs. VOO - Volatility Comparison

China Resources Gas Group Ltd ADR (CGASY) has a higher volatility of 19.75% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that CGASY'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.

Volatility by Period

	CGASY	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.75%	2.84%	+16.91%
Volatility (6M) Calculated over the trailing 6-month period	21.04%	8.90%	+12.14%
Volatility (1Y) Calculated over the trailing 1-year period	23.13%	11.80%	+11.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.84%	16.81%	+13.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.74%	18.01%	+9.73%

Dividends

CGASY vs. VOO - Dividend Comparison

CGASY's dividend yield for the trailing twelve months is around 5.60%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGASY China Resources Gas Group Ltd ADR	5.60%	4.61%	5.81%	5.59%	3.30%	2.59%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	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 CGASY and VOO in my portfolio?

CGASY and VOO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGASY or VOO?

CGASY has higher volatility (19.75%) compared to VOO (2.84%). In terms of maximum drawdown, CGASY dropped -55.44% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.