Correlation
The correlation between GGME 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.
GGME vs. VOO
Compare and contrast key facts about Invesco Next Gen Media and Gaming ETF (GGME) and Vanguard S&P 500 ETF (VOO).
GGME and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGME is a passively managed fund by Invesco that tracks the performance of the STOXX World AC NexGen Media Index - Benchmark TR Gross. It was launched on Jun 23, 2005. 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 GGME 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: GGME or VOO.
Performance
GGME vs. VOO - Performance Comparison
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Key characteristics
GGME:
0.83
VOO:
0.74
GGME:
1.32
VOO:
1.04
GGME:
1.18
VOO:
1.15
GGME:
0.91
VOO:
0.68
GGME:
3.25
VOO:
2.58
GGME:
6.92%
VOO:
4.93%
GGME:
27.27%
VOO:
19.54%
GGME:
-69.13%
VOO:
-33.99%
GGME:
-3.81%
VOO:
-3.55%
Returns By Period
In the year-to-date period, GGME achieves a 7.99% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, GGME has underperformed VOO with an annualized return of 7.99%, while VOO has yielded a comparatively higher 12.81% annualized return.
GGME
7.99%
8.40%
7.57%
22.39%
13.74%
13.51%
7.99%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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GGME vs. VOO - Expense Ratio Comparison
GGME has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
GGME vs. VOO — Risk-Adjusted Performance Rank
GGME
VOO
GGME vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Media and Gaming ETF (GGME) 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.
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Dividends
GGME vs. VOO - Dividend Comparison
GGME's dividend yield for the trailing twelve months is around 0.12%, less than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGME Invesco Next Gen Media and Gaming ETF | 0.12% | 0.08% | 2.31% | 0.76% | 0.39% | 0.30% | 0.42% | 0.93% | 0.33% | 0.16% | 1.12% | 0.50% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
GGME vs. VOO - Drawdown Comparison
The maximum GGME drawdown since its inception was -69.13%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GGME and VOO.
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Volatility
GGME vs. VOO - Volatility Comparison
The current volatility for Invesco Next Gen Media and Gaming ETF (GGME) is 4.41%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that GGME experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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