EVX vs. AVGO
Compare and contrast key facts about VanEck Vectors Environmental Services ETF (EVX) and Broadcom Inc. (AVGO).
EVX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Environmental Services Index. It was launched on Oct 16, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVX or AVGO.
Key characteristics
| EVX | AVGO | |
|---|---|---|
| YTD Return | 5.63% | 16.98% |
| 1Y Return | 12.84% | 107.85% |
| 3Y Return (Ann) | 5.27% | 45.75% |
| 5Y Return (Ann) | 10.69% | 37.16% |
| 10Y Return (Ann) | 12.13% | 38.78% |
| Sharpe Ratio | 0.90 | 3.05 |
| Daily Std Dev | 14.56% | 36.64% |
| Max Drawdown | -55.91% | -48.30% |
| Current Drawdown | -3.91% | -7.19% |
Correlation
The correlation between EVX and AVGO is 0.37, 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.
Performance
EVX vs. AVGO - Performance Comparison
In the year-to-date period, EVX achieves a 5.63% return, which is significantly lower than AVGO's 16.98% return. Over the past 10 years, EVX has underperformed AVGO with an annualized return of 12.13%, while AVGO has yielded a comparatively higher 38.78% annualized 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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Risk-Adjusted Performance
EVX vs. AVGO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Environmental Services ETF (EVX) and Broadcom Inc. (AVGO). 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
EVX vs. AVGO - Dividend Comparison
EVX's dividend yield for the trailing twelve months is around 0.90%, less than AVGO's 1.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVX VanEck Vectors Environmental Services ETF | 0.90% | 0.95% | 0.41% | 0.24% | 0.32% | 0.44% | 0.38% | 0.89% | 0.70% | 1.16% | 1.58% | 1.15% |
AVGO Broadcom Inc. | 1.52% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.94% | 1.52% | 1.23% | 1.34% | 1.87% |
Drawdowns
EVX vs. AVGO - Drawdown Comparison
The maximum EVX drawdown since its inception was -55.91%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for EVX and AVGO. For additional features, visit the drawdowns tool.
Volatility
EVX vs. AVGO - Volatility Comparison
The current volatility for VanEck Vectors Environmental Services ETF (EVX) is 2.86%, while Broadcom Inc. (AVGO) has a volatility of 11.62%. This indicates that EVX experiences smaller price fluctuations and is considered to be less risky than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.