EDOW vs. VOO
Compare and contrast key facts about First Trust Dow 30 Equal Weight ETF (EDOW) and Vanguard S&P 500 ETF (VOO).
EDOW and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EDOW is a passively managed fund by First Trust that tracks the performance of the Dow Jones Industrail Average Equal Weight TR. It was launched on Aug 8, 2017. 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 EDOW 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: EDOW or VOO.
Key characteristics
| EDOW | VOO | |
|---|---|---|
| YTD Return | 14.60% | 27.15% |
| 1Y Return | 28.14% | 39.90% |
| 3Y Return (Ann) | 7.20% | 10.28% |
| 5Y Return (Ann) | 9.93% | 16.00% |
| Sharpe Ratio | 2.58 | 3.15 |
| Sortino Ratio | 3.64 | 4.19 |
| Omega Ratio | 1.48 | 1.59 |
| Calmar Ratio | 4.19 | 4.60 |
| Martin Ratio | 13.86 | 21.00 |
| Ulcer Index | 1.99% | 1.85% |
| Daily Std Dev | 10.68% | 12.34% |
| Max Drawdown | -33.72% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between EDOW and VOO is 0.86, 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
EDOW vs. VOO - Performance Comparison
In the year-to-date period, EDOW achieves a 14.60% return, which is significantly lower than VOO's 27.15% 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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EDOW vs. VOO - Expense Ratio Comparison
EDOW has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
EDOW vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow 30 Equal Weight ETF (EDOW) 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
EDOW vs. VOO - Dividend Comparison
EDOW's dividend yield for the trailing twelve months is around 1.78%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDOW First Trust Dow 30 Equal Weight ETF | 1.78% | 1.93% | 1.91% | 1.52% | 1.84% | 1.89% | 1.82% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% |
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
EDOW vs. VOO - Drawdown Comparison
The maximum EDOW drawdown since its inception was -33.72%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EDOW and VOO. For additional features, visit the drawdowns tool.
Volatility
EDOW vs. VOO - Volatility Comparison
First Trust Dow 30 Equal Weight ETF (EDOW) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.88% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.