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OPRA vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

OPRA vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opera Limited (OPRA) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
51.17%
11.84%
OPRA
VOO

Returns By Period

In the year-to-date period, OPRA achieves a 58.36% return, which is significantly higher than VOO's 25.48% return.


OPRA

YTD

58.36%

1M

26.64%

6M

51.17%

1Y

66.81%

5Y (annualized)

19.95%

10Y (annualized)

N/A

VOO

YTD

25.48%

1M

0.99%

6M

11.84%

1Y

31.84%

5Y (annualized)

15.62%

10Y (annualized)

13.15%

Key characteristics


OPRAVOO
Sharpe Ratio1.272.69
Sortino Ratio2.173.59
Omega Ratio1.241.50
Calmar Ratio1.143.89
Martin Ratio5.0517.64
Ulcer Index13.92%1.86%
Daily Std Dev55.39%12.20%
Max Drawdown-72.85%-33.99%
Current Drawdown-24.72%-1.40%

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Correlation

-0.50.00.51.00.3

The correlation between OPRA and VOO is 0.34, 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.

Risk-Adjusted Performance

OPRA vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Opera Limited (OPRA) 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 ratio
The chart of Sharpe ratio for OPRA, currently valued at 1.27, compared to the broader market-4.00-2.000.002.004.001.272.69
The chart of Sortino ratio for OPRA, currently valued at 2.17, compared to the broader market-4.00-2.000.002.004.002.173.59
The chart of Omega ratio for OPRA, currently valued at 1.24, compared to the broader market0.501.001.502.001.241.50
The chart of Calmar ratio for OPRA, currently valued at 1.14, compared to the broader market0.002.004.006.001.143.89
The chart of Martin ratio for OPRA, currently valued at 5.05, compared to the broader market-10.000.0010.0020.0030.005.0517.64
OPRA
VOO

The current OPRA Sharpe Ratio is 1.27, which is lower than the VOO Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of OPRA and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.27
2.69
OPRA
VOO

Dividends

OPRA vs. VOO - Dividend Comparison

OPRA's dividend yield for the trailing twelve months is around 4.05%, more than VOO's 1.25% yield.


TTM20232022202120202019201820172016201520142013
OPRA
Opera Limited
4.05%9.07%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF
1.25%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

OPRA vs. VOO - Drawdown Comparison

The maximum OPRA drawdown since its inception was -72.85%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for OPRA and VOO. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-24.72%
-1.40%
OPRA
VOO

Volatility

OPRA vs. VOO - Volatility Comparison

Opera Limited (OPRA) has a higher volatility of 14.02% compared to Vanguard S&P 500 ETF (VOO) at 4.10%. This indicates that OPRA'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.


0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
14.02%
4.10%
OPRA
VOO