VOO vs. HEDJ
Compare and contrast key facts about Vanguard S&P 500 ETF (VOO) and WisdomTree Europe Hedged Equity Fund (HEDJ).
VOO and HEDJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. Both VOO and HEDJ 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: VOO or HEDJ.
Performance
VOO vs. HEDJ - Performance Comparison
Returns By Period
In the year-to-date period, VOO achieves a 25.48% return, which is significantly higher than HEDJ's 2.46% return. Over the past 10 years, VOO has outperformed HEDJ with an annualized return of 13.15%, while HEDJ has yielded a comparatively lower 7.84% annualized return.
VOO
25.48%
0.99%
11.84%
31.84%
15.62%
13.15%
HEDJ
2.46%
-4.01%
-8.29%
7.92%
7.35%
7.84%
Key characteristics
| VOO | HEDJ | |
|---|---|---|
| Sharpe Ratio | 2.69 | 0.61 |
| Sortino Ratio | 3.59 | 0.91 |
| Omega Ratio | 1.50 | 1.11 |
| Calmar Ratio | 3.89 | 0.67 |
| Martin Ratio | 17.64 | 1.71 |
| Ulcer Index | 1.86% | 4.73% |
| Daily Std Dev | 12.20% | 13.27% |
| Max Drawdown | -33.99% | -38.18% |
| Current Drawdown | -1.40% | -9.46% |
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VOO vs. HEDJ - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is lower than HEDJ's 0.58% expense ratio.
Correlation
The correlation between VOO and HEDJ is 0.74, 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.
Risk-Adjusted Performance
VOO vs. HEDJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and WisdomTree Europe Hedged Equity Fund (HEDJ). 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
VOO vs. HEDJ - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.25%, less than HEDJ's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
HEDJ WisdomTree Europe Hedged Equity Fund | 3.06% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
Drawdowns
VOO vs. HEDJ - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum HEDJ drawdown of -38.18%. Use the drawdown chart below to compare losses from any high point for VOO and HEDJ. For additional features, visit the drawdowns tool.
Volatility
VOO vs. HEDJ - Volatility Comparison
Vanguard S&P 500 ETF (VOO) and WisdomTree Europe Hedged Equity Fund (HEDJ) have volatilities of 4.10% and 3.94%, 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.