FITE vs. VOO
Compare and contrast key facts about SPDR S&P Kensho Future Security ETF (FITE) and Vanguard S&P 500 ETF (VOO).
FITE and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FITE is a passively managed fund by State Street that tracks the performance of the S&P Kensho Future Security Index. It was launched on Dec 26, 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 FITE 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: FITE or VOO.
Key characteristics
| FITE | VOO | |
|---|---|---|
| YTD Return | 19.84% | 26.59% |
| 1Y Return | 39.62% | 38.23% |
| 3Y Return (Ann) | 5.82% | 9.99% |
| 5Y Return (Ann) | 11.79% | 15.91% |
| Sharpe Ratio | 2.31 | 3.11 |
| Sortino Ratio | 3.08 | 4.14 |
| Omega Ratio | 1.40 | 1.58 |
| Calmar Ratio | 2.51 | 4.54 |
| Martin Ratio | 13.89 | 20.72 |
| Ulcer Index | 2.81% | 1.85% |
| Daily Std Dev | 16.91% | 12.33% |
| Max Drawdown | -36.90% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FITE and VOO is 0.81, 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
FITE vs. VOO - Performance Comparison
In the year-to-date period, FITE achieves a 19.84% return, which is significantly lower than VOO's 26.59% 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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FITE vs. VOO - Expense Ratio Comparison
FITE has a 0.45% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FITE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Future Security ETF (FITE) 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
FITE vs. VOO - Dividend Comparison
FITE's dividend yield for the trailing twelve months is around 0.15%, less than VOO's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITE SPDR S&P Kensho Future Security ETF | 0.15% | 0.13% | 0.12% | 0.92% | 0.88% | 0.44% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FITE vs. VOO - Drawdown Comparison
The maximum FITE drawdown since its inception was -36.90%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FITE and VOO. For additional features, visit the drawdowns tool.
Volatility
FITE vs. VOO - Volatility Comparison
SPDR S&P Kensho Future Security ETF (FITE) has a higher volatility of 5.93% compared to Vanguard S&P 500 ETF (VOO) at 3.95%. This indicates that FITE'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.