Correlation
The correlation between OPOF and VOO is 0.08, 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.
OPOF vs. VOO
Compare and contrast key facts about Old Point Financial Corporation (OPOF) 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: OPOF or VOO.
Performance
OPOF vs. VOO - Performance Comparison
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Key characteristics
OPOF:
4.46
VOO:
0.60
OPOF:
6.47
VOO:
0.88
OPOF:
1.96
VOO:
1.13
OPOF:
3.25
VOO:
0.56
OPOF:
41.26
VOO:
2.13
OPOF:
4.14%
VOO:
4.91%
OPOF:
38.14%
VOO:
19.46%
OPOF:
-63.89%
VOO:
-33.99%
OPOF:
-3.87%
VOO:
-5.22%
Returns By Period
In the year-to-date period, OPOF achieves a 50.38% return, which is significantly higher than VOO's -0.85% return. Both investments have delivered pretty close results over the past 10 years, with OPOF having a 12.53% annualized return and VOO not far ahead at 12.64%.
OPOF
50.38%
-0.03%
80.73%
170.47%
17.86%
23.59%
12.53%
VOO
-0.85%
5.19%
-2.42%
10.85%
15.45%
16.18%
12.64%
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Risk-Adjusted Performance
OPOF vs. VOO — Risk-Adjusted Performance Rank
OPOF
VOO
OPOF vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Point Financial Corporation (OPOF) 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
OPOF vs. VOO - Dividend Comparison
OPOF's dividend yield for the trailing twelve months is around 1.44%, more than VOO's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPOF Old Point Financial Corporation | 1.44% | 2.15% | 3.12% | 1.93% | 2.14% | 2.53% | 1.75% | 2.02% | 1.48% | 1.60% | 1.98% | 1.73% |
VOO Vanguard S&P 500 ETF | 1.31% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
OPOF vs. VOO - Drawdown Comparison
The maximum OPOF drawdown since its inception was -63.89%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for OPOF and VOO.
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Volatility
OPOF vs. VOO - Volatility Comparison
Old Point Financial Corporation (OPOF) has a higher volatility of 4.76% compared to Vanguard S&P 500 ETF (VOO) at 4.44%. This indicates that OPOF'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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