GAM vs. VOO
Compare and contrast key facts about General American Investors Company, Inc. (GAM) and Vanguard S&P 500 ETF (VOO).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAM or VOO.
Key characteristics
| GAM | VOO | |
|---|---|---|
| YTD Return | 27.26% | 26.88% |
| 1Y Return | 37.30% | 37.59% |
| 3Y Return (Ann) | 15.74% | 10.23% |
| 5Y Return (Ann) | 14.16% | 15.93% |
| 10Y Return (Ann) | 10.09% | 13.41% |
| Sharpe Ratio | 3.11 | 3.06 |
| Sortino Ratio | 4.06 | 4.08 |
| Omega Ratio | 1.57 | 1.58 |
| Calmar Ratio | 5.00 | 4.43 |
| Martin Ratio | 23.54 | 20.25 |
| Ulcer Index | 1.63% | 1.85% |
| Daily Std Dev | 12.36% | 12.23% |
| Max Drawdown | -66.66% | -33.99% |
| Current Drawdown | -0.89% | -0.30% |
Correlation
The correlation between GAM and VOO is 0.87, 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
GAM vs. VOO - Performance Comparison
The year-to-date returns for both stocks are quite close, with GAM having a 27.26% return and VOO slightly lower at 26.88%. Over the past 10 years, GAM has underperformed VOO with an annualized return of 10.09%, while VOO has yielded a comparatively higher 13.41% 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
GAM vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for General American Investors Company, Inc. (GAM) 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
GAM vs. VOO - Dividend Comparison
GAM has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAM General American Investors Company, Inc. | 0.00% | 6.17% | 9.32% | 7.42% | 0.62% | 0.98% | 9.67% | 1.98% | 10.20% | 1.06% | 10.00% | 5.97% |
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
GAM vs. VOO - Drawdown Comparison
The maximum GAM drawdown since its inception was -66.66%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GAM and VOO. For additional features, visit the drawdowns tool.
Volatility
GAM vs. VOO - Volatility Comparison
General American Investors Company, Inc. (GAM) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.95% and 3.89%, 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.