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IVES vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IVES and VOO is 0.68, 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.


-0.50.00.51.00.7

Performance

IVES vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wedbush ETFMG Global Cloud Technology ETF (IVES) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

100.00%150.00%200.00%250.00%JulyAugustSeptemberOctoberNovemberDecember
102.21%
247.63%
IVES
VOO

Key characteristics

Sharpe Ratio

IVES:

0.89

VOO:

2.25

Sortino Ratio

IVES:

1.33

VOO:

2.98

Omega Ratio

IVES:

1.16

VOO:

1.42

Calmar Ratio

IVES:

0.57

VOO:

3.31

Martin Ratio

IVES:

4.08

VOO:

14.77

Ulcer Index

IVES:

4.84%

VOO:

1.90%

Daily Std Dev

IVES:

22.14%

VOO:

12.46%

Max Drawdown

IVES:

-56.11%

VOO:

-33.99%

Current Drawdown

IVES:

-17.39%

VOO:

-2.47%

Returns By Period

In the year-to-date period, IVES achieves a 19.73% return, which is significantly lower than VOO's 26.02% return.


IVES

YTD

19.73%

1M

1.46%

6M

11.45%

1Y

20.19%

5Y*

5.99%

10Y*

N/A

VOO

YTD

26.02%

1M

-0.11%

6M

9.35%

1Y

26.45%

5Y*

14.79%

10Y*

13.08%

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IVES vs. VOO - Expense Ratio Comparison

IVES has a 0.68% expense ratio, which is higher than VOO's 0.03% expense ratio.


IVES
Wedbush ETFMG Global Cloud Technology ETF
Expense ratio chart for IVES: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

IVES vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Wedbush ETFMG Global Cloud Technology ETF (IVES) 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.


Sharpe ratio
The chart of Sharpe ratio for IVES, currently valued at 1.00, compared to the broader market0.002.004.001.002.25
The chart of Sortino ratio for IVES, currently valued at 1.47, compared to the broader market-2.000.002.004.006.008.0010.001.472.98
The chart of Omega ratio for IVES, currently valued at 1.18, compared to the broader market0.501.001.502.002.503.001.181.42
The chart of Calmar ratio for IVES, currently valued at 0.64, compared to the broader market0.005.0010.0015.000.643.31
The chart of Martin ratio for IVES, currently valued at 4.57, compared to the broader market0.0020.0040.0060.0080.00100.004.5714.77
IVES
VOO

The current IVES Sharpe Ratio is 0.89, which is lower than the VOO Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of IVES and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00JulyAugustSeptemberOctoberNovemberDecember
1.00
2.25
IVES
VOO

Dividends

IVES vs. VOO - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.02%, less than VOO's 0.91% yield.


TTM20232022202120202019201820172016201520142013
IVES
Wedbush ETFMG Global Cloud Technology ETF
0.02%0.00%0.00%0.00%0.39%1.16%0.38%1.02%0.64%0.00%0.00%0.00%
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

IVES vs. VOO - Drawdown Comparison

The maximum IVES drawdown since its inception was -56.11%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IVES and VOO. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-17.39%
-2.47%
IVES
VOO

Volatility

IVES vs. VOO - Volatility Comparison

Wedbush ETFMG Global Cloud Technology ETF (IVES) has a higher volatility of 8.02% compared to Vanguard S&P 500 ETF (VOO) at 3.75%. This indicates that IVES'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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
8.02%
3.75%
IVES
VOO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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