ORA vs. VOO
Compare and contrast key facts about Ormat Technologies, Inc. (ORA) 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: ORA or VOO.
Correlation
The correlation between ORA and VOO is 0.48, 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
ORA vs. VOO - Performance Comparison
Key characteristics
ORA:
-0.26
VOO:
2.22
ORA:
-0.18
VOO:
2.95
ORA:
0.98
VOO:
1.42
ORA:
-0.14
VOO:
3.27
ORA:
-0.74
VOO:
14.57
ORA:
9.86%
VOO:
1.90%
ORA:
27.58%
VOO:
12.47%
ORA:
-73.96%
VOO:
-33.99%
ORA:
-44.06%
VOO:
-1.77%
Returns By Period
In the year-to-date period, ORA achieves a -8.68% return, which is significantly lower than VOO's 26.92% return. Over the past 10 years, ORA has underperformed VOO with an annualized return of 10.37%, while VOO has yielded a comparatively higher 13.12% annualized return.
ORA
-8.68%
-14.85%
-5.55%
-8.80%
-1.08%
10.37%
VOO
26.92%
0.27%
10.43%
27.36%
14.95%
13.12%
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Risk-Adjusted Performance
ORA vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ormat Technologies, Inc. (ORA) 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.
Dividends
ORA vs. VOO - Dividend Comparison
ORA's dividend yield for the trailing twelve months is around 0.70%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ORA Ormat Technologies, Inc. | 0.70% | 0.63% | 0.56% | 0.61% | 0.49% | 0.59% | 1.01% | 0.64% | 0.97% | 0.71% | 0.77% | 0.29% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
ORA vs. VOO - Drawdown Comparison
The maximum ORA drawdown since its inception was -73.96%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ORA and VOO. For additional features, visit the drawdowns tool.
Volatility
ORA vs. VOO - Volatility Comparison
Ormat Technologies, Inc. (ORA) has a higher volatility of 11.16% compared to Vanguard S&P 500 ETF (VOO) at 3.78%. This indicates that ORA'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.