Correlation
The correlation between HNW and VOO is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
HNW vs. VOO
Compare and contrast key facts about Pioneer Diversified High Income Fund, Inc. (HNW) 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: HNW or VOO.
Performance
HNW vs. VOO - Performance Comparison
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Key characteristics
HNW:
1.98
VOO:
0.70
HNW:
2.33
VOO:
1.05
HNW:
1.43
VOO:
1.15
HNW:
2.73
VOO:
0.69
HNW:
13.76
VOO:
2.62
HNW:
1.42%
VOO:
4.93%
HNW:
10.93%
VOO:
19.55%
HNW:
-53.07%
VOO:
-33.99%
HNW:
0.00%
VOO:
-3.45%
Returns By Period
In the year-to-date period, HNW achieves a 7.37% return, which is significantly higher than VOO's 1.00% return. Over the past 10 years, HNW has underperformed VOO with an annualized return of 6.27%, while VOO has yielded a comparatively higher 12.81% annualized return.
HNW
7.37%
4.75%
7.71%
21.43%
12.77%
12.10%
6.27%
VOO
1.00%
6.44%
-0.84%
13.62%
14.14%
15.91%
12.81%
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Risk-Adjusted Performance
HNW vs. VOO — Risk-Adjusted Performance Rank
HNW
VOO
HNW vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Diversified High Income Fund, Inc. (HNW) 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
HNW vs. VOO - Dividend Comparison
HNW's dividend yield for the trailing twelve months is around 12.32%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNW Pioneer Diversified High Income Fund, Inc. | 12.32% | 12.52% | 10.91% | 11.61% | 8.62% | 8.93% | 7.90% | 9.50% | 7.78% | 9.01% | 10.69% | 10.73% |
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
HNW vs. VOO - Drawdown Comparison
The maximum HNW drawdown since its inception was -53.07%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HNW and VOO.
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Volatility
HNW vs. VOO - Volatility Comparison
The current volatility for Pioneer Diversified High Income Fund, Inc. (HNW) is 3.26%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that HNW 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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