Correlation
The correlation between MBWM and VOO is 0.40, 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.
MBWM vs. VOO
Compare and contrast key facts about Mercantile Bank Corporation (MBWM) 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: MBWM or VOO.
Performance
MBWM vs. VOO - Performance Comparison
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Key characteristics
MBWM:
0.53
VOO:
0.74
MBWM:
1.09
VOO:
1.04
MBWM:
1.13
VOO:
1.15
MBWM:
0.83
VOO:
0.68
MBWM:
1.79
VOO:
2.58
MBWM:
11.54%
VOO:
4.93%
MBWM:
39.45%
VOO:
19.54%
MBWM:
-91.44%
VOO:
-33.99%
MBWM:
-14.04%
VOO:
-3.55%
Returns By Period
In the year-to-date period, MBWM achieves a 0.07% return, which is significantly lower than VOO's 0.90% return. Both investments have delivered pretty close results over the past 10 years, with MBWM having a 12.49% annualized return and VOO not far ahead at 12.81%.
MBWM
0.07%
4.37%
-10.41%
20.64%
14.38%
18.51%
12.49%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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Risk-Adjusted Performance
MBWM vs. VOO — Risk-Adjusted Performance Rank
MBWM
VOO
MBWM vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercantile Bank Corporation (MBWM) 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
MBWM vs. VOO - Dividend Comparison
MBWM's dividend yield for the trailing twelve months is around 3.26%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBWM Mercantile Bank Corporation | 3.26% | 3.19% | 3.32% | 3.76% | 3.37% | 4.12% | 2.91% | 5.94% | 2.09% | 3.08% | 2.36% | 12.08% |
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
MBWM vs. VOO - Drawdown Comparison
The maximum MBWM drawdown since its inception was -91.44%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MBWM and VOO.
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Volatility
MBWM vs. VOO - Volatility Comparison
Mercantile Bank Corporation (MBWM) has a higher volatility of 7.41% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that MBWM'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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