Correlation
The correlation between HON and VOO is 0.71, 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.
HON vs. VOO
Compare and contrast key facts about Honeywell International Inc (HON) 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: HON or VOO.
Performance
HON vs. VOO - Performance Comparison
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Key characteristics
HON:
0.62
VOO:
0.74
HON:
1.06
VOO:
1.04
HON:
1.15
VOO:
1.15
HON:
0.73
VOO:
0.68
HON:
2.11
VOO:
2.58
HON:
7.69%
VOO:
4.93%
HON:
24.58%
VOO:
19.54%
HON:
-71.79%
VOO:
-33.99%
HON:
-2.95%
VOO:
-3.55%
Returns By Period
In the year-to-date period, HON achieves a 1.40% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, HON has underperformed VOO with an annualized return of 10.10%, while VOO has yielded a comparatively higher 12.81% annualized return.
HON
1.40%
8.23%
-1.67%
15.19%
7.64%
11.45%
10.10%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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Risk-Adjusted Performance
HON vs. VOO — Risk-Adjusted Performance Rank
HON
VOO
HON vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Honeywell International Inc (HON) 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
HON vs. VOO - Dividend Comparison
HON's dividend yield for the trailing twelve months is around 1.97%, more than VOO's 1.29% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 1.97% | 1.93% | 1.99% | 1.85% | 1.81% | 1.71% | 1.90% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
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
HON vs. VOO - Drawdown Comparison
The maximum HON drawdown since its inception was -71.79%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HON and VOO.
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Volatility
HON vs. VOO - Volatility Comparison
Honeywell International Inc (HON) has a higher volatility of 5.91% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that HON'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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