Correlation
The correlation between IBRN and VOO is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
IBRN vs. VOO
Compare and contrast key facts about iShares Neuroscience and Healthcare ETF (IBRN) and Vanguard S&P 500 ETF (VOO).
IBRN and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBRN is a passively managed fund by iShares that tracks the performance of the NYSE FactSet Global Neuro Biopharma and MedTech Index. It was launched on Aug 24, 2022. 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. Both IBRN and VOO 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: IBRN or VOO.
Performance
IBRN vs. VOO - Performance Comparison
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Key characteristics
IBRN:
-0.20
VOO:
0.72
IBRN:
-0.11
VOO:
1.14
IBRN:
0.99
VOO:
1.17
IBRN:
-0.16
VOO:
0.76
IBRN:
-0.43
VOO:
2.87
IBRN:
12.80%
VOO:
4.94%
IBRN:
26.83%
VOO:
19.55%
IBRN:
-35.39%
VOO:
-33.99%
IBRN:
-23.01%
VOO:
-2.99%
Returns By Period
In the year-to-date period, IBRN achieves a -13.53% return, which is significantly lower than VOO's 1.48% return.
IBRN
-13.53%
-5.66%
-18.67%
-6.46%
N/A
N/A
N/A
VOO
1.48%
4.65%
-1.16%
13.95%
14.76%
15.43%
12.96%
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IBRN vs. VOO - Expense Ratio Comparison
IBRN has a 0.47% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
IBRN vs. VOO — Risk-Adjusted Performance Rank
IBRN
VOO
IBRN vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Neuroscience and Healthcare ETF (IBRN) 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
IBRN vs. VOO - Dividend Comparison
IBRN's dividend yield for the trailing twelve months is around 0.46%, less than VOO's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBRN iShares Neuroscience and Healthcare ETF | 0.46% | 0.40% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
IBRN vs. VOO - Drawdown Comparison
The maximum IBRN drawdown since its inception was -35.39%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IBRN and VOO.
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Volatility
IBRN vs. VOO - Volatility Comparison
iShares Neuroscience and Healthcare ETF (IBRN) has a higher volatility of 9.40% compared to Vanguard S&P 500 ETF (VOO) at 4.83%. This indicates that IBRN'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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