CTEX vs. VOO
Compare and contrast key facts about ProShares S&P Kensho Cleantech ETF (CTEX) and Vanguard S&P 500 ETF (VOO).
CTEX and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTEX is a passively managed fund by ProShares that tracks the performance of the S&P Kensho Cleantech Index. It was launched on Sep 29, 2021. 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 CTEX 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: CTEX or VOO.
Key characteristics
| CTEX | VOO | |
|---|---|---|
| YTD Return | -22.02% | 6.62% |
| 1Y Return | -29.96% | 25.71% |
| Sharpe Ratio | -0.80 | 2.13 |
| Daily Std Dev | 37.12% | 11.67% |
| Max Drawdown | -61.00% | -33.99% |
| Current Drawdown | -58.75% | -3.56% |
Correlation
The correlation between CTEX and VOO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CTEX vs. VOO - Performance Comparison
In the year-to-date period, CTEX achieves a -22.02% return, which is significantly lower than VOO's 6.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CTEX vs. VOO - Expense Ratio Comparison
CTEX has a 0.58% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
CTEX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Kensho Cleantech ETF (CTEX) 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
CTEX vs. VOO - Dividend Comparison
CTEX's dividend yield for the trailing twelve months is around 0.20%, less than VOO's 1.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTEX ProShares S&P Kensho Cleantech ETF | 0.20% | 0.12% | 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 | 1.38% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
CTEX vs. VOO - Drawdown Comparison
The maximum CTEX drawdown since its inception was -61.00%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CTEX and VOO. For additional features, visit the drawdowns tool.
Volatility
CTEX vs. VOO - Volatility Comparison
ProShares S&P Kensho Cleantech ETF (CTEX) has a higher volatility of 9.16% compared to Vanguard S&P 500 ETF (VOO) at 4.04%. This indicates that CTEX'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.