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LECO vs. VOO

Last updated Feb 24, 2024

Compare and contrast key facts about Lincoln Electric Holdings, Inc. (LECO) 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: LECO or VOO.

Key characteristics


LECOVOO
YTD Return14.98%6.86%
1Y Return52.45%28.82%
3Y Return (Ann)30.87%11.15%
5Y Return (Ann)25.52%14.66%
10Y Return (Ann)14.98%12.76%
Sharpe Ratio2.232.39
Daily Std Dev24.46%12.34%
Max Drawdown-68.89%-33.99%
Current Drawdown0.00%0.00%

Correlation

0.67
-1.001.00

The correlation between LECO and VOO is 0.67, 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.

LECO vs. VOO - Performance Comparison

In the year-to-date period, LECO achieves a 14.98% return, which is significantly higher than VOO's 6.86% return. Over the past 10 years, LECO has outperformed VOO with an annualized return of 14.98%, while VOO has yielded a comparatively lower 12.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%30.00%40.00%SeptemberOctoberNovemberDecember2024February
35.02%
16.40%
LECO
VOO

Compare stocks, funds, or ETFs


Lincoln Electric Holdings, Inc.

Vanguard S&P 500 ETF

LECO vs. VOO - Dividend Comparison

LECO's dividend yield for the trailing twelve months is around 1.05%, less than VOO's 1.36% yield.


TTM20232022202120202019201820172016201520142013
LECO
Lincoln Electric Holdings, Inc.
1.05%1.21%1.61%1.50%1.70%1.96%2.08%1.57%1.71%2.29%1.42%1.16%
VOO
Vanguard S&P 500 ETF
1.36%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

LECO vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Lincoln Electric Holdings, Inc. (LECO) 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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
LECO
Lincoln Electric Holdings, Inc.
2.23
VOO
Vanguard S&P 500 ETF
2.39

LECO vs. VOO - Sharpe Ratio Comparison

The current LECO Sharpe Ratio is 2.23, which roughly equals the VOO Sharpe Ratio of 2.39. The chart below compares the 12-month rolling Sharpe Ratio of LECO and VOO.


Rolling 12-month Sharpe Ratio0.501.001.502.00SeptemberOctoberNovemberDecember2024February
2.23
2.39
LECO
VOO

LECO vs. VOO - Drawdown Comparison

The maximum LECO drawdown since its inception was -68.89%, which is greater than VOO's maximum drawdown of -33.99%. The drawdown chart below compares losses from any high point along the way for LECO and VOO


-20.00%-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2024February00
LECO
VOO

LECO vs. VOO - Volatility Comparison

Lincoln Electric Holdings, Inc. (LECO) has a higher volatility of 9.00% compared to Vanguard S&P 500 ETF (VOO) at 3.94%. This indicates that LECO'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%4.00%6.00%8.00%10.00%SeptemberOctoberNovemberDecember2024February
9.00%
3.94%
LECO
VOO