MODL vs. ^GSPC
Compare and contrast key facts about Victoryshares Westend U.S. Sector ETF (MODL) and S&P 500 (^GSPC).
MODL is an actively managed fund by VictoryShares. It was launched on Oct 11, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MODL or ^GSPC.
Performance
MODL vs. ^GSPC - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with MODL having a 26.08% return and ^GSPC slightly lower at 25.15%.
MODL
26.08%
2.96%
12.80%
30.83%
N/A
N/A
^GSPC
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Key characteristics
| MODL | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 2.60 | 2.53 |
| Sortino Ratio | 3.51 | 3.39 |
| Omega Ratio | 1.47 | 1.47 |
| Calmar Ratio | 3.95 | 3.65 |
| Martin Ratio | 17.34 | 16.21 |
| Ulcer Index | 1.78% | 1.91% |
| Daily Std Dev | 11.84% | 12.23% |
| Max Drawdown | -10.05% | -56.78% |
| Current Drawdown | -0.59% | -0.53% |
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Correlation
The correlation between MODL and ^GSPC is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
MODL vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Victoryshares Westend U.S. Sector ETF (MODL) and S&P 500 (^GSPC). 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.
Drawdowns
MODL vs. ^GSPC - Drawdown Comparison
The maximum MODL drawdown since its inception was -10.05%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MODL and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
MODL vs. ^GSPC - Volatility Comparison
The current volatility for Victoryshares Westend U.S. Sector ETF (MODL) is 3.76%, while S&P 500 (^GSPC) has a volatility of 3.97%. This indicates that MODL experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.