Correlation
The correlation between INVA and VOO is 0.38, 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.
INVA vs. VOO
Compare and contrast key facts about Innoviva, Inc. (INVA) 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: INVA or VOO.
Performance
INVA vs. VOO - Performance Comparison
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Key characteristics
INVA:
1.57
VOO:
0.70
INVA:
1.93
VOO:
1.05
INVA:
1.24
VOO:
1.15
INVA:
0.45
VOO:
0.69
INVA:
2.94
VOO:
2.62
INVA:
8.00%
VOO:
4.93%
INVA:
17.36%
VOO:
19.55%
INVA:
-84.32%
VOO:
-33.99%
INVA:
-38.90%
VOO:
-3.45%
Returns By Period
In the year-to-date period, INVA achieves a 12.33% return, which is significantly higher than VOO's 1.00% return. Over the past 10 years, INVA has underperformed VOO with an annualized return of 1.74%, while VOO has yielded a comparatively higher 12.81% annualized return.
INVA
12.33%
5.24%
2.31%
27.05%
8.03%
6.89%
1.74%
VOO
1.00%
6.44%
-0.84%
13.62%
14.14%
15.91%
12.81%
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Risk-Adjusted Performance
INVA vs. VOO — Risk-Adjusted Performance Rank
INVA
VOO
INVA vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innoviva, Inc. (INVA) 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
INVA vs. VOO - Dividend Comparison
INVA has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.29%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
INVA Innoviva, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.12% | 3.53% |
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
INVA vs. VOO - Drawdown Comparison
The maximum INVA drawdown since its inception was -84.32%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for INVA and VOO.
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Volatility
INVA vs. VOO - Volatility Comparison
The current volatility for Innoviva, Inc. (INVA) is 4.39%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that INVA 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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