Correlation
The correlation between GRX and VOO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GRX vs. VOO
Compare and contrast key facts about The Gabelli Healthcare & Wellness Trust (GRX) 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: GRX or VOO.
Performance
GRX vs. VOO - Performance Comparison
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Key characteristics
GRX:
0.49
VOO:
0.74
GRX:
0.71
VOO:
1.04
GRX:
1.09
VOO:
1.15
GRX:
0.33
VOO:
0.68
GRX:
0.92
VOO:
2.58
GRX:
7.80%
VOO:
4.93%
GRX:
15.87%
VOO:
19.54%
GRX:
-64.34%
VOO:
-33.99%
GRX:
-15.31%
VOO:
-3.55%
Returns By Period
In the year-to-date period, GRX achieves a 0.69% return, which is significantly lower than VOO's 0.90% return. Over the past 10 years, GRX has underperformed VOO with an annualized return of 4.11%, while VOO has yielded a comparatively higher 12.81% annualized return.
GRX
0.69%
-2.45%
-5.48%
7.77%
-0.15%
4.63%
4.11%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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Risk-Adjusted Performance
GRX vs. VOO — Risk-Adjusted Performance Rank
GRX
VOO
GRX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Gabelli Healthcare & Wellness Trust (GRX) 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
GRX vs. VOO - Dividend Comparison
GRX's dividend yield for the trailing twelve months is around 6.28%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRX The Gabelli Healthcare & Wellness Trust | 6.28% | 6.22% | 6.43% | 5.84% | 7.07% | 4.85% | 4.86% | 5.62% | 5.04% | 5.51% | 4.98% | 5.91% |
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
GRX vs. VOO - Drawdown Comparison
The maximum GRX drawdown since its inception was -64.34%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GRX and VOO.
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Volatility
GRX vs. VOO - Volatility Comparison
The Gabelli Healthcare & Wellness Trust (GRX) has a higher volatility of 5.19% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that GRX'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.
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