HCM vs. VOO
HCM (HUTCHMED (China) Limited) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, HCM returned -1.20%/yr vs 15.17%/yr for VOO. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
HCM vs. VOO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HCM achieves a -13.35% return, which is significantly lower than VOO's 11.72% return. Over the past 10 years, HCM has underperformed VOO with an annualized return of -1.20%, while VOO has yielded a comparatively higher 15.17% annualized return.
HCM
- 1D
- 3.77%
- 1M
- 0.96%
- 6M
- -20.67%
- YTD
- -13.35%
- 1Y
- -33.12%
- 3Y*
- -11.17%
- 5Y*
- -22.68%
- 10Y*
- -1.20%
- ALL TIME*
- -1.49%
VOO
- 1D
- 1.42%
- 1M
- 1.69%
- 6M
- 9.53%
- YTD
- 11.72%
- 1Y
- 23.30%
- 3Y*
- 20.85%
- 5Y*
- 13.12%
- 10Y*
- 15.17%
- ALL TIME*
- 14.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $553.75K | $545.46K | $586.05K | |
| $3.97B | $3.80B | $5.49B |
HCM vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCM HUTCHMED (China) Limited | -13.35% | -7.49% | -20.43% | 22.53% | -57.87% | 9.56% | 27.72% | 8.58% | -41.43% | 190.49% |
VOO Vanguard S&P 500 ETF | 11.72% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between HCM and VOO is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2016 | 0.27 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HCM vs. VOO — Risk / Return Rank
HCM
VOO
HCM vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HUTCHMED (China) Limited (HCM) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HCM | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.33 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 2.63 | -3.38 |
| Martin ratioReturn relative to average drawdown | -1.38 | 11.23 | -12.61 |
Loading charts...
Drawdowns
HCM vs. VOO - Drawdown Comparison
The maximum HCM drawdown since its inception was -82.18%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HCM and VOO.
Loading charts...
Drawdown Indicators
| HCM | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.18% | -33.99% | -48.19% |
Max Drawdown (1Y)Largest decline over 1 year | -44.50% | -8.90% | -35.60% |
Max Drawdown (3Y)Largest decline over 3 years | -54.13% | -18.69% | -35.44% |
Max Drawdown (5Y)Largest decline over 5 years | -82.18% | -24.52% | -57.66% |
Max Drawdown (10Y)Largest decline over 10 years | -82.18% | -33.99% | -48.19% |
Current DrawdownCurrent decline from peak | -73.10% | 0.00% | -73.10% |
Average DrawdownAverage peak-to-trough decline | -40.68% | -3.67% | -37.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.06% | 2.08% | +21.98% |
Volatility
HCM vs. VOO - Volatility Comparison
HUTCHMED (China) Limited (HCM) has a higher volatility of 13.41% compared to Vanguard S&P 500 ETF (VOO) at 3.81%. This indicates that HCM'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.
Loading charts...
Volatility by Period
| HCM | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.41% | 3.81% | +9.60% |
Volatility (6M)Calculated over the trailing 6-month period | 25.36% | 10.18% | +15.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.37% | 12.80% | +24.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.60% | 16.95% | +47.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.48% | 18.02% | +41.46% |
Dividends
HCM vs. VOO - Dividend Comparison
HCM has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCM HUTCHMED (China) Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
HCM and VOO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCM has higher volatility (13.41%) compared to VOO (3.81%). In terms of maximum drawdown, HCM dropped -82.18% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.83 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HCM and VOO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer