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DMLP vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DMLP and VOO is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.3

Performance

DMLP vs. VOO - Performance Comparison

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

-5.00%0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
9.66%
9.97%
DMLP
VOO

Key characteristics

Sharpe Ratio

DMLP:

0.60

VOO:

2.22

Sortino Ratio

DMLP:

0.94

VOO:

2.95

Omega Ratio

DMLP:

1.12

VOO:

1.42

Calmar Ratio

DMLP:

0.89

VOO:

3.27

Martin Ratio

DMLP:

1.87

VOO:

14.57

Ulcer Index

DMLP:

7.05%

VOO:

1.90%

Daily Std Dev

DMLP:

21.81%

VOO:

12.47%

Max Drawdown

DMLP:

-72.35%

VOO:

-33.99%

Current Drawdown

DMLP:

-6.34%

VOO:

-1.77%

Returns By Period

In the year-to-date period, DMLP achieves a 12.74% return, which is significantly lower than VOO's 26.92% return. Both investments have delivered pretty close results over the past 10 years, with DMLP having a 12.65% annualized return and VOO not far ahead at 13.12%.


DMLP

YTD

12.74%

1M

-4.48%

6M

8.34%

1Y

14.10%

5Y*

23.79%

10Y*

12.65%

VOO

YTD

26.92%

1M

0.27%

6M

10.43%

1Y

27.36%

5Y*

14.95%

10Y*

13.12%

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Risk-Adjusted Performance

DMLP vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Dorchester Minerals, L.P. (DMLP) 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.


Sharpe ratio
The chart of Sharpe ratio for DMLP, currently valued at 0.60, compared to the broader market-4.00-2.000.002.000.602.22
The chart of Sortino ratio for DMLP, currently valued at 0.94, compared to the broader market-4.00-2.000.002.004.000.942.95
The chart of Omega ratio for DMLP, currently valued at 1.12, compared to the broader market0.501.001.502.001.121.42
The chart of Calmar ratio for DMLP, currently valued at 0.89, compared to the broader market0.002.004.006.000.893.27
The chart of Martin ratio for DMLP, currently valued at 1.87, compared to the broader market-5.000.005.0010.0015.0020.0025.001.8714.57
DMLP
VOO

The current DMLP Sharpe Ratio is 0.60, which is lower than the VOO Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of DMLP and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.60
2.22
DMLP
VOO

Dividends

DMLP vs. VOO - Dividend Comparison

DMLP's dividend yield for the trailing twelve months is around 10.82%, more than VOO's 1.23% yield.


TTM20232022202120202019201820172016201520142013
DMLP
Dorchester Minerals, L.P.
10.82%10.67%11.68%7.75%12.75%10.32%11.86%7.61%4.88%11.67%7.46%6.67%
VOO
Vanguard S&P 500 ETF
1.23%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

DMLP vs. VOO - Drawdown Comparison

The maximum DMLP drawdown since its inception was -72.35%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DMLP and VOO. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.34%
-1.77%
DMLP
VOO

Volatility

DMLP vs. VOO - Volatility Comparison

Dorchester Minerals, L.P. (DMLP) has a higher volatility of 5.74% compared to Vanguard S&P 500 ETF (VOO) at 3.78%. This indicates that DMLP'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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
5.74%
3.78%
DMLP
VOO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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