GRISX vs. VOO
Compare and contrast key facts about Nationwide S&P 500 Index Fund (GRISX) and Vanguard S&P 500 ETF (VOO).
GRISX is managed by Nationwide. It was launched on Nov 2, 1998. 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: GRISX or VOO.
Key characteristics
| GRISX | VOO | |
|---|---|---|
| YTD Return | 23.65% | 24.05% |
| 1Y Return | 39.83% | 40.59% |
| 3Y Return (Ann) | 10.09% | 10.54% |
| 5Y Return (Ann) | 15.68% | 16.15% |
| 10Y Return (Ann) | 13.25% | 13.61% |
| Sharpe Ratio | 3.07 | 3.15 |
| Sortino Ratio | 4.05 | 4.17 |
| Omega Ratio | 1.56 | 1.58 |
| Calmar Ratio | 3.10 | 3.34 |
| Martin Ratio | 20.24 | 21.02 |
| Ulcer Index | 1.88% | 1.85% |
| Daily Std Dev | 12.34% | 12.27% |
| Max Drawdown | -55.54% | -33.99% |
| Current Drawdown | -0.18% | -0.15% |
Correlation
The correlation between GRISX and VOO is 0.99, 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
GRISX vs. VOO - Performance Comparison
The year-to-date returns for both investments are quite close, with GRISX having a 23.65% return and VOO slightly higher at 24.05%. Both investments have delivered pretty close results over the past 10 years, with GRISX having a 13.25% annualized return and VOO not far ahead at 13.61%. 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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GRISX vs. VOO - Expense Ratio Comparison
GRISX has a 0.44% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
GRISX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide S&P 500 Index Fund (GRISX) 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
GRISX vs. VOO - Dividend Comparison
GRISX's dividend yield for the trailing twelve months is around 0.90%, less than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRISX Nationwide S&P 500 Index Fund | 0.90% | 1.11% | 1.67% | 4.96% | 1.27% | 6.26% | 18.54% | 6.66% | 7.42% | 11.98% | 5.42% | 9.25% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
GRISX vs. VOO - Drawdown Comparison
The maximum GRISX drawdown since its inception was -55.54%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GRISX and VOO. For additional features, visit the drawdowns tool.
Volatility
GRISX vs. VOO - Volatility Comparison
Nationwide S&P 500 Index Fund (GRISX) and Vanguard S&P 500 ETF (VOO) have volatilities of 2.58% and 2.53%, 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.