HOVLX vs. VOO
Compare and contrast key facts about Homestead Funds Value Fund (HOVLX) and Vanguard S&P 500 ETF (VOO).
HOVLX is managed by Homestead. It was launched on Nov 19, 1990. 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: HOVLX or VOO.
Correlation
The correlation between HOVLX and VOO is 0.93, 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.
Performance
HOVLX vs. VOO - Performance Comparison
Key characteristics
HOVLX:
0.67
VOO:
2.25
HOVLX:
0.91
VOO:
2.98
HOVLX:
1.14
VOO:
1.42
HOVLX:
0.68
VOO:
3.31
HOVLX:
3.38
VOO:
14.77
HOVLX:
2.57%
VOO:
1.90%
HOVLX:
13.03%
VOO:
12.46%
HOVLX:
-57.48%
VOO:
-33.99%
HOVLX:
-11.99%
VOO:
-2.47%
Returns By Period
In the year-to-date period, HOVLX achieves a 6.60% return, which is significantly lower than VOO's 26.02% return. Over the past 10 years, HOVLX has underperformed VOO with an annualized return of 9.33%, while VOO has yielded a comparatively higher 13.08% annualized return.
HOVLX
6.60%
-9.54%
-3.10%
7.66%
8.93%
9.33%
VOO
26.02%
-0.11%
9.35%
26.45%
14.79%
13.08%
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HOVLX vs. VOO - Expense Ratio Comparison
HOVLX has a 0.63% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
HOVLX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Value Fund (HOVLX) 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.
Dividends
HOVLX vs. VOO - Dividend Comparison
HOVLX's dividend yield for the trailing twelve months is around 0.69%, less than VOO's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOVLX Homestead Funds Value Fund | 0.69% | 1.49% | 1.48% | 1.19% | 1.39% | 1.60% | 1.94% | 1.80% | 2.31% | 2.02% | 1.54% | 1.67% |
VOO Vanguard S&P 500 ETF | 0.91% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
HOVLX vs. VOO - Drawdown Comparison
The maximum HOVLX drawdown since its inception was -57.48%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HOVLX and VOO. For additional features, visit the drawdowns tool.
Volatility
HOVLX vs. VOO - Volatility Comparison
Homestead Funds Value Fund (HOVLX) has a higher volatility of 7.86% compared to Vanguard S&P 500 ETF (VOO) at 3.75%. This indicates that HOVLX'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.