OKTA vs. VITAX
Compare and contrast key facts about Okta, Inc. (OKTA) and Vanguard Information Technology Index Fund Admiral Shares (VITAX).
VITAX is a passively managed fund by Vanguard that tracks the performance of the MSCI US IMI Info Technology 25/50. It was launched on Mar 25, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OKTA or VITAX.
Key characteristics
| OKTA | VITAX | |
|---|---|---|
| YTD Return | -13.38% | 28.75% |
| 1Y Return | 11.74% | 37.45% |
| 3Y Return (Ann) | -33.14% | 12.20% |
| 5Y Return (Ann) | -7.80% | 22.66% |
| Sharpe Ratio | 0.34 | 1.93 |
| Sortino Ratio | 0.81 | 2.49 |
| Omega Ratio | 1.12 | 1.34 |
| Calmar Ratio | 0.19 | 2.67 |
| Martin Ratio | 0.80 | 9.63 |
| Ulcer Index | 18.77% | 4.23% |
| Daily Std Dev | 43.61% | 21.17% |
| Max Drawdown | -84.57% | -54.81% |
| Current Drawdown | -73.12% | -0.86% |
Correlation
The correlation between OKTA and VITAX is 0.55, 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.
Performance
OKTA vs. VITAX - Performance Comparison
In the year-to-date period, OKTA achieves a -13.38% return, which is significantly lower than VITAX's 28.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
OKTA vs. VITAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Okta, Inc. (OKTA) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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.
Dividends
OKTA vs. VITAX - Dividend Comparison
OKTA has not paid dividends to shareholders, while VITAX's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OKTA Okta, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.30% | 0.99% | 1.31% | 1.28% | 1.12% | 1.04% |
Drawdowns
OKTA vs. VITAX - Drawdown Comparison
The maximum OKTA drawdown since its inception was -84.57%, which is greater than VITAX's maximum drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for OKTA and VITAX. For additional features, visit the drawdowns tool.
Volatility
OKTA vs. VITAX - Volatility Comparison
Okta, Inc. (OKTA) has a higher volatility of 7.51% compared to Vanguard Information Technology Index Fund Admiral Shares (VITAX) at 5.97%. This indicates that OKTA's price experiences larger fluctuations and is considered to be riskier than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.