Correlation
The correlation between DEVDX and VOO is 0.59, 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.
DEVDX vs. VOO
Compare and contrast key facts about Driehaus Event Driven Fund (DEVDX) and Vanguard S&P 500 ETF (VOO).
DEVDX is managed by Driehaus. It was launched on Aug 22, 2013. 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: DEVDX or VOO.
Performance
DEVDX vs. VOO - Performance Comparison
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Key characteristics
DEVDX:
-0.09
VOO:
0.74
DEVDX:
-0.16
VOO:
1.04
DEVDX:
0.98
VOO:
1.15
DEVDX:
-0.10
VOO:
0.68
DEVDX:
-0.24
VOO:
2.58
DEVDX:
3.74%
VOO:
4.93%
DEVDX:
6.02%
VOO:
19.54%
DEVDX:
-20.21%
VOO:
-33.99%
DEVDX:
-6.57%
VOO:
-3.55%
Returns By Period
In the year-to-date period, DEVDX achieves a -4.14% return, which is significantly lower than VOO's 0.90% return. Over the past 10 years, DEVDX has underperformed VOO with an annualized return of 4.65%, while VOO has yielded a comparatively higher 12.81% annualized return.
DEVDX
-4.14%
0.33%
-6.06%
-0.56%
1.96%
5.75%
4.65%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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DEVDX vs. VOO - Expense Ratio Comparison
DEVDX has a 1.66% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
DEVDX vs. VOO — Risk-Adjusted Performance Rank
DEVDX
VOO
DEVDX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Driehaus Event Driven Fund (DEVDX) 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.
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Dividends
DEVDX vs. VOO - Dividend Comparison
DEVDX's dividend yield for the trailing twelve months is around 1.40%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEVDX Driehaus Event Driven Fund | 1.40% | 1.34% | 4.48% | 1.48% | 12.11% | 3.48% | 4.09% | 3.57% | 0.00% | 1.20% | 0.66% | 0.38% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
DEVDX vs. VOO - Drawdown Comparison
The maximum DEVDX drawdown since its inception was -20.21%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DEVDX and VOO.
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Volatility
DEVDX vs. VOO - Volatility Comparison
The current volatility for Driehaus Event Driven Fund (DEVDX) is 1.76%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that DEVDX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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