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

Correlation

The correlation between ENVX and VOO is 0.47, 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.


-0.50.00.51.00.5

Performance

ENVX vs. VOO - Performance Comparison

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

-50.00%-40.00%-30.00%-20.00%-10.00%0.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-38.44%
9.97%
ENVX
VOO

Key characteristics

Sharpe Ratio

ENVX:

-0.27

VOO:

2.22

Sortino Ratio

ENVX:

0.28

VOO:

2.95

Omega Ratio

ENVX:

1.03

VOO:

1.42

Calmar Ratio

ENVX:

-0.33

VOO:

3.27

Martin Ratio

ENVX:

-0.75

VOO:

14.57

Ulcer Index

ENVX:

37.08%

VOO:

1.90%

Daily Std Dev

ENVX:

103.10%

VOO:

12.47%

Max Drawdown

ENVX:

-83.70%

VOO:

-33.99%

Current Drawdown

ENVX:

-72.05%

VOO:

-1.77%

Returns By Period

In the year-to-date period, ENVX achieves a -20.05% return, which is significantly lower than VOO's 26.92% return.


ENVX

YTD

-20.05%

1M

6.15%

6M

-16.86%

1Y

-25.47%

5Y*

N/A

10Y*

N/A

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

ENVX vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Enovix Corp (ENVX) 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 ENVX, currently valued at -0.27, compared to the broader market-4.00-2.000.002.00-0.272.22
The chart of Sortino ratio for ENVX, currently valued at 0.28, compared to the broader market-4.00-2.000.002.004.000.282.95
The chart of Omega ratio for ENVX, currently valued at 1.03, compared to the broader market0.501.001.502.001.031.42
The chart of Calmar ratio for ENVX, currently valued at -0.33, compared to the broader market0.002.004.006.00-0.333.27
The chart of Martin ratio for ENVX, currently valued at -0.75, compared to the broader market-5.000.005.0010.0015.0020.0025.00-0.7514.57
ENVX
VOO

The current ENVX Sharpe Ratio is -0.27, which is lower than the VOO Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of ENVX 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
-0.27
2.22
ENVX
VOO

Dividends

ENVX vs. VOO - Dividend Comparison

ENVX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.23%.


TTM20232022202120202019201820172016201520142013
ENVX
Enovix Corp
0.00%0.00%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
1.23%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

ENVX vs. VOO - Drawdown Comparison

The maximum ENVX drawdown since its inception was -83.70%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ENVX and VOO. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-72.05%
-1.77%
ENVX
VOO

Volatility

ENVX vs. VOO - Volatility Comparison

Enovix Corp (ENVX) has a higher volatility of 27.48% compared to Vanguard S&P 500 ETF (VOO) at 3.78%. This indicates that ENVX'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.


0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
27.48%
3.78%
ENVX
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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