CVLC vs. VOO
Compare and contrast key facts about Calvert US Large-Cap Core Responsible Index ETF (CVLC) and Vanguard S&P 500 ETF (VOO).
CVLC and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVLC is a passively managed fund by Calvert that tracks the performance of the Calvert US Large-Cap Core Responsible Index - Benchmark TR Gross. It was launched on Jan 30, 2023. 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 CVLC 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: CVLC or VOO.
Key characteristics
| CVLC | VOO | |
|---|---|---|
| YTD Return | 26.07% | 26.59% |
| 1Y Return | 39.30% | 38.23% |
| Sharpe Ratio | 3.05 | 3.11 |
| Sortino Ratio | 4.05 | 4.14 |
| Omega Ratio | 1.57 | 1.58 |
| Calmar Ratio | 4.27 | 4.54 |
| Martin Ratio | 18.54 | 20.72 |
| Ulcer Index | 2.13% | 1.85% |
| Daily Std Dev | 12.96% | 12.33% |
| Max Drawdown | -11.30% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CVLC and VOO is 0.98, 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
CVLC vs. VOO - Performance Comparison
The year-to-date returns for both investments are quite close, with CVLC having a 26.07% return and VOO slightly higher at 26.59%. 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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CVLC vs. VOO - Expense Ratio Comparison
CVLC has a 0.15% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CVLC vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Core Responsible Index ETF (CVLC) 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
CVLC vs. VOO - Dividend Comparison
CVLC's dividend yield for the trailing twelve months is around 1.01%, less than VOO's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVLC Calvert US Large-Cap Core Responsible Index ETF | 1.01% | 0.91% | 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 | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
CVLC vs. VOO - Drawdown Comparison
The maximum CVLC drawdown since its inception was -11.30%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CVLC and VOO. For additional features, visit the drawdowns tool.
Volatility
CVLC vs. VOO - Volatility Comparison
Calvert US Large-Cap Core Responsible Index ETF (CVLC) has a higher volatility of 4.20% compared to Vanguard S&P 500 ETF (VOO) at 3.95%. This indicates that CVLC'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.